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MarketScreener Homepage  >  Equities  >  Tokyo Stock Exchange  >  Tokyo Gas Co.,Ltd.    9531   JP3573000001

TOKYO GAS CO.,LTD.

(9531)
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Investment in gas distribution company in Indonesia[PDF : 163KB]

11/25/2020 | 11:11pm EST

November 26th, 2020

Investment in gas distribution company in Indonesia

Tokyo Gas Co., Ltd.

Tokyo Gas Asia Pte. Ltd.

Tokyo Gas Asia Pte. Ltd. (President: ENDO yo, hereinafter "Tokyo Gas Asia"), a wholly-owned subsidiary of Tokyo Gas Co., Ltd. (President: UCHIDA takashi, hereinafter "Tokyo Gas"), acquired 33.4% of the shares of an Indonesian gas distribution company, PT Super Energy Tbk (President Director: Agustus Sani Nugroho, hereinafter "SE") from its parent company, PT Super Capital Indonesia (President Director: Agustus Sani Nugroho) on November 25th. Prior to this acquisition, on November 24th, Tokyo Gas Asia acquired approximately 18% of the shares of PT Energy Mina Abadi (President Director: Agustus Sani Nugroho), a subsidiary of SE which also operates gas distribution business. This acquisition is the fifth occasion on which Tokyo Gas has invested in a local gas distribution company globally.

On the back of the world's fourth largest population and stable economic growth, Indonesia's demand for energy is expected to increase over the long term. In order to capture business opportunities, Tokyo Gas opened a representative office in Indonesia in 2015 and has been aggressively expanding its business.

SE company group ("SE Group") is a gas distribution company group mainly based in Java that refines and compresses unutilized gas such as associated gas produced from oil wells and natural gas from small-scale gas fields, and supplies the gas in the form of compressed natural gas (CNG) to industrial customers. SE Group plans to pursue reductions of CO2 emissions in the country by increasing utilization of unused gas and encouraging industrial customers, who consume liquid fossil fuels with high CO2 emissions, to fuel-switch to natural gas.

The Tokyo Gas Group's management vision, "Compass 2030", envisages the expansion and diversification of its global businesses and the realization of a net zero CO2 emission society. We will leverage our technology and expertise in the domestic LNG value chain to support the SE Group and facilitate the penetration of clean energy in Indonesia.

■ Investment Scheme

Tokyo Gas

100%

Tokyo Gas Asia

PT Super Capital Indonesia

Others

33.4%

64.06%

2.54%

PT Super Energy Tbk

approx. 18%

approx. 82%

PT Energy Mina Abadi

■ Summary of PT Super Capital Indonesia

Company Name

PT Super Capital Indonesia

President Director

Agustus Sani Nugroho

Established

February 2008

Headquarter

Republic of Indonesia

Shareholders

Agustus Sani Nugroho (40%), Rheza Susanto (40%), Others (20%)

Main Business

Investment

■ Summary of PT Super Energy Tbk

Company Name

PT Super Energy Tbk

President Director

Agustus Sani Nugroho

Established

May 2011

Headquarter

Republic of Indonesia

Shareholders

PT Super Capital Indonesia (64.6%), Tokyo Gas Asia Pte. Ltd. (33.4%), Others (2%)

Main Business

Refining/Processing/Compression of Associated Gas and Natural Gas, Distribution of

Compressed Natural Gas (CNG)

■ Summary of PT Energy Mina Abadi

Company Name

PT Energy Mina Abadi

President Director

Agustus Sani Nugroho

Established

April 2012

Headquarter

Republic of Indonesia

Shareholders

PT Super Energy Tbk (approx. 82%), Tokyo Gas Asia Pte. Ltd. (approx. 18%)

Main Business

Refining/Processing/Compression of Associated Gas and Natural Gas, Distribution

of Compressed Natural Gas (CNG)

■ Summary of Tokyo Gas Asia Pte. Ltd.

Company Name

Tokyo Gas Asia Pte. Ltd.

President

ENDO yo

Established

December 2014

Headquarter

Republic of Singapore

Shareholders

Tokyo Gas Co., Ltd. (100%)

Main Business

Investment and management throughout Southeast Asia, Supervision of the

representative offices in Southeast Asia

This is an excerpt of the original content. To continue reading it, access the original document here.

Disclaimer

Tokyo Gas Co. Ltd. published this content on 26 November 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 26 November 2020 04:10:05 UTC


© Publicnow 2020
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Net Debt 2021 913 B 8 773 M 8 773 M
P/E ratio 2021 16,3x
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EV / Sales 2022 1,09x
Nbr of Employees 16 591
Free-Float 94,5%
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Takashi Uchida President & Representative Director
Michiaki Hirose Chairman
Masaru Takamatsu Representative Director, EVP & GM-Living Services
Kunio Nohata Representative Director, EVP & GM-Energy Solutions
Kazunori Takami Independent Outside Director
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