The Board of Directors of Cdg Co.Ltd (JASDAQ:2487) authorized a share repurchase program on October 26, 2012. Under the program, the company will repurchase up to 150,000 shares, representing 2.52% of its issued share capital (excluding treasury shares), for a total cost of ¥150 million. The repurchases will be done based on Article 165, Clause 3, of Japan's Corporate Law.

The purpose of the repurchase program is to conduct a flexible capital policy in compliance with changes in business environment. The plan will commence on October 29, 2012 and end on May 31, 2013. As of September 30, 2012, the company has 5,944,760 shares outstanding (treasury shares excluded) and 295,240 shares held in treasury.