MG Home Co., Ltd. (TSE:8891) announces a share repurchase program. Under the program, the company will repurchase up to 60,000 shares, representing 2.09% of its outstanding shares excluding treasury shares for ¥20 million. The shares will be repurchased through over-the-counter as well as through market repurchases in Tokyo Stock Exchange.

The purpose of the program is the implementation of a flexible capital policy and to repurchase the shares from its subsidiary. The shares will be repurchased in accordance with Article 156 of the Companies Act. The program will be valid until May 27, 2016.

As of December 31, 2015, the company had 2,870,048 outstanding shares excluding treasury shares and 36,000 shares in treasury.