Komori
Treasury Shares1803SHIMIZU CORPORATIONConstruction and Materials

Supplementary Explanatory Materials on the Issuance of Euro-Yen Convertible Bonds (CBs) and Share Repurchase

The previously approved share repurchase limit has been increased from ¥10 billion to ¥20 billion. The company plans to purchase ¥10 billion worth of shares, or 4.25 million shares, through ToSTNeT-3 on the day after the resolution approving the CB issuance. The repurchase period is from 17 August 2026 to 30 December 2026.

Worth reading
53Recurring
Scored from 4 of 5 sections
Direction
Improvement
Direction inferred from the company’s description.
Scale
100
¥ billion (additional purchases)
Wording
Conditional
How definitive the wording is.

Resolution on acquisition limit

Resolved 24 September 2026Off-auction purchase (ToSTNeT-3)
Total acquisition price¥10 billion (maximum)
Maximum number of shares to be acquired4.25 million sharesCommon shares
Acquisition period

17 August 2026 to 30 December 2026

Reason for acquisition

To absorb through a ToSTNeT-3 treasury share purchase the hedging sales of the company's shares by certain overseas institutional investors purchasing the CBs, thereby mitigating the short-term impact on the supply and demand of the shares, while further improving ROE and EPS by conducting an additional ¥10 billion share repurchase funded by the CB proceeds.

Amendment to resolution details
Change in acquisition limit¥10 billion (maximum) → ¥20 billion (maximum)(100%)
Change in acquisition period17 August 2026 to 30 December 2026 → 17 August 2026 to 30 December 2026
Resolution on acquisition limit
ItemDetails
Class of shares to be acquiredCommon shares
Maximum number of shares to be acquired4.25 million shares
Total acquisition price¥10 billion (maximum)
Acquisition period17 August 2026 to 30 December 2026
Method of acquisitionOff-auction purchase (ToSTNeT-3)
Reason for acquisitionTo absorb through a ToSTNeT-3 treasury share purchase the hedging sales of the company's shares by certain overseas institutional investors purchasing the CBs, thereby mitigating the short-term impact on the supply and demand of the shares, while further improving ROE and EPS by conducting an additional ¥10 billion share repurchase funded by the CB proceeds.
Resolution date24 September 2026
Change in acquisition period17 August 2026 to 30 December 2026 → 17 August 2026 to 30 December 2026
Change in acquisition limit¥10 billion (maximum) → ¥20 billion (maximum)(100%)
Items this document does not state (7)
Percentage of total issued sharesNumber of shares to be retiredPercentage of total issued shares before retirementScheduled retirement dateTotal number of issued shares after retirementCurrent number of treasury sharesTotal number of issued shares

These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.

The reasons the company gives

The company's own explanation, not something inferred from the numbers.

To absorb hedging sales of the company's shares by CB investors and mitigate the short-term impact on the supply and demand of the shares, while further improving ROE and EPS. The company also aims to strengthen capital efficiency and shareholder returns.

How to read this page

This is not the documentKomori reads the disclosure the company filed and writes this summary. Figures are as stated by the company and are not audited.
Weight is not a verdictIt measures how much this changes what the company had already told the market. It is not a view on the shares.
Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.
Supplementary Explanatory Materials on the Issuance of Euro-Yen Convertible Bonds (CBs) and Share Repurchase | SHIMIZU CORPORATION (1803) timely disclosure | Komori