Tranche Update on ZOZO, Inc.'s Equity Buyback Plan announced on October 31, 2023.
March 06, 2024 at 01:00 am EST
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From January 1, 2024 to March 4, 2024, the company has repurchased 1,434,900 shares, representing 0.48% for ¥4,747.97 million. With this, the company has completed the repurchase of 3,129,900 shares, representing 1.05% for ¥9,999.44 million under the buyback announced on October 31, 2023.
ZOZO, Inc., formerly START TODAY CO., LTD. is a Japan-based company engaged in the E-commerce (EC) business which operates Internet shopping Websites. The Companyâs business includes ZOZOTOWN business, PB business, BtoB business, advertising business and other business. The ZOZOTOWN business consists of the purchasing shop, contracted shop and ZOZOUSED business. PB business sells the Company-designed apparel products tailored to the individual shape of the users. The B to B business supports various fulfillment related businesses, such as system development, design production, logistics contracting, marketing support of EC sites operated independently by apparel makers. The advertising business uses ZOZOTOWN and WAR's user reach base to provide advertising space to client brands and advertising agencies and earns advertising revenue. The others business includes business associated with ZOZOTOWN, such as paid member revenue, shipping income and settlement fee income.
ZOZO, INC. 
