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The Okinawa Electric Power Company (9511) · FactRestatedLatest Earnings presentation (2026-10-30): "Other"

Decline in Electric Power Business Operating Expenses Due to Lower Fuel Costs

First written in FY2017-Q2. 21 of 33 entries say "Restated". Latest entry: 2026-10-30.

33entries
11years
2from disclosures
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How it moved
ProgressHeldSoftenedWorseRestatedFY2017-Q2 – FY2022-Q3RestatedFY2024-Q2 – 2026-10-302016: 12017: 320172018: 420182019: 420192020: 420202021: 320212022: 320222023: 420232024: 320242025: 220252026: 22026
Same theme, other companies
Improved Profitability Due to Lower Raw Material and Energy CostsA theme 25 companies write about · 0 as a headwind · 25 as a tailwind

The Okinawa Electric Power Company moved to the "Worse" side of this theme in 2022, 1 year after the typical company in this theme (2021).

The whole theme swung hardest in 2018: 6 of 21 companies on the "Worse" side.

3 other companies' latest entry also says "Other".

Ridges = years it wrote progress, valleys = years it wrote worse. Most hopeful companies at the back. Drag to turn, scroll to zoom, right-drag to pan. On a phone, two fingers turn and pinch to zoom; one finger scrolls the page.
Showing 14 of the 25 companies compared. The sentences above are computed from all 25.
Full recordFilings, disclosures and news, newest first
  1. FY2026-H1RestatedAnnual report

    「Operating expenses were ¥109,236 million, down ¥10,709 million (8.9%) from the same period of the previous year, due in part to lower fuel costs and purchases of electricity from other companies.」

    Operating expenses in the electric power business have continued to be lower than in the same period of the previous year due to lower fuel costs and purchases of electricity from other companies.
  2. FY2025RestatedAnnual report

    「Operating expenses were ¥218,701 million, down ¥5,879 million (2.6%) from the previous consolidated fiscal year, due to lower fuel costs and other expenses following a decline in fuel prices, despite higher repair expenses and other costs.」

    Operating expenses in the electric power business were lower than in the previous year due to lower fuel costs following a decline in fuel prices.
  3. FY2025-H1RestatedAnnual report

    「Operating expenses were ¥119,945 million, down ¥5,851 million (4.7%) from the same period of the previous year, due in part to lower fuel costs following declines in coal and LNG prices.」

    Operating expenses in the electric power business were reported as lower than in the same period of the previous year due to lower fuel costs following declines in coal and LNG prices.
  4. FY2024Lower fuel costs and purchases of electricity from other companiesAnnual report

    「Operating expenses were ¥224,581 million, down ¥39,384 million (14.9%) from the previous consolidated fiscal year. Although the cost of derecognizing fixed assets increased following damage to the coal unloading facilities at the Gushikawa Thermal Power Station, fuel costs and purchases of electricity from other companies decreased.」

    Operating expenses in the electric power business, which had increased in the previous fiscal year due to surging fuel prices, decreased substantially due to lower fuel costs and purchases of electricity from other companies.
  5. FY2024-Q3RestatedAnnual report

    「Operating expenses in the electric power business were ¥180,728 million, down ¥28,355 million (13.6%) from the same period of the previous year. Although the cost of derecognizing fixed assets increased following damage to the coal unloading facilities at the Gushikawa Thermal Power Station, fuel costs and purchases of electricity from other companies decreased.」

    Despite an increase in the cost of derecognizing fixed assets following damage to facilities, operating expenses in the electric power business have continued to be lower than in the same period of the previous year due to lower fuel costs and purchases of electricity from other companies.
  6. FY2024-Q2Shift to lower fuel costs and other expensesAnnual report

    「Operating expenses in the electric power business were ¥125,797 million, down ¥15,459 million (10.9%) from the same period of the previous year. Although the cost of derecognizing fixed assets increased following damage to the coal unloading facilities at the Gushikawa Thermal Power Station, fuel costs and purchases of electricity from other companies decreased.」

    The second quarter saw a decrease in operating expenses in the electric power business due to lower fuel costs and purchases of electricity from other companies, following the period through the previous comparable period when higher fuel costs and other expenses weighed on performance. The disclosure also cited an increase in the cost of derecognizing fixed assets following damage to facilities.
  7. FY2024-Q1WorsenedAnnual report

    「Operating expenses in the electric power business were ¥59,184 million, up ¥1,382 million (2.4%) from the same period of the previous year, due to higher repair expenses, fuel costs and other expenses.」

    Operating expenses in the electric power business were higher than in the same period of the previous year due to higher repair expenses, fuel costs and other expenses.
  8. FY2023Higher operating expenses due to surging fuel pricesAnnual report

    「Operating expenses in the electric power business were ¥271,924 million, up ¥98,502 million (56.8%) from the previous consolidated fiscal year, due to higher fuel costs and purchases of electricity from other companies resulting from surging fuel prices.」

    Operating expenses rose 56.8% year on year for the full year due to higher fuel costs and purchases of electricity from other companies, further accelerating the upward trend through the previous fiscal year.
  9. FY2023-Q3RestatedAnnual report

    「Operating expenses in the electric power business were ¥209,084 million, up ¥81,903 million (64.4%) from the same period of the previous year, due to higher fuel costs and purchases of electricity from other companies resulting from surging fuel prices.」

    Higher fuel costs and purchases of electricity from other companies due to surging fuel prices continued, and operating expenses in the electric power business were substantially higher than in the same period of the previous year.
  10. FY2023-Q2Increase in costs due to surging fuel prices expandsAnnual report

    「Operating expenses in the electric power business were ¥141,256 million, up ¥58,629 million (71.0%) from the same period of the previous year, due to higher fuel costs and purchases of electricity from other companies resulting from surging fuel prices.」

    Higher fuel costs and purchases of electricity from other companies due to surging fuel prices continued, and operating expenses in the electric power business rose 71.0% year on year.
  11. FY2023-Q1Higher costs due to surging fuel pricesAnnual report

    「Operating expenses in the electric power business were ¥57,802 million, up ¥19,406 million (50.5%) from the same period of the previous year, due to higher fuel costs and purchases of electricity from other companies resulting from surging fuel prices.」

    Fuel costs, purchases of electricity from other companies and other expenses increased as fuel prices surged, and operating expenses in the electric power business rose 50.5% year on year.
  12. FY2022-Q3RestatedAnnual report

    「Operating expenses in the electric power business were ¥127,180 million, down ¥8,036 million from the same period of the previous year. Payments under the Renewable Energy Special Measures Act and purchases of electricity from other companies decreased due to the application of the Accounting Standard for Revenue Recognition and other standards, although fuel costs and other expenses increased.」

    Although renewable energy-related expenses and purchases of electricity from other companies decreased due to the application of accounting standards, fuel costs and other expenses were reported as having increased, and the trend of higher fuel costs has continued.
  13. FY2022-Q2RestatedAnnual report

    「Operating expenses in the electric power business were ¥82,627 million, down ¥10,944 million from the same period of the previous year. Payments under the Renewable Energy Special Measures Act and purchases of electricity from other companies decreased due to the application of the Accounting Standard for Revenue Recognition and other standards, although fuel costs and other expenses increased.」

    Although renewable energy-related expenses and purchases of electricity from other companies decreased due to the application of accounting standards, fuel costs and other expenses were reported as having increased, and the trend of higher fuel costs has continued.
  14. FY2022-Q1Shift to higher fuel costsAnnual report

    「Operating expenses in the electric power business were ¥38,395 million, down ¥6,741 million from the same period of the previous year. Payments under the Renewable Energy Special Measures Act and purchases of electricity from other companies decreased due to the application of the Accounting Standard for Revenue Recognition and other standards, although fuel costs and other expenses increased.」

    Payments related to renewable energy under the Renewable Energy Special Measures Act and purchases of electricity from other companies decreased due to the application of the Accounting Standard for Revenue Recognition and other standards, while fuel costs and other expenses increased. This represents a change from the description of lower fuel costs and other expenses in the first quarter of the previous fiscal year.
  15. FY2021-Q3RestatedAnnual report

    「Operating expenses in the electric power business were ¥135,217 million, down ¥12,482 million (8.5%) from the same period of the previous year, due to lower fuel costs and purchases of electricity from other companies.」

    Operating expenses in the electric power business have continued to be reported as lower than in the same period of the previous year, due to lower fuel costs and purchases of electricity from other companies.
  16. FY2021-Q2RestatedAnnual report

    「Operating expenses in the electric power business were ¥93,572 million, down ¥8,697 million (8.5%) from the same period of the previous year, due to lower fuel costs and purchases of electricity from other companies.」

    Operating expenses in the electric power business have continued to be reported as lower than in the same period of the previous year, due to lower fuel costs and purchases of electricity from other companies.
  17. FY2021-Q1RestatedAnnual report

    「Operating expenses in the electric power business were ¥45,136 million, down ¥4,301 million (8.7%) from the same period of the previous year, due to lower fuel costs and purchases of electricity from other companies.」

    Operating expenses in the electric power business have continued to be reported as lower than in the same period of the previous year, due to lower fuel costs and purchases of electricity from other companies.
  18. FY2020Lower operating expenses due to lower fuel costs and depreciationAnnual report

    「Operating expenses were ¥186,234 million, down ¥6,218 million (3.2%) from the previous consolidated fiscal year, due to lower fuel costs and depreciation.」

    The description changed from the previous year, when fuel costs and other expenses continued to increase. For the full year, operating expenses in the electric power business decreased due to lower fuel costs and depreciation.
  19. FY2020-Q3RestatedAnnual report

    「In the electricity business, operating expenses decreased by ¥3,882 million, or 2.6%, year on year to ¥147,699 million, due to lower fuel costs and purchased power costs from other companies.」

    Operating expenses in the electric power business have continued to be reported as lower than in the same period of the previous year, due to lower fuel costs and purchases of electricity from other companies.
  20. FY2020-Q2Decrease in fuel costs and purchased power costs from other companiesAnnual report

    「In the electricity business, operating expenses decreased by ¥1,732 million, or 1.7%, year on year to ¥102,270 million, due to lower fuel costs and purchased power costs from other companies.」

    Fuel costs and purchased power costs from other companies, which had continued to rise, decreased during the quarter under review, bringing electricity business operating expenses below the prior-year level.
  21. FY2020-Q1RestatedAnnual report

    「In the electricity business, operating expenses increased by ¥102 million, or 0.2%, year on year to ¥49,437 million, as higher fuel costs and repair expenses more than offset decreases in purchased power costs from other companies and depreciation.」

    Electricity business operating expenses exceeded the prior-year level due to higher fuel costs and repair expenses, despite lower purchased power costs from other companies and depreciation.
  22. FY2019RestatedAnnual report

    「Operating expenses increased by ¥11,538 million, or 6.4%, compared with the previous consolidated fiscal year to ¥192,453 million, as higher fuel costs and purchased power costs from other companies more than offset decreases in depreciation and repair expenses.」

    Electricity business operating expenses increased due to higher fuel costs and purchased power costs from other companies, despite lower depreciation and repair expenses.
  23. FY2019-Q3RestatedAnnual report

    「In the electricity business, operating expenses increased by ¥12,713 million, or 9.2%, year on year to ¥151,582 million, as fuel costs, purchased power costs from other companies and repair expenses increased.」

    The disclosure continues to state that electricity business operating expenses exceeded the prior-year level due to higher fuel costs, purchased power costs from other companies and repair expenses.
  24. FY2019-Q2RestatedAnnual report

    「In the electricity business, operating expenses increased by ¥10,040 million, or 10.7%, year on year to ¥104,002 million, as fuel costs, purchased power costs from other companies and repair expenses increased.」

    The disclosure continues to state that electricity business operating expenses exceeded the prior-year level due to higher fuel costs, purchased power costs from other companies and repair expenses.
  25. FY2019-Q1RestatedAnnual report

    「In the electricity business, operating expenses increased by ¥6,722 million, or 15.8%, year on year to ¥49,335 million, as fuel costs, purchased power costs from other companies and repair expenses increased.」

    In addition to higher fuel costs and purchased power costs from other companies, repair expenses also increased, and electricity business operating expenses exceeded the prior-year level.
  26. FY2018RestatedAnnual report

    「Operating expenses increased by ¥15,687 million, or 9.5%, compared with the previous consolidated fiscal year to ¥180,915 million, as higher fuel costs and purchased power costs from other companies more than offset the decrease in depreciation.」

    The full-year trend of electricity business operating expenses exceeding the prior-year level due to higher fuel costs and purchased power costs from other companies has continued.
  27. FY2018-Q3RestatedAnnual report

    「Operating expenses increased by ¥10,305 million, or 8.3%, year on year to ¥134,239 million, as higher fuel costs and purchased power costs from other companies more than offset decreases in depreciation and repair expenses.」

    Electricity business operating expenses have continued to exceed the prior-year level due to higher fuel costs and purchased power costs from other companies, despite lower depreciation and repair expenses.
  28. FY2018-Q2RestatedAnnual report

    「Operating expenses increased by ¥7,938 million, or 9.6%, year on year to ¥90,696 million, as higher fuel costs and purchased power costs from other companies more than offset decreases in depreciation and repair expenses.」

    Although depreciation and repair expenses decreased, electricity business operating expenses exceeded the prior-year level due to higher fuel costs and purchased power costs from other companies.
  29. FY2018-Q1Shift to higher fuel costsAnnual report

    「Operating expenses increased by ¥825 million, or 2.1%, year on year to ¥40,972 million, as fuel costs and purchased power costs from other companies increased despite lower repair expenses.」

    The previous trend of lower operating expenses due to declining fuel costs changed this time. Although repair expenses decreased, operating expenses exceeded the prior-year level due to higher fuel costs and purchased power costs from other companies.
  30. FY2017-Q3RestatedAnnual report

    「Operating expenses decreased by ¥3,987 million, or 3.1%, year on year to ¥123,934 million, as the decrease in fuel costs more than offset the increase in repair expenses.」

    Electricity business operating expenses have continued to remain below the prior-year level due to lower fuel costs, despite higher repair expenses.
  31. FY2017-Q2First statedAnnual report

    「Operating expenses decreased by ¥4,418 million, or 5.1%, year on year to ¥82,758 million, as the decrease in fuel costs more than offset the increase in repair expenses.」

    Electricity business operating expenses fell below the prior-year level due to lower fuel costs, despite higher repair expenses.
Moved together

"Equity ratio: 37.6%" moved the same way as this thread, in the same document, in 4 of its 33 moves.

443222★123456
  1. ★This thread
  2. 1Equity ratio: 37.6%4×
  3. 2Changes in Interest-Bearing Debt, Interest Rates and Credit Ratings4×
  4. 3Operating Profit Improvement Amid Declining Revenue and Ordinary and Net Losses3×
  5. 4Changes in electric utility earnings under the fuel cost adjustment mechanism2×
  6. 5Increase in cash flow from operating activities2×
  7. 6Cash Outflow from Investing Activities2×

★ 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 Okinawa Electric Power Company's next results are scheduled for 2026-10-30. Read the earnings preview It last moved in the Earnings presentation of 2026-10-30: "Other".
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Decline in Electric Power Business Operating Expenses Due to Lower Fuel Costs | The Okinawa Electric Power Company,Incorporated (9511) | Komori