Fudo Tetra Corporation announces an Equity Buyback for 300,000 shares, representing 1.85% for ¥400 million.
May 13, 2019 at 02:11 am EDT
Fudo Tetra Corporation (TSE:1813) announces a share repurchase program. Under the program, the company will repurchase 300,000 shares, representing 1.85% of its issued share capital for ¥400 million. The purpose of the program is to return shareholder profits at the return ratio of 50%. The plan will be valid up to July 31, 2019. As of March 31, 2019, the company had 16,191,729 shares outstanding and 297,793 shares in treasury.