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.

Yellow Hat Ltd. completed its share repurchase program on June 21, 2013.