Shimizu Corporation (TSE:8158) announces a share repurchase program. Under the program, the company will repurchase up to 32,000,000 shares, representing 4.32% of its issued share capital (excluding treasury stock), for ¥20,000 million. The purpose of the program is to enhance the company's value through improved capital efficiency.

The program will run until January 31, 2024. As of March 31, 2023, the company had 740,903,214 shares in issue (excluding treasury stock) and 47,611,399 shares in treasury.