Mitsubishi Estate Co., Ltd. (TSE:8802) announces a share repurchase program. Under the program, the company will repurchase up to 22,000,000 shares, representing 1.64% of its issued shares for ¥30,000 million. The purpose of share repurchase is to improve capital efficiency and shareholder value as part of capital policy in the long-term management plan. The repurchase program will continue until March 31, 2022. As of December 31, 2020, the company had 1,338,573,309 shares outstanding and 52,755,007 shares in treasury.