Investment in Vietnam LPG Distribution Business
First written in FY2021-Q1. 1 of 4 entries say "Advanced", first in FY2021-Q2. Latest entry: FY2024.
0 other companies' latest entry also says "Other".
- FY2024Lower investment lossesAnnual report
「Ordinary income was ¥15,531 million, up 16.9% year on year, mainly due to a reduction in the share of losses from equity-method investments.」
The share of losses from equity-method investments, including the Vietnamese LP gas business, decreased from the previous fiscal year. - FY2023Investment losses recognizedAnnual report
「Non-operating income and expenses included an impairment loss on goodwill related to an affiliated company in Vietnam and other items, resulting in a loss of ¥1,629 million, compared with income of ¥113 million in the previous fiscal year.」
Impairment losses on goodwill and other losses were recognized in connection with the investment in the Vietnamese LP gas business. - FY2021-Q2AdvancedAnnual report
「Overseas, in June the Company made MIEN TRUNG GAS JOINT STOCK COMPANY and V-GAS PETROLEUM CORPORATION, which operate LP gas sales businesses in the Socialist Republic of Vietnam, equity-method affiliates and entered the Vietnamese LP gas market.」
The Company made 2 Vietnamese LP gas sales companies equity-method affiliates and entered the Vietnamese LP gas market. - FY2021-Q1First statedAnnual report
「In the same month, the Company acquired 45% of the shares of each of MIEN TRUNG GAS JOINT STOCK COMPANY and V-GAS PETROLEUM CORPORATION, which operate LP gas sales businesses in the Socialist Republic of Vietnam, and made both companies equity-method affiliates.」
In June 2020, the Company acquired 45% of the shares of each of 2 Vietnamese LP gas sales companies and made them equity-method affiliates.