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The latest update is out from SHIFT ( (JP:3697) ).
SHIFT Inc. has resolved to repurchase up to 7.9 million of its own shares, representing about 3% of its outstanding stock (excluding treasury shares), for a maximum total of ¥10 billion between January 19 and March 31, 2026. Management views the current share price as significantly undervalued relative to its expectations and considers this buyback a more attractive and certain use of capital than pursuing additional M&A at this time, framing the move as a strategic growth investment; the company also does not intend to cancel the repurchased shares, suggesting potential future use for capital strategy or transactions while aiming to enhance shareholder value and signal confidence in its long-term growth trajectory.
The most recent analyst rating on (JP:3697) stock is a Hold with a Yen1006.00 price target. To see the full list of analyst forecasts on SHIFT stock, see the JP:3697 Stock Forecast page.
More about SHIFT
SHIFT Inc., listed on the Tokyo Stock Exchange Prime Market, is a Japan-based IT company that began with a software testing business in 2009 and has since expanded across the IT value chain, including consulting, system development, and related services. Through 40 mergers and acquisitions of IT-related companies, the SHIFT Group has built capabilities to support customers in developing market-ready digital services, positioning itself as a comprehensive provider of software quality assurance and IT solutions.
Average Trading Volume: 5,089,794
Technical Sentiment Signal: Sell
Current Market Cap: Yen255.3B
Find detailed analytics on 3697 stock on TipRanks’ Stock Analysis page.