Morozoff Limited (TSE:2217) announces a share repurchase program. Under the program, the company will repurchase 23,600 shares, representing 0.67% of the outstanding shares, at ¥5,230 per share for ¥123.43 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, 2019, the company had 3,588,715 shares outstanding and 130,511 shares in treasury.