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The Kansai Electric Power Company (9503) · FactAdvanced

Application of the Accounting Standard for Revenue Recognition

First written in FY2022-Q1. 2 of 3 entries say "Advanced", first in FY2022-Q2. Latest entry: FY2022-Q3.

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ProgressHeldSoftenedWorseFirst statedFY2022-Q1AdvancedFY2022-Q2 – FY2022-Q32021: 220212022: 12022
Same theme, other companies
Presentation Changes for Renewable Energy Surcharges and Grants under the Revised Accounting Regulation for Electric Utility BusinessesA theme 6 companies write about · 1 as a headwind · 1 as a tailwind

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

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Full recordFilings, disclosures and news, newest first
  1. FY2022-Q3AdvancedAnnual report

    「As a result, operating revenue for the cumulative third quarter of the consolidated fiscal year decreased by ¥386,755 million, but the impact on profit before income taxes was immaterial.」

    The decrease in operating revenue resulting from the application of the revenue recognition accounting standard and other relevant standards reached ¥386,755 million for the cumulative period.
  2. FY2022-Q2AdvancedAnnual report

    「As a result, operating revenue for the cumulative second quarter of the consolidated fiscal year decreased by ¥275,515 million, but the impact on profit before income taxes was immaterial.」

    The decrease in operating revenue resulting from the application of the revenue recognition accounting standard and other relevant standards amounted to ¥275,515 million for the cumulative second quarter. The impact on profit before income taxes was described as immaterial.
  3. FY2022-Q1First statedAnnual report

    「We adopted the Accounting Standard for Revenue Recognition (ASBJ Statement No. 29, 31 March 2020; hereinafter, the “Revenue Recognition Standard”) and other relevant standards from the beginning of the first quarter of the current consolidated fiscal year. Revenue is recognized at the amount expected to be received in exchange for the promised goods or services when control of those goods or services is transferred to the customer.」

    The company applied the revenue recognition accounting standard and other relevant standards from the beginning of the first quarter of fiscal 2021, changing its accounting treatment so that the renewable energy surcharge was recorded as a current liability and grants were deducted from the related operating expenses. Operating revenue decreased by ¥136,487 million, but the impact on profit before income taxes was described as immaterial.
Moved together

"Increase in Fuel Costs for Substitute Thermal Power Generation Due to Prolonged Nuclear Power Plant Outages" moved the same way as this thread, in the same document, in 2 of its 3 moves.

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  1. ★This thread
  2. 1Increase in Fuel Costs for Substitute Thermal Power Generation Due to Prolonged Nuclear Power Plant Outages2×
  3. 2Expansion of Information and Communications Services Leveraging Fiber-Optic Infrastructure2×
  4. 3Expansion of Subscriptions to eo Hikari and mineo2×
  5. 4Development of Energy-Efficient Real Estate and Lifestyle-Related Services2×
  6. 5Decline in nuclear capacity utilization and decrease in nuclear power generation2×
  7. 6Impact of the spread of COVID-19 on demand and business revenue2×

★ is this thread; numbers match the list above. The number on a line is how many documents both moved the same way in; lines between the other threads count the documents they moved together in too. Threads that move together often sit closer.

When this could move next
The Kansai Electric Power Company's next results are scheduled for 2026-10-29. Read the earnings preview
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Application of the Accounting Standard for Revenue Recognition | The Kansai Electric Power Company,Incorporated (9503) | Komori