April 27, 2022
Tokyo Gas Reaches Share Sale Agreement with Iwatani
society
Tokyo Gas Co., Ltd.
Tokyo Gas Co., Ltd. (Chairman: UCHIDA Takashi, hereinafter “Tokyo Gas”) has agreed to transfer all interests in Tokyo Gas Energy Co., Ltd. (Chairman: NAKAMURA Hisashi, hereinafter “TG Energy”) (66.6% of outstanding shares) and Tokyo Gas LPG Terminal Co., Ltd. (Chairman: NAKAMURA Hisashi) (49.0% of outstanding shares) held by Tokyo Gas Liquid Holdings Co., Ltd. (Chairman: YASUOKA Satoru) to Iwatani Corporation (Chairman: MAJIMA Hiroshi, hereinafter “Iwatani”), and entered into a share sale agreement with Iwatani. The share transfer agreement is expected to be finalized by June 2022.
Since its founding in 1960, TG Energy has provided complete solutions with liquefied petroleum gas (LPG), a distributed energy, to its customers in the Kanto and Tokyo metropolitan areas. In recent years, while promoting the shift to smart meters, TG Energy has improved the efficiency of logistics networks, contributing to the realization of a sustainable society.
When TG Energy joins the Iwatani Group, which operates the LPG business across Japan, a wide range of synergy effects can be expected, including steady supply of LPG as well as increased business efficiency and logistics. and streamlined business operations, by strengthening the linkage of gas supply, wholesale and sales functions between the two companies. Considering these synergy effects, Tokyo Gas and Iwatani have reached an agreement on this share transfer.
The Tokyo Gas Group will continue to contribute to achieving carbon neutrality, while aiming to build an optimal business portfolio as a leader in promoting the diffusion and expansion of gas-based energy in Japan and abroad.
*Tokyo Gas Energy Co., Ltd. and Tokyo Gas LPG Terminal Co., Ltd. will change their company name following the transfer of shares.
Tokyo Gas Liquid Holdings Co., Ltd.
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Activity area |
A holding company |
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Establishment |
April 2016 |
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Representing |
YASUOKA Satoru |
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Address |
Shiba B-6F Park Building, 2-4-1 Shibakoen, Minato-ku, Tokyo |
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Number of employees |
4*1 |
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Affiliated companies |
Tokyo Gas Chemicals Co., Ltd., Tokyo Gas Energy Co., Ltd., Japan Super Freeze Co., Ltd., Gascrew Corporation |
Tokyo Gas Energy Co., Ltd.
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Activity area |
Wholesale of liquefied petroleum gas (LPG) (including distributors), direct sale of LPG (to households, businesses, local authorities and industries), sale of LPG for cars and other businesses ( sale of gas appliances, installation work, etc.) .) |
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Establishment |
February 1960 |
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Representing |
NAKAMURA Hisashi |
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Address |
Shiba B-6F Park Building, 2-4-1 Shibakoen, Minato-ku, Tokyo |
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Number of employees |
273*1 |
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Affiliated companies |
Enelife Carrier Co., Ltd., Tokyo Auto Gas Co., Ltd., Tokyo Gas LPG Terminal Co., Ltd. |
Tokyo Gas LPG Terminal Co., Ltd.
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Activity area |
LPG Storage and Shipping |
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Establishment |
August 2004 |
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Representing |
NAKAMURA Hisashi |
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Address |
Shiba B-6F Park Building, 2-4-1 Shibakoen, Minato-ku, Tokyo |
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Number of employees |
16*1 |
*1: As of April 2022
Warning
Tokyo Gas Co.Ltd. published this content on April 27, 2022 and is solely responsible for the information contained therein. Distributed by Audienceunedited and unmodified, on April 27, 2022 05:04:17 UTC.
Public now 2022
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Trends Technical Analysis TOKYO GAS CO., LTD
| Short term | Middle term | Long term | |
| Tendencies | Neutral | Bullish | Bullish |
Evolution of the income statement
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To sell  To buy |
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| Medium consensus | TO BUY |
| Number of analysts | 5 |
| Last closing price | ¥2,293.00 |
| Average target price | ¥2,737.50 |
| Average Spread / Target | 19.4% |
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