Mobile Factory, Inc. (TSE:3912) announces a share repurchase program. Under the program, the company will repurchase 500,000 shares, representing 5.15% of the outstanding shares for ¥500 million. The purpose of the program is to improve shareholder profits. The program will run until June 28, 2019. As of January 18, 2019, the company had 9,699,400 shares outstanding and 543,031 shares in treasury.