MORESCO Corporation (TSE:5018) announces a share repurchase program. Under the program, the company will repurchase 110,000 shares, representing 1.13% of the outstanding shares, at ¥1,644 per share for ¥180.84 million. The purpose of the program is to implement a flexible capital policy in response to changes in the business environment and to improve shareholder returns. As of October 31, 2018, the company had 9,695,803 shares outstanding and 697 shares in treasury.