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The latest update is out from TOKYO GAS Co ( (JP:9531) ).
Tokyo Gas Co., Ltd. has announced a corporate demerger to streamline its operations by transferring the assets and obligations of its electric power generation business at the Sodegaura Power Plant to its wholly owned subsidiary, Tokyo Gas Colza Power Co., Ltd. This strategic move, effective July 1, 2025, aims to consolidate resources and enhance operational efficiency, with no expected changes in share capital or issues in fulfilling obligations post-demerger.
More about TOKYO GAS Co
Tokyo Gas Co., Ltd. operates in the energy sector, primarily focusing on the gas business and related activities. The company is involved in electric power generation, supply, and sales through its subsidiary, Tokyo Gas Colza Power Co., Ltd.
YTD Price Performance: 24.09%
Average Trading Volume: 165
Technical Sentiment Signal: Sell
Current Market Cap: $12.96B
See more insights into 9531 stock on TipRanks’ Stock Analysis page.