Morito Co., Ltd. (TSE:9837) announces a share repurchase program. Under the program, the company will repurchase up to 500,000 shares, representing 1.84% of its issued share capital (excluding treasury stock) for ¥600 million. The company will repurchase its shares as a part of flexible capital policy implementation and shareholder return measures in response to changes in the business environment.

The share repurchase program will run until January 31, 2024. As of November 30, 2022, the company had 27,231,840 shares outstanding (excluding treasury shares) and 2,768,160 shares in treasury.