Mory Industries Inc. (TSE:5464) announces a share repurchase program. Under the program, the company will repurchase 120,000 shares, representing 1.51% of the outstanding shares for ¥300 million. The purpose of the program is to implement a flexible capital policy in response to changes in the business environment. The program will run until November 30, 2018. As of September 30, 2018, the company had 7,949,328 shares outstanding and 252 shares in treasury.