Kawasaki Kisen Kaisha, Ltd. (TSE:9107) announces a share repurchase program. Under the program, the company will repurchase up to 35,236,000 shares, representing 12.41% of its share capital, for ¥100,000 million worth of its shares. The purpose of the program is to improve shareholder returns.

As of October 31, 2022, the company had 283,880,879(excluding treasury stock) shares in issue and 367,510 shares in treasury. The program will expire on March 31, 2023.