Legal Separation and Spin-Off of the Transmission and Distribution Business in April 2020
First written in FY2017. 4 of 7 entries say "Restated". Latest entry: FY2022-Q2.
7 other companies' latest entry also says "Restated".
- FY2022-Q2RestatedAnnual report
「While further ensuring the neutrality of the transmission and distribution business, the company supplies electricity supporting the foundations of daily life and industry, primarily throughout the Kansai region.」
The company continues its policy of supplying electricity while ensuring neutrality after the spin-off of the transmission and distribution business. - FY2022-Q1RestatedAnnual report
「While further ensuring the neutrality of the transmission and distribution business, the company supplies electricity supporting the foundations of daily life and industry, primarily throughout the Kansai region.」
The company states its policy of continuing to ensure neutrality and stable electricity supply after the spin-off of the transmission and distribution business. - FY2021-Q3RestatedAnnual report
「On 1 April 2020, the company transferred the general transmission and distribution business it operated to "関西電力送配電株式会社" through a corporate split.」
The transfer and corporate spin-off of the general transmission and distribution business as of 1 April 2020 continue to be confirmed in the business description and business combination notes. - FY2021-Q1AchievedAnnual report
「On 1 April 2020, the company transferred the general transmission and distribution business it operated to "関西電力送配電株式会社" through a corporate split.」
As of 1 April 2020, the general transmission and distribution business was transferred to "関西電力送配電株式会社". - FY2020-Q1AdvancedAnnual report
「Pursuant to a resolution of the board of directors dated 25 April 2019, the company decided that, on 1 April 2020 (予定), it would transfer the general transmission and distribution business it operates to "関西電力送配電株式会社" through a corporate split. On the same date, it entered into an absorption-type company split agreement with the successor company, and the related proposals were approved at the 95th annual general meeting of shareholders held on 21 June 2019.」
Regarding the legal separation of the transmission and distribution business, the company had progressed through the establishment of a wholly owned subsidiary, execution of the absorption-type company split agreement and shareholder approval, with 1 April 2020 scheduled as the effective date. - FY2018RestatedAnnual report
「While responding to the change resulting from the corporate spin-off of the transmission and distribution business, the company will establish a structure to further accelerate initiatives aimed at achieving the medium-term management plan, entrench work-style reform and health-oriented management as part of its organisational culture, and continue to practise management that values people.」
On the premise of spinning off the transmission and distribution business, the company continues to develop the structure needed to achieve the medium-term management plan. - FY2017First statedAnnual report
「To achieve the legally required legal separation of the transmission and distribution business in April 2020, the company intends to spin off the transmission and distribution business while ensuring neutrality, and to continue operating the integrated energy business, including the electricity and gas businesses, as a single entity. The company will proceed with detailed consideration of the organisational structure.」
The company set out a direction of spinning off the transmission and distribution business while operating the integrated energy business as a single entity, with April 2020 as the deadline.