MUGEN ESTATE Co.,Ltd. (TSE:3299) announces a share repurchase program. Under the program, the company will repurchase 650,000 shares, representing 2.71% of the outstanding shares for ?300 million. The purpose of the program is to improve shareholder returns and to ensure a flexible and mobile capital policy in response to changes in the business environment. The program will run until May 13, 2022. As of June 30, 2021, the company had 23,978,691 shares outstanding and 382,309 shares in treasury.