Portfolio Optimization in Fiscal 2018–2019 and New Investments from Fiscal 2020 Onward
First written in FY2018. 7 of 10 entries say "Advanced", first in FY2021. Latest entry: FY2026.
0 other companies' latest entry also says "Advanced".
- FY2026AdvancedAnnual report
「We resolved to transfer our gas manufacturing, sales and gas pipeline businesses in Hokkaido to Hokkaido Electric Power Company,Incorporated and entered into a business transfer agreement on the same day.」
As part of the portfolio review, an agreement was signed to transfer the gas production, sales and pipeline businesses in Hokkaido. The transfer price is ¥31.0 billion, the transfer is scheduled for the fiscal year ending March 2027, and production at the Yufutsu oil and gas field and natural gas supply will continue. - FY2026-H1AdvancedAnnual report
「At a management meeting held on 29 May 2025, the Company resolved to transfer all shares in its consolidated subsidiary 株式会社ジャペックスエネルギー (JPE) to アストモスエネルギー株式会社 and entered into a share transfer agreement on the same date. The first share transfer under the agreement was completed on 25 June 2025.」
As part of the portfolio review, a share transfer agreement covering all shares in JPE was signed, and the first share transfer was completed on 25 June 2025. The second transfer is scheduled for 25 December 2025. - FY2025AdvancedAnnual report
「JAPEX Norge AS (J Norge) was made a subsidiary, and Peoria Resources LLC (Peoria) was established to acquire and operate operator assets in the US E&P business, completing preparations to build core assets in the E&P sector. In addition, funds for investment in core asset development were secured through the sale of the low-profit asset JAPEX UK E&P Ltd. and the partial sale of cross-shareholdings.」
Portfolio optimization was translated into concrete measures, including the establishment of a Norwegian subsidiary, preparations to acquire US operator assets, and the sale of low-profit UK assets and cross-shareholdings. - FY2022AchievedAnnual report
「In oil and natural gas E&P, the Canadian shale gas and Canadian oil sands projects were terminated in fiscal 2021 to improve profitability through portfolio optimization, among other objectives.」
As a specific portfolio optimization measure, both the Canadian shale gas and oil sands projects were terminated in fiscal 2021. - FY2022-Q2AdvancedAnnual report
「JML completed on 5 July 2021 the transfer procedures for all of its 10% interest in, and related assets of, the shale gas acreage in the North Montney area of British Columbia, Canada, held by JML, a consolidated subsidiary of the company, to Petronas Energy Canada Ltd., the operator of the acreage. At a board meeting held on 29 July 2021, the company resolved to terminate the Canadian oil sands project promoted by JACOS, whose shares are 100% owned through the company’s consolidated subsidiary カナダオイルサンド株式会社, and to transfer all shares in JACOS to HE Acquisition Corporation, and entered into a share transfer agreement. The transfer procedures were completed on 17 September 2021.」
As part of portfolio optimization, the transfer of the North Montney interests and all shares in JACOS has been completed, marking tangible progress in the reorganization of overseas assets. - FY2021AdvancedAnnual report
「In particular, significant progress was made during the fiscal year, exemplified by the Fukushima Natural Gas-Fired Power Plant of Fukushima Gas Power Co., Ltd., in which the company holds an approximately 33% stake, commencing full commercial operations, and the power business growing into a core business within the infrastructure and utilities segment.」
Specific progress was reported in the creation of non-E&P businesses to be accelerated from fiscal 2020 onward, including the Fukushima Natural Gas-Fired Power Plant commencing full commercial operations and the power business becoming a core business. - FY2020RestatedAnnual report
「During the second stage, from fiscal 2020 onward, we will make full-scale efforts to develop specific new investment projects in the E&P business for sustainable growth and create new businesses in non-E&P fields, using the funds for new investment generated during the first stage.」
The company continues to pursue its two-stage plan to accelerate new E&P investments and the creation of new non-E&P businesses from fiscal 2020 onward. - FY2018First statedAnnual report
「During the first stage, fiscal 2018-2019, we will make optimizing the business portfolio and strengthening our financial position our highest priorities. During the second stage, from fiscal 2020 onward, we will make full-scale efforts to develop specific new investment projects in the E&P business for sustainable growth and create new businesses in non-E&P fields, using the funds for new investment generated during the first stage.」
The medium-term plan is divided into two stages: portfolio optimization and strengthening the financial base in fiscal 2018-2019, followed by new investments and the creation of non-E&P businesses from fiscal 2020 onward.