INES Corporation announces an Equity Buyback for 2,500,000 shares, representing 10.46% for ¥3,000 million.
July 30, 2021 at 08:00 am
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INES Corporation (TSE:9742) announces a share repurchase program. Under the program, the company will repurchase up to 2,500,000 shares, representing 10.46% of its total shares outstanding excluding treasury shares, for a total of ¥3,000 million. The purpose of the repurchase program is to implement capital policies to improve capital efficiency and enhance shareholder returns. The share repurchase program is valid until March 24, 2022. As of June 30, 2021, the company has 23,900,000 shares outstanding excluding treasury shares and had 87,316 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 
