Festaria Holdings Co., Ltd. (JASDAQ:2736) announces a share repurchase program. Under the program, the company will repurchase 12,000 shares, representing 1.02% of the outstanding shares for ¥25 million. The purpose of the program is to improve capital efficiency and shareholder returns. The program will run until January 31, 2020. As of November 30, 2019, the company had 1,177,475 shares outstanding and 13,925 shares in treasury.