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M&A and Subsidiary Changes1662Japan Petroleum Exploration Co.,Ltd.Energy Resources

(Update on Previously Disclosed Matter) Notice Regarding Recognition of an Extraordinary Gain in Connection with the Transfer of the Gas Manufacturing, Sales and Gas Pipeline Businesses in Hokkaido

In connection with the transfer of the gas production, sales and pipeline businesses in Hokkaido to Hokkaido Electric Power Company,Incorporated, the Company expects to record a ¥31 billion gain on the transfer of the businesses as an extraordinary gain in the fiscal year ending March 2027.

Worth reading
76Important
Scored from 2 of 5 sections
Direction
Improvement
Direction inferred from the company’s description.
Scale
310
¥ hundred million
Wording
Avoiding a definitive answer
How definitive the wording is.

This transaction

This business transfer
CounterpartyHokkaido Electric Power Company,Incorporated
Disclosing companyJapan Petroleum Exploration Co.,Ltd.
Subject of this transaction
Target company

Gas production business, sales business and gas pipeline business

Location Hokkaido
Consideration and expenses
Amount of extraordinary income (loss)Gain on transfer of businesses: ¥31 billion; fiscal year ending March 2027
Impact on Business Performance

Reflected in the Company's consolidated earnings forecast for the fiscal year ending March 2027

This transaction
ItemDetails
Transaction nameThis business transfer
Counterparty nameHokkaido Electric Power Company,Incorporated
Business Description of the Subject CompanyGas production business, sales business and gas pipeline business
Location of the Subject CompanyHokkaido
Amount of extraordinary income (loss)Gain on transfer of businesses: ¥31 billion; fiscal year ending March 2027
Impact on Business PerformanceReflected in the Company's consolidated earnings forecast for the fiscal year ending March 2027
Items this document does not state (26)
Name of the Subject CompanyCapital Stock of the Subject CompanyDate of Establishment of the Subject CompanyNet Sales of the Subject CompanyOperating Profit of the Subject CompanyNet Income of the Subject CompanyNet Assets of the Subject CompanyAcquisition priceExpenses other than the acquisition priceType of ConsiderationMerger ratio/share exchange ratioTender offer priceMinimum number of shares to be purchasedTender offer periodNumber of shares acquiredVoting rights ownership percentageFunding arrangementsGoodwill amountDate of board resolutionContract DateExecution Date / Effective DateValuation methodologyIndependent valuation institutionSpecial CommitteeConditions Precedent to ExecutionManagement structure after acquisition

These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.

The reasons the company gives

The company's own explanation, not something inferred from the numbers.

In connection with the transfer of the businesses, the Company expects to record an extraordinary gain arising from the transfer.

How to read this page

This is not the documentKomori reads the disclosure the company filed and writes this summary. Figures are as stated by the company and are not audited.
Weight is not a verdictIt measures how much this changes what the company had already told the market. It is not a view on the shares.
Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.
(Update on Previously Disclosed Matter) Notice Regarding Recognition of an Extraordinary Gain in Connection with the Transfer of the Gas Manufacturing, Sales and Gas Pipeline Businesses in Hokkaido | Japan Petroleum Exploration Co.,Ltd. (1662) timely disclosure | Komori