Morpho, Inc. (TSE:3653) announces a share repurchase program. Under the program, the company will repurchase up to 50,000 shares, representing 0.95% of its total shares outstanding excluding treasury shares, for a total of ¥350 million. The purpose of the repurchase program is to enable the company to implement a flexible capital policy corresponding to changes in the business environment.

The share repurchase program is valid until March 31, 2016. As of February 29, 2016, the company had 5,268,800 shares outstanding excluding treasury shares and had no shares in treasury.