TISC Co. Ltd. announces an Equity Buyback for 120,000 shares, representing 3.45% for ¥30 million.
May 23, 2016 at 09:01 am
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TISC Co. Ltd. (NSE: 4349) announces a share repurchase program. Under the program, the company will repurchase up to 120,000 shares, representing 3.45% of its shares outstanding excluding treasury shares, for a total of ¥30 million. The repurchase program is conducted to improve capital efficiency and implement a flexible capital policy in response to changes in the business environment. The share repurchase program is valid until September 30, 2016. As of March 31, 2016, the company had 3,482,142 shares outstanding excluding treasury shares and had 17,858 shares in treasury.
TISC CO., LTD. is a Japan-based company mainly engaged in the development and operation support of packaged software and other products, as well as the sale and maintenance of computer equipment. The system development business is involved in the development and sale of packaged software products such as the chain store backbone business system CHAINS, the chain store information analysis system GRIP, the store business support system SCOOP, the store wireless personal digital assistant (PDA) system WRAPS and the sales management system GROWBS, and the provision of application service provider (ASP) services, as well as the contract development and operation support of software products. The commodity business is engaged in the sale of computer equipment and supplies, the maintenance of computer equipment, and the provision of housing services, hosting services and cloud services.
TISC CO.,LTD. 
