Mitsubishi UFJ Financial Group, Inc. (TSE:8306) announces a share repurchase program. Under the program, the company will repurchase 600,000,000 shares, representing 4.74% of the outstanding shares for ¥300,000 million. The purpose of the program is to improve shareholder returns, enhance capital efficiency and enable the implementation of a flexible capital policy.

The program will run until November 11, 2022. As of March 31, 2022, the company had 12,648,035,812 shares outstanding and 633,959,308 shares in treasury.