TIS Inc. (TSE:3626) agreed to acquire Nihon Ics Co.,Ltd. on March 7, 2023. As part of transaction, TIS will acquire 76,000 shares. For period ended November 30, 2022, Nihon reported Net assets of ¥9.7 billion, total assets of ¥14.2 billion, sales of ¥6.9 billion, operating income of ¥1.9 billion and net income of ¥1.5 billion. The transaction is expected to complete on April 6, 2023.
TIS Inc. (TSE:3626) completed the acquisition of Nihon Ics Co.,Ltd. in April, 2023.
TIS Inc mainly provides outsourcing business and cloud service related to IT investment, as well as software development and solutions. The Company operates in four business segments. The Service Information Technology (IT) segment provides knowledge-intensive IT services. The Business Process Outsourcing (BPO) segment provides business process outsourcing such as marketing and promotional work, clerical work and contract work utilizing a wealth of business and IT know-how. The Financial IT segment is engaged in the operation of high value-added businesses and IT-based business, based on specialized business and business know-how specialized in the financial industry. The Industrial IT segment is engaged in the operation of high value-added businesses and IT-based business, based on specialized business and business know-how specialized in the various fields other than finance. The other business provides real estate leasing and management business.