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An announcement from TIS Inc. ( (JP:3626) ) is now available.
TIS Inc. has announced a decision by its Board of Directors to acquire up to 12 million shares of its own stock, representing 5.1% of its total shares, with a maximum acquisition cost of ¥42 billion. This move is part of TIS’s strategy to enhance capital efficiency and shareholder returns, aligning with its Medium-Term Management Plan. The acquisition will be conducted via market purchases on the Tokyo Stock Exchange, and any treasury stock exceeding 5% of total issued shares will be canceled to prevent future stock dilution.
More about TIS Inc.
TIS Inc. operates in the technology sector, focusing on providing IT services and solutions. The company is listed on the Prime Market of the Tokyo Stock Exchange and aims to enhance shareholder value through strategic capital management.
Average Trading Volume: 860,405
Technical Sentiment Signal: Buy
Current Market Cap: Yen973B
For an in-depth examination of 3626 stock, go to TipRanks’ Stock Analysis page.