The Board of Directors of Cdg Co.Ltd (JASDAQ:2487) authorized a share repurchase program on July 8, 2013. Under the program, the company will repurchase up to 150,000 shares, representing 2.57% of its issued share capital (excluding treasury shares), for a total cost of ¥150 million. The purpose of the repurchase program is to enable the implementation of a flexible capital policy corresponding to changes in the business environment.

The plan will commence on July 9, 2013 and end on May 31, 2014. As of May 31, 2013, the company has 5,837,920 shares outstanding (treasury shares excluded) and 402,080 shares held in treasury.