ARTE Salon Holdings, Inc. (JASDAQ:2406) announces a share repurchase program. Under the program, the company will repurchase 40,000 shares, representing 0.4% of the outstanding shares, at ¥585 per share for ¥23.4 million. The purpose of the program is to implement a flexible capital policy in response to changes in the business environment. As of October 30, 2019, the company had 9,940,257 shares outstanding and 359,743 shares in treasury.