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Itochu Enex (8133) · FactChanges to the subsidy program’s name and eligible items

Presentation of Subsidies under the Fuel Oil Price Mitigation Program in Revenue

First written in FY2023-Q1. 2 of 6 entries say "Restated". Latest entry: FY2026-H1.

6entries
4years
0from disclosures
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How it moved
ProgressHeldSoftenedWorseFirst statedFY2023-Q1 – FY2023-Q3RaisedFY2023OtherFY2024-Q3 – FY2026-H12022: 120222023: 220232024: 220242025: 12025
Same theme, other companies
Recognition of Fuel Oil Price Volatility Mitigation Measures subsidies in revenueA theme 2 companies write about · 0 as a headwind · 2 as a tailwind

1 other company's latest entry also says "Other".

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Full recordFilings, disclosures and news, newest first
  1. FY2026-H1Changes to the subsidy program’s name and eligible itemsAnnual report

    「In addition, the Industrial Business segment includes subsidies under the Japanese government’s Fixed Fuel Oil Price Reduction Measures. The Power and Utilities segment includes subsidies under the Japanese government’s Electricity and Gas Cost Relief Support Program.」

    The subsidies presented in the interim period changed from those previously reported under the Fuel Oil Price Volatility Mitigation Program, the Electricity and Gas Price Volatility Mitigation Program, and the extreme-heat measures to subsidies under the Fixed Fuel Oil Price Reduction Measures and the Electricity and Gas Cost Relief Support Program.
  2. FY2025-H1Additional presentation of subsidies for measures addressing extreme heatAnnual report

    「In addition, the Industrial Business segment includes subsidies under the Fuel Oil Price Volatility Mitigation Program, a policy implemented by the Japanese government under its Comprehensive Emergency Measures to Address Crude Oil Prices, Rising Prices, and Other Issues. The Power and Utilities segment includes subsidies under the Electricity and Gas Price Volatility Mitigation Program, as well as subsidies under the Emergency Support Program to Help People Cope with Extreme Heat.」

    In addition to the existing measures to mitigate volatility in fuel oil and electricity and gas prices, the company presents subsidies under the Emergency Support Program to Help People Cope with Extreme Heat as revenue.
  3. FY2024-Q3RestatedAnnual report

    「In addition, the Industrial Business segment includes subsidies received under the Fuel Oil Price Volatility Mitigation Program, a measure implemented by the Japanese government under its Comprehensive Emergency Measures to Address Crude Oil Prices, Rising Prices, and Other Issues amid the COVID-19 pandemic. The Power and Utilities segment also includes subsidies under the Electricity and Gas Price Volatility Mitigation Program, a policy implemented under the Japanese government’s Comprehensive Economic Measures to Overcome Rising Prices and Achieve Economic Recovery, as well as subsidies related to its electricity-saving program under the Electricity Usage Efficiency Promotion Program.」

    The company has continued to present subsidies under the Fuel Oil Price Volatility Mitigation Program, the Electricity and Gas Price Volatility Mitigation Program, and the electricity-saving program as revenue.
  4. FY2023RaisedAnnual report

    「In addition, the Industrial Business segment includes subsidies under the Fuel Oil Price Volatility Mitigation Program, a policy implemented by the Japanese government under its Comprehensive Emergency Measures to Address Crude Oil Prices, Rising Prices, and Other Issues. The Power and Utilities segment includes subsidies under the Electricity and Gas Price Volatility Mitigation Program, a policy implemented under the Japanese government’s Comprehensive Economic Measures to Overcome Rising Prices and Achieve Economic Recovery, as well as subsidies related to its electricity-saving program under the Electricity Usage Efficiency Promotion Program.」

    In addition to the previously presented subsidies under the Fuel Oil Price Volatility Mitigation Program, the company presents subsidies under the Electricity and Gas Price Volatility Mitigation Program and the electricity-saving program as revenue.
  5. FY2023-Q3RestatedAnnual report

    「In addition, the Industrial Business segment includes subsidies received under the Fuel Oil Price Volatility Mitigation Program, a measure implemented by the Japanese government under its Comprehensive Emergency Measures to Address Crude Oil Prices, Rising Prices, and Other Issues amid the COVID-19 pandemic. The subsidies are accounted for in accordance with IAS 20, Accounting for Government Grants and Disclosure of Government Assistance, and presented as revenue in the condensed interim consolidated statement of comprehensive income.」

    The company has continued to present subsidies under the Fuel Oil Price Volatility Mitigation Program as revenue in accordance with IAS 20.
  6. FY2023-Q1First statedAnnual report

    「In addition, the Industrial Business segment includes subsidies received under the Fuel Oil Price Volatility Mitigation Program, a measure implemented by the Japanese government under its Comprehensive Emergency Measures to Address Crude Oil Prices, Rising Prices, and Other Issues amid the COVID-19 pandemic. The subsidies are accounted for in accordance with IAS 20, Accounting for Government Grants and Disclosure of Government Assistance, and presented as revenue in the condensed interim consolidated statement of comprehensive income.」

    Subsidies received by the Industrial Business segment under the Fuel Oil Price Volatility Mitigation Program are presented as revenue in accordance with IAS 20.
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Itochu Enex's next results are scheduled for 2026-10-30. Read the earnings preview
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