TIS Inc. announces an Equity Buyback for 3,200,000 shares, representing 1.27% for ¥4,470 million.
May 12, 2021 at 02:30 am EDT
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TIS Inc. (TSE:3626) announces a share repurchase program. Under the program, the company will repurchase 3,200,000 shares, representing 1.27% of the outstanding shares for ¥4,470 million. The purpose of the program is to implement agile capital policies that flexibly respond to changes in the business environment and improve shareholder interests and capital efficiency. The program will run until December 30, 2021. As of March 31, 2021, the company had 252,591,138 shares outstanding and 10,776,156 shares in treasury.
TIS Inc mainly provides outsourcing business and cloud service related to IT investment, as well as software development and solutions. The Company operates in four business segments. The Service Information Technology (IT) segment provides knowledge-intensive IT services. The Business Process Outsourcing (BPO) segment provides business process outsourcing such as marketing and promotional work, clerical work and contract work utilizing a wealth of business and IT know-how. The Financial IT segment is engaged in the operation of high value-added businesses and IT-based business, based on specialized business and business know-how specialized in the financial industry. The Industrial IT segment is engaged in the operation of high value-added businesses and IT-based business, based on specialized business and business know-how specialized in the various fields other than finance. The other business provides real estate leasing and management business.
TIS INC. 
