Zoom Corporation (JASDAQ:6694) announces a share repurchase program. Under the program, the company will repurchase up to 160,000 shares, representing 6.96% of its issued share capital (excluding treasury stock), for a total purchase price of ¥428.48 million. The shares will be repurchased at a price of ¥2,678 per share. The purpose of the program is to acquire treasury stock necessary for the disposal of treasury stock as transfer-restricted stock compensation, to avoid dilution of the stock value due to the disposal, and to implement a flexible capital policy in response to changes in the business environment. The program will continue through February 24, 2021. As of December 31, 2020, the company had 2,297,412 issued shares (excluding treasury stock) and 57,731 treasury shares.