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Tokyo Gas to Transfer Part of Industrial Customer Service Business to TGES

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Tokyo Gas (TYO:9531) said it plans to transfer part of its service business for industrial customers to its wholly owned subsidiary Tokyo Gas Engineering Solutions Corp. through an absorption-type company split, effective April 1, 2027, according to a Tokyo Stock Exchange filing on Monday.

The Tokyo-listed company said that the businesses to be transferred include digital and visualization, water, utility, and cogeneration services, excluding certain operations.

The businesses subject to absorption recorded 166 million yen in sales for the fiscal year ended March, while assets to be transferred totaled 344 million yen, and the transfer is aimed at accelerating nationwide expansion.

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