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Disclosure9511The Okinawa Electric Power Company,IncorporatedElectricity and gas

Application for Approval of Changes to the Revenue Outlook for Wheeling Supply and Related Services

The Okinawa Electric Power Company, Incorporated applied to the government for approval to increase the revenue outlook for fiscal years 2023 through 2027 by ¥15.7 billion, from ¥346.3 billion to ¥362.1 billion, in order to reflect higher costs, including increases in prices and interest rates, in wheeling charges. Subject to approval, the new wheeling charges are scheduled to take effect on 1 November 2026.

Worth reading
71In focus
Scored from 5 of 6 sections
Direction
Improvement
Direction inferred from the company’s description.
Scale
157
Hundred millions of yen
Wording
Avoiding a definitive answer
How definitive the wording is.

Decision and Details

Application for approval of changes to the revenue outlook for wheeling services and related matters

Decision10 July 2026 (date of application for approval of the change)
Period CoveredCurrent: 5 years, from fiscal year 2023 through fiscal year 2027. Period over which the change will be reflected: November 2026 through March 2028 (1 year and 5 months)
Implementation1 November 2026 (scheduled effective date of the revised wheeling charges)
Going forwardFollowing government review, approval by the Minister of Economy, Trade and Industry, and the subsequent filing of changes to the wheeling service terms and conditions, the new charges are scheduled to take effect on 1 November 2026.
AmountCurrent revenue outlook: ¥346.3 billion; revised revenue outlook: ¥362.1 billion; increase: ¥15.7 billion. The annual average will increase by ¥11.1 billion, from ¥69.3 billion to ¥80.4 billion.
Reason

Because it has become difficult to absorb higher costs resulting from increases in raw material prices, labor costs, logistics costs and interest rates. The change is also intended to maintain the supply chains necessary for stable electricity supply, stronger resilience and the adoption of renewable energy, and to reflect price increases and other factors in transaction prices.

Impact on Business Performance

Earnings are expected to come under very severe pressure from fiscal year 2026 onward. Wheeling charges are scheduled to be set based on the revised revenue outlook.

Decision and Details
ItemDetails
Matter CoveredApplication for approval of changes to the revenue outlook for wheeling services and related matters
Decision Date10 July 2026 (date of application for approval of the change)
Implementation Date1 November 2026 (scheduled effective date of the revised wheeling charges)
Period CoveredCurrent: 5 years, from fiscal year 2023 through fiscal year 2027. Period over which the change will be reflected: November 2026 through March 2028 (1 year and 5 months)
AmountCurrent revenue outlook: ¥346.3 billion; revised revenue outlook: ¥362.1 billion; increase: ¥15.7 billion. The annual average will increase by ¥11.1 billion, from ¥69.3 billion to ¥80.4 billion.
Impact on Business PerformanceEarnings are expected to come under very severe pressure from fiscal year 2026 onward. Wheeling charges are scheduled to be set based on the revised revenue outlook.
ReasonBecause it has become difficult to absorb higher costs resulting from increases in raw material prices, labor costs, logistics costs and interest rates. The change is also intended to maintain the supply chains necessary for stable electricity supply, stronger resilience and the adoption of renewable energy, and to reflect price increases and other factors in transaction prices.
Governing RuleArticle 17-2, Paragraph 4 of the Electricity Business Act; the Ordinance on Revenue Outlooks Relating to Wheeling Services and Related Matters by General Electricity Transmission and Distribution Utilities (RC Ordinance)
Related previous disclosures16 December 2025, 72nd Expert Committee on the Electricity Pricing System, Document 3; November 2021, detailed reference materials for the interim report on the wheeling charge system (revenue cap system)
Future plansFollowing government review, approval by the Minister of Economy, Trade and Industry, and the subsequent filing of changes to the wheeling service terms and conditions, the new charges are scheduled to take effect on 1 November 2026.
Items this document does not state (2)
Decision-Making BodyQuantity / scale

These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.

The reasons the company gives

The company's own explanation, not something inferred from the numbers.

Costs have increased due to changes in the external environment that could not have been anticipated when the original plan was prepared, including higher raw material prices, labor costs, logistics costs and interest rates, making it difficult to absorb the increase through internal efforts alone. Other reasons include maintaining the supply chains necessary for stable electricity supply, stronger resilience and the adoption of renewable energy, and appropriately reflecting price increases and other factors in transaction prices.

How to read this page

This is not the documentKomori reads the disclosure the company filed and writes this summary. Figures are as stated by the company and are not audited.
Weight is not a verdictIt measures how much this changes what the company had already told the market. It is not a view on the shares.
Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.
Application for Approval of Changes to the Revenue Outlook for Wheeling Supply and Related Services | The Okinawa Electric Power Company,Incorporated (9511) timely disclosure | Komori