Completed a treasury stock acquisition of about 1 billion yen. Going forward, we will compare five capital allocation options and allocate to M&A and treasury stock acquisitions. For the use of the acquired shares, we are considering cancellation, consideration for M&A, and stock-based compensation, among others. FY27 adjusted EBITDA target is 1.25 billion yen. We present growth strategies for FY25\u2013FY27, with household electricity switching and AI inspection as growth drivers.<\/p>\n","protected":false},"comment_status":"open","ping_status":"closed","template":"","meta":{"Ticker":"","DATE":"","longName":"","company_name_ja":"","fullTimeEmployees":0,"address":"","phone":"","website":"","industry":"","sector":"","regularMarketPrice":0,"financialCurrency":"","marketCap":0,"fiftyTwoWeekLow":0,"fiftyTwoWeekHigh":0,"epsTrailingTwelveMonths":0,"epsForward":0,"bookValue":0,"totalRevenue":0,"OperatingIncome":0,"operatingMargins":0,"NetIncome":0,"profitMargins":0,"ebitda":0,"trailingPE":0,"forwardPE":0,"priceToBook":0,"returnOnEquity":0,"recommendationMean":0,"recommendationKey":"","targetMeanPrice":0,"numberOfAnalystOpinions":0,"analyst_earnings_data":"","dividendRate":0,"dividendYield":0,"payoutRatio":0,"totalEsg":0,"environmentScore":0,"socialScore":0,"governanceScore":0,"title":"","providerPublishTime":"","link":"","longBusinessSummary":"","longBusinessSummary_ja":"","quarterly_revenue":0,"quarterly_net_income":0,"quarterly_operating_profit":0,"enterprise_value":0,"company_officer_1_name":"","company_officer_1_title":"","company_officer_2_name":"","company_officer_2_title":"","company_officer_3_name":"","company_officer_3_title":"","company_officer_4_name":"","company_officer_4_title":"","company_officer_5_name":"","company_officer_5_title":"","company_officers_update_time":"","get_dividend_history_year1":0,"get_dividend_history_year2":0,"get_dividend_history_year3":0,"get_dividend_history_year4":0,"get_dividend_history_year5":0,"get_dividend_history_year6":0,"get_dividend_history_year7":0,"get_dividend_history_year8":0,"get_dividend_history_year9":0,"get_dividend_history_year10":0,"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"jir_stock_code":"4169","jir_company_name":"ENECHANGE Limited","jir_importance":"\u2605\u2605\u2605\u2605\u2606","jir_publication_date":"2026-09-09","jir_source_link":"https:\/\/japanir.jp\/wp-content\/uploads\/2026\/09\/4169-20260909-02.pdf","jir_short_summary":"Completed a treasury stock acquisition of about 1 billion yen. Going forward, we will compare five capital allocation options and allocate to M&A and treasury stock acquisitions. For the use of the acquired shares, we are considering cancellation, consideration for M&A, and stock-based compensation, among others. FY27 adjusted EBITDA target is 1.25 billion yen. We present growth strategies for FY25\u2013FY27, with household electricity switching and AI inspection as growth drivers.","jir_summary":"### Overview of Capital Policy\nThis document outlines the overall picture of our capital policy and confirms the policy of evaluating the most returns-per-yen option for each additional one-yen investment. By leveraging the cash generation from our existing businesses and reinvesting in growth opportunities without relying on external funding, we completed a treasury stock acquisition of 1 billion yen. The use of acquired shares is being considered in a diverse manner, including as consideration for M&A, for stock-based compensation, and for cancellation, and we will select the most value-adding use.\n\n### Future Allocation and Growth Strategy\nWe will periodically compare five capital allocation options and execute capital allocation including M&A investment and treasury stock acquisition. Targeting FY27 adjusted EBITDA of 1.25 billion yen, we will drive growth centered on corporate electricity switching and AI inspection. Household electricity switching will continue as a cash cow, while AI inspection will focus on on-site digital transformation and cross-selling enhancements.","jir_financial_highlights":"Total treasury stock acquired: 3,245,700 shares (Cost 999,970,800 yen)\nDuration of treasury stock acquisition: 2026-08-10 to 2026-08-21 (Completed)\nTotal amount of acquired shares: 999,970,800 yen (Approximately 81.1% of the planned ~1 billion yen)\nFY27 adjusted EBITDA target: 1.25 billion yen (Set on a premise)\nROE estimation: FY26 ~11.5%, after FY26 ~14.5% (Estimated value)","jir_category":"","jir_hashtags":"#ENECHANGECapitalPolicy, #TreasuryStockAcquisition, #CapitalAllocation, #AIInspection, #HouseholdElectricitySwitching","jir_key_figures":"Treasury stock acquired: 3,245,700 shares\nTotal amount acquired: 999,970,800 yen\nAcquisition period: 2026-08-10 to 2026-08-21","jir_meta_title":"\u3010ENECHANGE Limited\u3011Latest Trends in Capital Policy | September 2026","jir_meta_description":"Summary of ENECHANGE's latest capital policy developments. Completion of a 1 billion yen treasury stock acquisition; evaluating capital allocation including M&A and shareholder returns. FY27 EBITDA target is 1.25 billion yen.","jir_og_title":"ENECHANGE Capital Policy Latest Trends | September 2026","jir_og_description":"Explain completion of treasury stock acquisition and forthcoming capital allocation policy. Growth areas in AI inspection and household electricity switching to drive FY27 EBITDA target.","jir_og_image_url":"\/assets\/og\/company-capital_policy.jpg","jir_chart_data_collection":"[]","ir_related_company":58659,"ir_release_date":"","ir_type":"","ir_is_new":false,"ir_document_url":"","jir_ir_type":"capital_policy","footnotes":""},"sector":[],"importance":[],"class_list":["post-111787","ir_release","type-ir_release","status-publish","hentry"],"yoast_head":"\n