INES Corporation announces an Equity Buyback for 4,000,000 shares, representing 13.99% for ¥4,000 million.
July 27, 2018 at 03:00 am EDT
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INES Corporation (TSE:9742) announces a share repurchase program. Under the program, the company will repurchase 4,000,000 shares, representing 13.99% of the outstanding shares for ¥4,000 million. The purpose of the program is to implement a flexible capital policy in response to changes in the business environment, to enhance capital efficiency and improve shareholder returns. The program will run until March 11, 2019. As of June 30, 2018, the company had 28,594,323 shares outstanding and 5,677 shares in treasury.
INES Corporation is a company mainly engaged in the provision of information processing and communication service, system provision service and other system related services, the planning and development of information systems and network and the provision of operation, maintenance and maintenance services. Through its subsidiaries, the Company is also engaged in the development of software, the provision of information processing services, the manpower dispatching, the sale of petroleum and software package, the design, development, operation and maintenance of information system and network.
INES CORPORATION 
