Mory Industries Inc. (TSE:5464) announces a share repurchase program. Under the program, the company will repurchase up to 140,000 shares, representing 1.73% of its share capital, for ¥500 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, 2018. As of December 31, 2017, the company had 8,074,054 shares outstanding (excluding treasury shares) and 526 shares in treasury.