TISC Co.,Ltd. announces an Equity Buyback for 135,000 shares, representing 3.88% for ¥29.43 million.
February 21, 2017
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TISC Co.,Ltd. (NSE:4349) announces a share repurchase program. Under the program, the company will repurchase up to 135,000 shares, representing 3.88% of its share capital, at ¥218 per share for ¥29.43 million. The company is repurchasing its shares through the Nagoya Stock Exchange off-floor treasury share trading (N-NET3). The company will repurchase its shares in order to improve capital efficiency and to aim for the implementation of a flexible capital policy which responds to changes in the business environment. As of September 30, 2016, the company had 3,482,142 shares outstanding (excluding treasury shares) and 17,858 shares in treasury.
TISC CO., LTD. is a Japan-based company mainly engaged in the development and operation support of packaged software and other products, as well as the sale and maintenance of computer equipment. The system development business is involved in the development and sale of packaged software products such as the chain store backbone business system CHAINS, the chain store information analysis system GRIP, the store business support system SCOOP, the store wireless personal digital assistant (PDA) system WRAPS and the sales management system GROWBS, and the provision of application service provider (ASP) services, as well as the contract development and operation support of software products. The commodity business is engaged in the sale of computer equipment and supplies, the maintenance of computer equipment, and the provision of housing services, hosting services and cloud services.
TISC CO.,LTD. 
