Tokyo Gas to wind up Australian subsidiary, records gains
Tokyo Gas Co., Ltd. (TSE:9531) announced its decision to voluntarily wind up its wholly-owned subsidiary, Tokyo Gas Australia Pty Ltd (TGAU), following the completion of the transfer of its five Australian project holding companies to MidOcean Energy Holdings Pty Ltd in March 2025. The company anticipates recording an extraordinary income of approximately JPY65 billion due to the reversal of foreign currency translation adjustments. Looking ahead, Tokyo Gas plans to establish Tokyo Gas Energy Australia Pty Ltd, a new wholly-owned subsidiary, to explore energy-related businesses beyond upstream activities, aiming for sustainable growth in both Japan and Australia. The winding up and deregistration of TGAU is expected to be completed in 2026.
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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