A storage medium storing an image processing program in which the image processing program obtains a plurality of images and displacement information indicating a positional displacement between the plurality of images, calculates weighting information for performing weighting processing on the displacement information for each of a plurality of color components, performs the weighting processing on the displacement information for each of the plurality of color components, calculates a pixel value of a color component of a calculation target based on local inflection information of a color component other than the color component of the calculation target and the weighting information after conducting the weighting processing, and generates a composite image based on a calculation result. Accordingly, it is possible to reduce a processing time in image processing which generates, from the plurality of images having the positional displacement, the composite image having a higher resolution than those images.