As-me ESTELLE CO., LTD. (TSE:7872) announces a share repurchase program. Under the program, the company will repurchase 220,000 shares, representing 2% of the outstanding shares for ¥176 million. The purpose of the program is to enhance capital efficiency and improve shareholder returns. The program will run until November 30, 2017. As of September 30, 2017, the company had 11,017,365 shares outstanding and 441,858 shares in treasury.