Z Holdings Corporation (TSE:4689) announces a share repurchase program. Under the program, the company will repurchase up to 103,000,000 shares, representing 1.36% of its issued share capital for a total purchase price of ¥68,289 million. The company will repurchase shares from A Holdings Corporation. The purchase price per share will be ¥663 per share but if on December 8, 2021, which is the business day before the date of the resolution of the Board of Directors (December 9, 2021) to formally determine the Tender Offer Price, if the amount discounted by 6% from the closing price of the company's common stock on the First Section of the Stock Exchange is less than this amount, the amount will be less than that amount. The purpose of the program is to improve the ratio of common shares of the company's common stock and stock liquidity and make ZOZO Co., Ltd. a consolidated subsidiary. The repurchased shares is to be delivered in connection with the exercise of the Stock Acquisition Rights. The program will expire on January 13, 2022. As of December 3, 2021, the company had 7,656,327,795 issued shares (excluding treasury stock) and 60,187,534 treasury shares.

On December 9, 2021, the company revised the status of treasury stock holding where, as of December 3, 2021, the company had 7,596,140,261 issued shares (excluding treasury stock) and 60,187,534 shares in treasury. The company also fixed the offer price as ¥663 per share.