Tokyo Gas identifying assets to sell to fund investments, president says

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Tokyo Gas identifying assets to sell to fund investments, president says - Channel News Asia

Quick Summary:

The utility aims for a return on equity (ROE) of 8 per cent or higher in the year ending March 2026, up from around 4.8 per cent projected for the current year, and announced a 40 billion yen ($256 million) share buyback plan in October.

Tokyo Gas President Shinichi Sasayama said asset reviews are conducted regularly to improve capital efficiency.

Tokyo Gas's recent securities report values its real estate assets at 580 billion yen, far below Elliott's estimate of over 1 trillion yen, according to the source.