ARTE Salon Holdings, Inc. (JASDAQ:2406) announces a share repurchase program. Under the program, the company will repurchase 20,000 shares, representing 0.4% of the outstanding shares, at ¥702 per share for ¥14.04 million. Shares will be repurchased through the Tokyo Stock Exchange Off-Auction Own Share Repurchase Trading (ToSTNeT-3). The purpose of the program is to implement a flexible capital policy in response to changes in the business environment. As of September 30, 2016, the company had 5,025,157 shares outstanding and 304,843 shares in treasury.