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Japex to divest Japex Energy to Astomos Energy

May 29, 2025 at 12:04 PM UTCBy FilingReader AI

Japan Petroleum Exploration (JAPEX, TSE: 1662) announced today its decision to transfer all shares of its consolidated subsidiary, JAPEX Energy, to Astomos Energy. The decision, made at today's board of directors meeting, aligns with JAPEX's medium- to long-term business plan, "JAPEX Management Plan 2022-2030," initiated in March 2022. The divestiture supports JAPEX's strategic shift toward contributing to a carbon-neutral society and strengthening its revenue base through portfolio optimization.

This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com

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