T&S inc. announces an Equity Buyback for 170,000 shares, representing 2.23% for ¥250 million.
December 14, 2021 at 02:00 am EST
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T&S inc. (TSE:4055) announces an share repurchase program. Under the program the company will repurchase 170,000 shares, representing 2.23% of the outstanding shares for ¥250 million. The purpose of the program is to implement agile capital policies that flexibly respond to changes in the business environment and improve shareholder profits and capital efficiency. The program will run until July 13, 2022. As of December 14, 2021, the company had 7,633,200 shares outstanding (excluding treasury stock) and no shares in treasury.
T&S Group Inc, formerly T&S Inc is a Japan-based company principally engaged in the provision of system development and related services. The Company provides services through three categories. The solution category service is engaged in the consulting, requirements definition, design, development, testing, verification of systems for large companies and their affiliates without specifying the business domains. The semiconductor category service is engaged in the operation and maintenance of systems, as well as the operation support of information technology (IT) infrastructures in semiconductor factories. The advanced technology solution category service is engaged in the provision of services that utilizes the latest advanced technologies such as artificial intelligence (AI), image recognition, and hardware control to provide AI algorithm research and development support services related to cutting-edge technology, as well as contracted development of AI software.