【Kawasaki Kisen Kaisha】Decision to Repurchase Treasury Stock | May 2026

Overview of Capital Policy

Kawasaki Kisen Kaisha has decided to acquire up to 130 billion yen of treasury stock in conjunction with its financial results announcement on May 8, 2026. The acquisition will be conducted using a combination of the Tokyo Stock Exchange's off-market buyback trading (ToSTNeT-3) and open market purchases, during the period from June 1, 2026, to September 30, 2026. The maximum number of shares to be acquired is 44,429,000 shares (approximately 6.96% of outstanding shares), and the acquired shares are generally planned to be canceled after acquisition. As a result, the cumulative shareholder return during the medium-term management plan period is expected to increase from over 800 billion yen to over 880 billion yen.

Impact on Shareholders and Future Outlook

This share buyback aims to maintain financial health while stabilizing stock prices and improving capital efficiency. The funds for purchase will be secured through existing cash flows and leverage, and the company plans to continue considering measures to achieve profit growth and enhance capital efficiency. In consideration of large shareholders and market liquidity, negotiations have been held, and key shareholders have expressed willingness to participate in the buyback. Efforts are also made to minimize market impact.