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Fudo Tetra Corporation ( (JP:1813) ) has issued an update.
Fudo Tetra Corporation has announced disciplinary measures against its top management following an incident involving fictitious orders placed by employees, which had previously prompted a special committee investigation and the formulation of additional recurrence prevention measures. The board resolved to cut the monthly remuneration of President Shinya Okuda by 20% for three months, Executive Vice President Jun Ohbayashi by 15% for three months, and Director and Managing Executive Officer Yoji Kawachi by 10% for three months, with further temporary pay reductions imposed on several executive officers responsible for the soil improvement business and a regional branch; the company reiterated its apology to shareholders, business partners and other stakeholders, signaling an effort to assume management responsibility, strengthen internal controls and restore trust.
The most recent analyst rating on (JP:1813) stock is a Hold with a Yen3286.00 price target. To see the full list of analyst forecasts on Fudo Tetra Corporation stock, see the JP:1813 Stock Forecast page.
More about Fudo Tetra Corporation
Fudo Tetra Corporation is a Japanese construction-related company listed on the Tokyo Stock Exchange Prime Market under securities code 1813. Its business spans civil engineering, soil improvement and block environment operations, indicating a focus on infrastructure, ground improvement and environmental solutions in the construction sector.
Average Trading Volume: 99,398
Technical Sentiment Signal: Buy
Current Market Cap: Yen46.56B
For a thorough assessment of 1813 stock, go to TipRanks’ Stock Analysis page.