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Financial Results Presentation9511The Okinawa Electric Power Company,IncorporatedElectricity and gas

Overview of financial results for the second quarter (interim period) of FY2026

In the interim period of FY2026, revenue increased 1.5% year on year, while operating profit, ordinary profit and net income turned into losses due to higher fuel prices and increased repair expenses following typhoons. The full-year revenue forecast was revised upward, while profit forecasts were revised downward, and the annual dividend forecast was increased from ¥30 to ¥50.

Worth reading
69In focus
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Direction
Mixed performance
Direction inferred from the company’s description.
Scale
-12372
¥ million (year-on-year change in consolidated ordinary profit)
Wording
Conditional
How definitive the wording is.

Contents of this document

Financial Results PresentationFY2026 second quarter (interim period)8 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥121,027 million+1.5%
Operating profit¥-2,236 million
Ordinary income¥-3,176 million
Net income¥-3,788 million interim net income attributable to owners of the parent
Full-year earnings forecast
Consolidated
Net Sales
¥244,600 million
Operating profit
¥5,000 million
Ordinary income
¥3,200 million
Net income for the current fiscal year
¥1,900 million
Standalone
Net Sales
¥227,500 million
Operating profit
¥2,100 million
Ordinary income
¥1,000 million
Net income for the current fiscal year
¥900 million
What the company explained in this material
Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
  • Decrease in total electricity sold (volume factor)¥-8 hundred million
  • Increase in fuel prices (unit price factor)¥-81 hundred million
  • Time-lag effect¥-45 hundred million
  • Increase in repair and maintenance expenses¥-20 hundred million
  • Increase in other expenses¥-20 hundred million
  • Other¥7 hundred million
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
  • CIF crude oil price
    Published July 202683
    Current outlook for 202696
  • Coal CIF price
    Published July 2026131
    Current outlook for 2026137
  • Exchange rate
    Published July 2026159
    Current outlook for 2026158
Key KPIsA metric the company considers important as a management benchmark.
  • Total electricity sales volume4,072 million kWh
    Year on year against the same period last year-1.2%
  • Retail electricity sales volume3,740 million kWh
    Year on year against the same period last year-4.3%
  • Wholesale electricity volume332 million kWh
    Year on year against the same period last year+56.9%
  • Electricity generated (area)4,794 million kWh
    Year on year against the same period last year-2.0%
  • Consolidated equity ratio23.1 %
    Year on year against the same period last year-1.9%
Unit price and quantity metricsThese figures show sales broken down by price and volume.
  • Total electricity sales volume4,072 million kWh
    Year on year against the same period last year-1.2%
  • Retail electricity sales volume3,740 million kWh
    Year on year against the same period last year-4.3%
  • Fuel price unit price factor¥-81 hundred million
Segment results
Electricity business
Net Sales
¥114,341 million
Year-on-year change in revenue
¥729 million
Operating profit
¥-3,573 million
Operating profit, year on year
¥-12,865 million
Construction Business
Net Sales
¥13,620 million
Year-on-year change in revenue
¥3,067 million
Operating profit
¥426 million
Operating profit, year on year
¥629 million
Other
Net Sales
¥20,409 million
Year-on-year change in revenue
¥2,675 million
Operating profit
¥1,109 million
Operating profit, year on year
¥260 million
Financial targets
Consolidated capital adequacy ratio
Target25% (achieved at the end of FY2025)
Actual results23.1% in the second quarter of FY2026 (25.9% after taking hybrid bonds into account)
Capital expenditures
¥16,436 million consolidated, interim-period actual
Annual Dividend
Annual dividend per share50 Yen
Interim25 Yen
End of period25 Yen
Period-end (forecast)Yes
Contents of this document
ItemDetails
Document typeFinancial Results Presentation
Fiscal Period CoveredFY2026 second quarter (interim period)
Net Sales¥121,027 million (YoY +1.5%)
Operating profit¥-2,236 million
Ordinary income¥-3,176 million
Net income¥-3,788 million (interim net income attributable to owners of the parent)
Full-year earnings forecastConsolidated Net Sales ¥244,600 million / Operating profit ¥5,000 million / Ordinary income ¥3,200 million / Net income for the current fiscal year ¥1,900 million / Standalone Net Sales ¥227,500 million / Operating profit ¥2,100 million / Ordinary income ¥1,000 million / Net income for the current fiscal year ¥900 million
Segment resultsElectricity business Net Sales ¥114,341 million / Year-on-year change in revenue ¥729 million / Operating profit ¥-3,573 million / Operating profit, year on year ¥-12,865 million / Construction Business Net Sales ¥13,620 million / Year-on-year change in revenue ¥3,067 million / Operating profit ¥426 million / Operating profit, year on year ¥629 million / Other Net Sales ¥20,409 million / Year-on-year change in revenue ¥2,675 million / Operating profit ¥1,109 million / Operating profit, year on year ¥260 million
Breakdown of Factors Affecting the ChangeFactors Decrease in total electricity sold (volume factor) / Amount ¥-8 hundred million, Factors Increase in fuel prices (unit price factor) / Amount ¥-81 hundred million, Factors Time-lag effect / Amount ¥-45 hundred million, Factors Increase in repair and maintenance expenses / Amount ¥-20 hundred million, Factors Increase in other expenses / Amount ¥-20 hundred million, Factors Other / Amount ¥7 hundred million
Key KPIsIndicator name Total electricity sales volume / Value 4,072 million kWh / Year on year against the same period last year -1.2 million kWh, Indicator name Retail electricity sales volume / Value 3,740 million kWh / Year on year against the same period last year -4.3 million kWh, Indicator name Wholesale electricity volume / Value 332 million kWh / Year on year against the same period last year 56.9 million kWh, Indicator name Electricity generated (area) / Value 4,794 million kWh / Year on year against the same period last year -2 million kWh, Indicator name Consolidated equity ratio / Value 23.1 % / Year on year against the same period last year -1.9 %
Unit price and quantity metricsIndicator name Total electricity sales volume / Value 4,072 million kWh / Year on year against the same period last year -1.2 million kWh, Indicator name Retail electricity sales volume / Value 3,740 million kWh / Year on year against the same period last year -4.3 million kWh, Indicator name Fuel price unit price factor / Value ¥-81 hundred million / Year on year against the same period last year Not disclosed
Assumptions Underlying the Business OutlookItem CIF crude oil price / Published July 2026 $83 /bbl / Current outlook for 2026 $96 /bbl, Item Coal CIF price / Published July 2026 $131 /t / Current outlook for 2026 $137 /t, Item Exchange rate / Published July 2026 ¥159 /$ / Current outlook for 2026 ¥158 /$
Financial targetsConsolidated capital adequacy ratio Target 25% (achieved at the end of FY2025) / Actual results 23.1% in the second quarter of FY2026 (25.9% after taking hybrid bonds into account)
Annual DividendAnnual dividend per share 50 Yen / Interim 25 Yen / End of period 25 Yen / Period-end (forecast) Yes
Capital expenditures¥16,436 million (consolidated, interim-period actual)
Items this document does not state (16)
Gross Profit MarginOperating profit marginSelling, general and administrative expensesResults for the three months of the current quarterProgress against full-year forecastSelf-assessment against the planNumber of stores and locationsNumber of employeesRisk amount incorporated into the outlookMedium-term management plan targetsPayout ratioAcquisition of treasury sharesOrders received and order backlogMarket Size / ShareKey points of the Q&ANew initiatives

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.

Higher fuel prices, which increased fuel costs and electricity purchased from other companies; higher repair expenses, personnel expenses and other costs due to the impact of typhoons; and a decrease in total electricity sold.

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.
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Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.
Overview of financial results for the second quarter (interim period) of FY2026 | The Okinawa Electric Power Company,Incorporated (9511) timely disclosure | Komori