Tokyo Gas weighing M&As to bolster real estate business, CEO says

Japan's largest retail gas supplier faces demand from activist investor Elliott

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Tokyo Gas President and CEO Shinichi Sasayama said the company's board members often discuss shareholders needs. (Photo by Yuichi Shiga) 

YUICHI SHIGA, Nikkei staff writer

TOKYO -- Tokyo Gas will consider forming alliances or acquiring companies to improve the profitability of its noncore real estate business, the company's president and CEO, Shinichi Sasayama, said in a recent interview with Nikkei Asia.

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