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TOEL ＜3361＞ Makes Housing Remodeling A-Works a Subsidiary

Summary by M＆A Online
In addition to its main LP gas sales, TOEL, which develops the remodeling business, plans to expand services for the target business by making A-works (Saitama City), which handles housing remodeling work and restoration work to its original state, a subsidiary. A-works has sales of 449 million yen, operating income of 18.4 million yen, and net assets of 94.9 million yen (fiscal year ending 2025/8).
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M＆A OnlineM＆A Online

TOEL ＜3361＞ Makes Housing Remodeling A-Works a Subsidiary

In addition to its main LP gas sales, TOEL, which develops the remodeling business, plans to expand services for the target business by making A-works (Saitama City), which handles housing remodeling work and restoration work to its original state, a subsidiary. A-works has sales of 449 million yen, operating income of 18.4 million yen, and net assets of 94.9 million yen (fiscal year ending 2025/8).

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M＆A Online broke the news on Wednesday, October 14, 2026.
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