The Board of Directors of Yellow Hat Ltd. (TSE:9882) authorized a share repurchase program on June 17, 2013. Under the program, the company will repurchase up to 28,100 shares, representing 0.12% of its issued share capital, at a price of ¥1,858 per share, for a total cost of up to ¥52.21 million. Such shares will be repurchased from Apple Co., Ltd. following the provisions of Article 135 Paragraph 3 of Japan's Corporate Law.

Repurchases will be made on June 21, 2013. As of May 31, 2013, the company has 22,711,710 shares outstanding and 2,249,863 shares held in treasury.