ZOZO, Inc. announces an Equity Buyback for 5,000,000 shares, representing 1.67% for ¥10,000 million.
October 31, 2023 at 02:00 am EDT
Share
ZOZO, Inc. (TSE:3092) announces a share repurchase program. Under the program, the company will repurchase 5,000,000 shares, representing 1.67% of the outstanding shares, for ¥10,000 million. The purpose of the program is to enhance shareholder returns, along with the upward revision of dividend payout ratio.
The company will fund repurchase from its own capital. The program will run until March 1, 2024. As of September 30, 2023, the company had 300,080,831 shares outstanding (excluding treasury stock) and 11,563,454 shares in treasury.
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. 
