Kawasaki Kisen Kaisha, Ltd. (TSE:9107) announces a share repurchase program. Under the program, the company will repurchase up to 11,676,000 shares, representing 4.7% of its share capital, for ¥60,000 million worth of its shares. The purpose of the program is to improve shareholder returns.

As of July 31, 2023, the company had 248,643,456(excluding treasury stock) shares in issue and 2,068,933 shares in treasury. The program will be valid till October 31, 2023.