Bull-Dog Sauce Co., Ltd. (TSE:2804) announces a share repurchase program. Under the program, the company will repurchase 45,000 shares, representing 0.66% of the outstanding shares, at ¥2,260 per share for ¥101.7 million. The purpose of the program is to enable the implementation of a flexible capital policy in response to changes in the business environment. As of December 31, 2017, the company had 6,834,321 shares outstanding and 143,119 shares in treasury.