Separately from earnings, expanding the share buyback framework and financing through bond issuance. Total share buyback up to 10 billion yen, with an additional up to 10 billion yen planned. Use of funds includes approximately 90 billion yen for M&A funding and for share buyback. Issuance is zero-coupon bonds with warrants maturing in 2031 and 2033, with anti-dilution measures.<\/p>\n","protected":false},"comment_status":"open","ping_status":"closed","template":"","meta":{"Ticker":"","DATE":"","longName":"","company_name_ja":"","fullTimeEmployees":0,"address":"","phone":"","website":"","industry":"","sector":"","regularMarketPrice":0,"financialCurrency":"","marketCap":0,"fiftyTwoWeekLow":0,"fiftyTwoWeekHigh":0,"epsTrailingTwelveMonths":0,"epsForward":0,"bookValue":0,"totalRevenue":0,"OperatingIncome":0,"operatingMargins":0,"NetIncome":0,"profitMargins":0,"ebitda":0,"trailingPE":0,"forwardPE":0,"priceToBook":0,"returnOnEquity":0,"recommendationMean":0,"recommendationKey":"","targetMeanPrice":0,"numberOfAnalystOpinions":0,"analyst_earnings_data":"","dividendRate":0,"dividendYield":0,"payoutRatio":0,"totalEsg":0,"environmentScore":0,"socialScore":0,"governanceScore":0,"title":"","providerPublishTime":"","link":"","longBusinessSummary":"","longBusinessSummary_ja":"","quarterly_revenue":0,"quarterly_net_income":0,"quarterly_operating_profit":0,"enterprise_value":0,"price_fetched_at":"","company_officer_1_name":"","company_officer_1_title":"","company_officer_2_name":"","company_officer_2_title":"","company_officer_3_name":"","company_officer_3_title":"","company_officer_4_name":"","company_officer_4_title":"","company_officer_5_name":"","company_officer_5_title":"","company_officers_update_time":"","get_dividend_history_year1":0,"get_dividend_history_year2":0,"get_dividend_history_year3":0,"get_dividend_history_year4":0,"get_dividend_history_year5":0,"get_dividend_history_year6":0,"get_dividend_history_year7":0,"get_dividend_history_year8":0,"get_dividend_history_year9":0,"get_dividend_history_year10":0,"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"jir_stock_code":"1803","jir_company_name":"Shimizu Corporation","jir_importance":"\u2605\u2605\u2605\u2605\u2606","jir_publication_date":"2026-09-24","jir_source_link":"https:\/\/japanir.jp\/wp-content\/uploads\/2026\/09\/1803-20260924-04.pdf","jir_short_summary":"Separately from earnings, expanding the share buyback framework and financing through bond issuance. Total share buyback up to 10 billion yen, with an additional up to 10 billion yen planned. Use of funds includes approximately 90 billion yen for M&A funding and for share buyback. Issuance is zero-coupon bonds with warrants maturing in 2031 and 2033, with anti-dilution measures.","jir_summary":"### Overview\nThis supplementary explanation describes Shimizu Corporation issuing euro-yen-denominated convertible bond-type bonds with warrants maturing in 2031 and 2033, while expanding the share buyback framework to acquire up to 10 billion yen. The zero-coupon type minimizes cash-based interest costs, and dilution is mitigated by attaching conversion restrictions and buyback provisions.\n\n### Capital Policy and Growth Investment Alignment\nUnder the Medium-Term Management Plan 2024-2026, total growth investments amount to 360 billion yen, with 235 billion yen to be invested by the end of March 2026. Funds raised via the CB will be allocated to M&A funding and share buyback funding to enhance capital efficiency and ROE\/EPS. Additional share buybacks, alongside CB financing, aim to strengthen shareholder returns.","jir_financial_highlights":"Total share buyback authorization: 10,000,000,000 yen (Plan after expanding the additional buyback framework)\nIssuance amount: 50,000,000,000 yen (2031 maturity) \/ 50,000,000,000 yen (2033 maturity) (New issue)\nConversion terms: Conversion restrictions (1 year before maturity 150% \/ 3 months before maturity 130%) \/ Buyback terms (cash-settled at face value) (Design policy)","jir_category":"","jir_hashtags":"#ShimizuCorporation, #ShareBuyback, #ConvertibleBond, #SHIMZ_VISION_2030","jir_key_figures":"Expanded buyback limit: 20,000,000,000 yen (after change)\nPlanned share buyback amount: 10,000,000,000 yen\nIssuance amount: 50,000,000,000 yen (2031 maturity) \/ 50,000,000,000 yen (2033 maturity)","jir_meta_title":"Shimizu Corporation: Notice of Share Buyback Expansion and CB Issuance | September 2026","jir_meta_description":"Shimizu Corporation issues convertible bonds maturing in 2031 and 2033 and expands the share buyback framework. Approximately 90 billion yen to be used for M&A; an additional ~10 billion yen for share buyback planned.","jir_og_title":"Shimizu Corporation: Notice of Share Buyback Expansion and CB Issuance | September 2026","jir_og_description":"Shimizu Corporation implements CB issuance and expanded share buyback. About 90 billion yen for M&A and about 10 billion yen for additional buyback.","jir_og_image_url":"\/assets\/og\/company-tender_offer.jpg","jir_chart_data_collection":"[]","ir_related_company":7398,"ir_release_date":"","ir_type":"","ir_is_new":false,"ir_document_url":"","jir_ir_type":"tender_offer","footnotes":""},"sector":[],"importance":[],"class_list":["post-122769","ir_release","type-ir_release","status-publish","hentry"],"yoast_head":"\n