Morozoff Limited (TSE:2217) announces a share repurchase program. Under the program, the company will repurchase up to 128,000 shares, representing 1.82% of its issued share capital (excluding treasury stock), for a total purchase price of ¥480.64 million. The shares will be repurchased at a price of ¥3,755 per share.

The purpose of the program is to carry out flexible capital policy in response to changes in the business environment. As of July 31, 2023, the company has 7,039,302 issued shares (excluding treasury stock) and 49,150 treasury shares.