Shimizu Corporation (TSE:1803) announces a share repurchase program. Under the program, the company will repurchase up to 13,000,000 shares, representing 1.83% of its issued share capital (excluding treasury stock), for ¥10,000 million. The purpose of the program is to increase corporate value by improving capital efficiency.

The program will run until September 30, 2024. As of April 30, 2024, the company had 709,549,273 shares in issue (excluding treasury stock) and 34,127,040 shares in treasury.