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Why is Shimizu stock sliding today?

  • Shimizu Corp. stock drops 5.6% to ¥2,219 after convertible bond issuance announcement.
  • Investors worried about 5.3% equity dilution from two tranches of bonds maturing in 2031 and 2033.
  • ¥90 billion raised for M&A, ¥10 billion allocated for share buybacks amid dilution concerns.

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