Japan companies reap nearly $56bn from 3 years divesting

Tokyo Gas, Eneos, Mitsubishi among the biggest seeking capital efficiency

Tokyo Gas has sold its interest in four liquefied natural gas projects as it shifts resources toward areas such as decarbonization. © Reuters

KENTARO TSUTSUMI, Nikkei staff writer

September 13, 2024 05:16 JST

TOKYO -- Japanese listed companies earned almost 8 trillion yen ($56 billion) from selling shares in subsidiaries and affiliates over the past three years, the highest tally since the 2008 global financial crisis, as they sought to put shareholder money to better use.