The company has been approved to receive a subsidy of up to 8,015 million yen from the Japanese government's FY2025 Decarbonization Growth-type Economic Structure Transition Promotion Subsidy program for a new power generation facility project capable of handling high-chlorine fuel and replacing coal boilers. The subsidy will be received in installments starting from Q4 FY2026, with accounting treatment using the direct reduction method, resulting in recognition of national treasury subsidy income of 8,015 million yen and fixed asset compression loss as special gains and losses when the facility becomes operational in FY2031.
¥8.0bn
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Summary
The company has been approved to receive a subsidy of up to 8,015 million yen from the Japanese government's FY2025 Decarbonization Growth-type Economic Structure Transition Promotion Subsidy program for a new power generation facility project capable of handling high-chlorine fuel and replacing coal boilers. The subsidy will be received in installments starting from Q4 FY2026, with accounting treatment using the direct reduction method, resulting in recognition of national treasury subsidy income of 8,015 million yen and fixed asset compression loss as special gains and losses when the facility becomes operational in FY2031.
Counterparty: Japanese Government (Ministry of Economy, Trade and Industry)