Moriya Corporation (TSE:1798) announces a share repurchase program. Under the program, the company will repurchase up to 30,000 shares, representing 1.37% of its total shares outstanding excluding treasury shares, for a total of ¥100 million. The purpose of repurchase program is to enhance shareholder returns, improve capital efficiency, as well as to implement a flexible capital policy in response to changes in the business environment.

The repurchase program is valid till June 30, 2024. As of December 31, 2023, the company had 2,197,199 shares outstanding excluding treasury shares and had 62,801 shares in treasury.