MORESCO Corporation (TSE:5018) announces a share repurchase program. Under the program, the company will repurchase 180,000 shares, representing 1.92% of its share capital, for ¥216 million. The offer price is ¥1200 per share.

The purpose of the program is implementation of a flexible capital policy in response to changes in the business environment. The program will expire on July 14, 2022. As of July 13, 2022, the company had 9,389,530 shares outstanding and 306,970 shares in treasury.