Fudo Tetra Corporation (TSE:1813) announces a share repurchase program. Under the program, the company will repurchase 440,000 shares, representing 2.78% of the outstanding shares for ¥500 million. The purpose of the program is to achieve the shareholder return target of 50% in the mid-term business plan. The program will run until July 31, 2020. As of March 31, 2020, the company had 15,832,017 shares outstanding and 657,505 shares in treasury.