Yellow Hat Ltd. (TSE:9882) announces a share repurchase program. Under the program, the company will repurchase 80,400 shares, representing 0.35% of the outstanding shares, at ¥2,378 per share for ¥191.19 million. The company will repurchase 600 shares from Yamaguchi Yellow Hat, K.K., 16,500 shares from Oita Yellow Hat, K.K. and 63,300 shares from Best Wing, K.K. in a negotiated transaction. The purpose of this program is to acquire company common shares held by subsidiaries based on the regulations of Article 135-3 of the Company Law. The repurchase will take place on June 13, 2016. As of May 31, 2016, the company had 23,143,055 shares outstanding and 1,818,518 shares in treasury.