MORESCO Corporation (TSE:5018) announces a share repurchase program. Under the program, the company will repurchase 80,000 shares, representing 0.87% of its share capital, for ¥100 million. The purpose of the program is implementation of a flexible capital policy in response to changes in the business environment and enhancing shareholder returns.

The program will expire on April 30, 2024. As of November 30, 2023, the company had 9,232,780 shares outstanding and 463,720 shares in treasury.