Brass Corporation (TSE:2424) announces a share repurchase program. Under the program, the company will repurchase 65,000 shares, representing 1.14% of the outstanding shares for ¥50 million. The purpose of the program is to improve capital efficiency and shareholder returns, and to enable the implementation of a flexible capital policy in response to changes in the business environment. The program will run until February 28, 2020. As of October 31, 2019, the company had 5,709,300 shares outstanding and 0 shares in treasury.