HIROSHIMA GAS Co.,Ltd.
Notice Regarding Expected Recognition of Non-operating Income Due to Dissolution and Liquidation of an Equity-Method Affiliate
The Board resolved to dissolve and liquidate the equity-method affiliate TSH Birdsboro LLC. Liquidation completion is expected in 2027. Upon dissolution, the company will be excluded from equity-method affiliates and non-operating income is expected to be recorded.
Key Figures
- Date of decision to dissolve and liquidate: 2026-10-23
- Expected timing of liquidation completion: Expected in 2027
- Affiliate: TSH Birdsboro LLC (investment ratio: three companies each holding 1/3)
AI要約
Overview of Dissolution and Liquidation
HIROSHIMA GAS Co.,Ltd. resolved at the Board of Directors meeting to dissolve and liquidate its equity-method affiliate TSH Birdsboro LLC. TSH had invested in a U.S. gas-fired power generation business through SBL, but chose dissolution due to the termination of the U.S. business. The dissolution and liquidation will proceed in accordance with U.S. law, and the liquidation is expected to conclude in 2027.
Future Impact and Outlook
As a result of TSH's dissolution and liquidation, HIROSHIMA GAS Co.,Ltd. will exclude the company from its equity-method affiliates and expects to record non-operating income. The impact on consolidated results for the fiscal year ending March 2027 is currently under examination, and any additional disclosures will be announced as necessary.
HIROSHIMA GAS Co.,Ltd.
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