Osaka Gas (9532) · InitiativeAchieved
Spin-off of the General Gas Pipeline Business and Ensuring Neutrality
First written in FY2021. 1 of 3 entries say "Advanced", first in FY2022-Q1. Latest entry: FY2022.
3entries
2years
0from disclosures
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Same theme, other companies
Legal Separation of Power Transmission and Distribution and City Gas Pipeline OperationsA theme 4 companies write about · 0 as a headwind · 1 as a tailwind
2 other companies' latest entry also says "Achieved".
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Full recordFilings, disclosures and news, newest first
- FY2022AchievedAnnual report
「This absorption-type company split took effect on 1 April 2022.」
The absorption-type company split transferring the general gas pipeline business and related operations to 大阪ガスネットワーク株式会社 took effect on 1 April 2022, completing the legal separation. - FY2022-Q1AdvancedAnnual report
「The relevant proposals for this absorption-type company split were approved at the 203rd Annual General Meeting of Shareholders held on 25 June 2021.」
Shareholder approval was obtained for the absorption-type company split transferring the general gas pipeline business to 大阪ガスネットワーク株式会社. The effective date was scheduled for 1 April 2022, subject to approval by the relevant government authorities. - FY2021First statedAnnual report
「Pursuant to a resolution of the Board of Directors meeting held on 23 April 2021, we decided to transfer our general gas pipeline business and related operations to 大阪ガスネットワーク株式会社, established on 1 April 2021, through a company split scheduled for 1 April 2022, and on the same day entered into an absorption-type company split agreement with the company.」
As a regulatory response to ensure neutrality in the gas pipeline business, we disclosed for the first time a plan to establish a wholly owned subsidiary and transfer the general gas pipeline business and related operations through an absorption-type company split scheduled for 1 April 2022.