Recognition of Subsidies under the Fuel Oil Price Mitigation Program as Revenue
First written in FY2023-Q1. . Latest entry: FY2026.
1 other company's latest entry also says "Other".
- FY2026Decrease in fuel oil subsidiesAnnual report
「In addition, a domestic subsidiary received ¥419,879 million in subsidies under the Fuel Oil Price Mitigation Program implemented by the Japanese government (¥827,990 million in the previous consolidated fiscal year).」
Revenue recognized from fuel oil price mitigation subsidies decreased from ¥827.99 billion in the previous fiscal year to ¥419.879 billion. - FY2026-H1Sharp decline in fuel oil subsidiesAnnual report
「In addition, a domestic subsidiary received ¥147,764 million in subsidies under the Fuel Oil Price Mitigation Program implemented by the Japanese government (¥494,341 million in the previous interim consolidated accounting period).」
Revenue recognized from subsidies under the Fuel Oil Price Mitigation Program decreased from ¥494.341 billion in the same period of the previous year to ¥147.764 billion. - FY2025Fuel oil subsidies remain at a high levelAnnual report
「Subsidies received under the Fuel Oil Price Mitigation Program: ¥827,990 million (¥830,117 million in the previous consolidated fiscal year)」
Revenue recognized from fuel oil subsidies was ¥827.99 billion, broadly unchanged from the previous fiscal year, while subsidies for electricity, gas and other items were also recognized. - FY2025-H1Increase in fuel oil subsidies recognized in the first halfAnnual report
「In addition, revenue from other sources included in net sales includes ¥95,411 million (¥141,735 million in the previous interim consolidated accounting period) generated by the trading of petroleum products and other items at a U.S. subsidiary.」
Subsidies under the Fuel Oil Price Mitigation Program amounted to ¥494,341 million, up from ¥284,716 million in the same period of the previous year. In addition, ¥2,944 million in electricity and gas price mitigation subsidies and ¥163 million in emergency support to help people cope with extreme heat were recognized. - FY2024Decrease in fuel oil subsidies; electricity and gas subsidies continuedAnnual report
「Subsidies received under the Fuel Oil Price Mitigation Program: ¥830,117 million (¥1,298,083 million in the previous consolidated fiscal year), and subsidies received under the Electricity and Gas Price Mitigation Program: ¥27,444 million」
Revenue recognized from fuel oil subsidies decreased from ¥1,298.1 billion in the previous fiscal year to ¥830.1 billion, while electricity and gas subsidies increased to ¥27.4 billion. - FY2024-Q3Decrease in cumulative fuel oil subsidy recognition; electricity and gas subsidies continuedAnnual report
「In addition, at a domestic subsidiary, subsidies of ¥595,256 million received under the Fuel Oil Price Mitigation Program, a measure launched in January 2022 under the Japanese government’s Comprehensive Emergency Measures to Address Soaring Crude Oil Prices and Inflation during the COVID-19 pandemic, compared with ¥1,102,828 million in the previous third-quarter cumulative consolidated period, and subsidies of ¥22,055 million received under the Electricity and Gas Price Mitigation Program, launched in January 2023, were accounted for in accordance with IAS 20, Accounting for Government Grants and Disclosure of Government Assistance, and included in revenue.」
Third-quarter cumulative fuel oil subsidies recognized as revenue decreased from ¥1,102.8 billion in the same period of the previous year to ¥595.3 billion. Meanwhile, electricity and gas price mitigation subsidies of ¥22,055 million were recognized. - FY2024-Q2Decrease in first-half fuel oil subsidy recognition; electricity and gas subsidies continuedAnnual report
「In addition, at a domestic subsidiary, subsidies of ¥284,716 million received under the Fuel Oil Price Mitigation Program, a measure launched in January 2022 under the Japanese government’s Comprehensive Emergency Measures to Address Soaring Crude Oil Prices and Inflation during the COVID-19 pandemic, compared with ¥752,286 million in the previous second-quarter cumulative consolidated period, and subsidies of ¥17,997 million received under the Electricity and Gas Price Mitigation Program, launched in January 2023, were accounted for in accordance with IAS 20, Accounting for Government Grants and Disclosure of Government Assistance, and included in revenue.」
First-half fuel oil subsidies recognized as revenue decreased from ¥752,286 million in the same period of the previous year to ¥284,716 million, while electricity and gas price mitigation subsidies of ¥17,997 million were recognized. - FY2024-Q1Decrease in quarterly fuel oil subsidy recognition; electricity and gas subsidies continuedAnnual report
「In addition, at a domestic subsidiary, subsidies of ¥134,675 million received under the Fuel Oil Price Mitigation Program, a measure launched in January 2022 under the Japanese government’s Comprehensive Emergency Measures to Address Soaring Crude Oil Prices and Inflation during the COVID-19 pandemic, compared with ¥335,992 million in the previous first-quarter cumulative consolidated period, and subsidies of ¥7,692 million received under the Electricity and Gas Price Mitigation Program, launched in January 2023, were accounted for in accordance with IAS 20, Accounting for Government Grants and Disclosure of Government Assistance, and included in revenue.」
Fuel oil subsidies recognized as revenue decreased from ¥335,992 million in the same period of the previous year to ¥134,675 million, while electricity and gas price mitigation subsidies of ¥7,692 million were newly recognized. - FY2023Increase in fuel oil subsidies recognized as revenueAnnual report
「Subsidies of ¥1,298,083 million received under the Fuel Oil Price Mitigation Program, launched in January 2022, compared with ¥87,046 million in the previous consolidated fiscal year, and subsidies of ¥7,681 million received under the Electricity and Gas Price Mitigation Program, launched in January 2023, were accounted for in accordance with IAS 20, Accounting for Government Grants and Disclosure of Government Assistance, and included in revenue.」
Fuel oil subsidies recognized as revenue increased from ¥87.0 billion in the previous fiscal year to ¥1,298.1 billion, while electricity and gas price mitigation subsidies were also newly recognized. - FY2023-Q3Increase in fuel oil subsidies recognized as revenueAnnual report
「In addition, at a domestic subsidiary, subsidies received under the Fuel Oil Price Mitigation Program, a measure launched in January 2022 under the Japanese government’s Comprehensive Emergency Measures to Address Soaring Crude Oil Prices and Inflation during the COVID-19 pandemic, were accounted for in accordance with IAS 20, Accounting for Government Grants and Disclosure of Government Assistance. ¥1,102,828 million was included in revenue.」
Subsidies under the Fuel Oil Price Mitigation Program increased from ¥752,286 million on a cumulative second-quarter basis to ¥1,102,828 million on a cumulative third-quarter basis and were included in revenue. The amount received continued to be reflected in full in wholesale prices. - FY2023-Q2Increase in fuel oil subsidies recognized as revenueAnnual report
「In addition, at a domestic subsidiary, subsidies received under the Fuel Oil Price Mitigation Program, a measure launched in January 2022 under the Japanese government’s Comprehensive Emergency Measures to Address Soaring Crude Oil Prices and Inflation during the COVID-19 pandemic, were accounted for in accordance with IAS 20, Accounting for Government Grants and Disclosure of Government Assistance. ¥752,286 million was included in revenue.」
Subsidies under the Fuel Oil Price Mitigation Program increased from ¥335,992 million on a cumulative first-quarter basis to ¥752,286 million on a cumulative second-quarter basis and were included in revenue. The amount received continued to be reflected in full in wholesale prices. - FY2023-Q1First statedAnnual report
「At a domestic subsidiary, subsidies received under the Fuel Oil Price Mitigation Program, a measure launched in January 2022 under the Japanese government’s Comprehensive Emergency Measures to Address Soaring Crude Oil Prices and Inflation during the COVID-19 pandemic, were accounted for in accordance with IAS 20, Accounting for Government Grants and Disclosure of Government Assistance. ¥335,992 million was included in revenue. In addition, the full amount of the subsidies received was appropriately reflected in wholesale prices in line with the purpose of the program.」
For the first time, the company disclosed its accounting and pricing treatment of ¥335,992 million in subsidies under the Fuel Oil Price Mitigation Program, including the full amount received in revenue and reflecting it entirely in wholesale prices.