INES Corporation announces an Equity Buyback for 1,650,000 shares, representing 6.51% for ¥2,000 million.
December 17, 2018 at 03:00 am
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INES Corporation (TSE:9742) announces a share repurchase program. Under the program, the company will repurchase 1,650,000 shares, representing 6.51% of the outstanding shares for ¥2,000 million. The purpose of the program is to implement a flexible capital policy in response to changes in the business environment, to enhance capital efficiency and improve shareholder returns. The program will run until March 11, 2019. As of December 17, 2018, the company had 25,363,912 shares outstanding and 3,236,088 shares in treasury.
INES Corporation is a company mainly engaged in the provision of information processing and communication service, system provision service and other system related services, the planning and development of information systems and network and the provision of operation, maintenance and maintenance services. Through its subsidiaries, the Company is also engaged in the development of software, the provision of information processing services, the manpower dispatching, the sale of petroleum and software package, the design, development, operation and maintenance of information system and network.
INES CORPORATION 