Mory Industries Inc. (TSE:5464) announces a share repurchase program. Under the program, the company will repurchase 80,000 shares, representing 1.02% of its share capital, for ¥204 million. The shares will be repurchased at a price of ¥2,550 per share.

The company will repurchase its shares in order to carry out agile capital policies that respond to changes in the business environment. The program will run until February 14, 2022. As of January 31, 2022, the company had 7,845,952 shares outstanding (excluding treasury shares) and 528 shares in treasury.