Expansion of the Fuel Sales, FC Card and Real Estate Businesses through a Share Exchange with 宮園砿油
First written in FY2023-Q1. 1 of 2 entries say "Advanced", first in 2026-08-12. Latest entry: 2026-08-12.
0 other companies' latest entry also says "Advanced".
- 2026-08-12AdvancedResults
「In addition, because the importance of 宮園砿油株式会社 increased following the construction of a rental income property in Katsushika Ward, Tokyo, in February 2026, the company has been included in the scope of consolidation from the beginning of the fiscal year.」
宮園砿油株式会社 was included in the scope of consolidation from the beginning of the fiscal year because its importance increased following the construction of a rental income property, in addition to the previous disclosures concerning its status as a wholly owned subsidiary and business expansion. - FY2023-Q1First statedAnnual report
「At a meeting of the Board of Directors held on 13 May 2022, the company resolved to conduct a share exchange with 宮園砿油株式会社, under which the company would become the wholly owning parent company and 宮園砿油 would become the wholly owned subsidiary, and entered into a share exchange agreement. The share exchange was completed on 1 July 2022. As a result of this share exchange, the Group will acquire the high-quality customer base of the 宮園 Group, increasing the volume of gasoline and other products handled by the Group. The Group also operates a real estate business and can provide its expertise, so synergies are expected.」
The company completed the share exchange on 1 July 2022, making 宮園砿油 a wholly owned subsidiary. It expects the volume of gasoline and other products handled to increase through the transfer of customers from the 宮園 Group, along with synergies from providing real estate expertise. A total of 126,904 shares were issued, using treasury shares.