TIS Inc. (TSE:3626) announces a share repurchase program. Under the program, the company will repurchase 6,766,000 shares, representing 2.8% of the outstanding shares for ¥22,422.52 million. The shares will be repurchased at a price of ¥3,314 per share.

The program is aimed at improving shareholder returns and capital efficiency as part of implementing a flexible capital policy that responds flexibly to changes in the business environment. The program will expire on February 5, 2024. As of January 31, 2024, the company had 241,255,685 shares outstanding and 3,189,726 shares in treasury.