Shimizu : Announcement Regarding Decision to Implement Share Buybacks
May 10, 2021 at 04:15 am EDT
Share
Tokyo, May 10, 2021
Company Name:
Shimizu Corporation
Representative:
Kazuyuki Inoue, President and Director
Shares Listed:
First section of the Tokyo Stock Exchange and Nagoya Stock Exchange
Stock Code:
1803
Inquiries:
Michiho Yamaguchi, General Manager, Accounting Department
TEL: +81-3-3561-1111
Announcement Regarding Decision to Implement Share Buybacks
(Purchase of Treasury Stocks in accordance with the Articles of
Incorporation pursuant to Article 165, Paragraph 2 of the Corporation Law of Japan)
Shimizu Corporation (hereinafter the "Corporation") hereby announces that, at a meeting held on May 10, 2021, its Board of Directors has resolved to purchase its own shares in accordance with Article 156 of the Corporation Law of Japan, applied pursuant to Paragraph 3,Article 165 of the said Law.
Purpose of implementing share buybacks
To further enhance the company's value through improved capital efficiency
Details
(1)
Type of shares to be purchased
Common stock of the Corporation
(2)
Total number of shares to be purchased
Up to 28 million shares
(3.66% of total number of issued shares (excluding
treasury stock))
(3)
Aggregate purchase amount
Up to 20 billion Japanese Yen
(4)
Purchase period
From May 11, 2021 to December 31, 2021
(Reference)
Total number of issued shares and treasury stock as at March 31, 2021
Total number of issued shares (excluding treasury stock):
764,192,421 shares
Treasury stock:
24,322,192 shares
Disclaimer: This is an English translation of the original announcement made by the Corporation in Japanese at the Tokyo Stock Exchange on May 10, 2021. The translation is for reference purposes only. If and when there are any discrepancies between the original announcement and the English translation, the original announcement shall prevail.
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Disclaimer
Shimizu Corporation published this content on 10 May 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 10 May 2021 08:14:17 UTC.
Shimizu Corporation is one of the Japanese largest building and civil engineering works groups. Net sales break down by activity as follows:
- subcontracting construction services (89.4%): construction of buildings (housings, offices, manufactures, schools, medical centers, shopping centers, warehouses, hospitals, hotels, etc.), construction of transport and civil engineering infrastructures (roads, highways, railways, bridges, dams, etc.);
- other (10.6%): real estate development, leasing and sale of building materials equipments, financial services, etc.
SHIMIZU CORPORATION 
