Transformation of Group Structure Following the Legal Separation of the Pipeline Division
First written in FY2020. 3 of 6 entries say "Advanced", first in FY2021-Q3. Latest entry: FY2023-Q3.
0 other companies' latest entry also says "Cited as achieved".
- FY2023-Q3Cited as achievedAnnual report
「On 1 April 2022, the Company transferred its general gas pipeline business and other operations to Tokyo Gas Network Co., Ltd. through a company split.」
The legal separation of the pipeline business was implemented on 1 April 2022, and is cited as a completed transaction in the description of the business. - FY2022AchievedAnnual report
「The Company entered into an absorption-type company split agreement with Tokyo Gas Network Co., Ltd. under which its gas pipeline business and other operations would be transferred to Tokyo Gas Network Co., Ltd. through a company split.」
The transfer of the pipeline business to Tokyo Gas Network Co., Ltd. was implemented on 1 April 2022, following execution of the agreement, approval at the General Meeting of Shareholders and regulatory approval. - FY2022-Q1AdvancedAnnual report
「On 1 April 2021, the Company established Tokyo Gas Network Co., Ltd. as a wholly owned subsidiary to prepare for the split, and entered into an absorption-type company split agreement with it under which the Company's gas pipeline business and other operations would be transferred to the subsidiary, effective 1 April 2022.」
The legal separation of the pipeline business has progressed through the establishment of a wholly owned subsidiary and execution of the absorption-type company split agreement to approval at the General Meeting of Shareholders on 29 June 2021. The effective date was scheduled for 1 April 2022. - FY2021AdvancedAnnual report
「On 1 April 2021, the Company established Tokyo Gas Network Co., Ltd. as a wholly owned subsidiary to prepare for the split, and entered into an absorption-type company split agreement with it under which the Company's gas pipeline business and other operations would be transferred to the subsidiary, effective 1 April 2022.」
The legal separation of the pipeline business has progressed to the establishment of a wholly owned subsidiary and execution of the absorption-type company split agreement. - FY2021-Q3AdvancedAnnual report
「Specifically, the Company planned to establish a pipeline business company as a wholly owned subsidiary and carry out an absorption-type company split under which the split company would transfer the business to the company established to prepare for the split. The establishment of the preparation company and execution of the absorption-type company split agreement were scheduled for April 2021.」
Regarding the legal separation of the pipeline business, the Company presented a specific implementation plan involving the establishment of a wholly owned pipeline business company, an absorption-type company split, and the establishment of the preparation company and execution of the agreement in April 2021. - FY2020First statedAnnual report
「The legal separation of the pipeline business, which accounts for approximately 30% of total assets and employees, will be an opportunity for the Group's structure to change substantially.」
The Company newly stated that the legal separation of the pipeline business would constitute a structural change involving approximately 30% of total assets and employees.