Morozoff Limited (TSE:2217) announces a share repurchase program. Under the program, the company will repurchase 12,500 shares, representing 0.35% of the outstanding shares, at ¥5,230 per share for ¥65.38 million. The purpose of the program is to implement a flexible capital policy in response to changes in the business environment. As of July 31, 2018, the company had 3,570,724 shares outstanding and 98,502 shares in treasury.