The Board of Directors of Applied Co., Ltd. (JASDAQ:3020) authorized a share repurchase program on August 22, 2012. Under the program, the company will repurchase up to 100,000 shares, representing 7.4% of the total outstanding shares (excluding treasury shares), at a price of ¥1,110 per share, for a total cost of ¥111 million. The repurchases will be done in Osaka Securities Exchange J-NET Market on August 23, 2012. Yoshiharu Oka will tender part of his shareholdings to the program. The repurchases will be done on the Article 165, Clause 3, of Japan's Corporate Law as interpreted in lieu of Article 156, of Japan's Corporate. The reason behind the buyback is to be able to conduct a flexible capital policy in compliance with changes in business environment. Due to market conditions, a part or whole share will not be acquired. As of June 30, 2012, the company has 1,351,202 shares as total outstanding shares (excluding treasury shares) and 398 shares as treasury shares.

Applied Co., Ltd. completed its share repurchase program on August 23, 2012.