Accelerating business structure reform and venturing into new areas
First written in FY2019-Q3. 11 of 12 entries say "Advanced", first in FY2019. Latest entry: FY2026.
The whole theme swung hardest in 2024: 2 of 18 companies on the "Worse" side.
7 other companies' latest entry also says "Advanced".
- FY2026AdvancedAnnual report
「While steadily advancing the Australian renewable energy business in which the Company decided to invest in fiscal 2025, it will seek out additional opportunities. In North America, it will dispatch employees to a subsidiary already established locally, study the production and procurement of e-methane and biogas, and accelerate its business activities in North America.」
The pursuit of business portfolio reform and new areas expanded to include an Australian renewable energy business, studies of e-methane and biogas in North America, and the expansion of overseas bases. In regional value creation, the Company also invested in Renoveru Co., Ltd. in March 2026. - 2026-03-31AdvancedManagement plan
「In fiscal 2026, we will enhance renovation proposals through Toho Gas Kurashi Shop, a familiar point of contact for customer consultations, and Wagaie no Meister, a specialist renovation brand.」
For its regional value creation business, the Company indicated that it will enhance renovation proposals and consider entering the condominium renovation business. - FY2025-H1AdvancedAnnual report
「During the current interim accounting period, the Company's number of employees decreased by 205 from the end of the previous fiscal year to 934. This was due in part to the reorganization of the Company's residential and commercial sales divisions effective 1 April 2024, under which some of the business was consolidated into its subsidiaries Toho Gas Life Solutions Co., Ltd. and Toho Gas Energy Engineering Co., Ltd.」
Business portfolio reform progressed further through organizational restructuring, with part of the residential and commercial sales divisions consolidated into 2 subsidiaries effective 1 April 2024. The reporting company's employee count decreased by 205 to 934. - FY2024-Q3AdvancedAnnual report
「During the cumulative third-quarter period, the Company's number of employees decreased by 467 from the end of the previous fiscal year to 1,171. This was due in part to the reorganization of the Company's residential sales division and other units effective 1 October 2023, under which some of the business was consolidated into its subsidiaries Toho Gas Life Solutions Co., Ltd. and Toho Gas Communications Co., Ltd.」
The reorganization of the residential sales division and other units, consolidating part of the business into 2 subsidiaries, was implemented effective 1 October 2023. Business portfolio reform has taken concrete form as a change in organizational operations. - FY2022AdvancedAnnual report
「In addition to utilizing owned assets and the expertise developed through its business operations to date, the Group will actively pursue co-creation with companies in other industries and startups to expand its business fields.」
The pursuit of new areas took concrete form through the utilization of owned assets and expertise and co-creation with companies in other industries and startups, in addition to the existing 4 areas and overseas energy businesses. - FY2022-Q3AdvancedAnnual report
「In addition, Hivi Casa Meieki Nishi, an apartment complex for lease developed by Toho Real Estate Co., Ltd. that was in the planning stage at the end of the previous consolidated fiscal year, was completed in July 2021.」
As part of business portfolio reform, including the utilization of owned real estate, the planned apartment complex for lease was completed in July 2021. - FY2022-Q2AdvancedAnnual report
「Toho Gas Canada Ltd. has been included in the scope of consolidation from the second quarter of the current consolidated accounting period following the acquisition of its shares. The purpose of the transaction is to expand earnings and strengthen raw material procurement. Business combination date 27 July 2021 Voting rights acquired 100%」
The acquisition of a liquefied natural gas business company on Canada's west coast was included in the scope of consolidation from the second quarter, with the expansion into new areas reflected in the accounts. - FY2022-Q1AdvancedAnnual report
「At a meeting of the Board of Directors held on 31 March 2021, the Company resolved to acquire the shares of DIAMOND LNG CANADA INVESTMENT LTD. and make it a subsidiary, and completed the acquisition procedures on 27 July 2021.」
In pursuing new areas and expanding its overseas energy-related business, the Company acquired 100% of a liquefied natural gas business company on the west coast of Canada and completed its conversion into a subsidiary. - FY2021AdvancedAnnual report
「In addition, through the ASMITAS (アスミタス) website, which provides services related to everyday living, the Company will further expand useful services tailored to customers' lifestyles and life stages.」
Progress in pursuing new areas was demonstrated through the expansion of ASMITAS services, the full-scale launch of the specialist renovation store Waga-ya no Meister, and the expansion of energy-related businesses in Japan and overseas. - FY2020AdvancedAnnual report
「The Company acquired the shares because it believed that making Yamasa Co., Ltd. and its 8 subsidiaries consolidated subsidiaries would create further growth through synergies and enable it to contribute more than ever to regional development.」
On 1 April 2019, the Company acquired 100% of Yamasa and its 8 subsidiaries, giving concrete form to the expansion of its LPG and lifestyle support businesses and the strengthening of its community-based businesses. - FY2019AdvancedAnnual report
「The Group will steadily expand its businesses, focusing on 4 areas: comprehensive utility services, renovation, external sales of manufacturing and supply technologies, and utilization of owned real estate. In addition, it will actively develop new businesses that can generate synergies with the energy business. At Minato Aquls, which opened as a new town in September 2018, it began Phase II development work and is promoting community development that will contribute to regional revitalization.」
The 4 areas and new business development were specified as new fields, and Phase II development work at Minato Aquls proceeded after the town opened in September 2018. - FY2019-Q3First statedAnnual report
「Against this backdrop, during the 3 years from fiscal 2019 to fiscal 2021, in addition to prevailing in competition and continuing to achieve growth in the energy business, it will be necessary to accelerate business portfolio reform for the future. Accordingly, the Group formulated a new medium-term management plan covering the 3 years from fiscal 2019 to fiscal 2021. Under the plan, the Group will implement 3 priority strategies, namely further growth in the city gas business, development into a total energy provider and pursuit of new areas, while strengthening its management foundation, thereby further expanding its business fields and achieving sustainable growth.」
In addition to the previous growth measures centered on the city gas business, accelerating business portfolio reform for the future and pursuing new areas were stated for the first time as priority strategies in the new medium-term management plan.