MOONBAT Co.,Ltd. (TSE:8115) announces a share repurchase program. Under the program, the company will repurchase 50,000 shares, representing 1.04% of the outstanding shares for ¥45 million. The purpose of the program is to enable the implementation of a flexible capital policy in response to changes in the business environment. The program will run until September 18, 2020. As of January 31, 2020, the company had 4,825,260 shares outstanding and 516,473 shares in treasury.