Mory Industries Inc. (TSE:5464) announces a share repurchase program. Under the program, the company will repurchase 100,000 shares, representing 1.26% of its share capital, for ¥200 million. The company will repurchase its shares in order to implement a flexible capital policy in response to changes in the business environment. The program will run until February 29, 2020. As of December 31, 2019, the company had 7,914,677 shares outstanding (excluding treasury shares) and 34,903 shares in treasury.