Mory Industries Inc. (TSE:5464) announces a share repurchase program. Under the program, the company will repurchase up to 90,000 shares, representing 1.1% of its share capital, for ¥200 million. The company will repurchase its shares in order to implement a flexible capital policy which responds to changes in the business environment. The share repurchase program will run until February 28, 2017. As of December 31, 2016, the company had 8,158,099 shares outstanding excluding treasury shares, and 123,381 shares in treasury.