MUGEN ESTATE Co.,Ltd. (TSE:3299) announces a share repurchase program. Under the program, the company will repurchase 450,000 shares, representing 1.91% of the outstanding shares, for ¥500 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 August 30, 2024. As of March 31, 2024, the company had 23,562,675 shares outstanding (excluding treasury stock) and 798,325 shares in treasury.