Integration of the LPG Wholesale and Retail Business with Osaka Gas
First written in FY2018-Q1. 2 of 4 entries say "Advanced", first in FY2018-Q2. Latest entry: FY2019-Q2.
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- FY2019-Q2RestatedAnnual report
「The gross profit fell below that of the same period of the previous year because 3 subsidiaries in the Tokyo-Nagoya-Osaka areas became equity-method affiliates as a result of the reorganisation and integration with the Osaka Gas Group in October last year. However, quarterly net income attributable to owners of the company exceeded that of the same period of the previous year because equity-method investment gain or loss improved as some of the losses related to the reorganisation and integration had been recognised in the same period of the previous year.」
Reconfirming the transition of the three companies in the Tokyo, Nagoya and Osaka regions to equity-method affiliates following the restructuring and integration with the Osaka Gas Group, and the impact on their profit and loss. - FY2018-Q3AdvancedAnnual report
「During the 9-month period of the current fiscal year, the Home Life segment established 株式会社エネアーク (hereinafter, "エネアーク") in October last year through a joint investment with Osaka Gas Co., Ltd. (hereinafter, "Osaka Gas"). Sales companies of the Group and the Osaka Gas Group were placed under it, and the Group's acquisition of shares in 3 sales companies of the Osaka Gas Group in Hokkaido and 2 prefectures in Shikoku increased the number of customer households from approximately 344,000 at the end of the second quarter to approximately 540,000 at the end of the third quarter.」
After エネアーク was established, the Group acquired 3 sales companies of the Osaka Gas Group in Hokkaido and Shikoku, increasing the number of customers from approximately 344,000 to approximately 540,000. - FY2018-Q2AdvancedAnnual report
「To strengthen the LPG wholesale and retail businesses in the Kanto, Chubu and Kansai regions, the two companies established the 50-50 joint venture "エネアーク." "エネアーク" holds shares in the 6 LPG sales companies of the two companies in the Kanto, Chubu and Kansai regions and will proceed with their regional integration within the next year. It also aims for further growth, including through partnerships with new business partners.」
The 50-50 joint venture エネアーク with Osaka Gas was established, and the process had advanced to the point where 6 sales companies of the two groups in the Kanto, Chubu and Kansai regions were placed under its umbrella. Regional integration of the sales companies is planned within the next year. - FY2018-Q1First statedAnnual report
「Our company and Osaka Gas Co., Ltd. (hereinafter, "Osaka Gas") agreed on 3 August 2017 to establish a joint venture, 株式会社エネアーク (tentative name; hereinafter, "エネアーク"), owned 50% by each company, effective 1 October 2017, integrate their LPG wholesale and retail businesses in the Kanto, Chubu and Kansai regions, and begin considering further reorganisation. On the same day, the two companies also agreed to transfer to the Enex Group, effective 1 October 2017, all shares held by 日商ＬＰガス株式会社 (a subsidiary of Osaka Gas; hereinafter, "日商ＬＰ") in 3 LPG sales companies.」
This is the first disclosure of a plan to establish a 50-50 joint venture with Osaka Gas in October 2017 and integrate the LPG wholesale and retail businesses in the Kanto, Chubu and Kansai regions. It also indicates plans to proceed with the regional integration of 6 sales companies within the next year and to form additional partnerships with business partners.