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The latest update is out from IPS, Inc. ( (JP:4390) ).
IPS, Inc. announced that it has submitted a report to Japan’s National Police Agency and the Ministry of Internal Affairs and Communications detailing preventive measures following an incident of unauthorized use of an IP phone number supplied by its subsidiary IPS Pro, Inc. to a Hong Kong corporation. The company said it has completed all actions requested by the authorities, confirmed there are currently no other transactions posing similar risk, and has overhauled IPS Pro’s management structure by appointing external personnel and revising its executive framework to strengthen internal controls. IPS and IPS Pro emphasized their recognition of their social responsibility as telecommunications service providers and pledged to implement robust recurrence-prevention measures, enhance governance, and pursue sustainable, long-term growth while working to restore trust and support the development of telecom services in Japan and Asia.
The most recent analyst rating on (JP:4390) stock is a Hold with a Yen3979.00 price target. To see the full list of analyst forecasts on IPS, Inc. stock, see the JP:4390 Stock Forecast page.
More about IPS, Inc.
IPS, Inc. is a Japan-based telecommunications service provider listed on the Prime Market of the Tokyo Stock Exchange, offering IP phone and related communication services, primarily in Japan and across Asia through its consolidated subsidiary IPS Pro, Inc. The group focuses on innovation and development in telecom infrastructure and services, with growing emphasis on governance, internal controls, and sustainable growth in its regional markets.
Average Trading Volume: 84,913
Technical Sentiment Signal: Buy
Current Market Cap: Yen39.97B
Learn more about 4390 stock on TipRanks’ Stock Analysis page.