Kawasaki Kisen Kaisha, Ltd. (TSE:9107) announces a share repurchase program. Under the program, the company will repurchase up to 39,556,000 K line shares, representing 5.54% of its total shares outstanding excluding treasury shares, for a total of ¥100,000 million. The purpose of the program is to improve shareholder returns.

The repurchased shares will be cancelled. The program will be valid till July 31, 2024. As of April 30, 2024, the company had 713,616,435 shares outstanding excluding treasury shares and had 1,111,632 shares in treasury.