Z Holdings' Askul to repurchase, cancel treasury stock

Z Holdings Corporation (TSE: 4689) announced that its consolidated subsidiary, ASKUL Corporation (TSE: 2678), will repurchase and cancel all treasury stock. ASKUL's decision, made at a board meeting today, aims to maximize the company's corporate value. Z Holdings has agreed to the repurchase, intending to sell a portion of its ASKUL shares while maintaining a voting rights ratio of 46.34%, as of February 20, 2025. Z Holdings anticipates a negligible impact on its consolidated business results from this transaction. ASKUL Corporation, located in Tokyo, is an e-commerce and logistics business with capital stock of ¥21,233 million as of February 20, 2025.