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IPS, Inc. ( (JP:4390) ) has shared an announcement.
IPS, Inc. has announced a strategic move to secure funding for the construction of a new international submarine cable system connecting Japan, the Philippines, and Singapore, as well as a cable landing station in the Philippines. This initiative, undertaken in collaboration with a consortium and led by its subsidiary InfiniVAN, Inc., is supported by a credit facility arranged by Mizuho Bank, Ltd. The borrowing, amounting to approximately ¥12 billion, is expected to bolster the company’s infrastructure capabilities and strengthen its market position in the telecommunications sector. The financial covenants associated with this borrowing aim to ensure the company’s financial stability and operational profitability.
The most recent analyst rating on (JP:4390) stock is a Buy with a Yen3130.00 price target. To see the full list of analyst forecasts on IPS, Inc. stock, see the JP:4390 Stock Forecast page.
More about IPS, Inc.
IPS, Inc. operates in the telecommunications industry, focusing on the development and management of international submarine cable systems. The company is involved in projects that enhance connectivity between countries, particularly in Asia, and is a key player in the construction and operation of such infrastructure.
Average Trading Volume: 98,070
Technical Sentiment Signal: Buy
Current Market Cap: Yen42.14B
See more insights into 4390 stock on TipRanks’ Stock Analysis page.