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Shares Increased By 5,300 Percent, What's The Secret Of Tange Shift?

Incredible rise in the shares caught the attention of investors. Shares have increased by 5,300 percent, what is the secret of Tange Shift?

Yazar: Elif Dinçer

Yayınlanma: 17 Mayıs 2021 22:29

Güncellenme: 25 Aralık 2024 05:22

Shares Increased By 5,300 Percent, What's The Secret Of Tange Shift?

Masaru Tange, CEO of software testing firm Tange Shift, shared the secret of the 5,300 percent rise in company shares.

The incredible rise seen in the shares of the software testing firm caught the attention of investors. Shares have increased by 5,300 percent, so what is the secret of Tange Shift? Here are the details ... Tange Shift's CEO, Masaru Tange, said that the secret of the company being Japan's best performing stock is to buy small firms and increase employee salaries. Tange’s Shift buys companies at the bottom of the supply chain and raises the salary of engineers. Tange stated that they are no longer working with employees as subcontractors and they charge competitive prices. Shares of the company have risen more than 5,300 percent since its IPO in 2014, recording the second best performance on the Japanese stock market. Shift's market value reached approximately $ 2.3 billion, and the value of Tange's 33 percent share was recorded as approximately $ 745 million. CEO Masaru Tange, 46, said the business model is aimed at eliminating inequality in the Japanese software industry. The CEO said, “I aim to create a fair working environment through acquisitions and mergers.”
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