Reduce potential shares equivalent to 14% of issued shares and implement cancellation\/expiration of share options. This raises fully diluted EPS by 13% and plans approximately 500 million yen in shareholder returns over the next three years. 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This raises fully diluted EPS by 13% and plans approximately 500 million yen in shareholder returns over the next three years. Stop new share issuances and strengthen financial soundness.","jir_summary":"### Overview of capital policy\nThis report aims to prevent dilution and strengthen financial soundness through the reduction of potential shares and cancellation\/expiration of share options. The 7th cancellation of share options and the 8th expiration of share options will contribute to reducing the number of shares after full dilution. The policy is to halt new share issuances for the next three years to reduce the need for financing.\n\n### Outlook for finance and shareholder returns\nUtilizing a carve-out to promote cash generation, the financial base will be dramatically improved. By the end of this term, net cash is expected to be reached, and shareholder returns aiming for about a 40% payout ratio through 2029 fiscal year. Over three years, around 500 million yen of returns are planned, stabilizing cash and reducing interest-bearing debt.","jir_financial_highlights":"Issued shares: 6,220,880 shares (Unknown)\nPotential shares: 1,300,400 shares (Decrease)\nNet cash: Cash 1.8 billion yen \/ Net cash expected to be achieved by the end of the current term (End of Feb 2026 cash 1.8 billion yen, expected to convert to net cash by the end of the term)\nInterest-bearing debt: 3.7 billion yen (Expected to fall to 3.0 billion yen by the end of the term)\nShareholder return plan: About 5 billion yen (around 40% total payout ratio) (Strengthening of returns month-to-month \/ year by year over 3 years)","jir_category":"","jir_hashtags":"#ETESCapitalPolicy, Cancellation\/Expiration of Share Options, Dilution Prevention, Cash Allocation","jir_key_figures":"Issued shares: 6,220,880 shares\nPotential shares: 1,300,400 shares\n treasury stock: 37,623 shares\nNet cash realization: expected by end of term\nShareholder return: about 5 billion yen","jir_meta_title":"\u3010ETES Inc.\u3011Progress on Capital Policy | Reduction of Potential Shares and Strengthened Shareholder Returns | August 2026","jir_meta_description":"ETES advances its capital policy. Announces reduction of potential shares, cancellation\/expiration of share options, three-year halt on new share issuances, and approximately 5 billion yen in shareholder returns. Aims to improve financial soundness and EPS.","jir_og_title":"\u3010ETES\u3011Progress on Capital Policy | Reduction of Potential Shares and Shareholder Return Plan","jir_og_description":"ETES reduces potential shares to curb dilution. Strengthens financial soundness with halted share issuances and enhanced shareholder returns, in a capital policy report for August 2026.","jir_og_image_url":"\/assets\/og\/company-general_ir.jpg","jir_chart_data_collection":"[]","ir_related_company":60305,"ir_release_date":"","ir_type":"","ir_is_new":false,"ir_document_url":"","jir_ir_type":"capital_policy","footnotes":""},"sector":[],"importance":[],"class_list":["post-105703","ir_release","type-ir_release","status-publish","hentry"],"yoast_head":"\n