Morozoff Limited (TSE:2217) announces a share repurchase program. Under the program, the company will repurchase up to 21,000 shares, representing 0.59% of its share capital, at ¥5,030 per share for ¥105.63 million. The company will repurchase its shares in order to implement a flexible capital policy in response to changes in the business environment. As of January 31, 2019, the company had 3,558,937 shares outstanding (excluding treasury shares) and 110,289 shares in treasury.