Operating Profit Improvement Amid Declining Revenue and Ordinary and Net Losses
First written in FY2017-Q1. 6 of 40 entries say "Worsened", first in FY2023-Q1. Latest entry: 2026-10-30.
The Okinawa Electric Power Company moved to the "Worse" side of this theme in 2022, 3 years after the typical company in this theme (2019).
The whole theme swung hardest in 2019: 4 of 10 companies on the "Worse" side.
5 other companies' latest entry also says "Other".
- FY2026Significant profit growth despite lower revenueAnnual report
「As a result, operating profit increased by ¥1,967 million, or 26.9%, from the previous consolidated fiscal year to ¥9,290 million, ordinary profit increased by ¥2,501 million, or 44.2%, to ¥8,167 million, and net profit attributable to owners of the parent increased by ¥1,911 million, or 44.2%, to ¥6,234 million.」
Although revenue decreased by 6.9%, operating profit, ordinary profit and net profit attributable to owners of the parent all increased, resulting in higher profit despite lower revenue. - FY2026-H1Higher Earnings Despite Lower RevenueAnnual report
「For the current interim consolidated accounting period, revenue decreased by ¥7,998 million, or 6.3%, from the same period of the previous year to ¥119,231 million due to lower electricity sales volumes and the impact of the fuel cost adjustment system. Operating expenses decreased by ¥10,709 million, or 8.9%, to ¥109,236 million due to lower fuel costs and purchased electricity costs from other companies. As a result, operating profit was ¥9,994 million, ordinary profit was ¥9,196 million, and interim net profit attributable to owners of the parent was ¥7,033 million.」
Although revenue decreased by 6.3% year on year, operating expenses decreased by 8.9%, and operating profit, ordinary profit and interim net profit attributable to owners of the parent all exceeded the same period of the previous year. - FY2025Sharp profit growth for the full yearAnnual report
「As a result, operating profit increased by ¥3,841 million, or 110.3%, from the previous consolidated fiscal year to ¥7,322 million, ordinary profit increased by ¥3,097 million, or 120.6%, to ¥5,665 million, and net profit attributable to owners of the parent increased by ¥1,931 million, or 80.8%, to ¥4,322 million.」
Although revenue was broadly unchanged from the previous year, operating profit, ordinary profit and net profit attributable to owners of the parent all increased, and profit growth continued after the return to profitability. - FY2025-H1Higher Earnings Despite Lower RevenueAnnual report
「For the current interim consolidated accounting period, revenue decreased by ¥3,271 million, or 2.5%, from the same period of the previous year to ¥127,229 million, despite higher electricity sales volumes, due to lower fuel cost adjustment amounts resulting from falling fuel prices and other factors. Operating expenses decreased by ¥5,851 million, or 4.7%, to ¥119,945 million, due to lower fuel costs resulting from falling coal and LNG prices and other factors. As a result, operating profit was ¥7,284 million, ordinary profit was ¥6,871 million, and interim net profit attributable to owners of the parent was ¥5,354 million.」
Although revenue decreased, lower operating expenses resulted in operating profit, ordinary profit and interim net profit attributable to owners of the parent all exceeding the same period of the previous year. - FY2024Returned to profitability for the full yearAnnual report
「As a result, operating profit increased by ¥51,888 million from the previous consolidated fiscal year to ¥3,481 million. Ordinary profit increased by ¥51,367 million to ¥2,568 million, while net profit attributable to owners of the parent increased by ¥47,848 million to ¥2,391 million.」
The company turned from operating, ordinary and net losses in the previous fiscal year to profits in the current fiscal year, with operating profit of ¥3,481 million, ordinary profit of ¥2,568 million and net profit attributable to owners of the parent of ¥2,391 million. - FY2024-Q3Continued profitability and profit growthAnnual report
「As a result, operating profit was ¥6,584 million, ordinary profit, including non-operating income and expenses, was ¥5,852 million, and quarterly net profit attributable to owners of the parent was ¥4,564 million.」
Operating profit, ordinary profit and quarterly net profit attributable to owners of the parent all remained positive, returning to profit from a loss in the cumulative period of the third quarter of the previous fiscal year. Profit levels also increased compared with the cumulative period of the second quarter. - FY2024-Q2Return to profitabilityAnnual report
「As a result, operating profit was ¥4,704 million, ordinary profit, including non-operating income and expenses, was ¥4,216 million, and quarterly net profit attributable to owners of the parent was ¥3,238 million.」
Operating profit, ordinary profit and quarterly net profit attributable to owners of the parent all returned to positive territory in the current second-quarter cumulative period, compared with operating, ordinary and net losses in the same period of the previous year. - FY2024-Q1Narrowing operating lossAnnual report
「As a result, operating loss was ¥5,405 million, ordinary loss, including non-operating income and expenses, was ¥5,528 million, and quarterly net loss attributable to owners of the parent was ¥5,701 million.」
Operating loss narrowed from ¥9,349 million in the same period of the previous year to ¥5,405 million, ordinary loss narrowed from ¥9,344 million to ¥5,528 million, and quarterly net loss attributable to owners of the parent narrowed from ¥6,899 million to ¥5,701 million. However, all three measures remained losses. - FY2023WorsenedAnnual report
「As a result, operating income and loss deteriorated by ¥51,216 million from the previous consolidated fiscal year to an operating loss of ¥48,406 million. Ordinary income and loss, including non-operating income and expenses, deteriorated by ¥51,517 million to an ordinary loss of ¥48,799 million, while net income and loss attributable to owners of the parent deteriorated by ¥47,416 million to a net loss of ¥45,457 million.」
For the full fiscal year, operating loss was ¥48,406 million, ordinary loss was ¥48,799 million and net loss attributable to owners of the parent was ¥45,457 million, a significant shift from profit in the previous fiscal year to loss. - FY2023-Q3WorsenedAnnual report
「In the electric power business, some of the increase in costs resulting from soaring fuel prices could not be reflected in electricity charges. As a result, operating income and loss was an operating loss of ¥34,546 million, compared with operating profit of ¥4,910 million in the same period of the previous year; ordinary income and loss, including non-operating income and expenses, was an ordinary loss of ¥34,678 million, compared with ordinary profit of ¥4,883 million; and quarterly net income and loss attributable to owners of the parent was a net loss of ¥29,151 million, compared with quarterly net profit of ¥3,700 million.」
The inability to reflect the increase in costs resulting from soaring fuel prices in charges continued, and cumulative operating, ordinary and net losses widened further from profits in the same period of the previous year. - FY2023-Q2WorsenedAnnual report
「In the electric power business, some of the increase in costs resulting from soaring fuel prices could not be reflected in electricity charges. As a result, operating income and loss was an operating loss of ¥22,518 million, compared with operating profit of ¥5,155 million in the same period of the previous year; ordinary income and loss, including non-operating income and expenses, was an ordinary loss of ¥22,473 million, compared with ordinary profit of ¥5,074 million; and quarterly net income and loss attributable to owners of the parent was a net loss of ¥16,819 million, compared with quarterly net profit of ¥3,847 million.」
Some of the increase in costs resulting from soaring fuel prices remained unreflected in charges, causing operating, ordinary and net income and loss to turn from profits in the same period of the previous year to substantial losses. - FY2023-Q1WorsenedAnnual report
「In the electric power business, fuel prices rose sharply over a short period and the resulting increase in costs could not be sufficiently reflected in electricity charges. As a result, operating income and loss deteriorated by ¥7,565 million to an operating loss of ¥9,349 million, ordinary income and loss, including non-operating income and expenses, deteriorated by ¥7,581 million to an ordinary loss of ¥9,344 million, and quarterly net income and loss attributable to owners of the parent deteriorated by ¥5,321 million to a net loss of ¥6,899 million.」
The increase in costs resulting from soaring fuel prices could not be sufficiently reflected in charges, significantly worsening operating loss, ordinary loss and quarterly net loss attributable to owners of the parent from the same period of the previous year. - FY2022-Q3Lower sales and continued sharp decline in profitsAnnual report
「For the third quarter of the current consolidated cumulative period, revenue (operating revenue) decreased by ¥15,802 million from the same period of the previous year to ¥132,090 million. In the electric power business, electricity charges (renewable energy surcharges) and subsidies under the Renewable Energy Special Measures Act decreased due to the application of the accounting standards for revenue recognition and other standards, but this was partly offset by the impact of the fuel cost adjustment system and higher electricity sales to other companies. Operating expenses decreased by ¥8,036 million to ¥127,180 million. In the electric power business, payments under the Renewable Energy Special Measures Act and purchased electricity costs from other companies decreased due to the application of the accounting standards for revenue recognition and other standards, although fuel and other costs increased. As a result, operating profit decreased by ¥7,765 million, or 61.3%, to ¥4,910 million. Ordinary profit, including non-operating income and expenses, decreased by ¥6,813 million, or 58.2%, to ¥4,883 million, while quarterly net profit attributable to owners of the parent decreased by ¥5,246 million, or 58.6%, to ¥3,700 million.」
Although revenue and operating expenses decreased due to the application of the accounting standards for revenue recognition and other standards, operating profit, ordinary profit and quarterly net profit attributable to owners of the parent all fell significantly below the same period of the previous year. - FY2022-Q2Lower revenue and significantly lower profit under the application of the accounting standardsAnnual report
「As a result, operating profit decreased by ¥5,769 million, or 52.8%, from the same period of the previous year to ¥5,155 million. Ordinary profit, including non-operating income and expenses, decreased by ¥5,650 million, or 52.7%, to ¥5,074 million, while quarterly net profit attributable to owners of the parent decreased by ¥4,403 million, or 53.4%, to ¥3,847 million.」
Although operating revenue and operating expenses decreased due to the application of the accounting standards for revenue recognition and other standards, operating profit, ordinary profit and quarterly net profit attributable to owners of the parent all fell significantly below the same period of the previous year, while the company remained profitable. - FY2022-Q1Lower revenue and wider losses under the application of the accounting standardsAnnual report
「As a result, operating loss was ¥1,784 million. Ordinary loss, including non-operating income and expenses, was ¥1,763 million, while quarterly net loss attributable to owners of the parent was ¥1,577 million.」
Amid significant fluctuations in year-on-year revenue comparisons due to the application of the accounting standards for revenue recognition and other standards, operating loss, ordinary loss and quarterly net loss attributable to owners of the parent all widened from the same period of the previous year. - FY2021Higher Earnings Despite Lower RevenueAnnual report
「As a result, operating profit increased by ¥2,292 million, or 22.2%, from the previous consolidated fiscal year to ¥12,619 million. Ordinary profit, including non-operating income and expenses, increased by ¥2,024 million, or 21.7%, to ¥11,335 million, while net profit attributable to owners of the parent increased by ¥1,635 million, or 24.4%, to ¥8,341 million.」
Although revenue decreased by 6.7%, operating profit, ordinary profit and net profit attributable to owners of the parent all increased, helped by lower fuel costs and purchased electricity costs from other companies. - FY2021-Q3Lower profit despite lower revenueAnnual report
「As a result, operating profit decreased by ¥599 million, or 4.5%, from the same period of the previous year to ¥12,675 million. Ordinary profit, including non-operating income and expenses, decreased by ¥963 million, or 7.6%, to ¥11,697 million, while quarterly net profit attributable to owners of the parent decreased by ¥732 million, or 7.6%, to ¥8,946 million.」
With revenue down 8.1% year on year, operating profit, ordinary profit and quarterly net profit attributable to owners of the parent all fell below the same period of the previous year. Profitability remained positive. - FY2021-Q2Continued Higher Earnings Despite Lower RevenueAnnual report
「For the second quarter of the current consolidated cumulative period, revenue (operating revenue) decreased by ¥6,535 million, or 5.9%, from the same period of the previous year to ¥104,496 million due to the impact of the fuel cost adjustment system and lower electricity sales volumes in the electric power business. Operating expenses decreased by ¥8,697 million, or 8.5%, to ¥93,572 million, as fuel costs and purchased electricity costs from other companies decreased in the electric power business. As a result, operating profit increased by ¥2,162 million, or 24.7%, to ¥10,924 million. Ordinary profit, including non-operating income and expenses, increased by ¥2,326 million, or 27.7%, to ¥10,724 million, while quarterly net profit attributable to owners of the parent increased by ¥1,798 million, or 27.9%, to ¥8,251 million.」
Although revenue decreased by 5.9% year on year, operating profit, ordinary profit and quarterly net profit attributable to owners of the parent all exceeded the same period of the previous year due to lower fuel costs and purchased electricity costs from other companies. - FY2021-Q1Loss narrowed despite lower revenueAnnual report
「As a result, operating loss was ¥383 million. Ordinary loss, including non-operating income and expenses, was ¥418 million, while quarterly net loss attributable to owners of the parent was ¥401 million.」
Although revenue decreased by 6.3% year on year, lower fuel costs and purchased electricity costs from other companies narrowed operating loss from ¥1,696 million to ¥383 million, ordinary loss from ¥1,796 million to ¥418 million, and quarterly net loss attributable to owners of the parent from ¥1,523 million to ¥401 million. - FY2020Significant profit growth despite lower revenueAnnual report
「As a result, operating profit increased by ¥4,883 million, or 89.7%, from the previous consolidated fiscal year to ¥10,326 million. Ordinary profit, including non-operating income and expenses, increased by ¥4,090 million, or 78.4%, to ¥9,311 million, while net profit attributable to owners of the parent increased by ¥2,954 million, or 78.7%, to ¥6,705 million.」
Although revenue decreased by 0.6%, operating expenses decreased by 3.0%, and operating profit, ordinary profit and net profit attributable to owners of the parent all increased significantly. - FY2020-Q3Continued revenue and significant profit growthAnnual report
「For the third quarter of the current consolidated cumulative period, revenue (operating revenue) increased by ¥2,016 million, or 1.3%, from the same period of the previous year to ¥160,974 million, due to higher electricity sales to other companies and wheeling revenue in the electric power business, as well as higher external revenue at consolidated subsidiaries. Operating expenses decreased by ¥3,882 million, or 2.6%, to ¥147,699 million, as fuel costs and purchased electricity costs from other companies decreased in the electric power business. As a result, operating profit increased by ¥5,898 million, or 80.0%, to ¥13,275 million. Ordinary profit, including non-operating income and expenses, increased by ¥5,931 million, or 88.1%, to ¥12,661 million, while quarterly net profit attributable to owners of the parent increased by ¥4,468 million, or 85.8%, to ¥9,678 million.」
Significant increases in operating profit, ordinary profit and quarterly net profit attributable to owners of the parent have continued due to higher revenue and lower operating expenses. - FY2020-Q2Higher revenue and substantially higher profitAnnual report
「For the second quarter of the current consolidated cumulative period, revenue (operating revenue) increased by ¥1,438 million, or 1.3%, from the same period of the previous year to ¥111,032 million, due to higher electricity sales to other companies and wheeling revenue in the electric power business, as well as higher external revenue at consolidated subsidiaries. Operating expenses decreased by ¥1,732 million, or 1.7%, to ¥102,270 million, as fuel costs and purchased electricity costs from other companies decreased in the electric power business. As a result, operating profit increased by ¥3,171 million, or 56.7%, to ¥8,762 million. Ordinary profit, including non-operating income and expenses, increased by ¥3,301 million, or 64.8%, to ¥8,398 million, while quarterly net profit attributable to owners of the parent increased by ¥2,532 million, or 64.6%, to ¥6,453 million.」
Revenue increased year on year, and operating profit, ordinary profit and quarterly net profit attributable to owners of the parent all increased significantly, helped by lower fuel costs and purchased electricity costs from other companies. - FY2020-Q1Loss widened despite lower revenueAnnual report
「As a result, operating loss was ¥1,696 million. Ordinary loss, including non-operating income and expenses, was ¥1,796 million, while quarterly net loss attributable to owners of the parent was ¥1,523 million.」
Revenue decreased by 0.9% year on year and operating expenses increased by 0.2%, while operating loss, ordinary loss and quarterly net loss attributable to owners of the parent all widened from the same period of the previous year. - FY2019Full-year earnings declined despite higher revenueAnnual report
「As a result, operating profit decreased by ¥3,890 million, or 41.7%, from the previous consolidated fiscal year to ¥5,443 million. Ordinary profit, including non-operating income and expenses, decreased by ¥3,160 million, or 37.7%, to ¥5,220 million, while net profit attributable to owners of the parent decreased by ¥2,522 million, or 40.2%, to ¥3,751 million.」
Although revenue increased by 4.8%, operating profit, ordinary profit and net profit attributable to owners of the parent all declined significantly, resulting in lower full-year profit despite higher revenue. - FY2019-Q3RestatedAnnual report
「For the third quarter of the current consolidated cumulative period, revenue (operating revenue) increased by ¥6,028 million, or 3.9%, from the same period of the previous year to ¥158,958 million, despite lower electricity sales volumes in the electric power business, due to the impact of the fuel cost adjustment system. Operating expenses increased by ¥12,713 million, or 9.2%, to ¥151,582 million, as fuel costs, purchased electricity costs from other companies and repair expenses increased in the electric power business. As a result, operating profit decreased by ¥6,684 million, or 47.5%, to ¥7,376 million. Ordinary profit, including non-operating income and expenses, decreased by ¥6,742 million, or 50.0%, to ¥6,729 million, while quarterly net profit attributable to owners of the parent decreased by ¥5,229 million, or 50.1%, to ¥5,209 million.」
Although revenue increased by 3.9% year on year, operating profit, ordinary profit and quarterly net profit attributable to owners of the parent all fell by approximately half due to higher fuel and other costs, and significant profit declines despite higher revenue have continued since the previous quarter. - FY2019-Q2Significant earnings decline despite revenue growthAnnual report
「For the second quarter of the current consolidated cumulative period, revenue (operating revenue) increased by ¥4,515 million, or 4.3%, from the same period of the previous year to ¥109,593 million, despite lower electricity sales volumes in the electric power business, due to the impact of the fuel cost adjustment system. Operating expenses increased by ¥10,040 million, or 10.7%, to ¥104,002 million, as fuel costs, purchased electricity costs from other companies and repair expenses increased in the electric power business. As a result, operating profit decreased by ¥5,524 million, or 49.7%, to ¥5,590 million. Ordinary profit, including non-operating income and expenses, decreased by ¥5,318 million, or 51.1%, to ¥5,096 million, while quarterly net profit attributable to owners of the parent decreased by ¥4,334 million, or 52.5%, to ¥3,921 million.」
Although revenue increased by 4.3%, operating profit, ordinary profit and quarterly net profit attributable to owners of the parent all fell significantly below the same period of the previous year due to higher fuel costs, purchased electricity costs from other companies and repair expenses. - FY2019-Q1Returned to a loss despite higher revenueAnnual report
「As a result, operating loss was ¥1,151 million. Ordinary loss, including non-operating income and expenses, was ¥1,257 million, while quarterly net loss attributable to owners of the parent was ¥1,132 million.」
Although revenue increased by 11.6% year on year, operating income and loss, ordinary income and loss, and quarterly net income and loss attributable to owners of the parent were all losses. The company moved from revenue and profit growth for the previous full fiscal year to a loss despite higher revenue in the current quarter. - FY2018Full-year revenue and profit increasedAnnual report
「As a result, operating profit increased by ¥206 million, or 2.3%, from the previous consolidated fiscal year to ¥9,333 million. Ordinary profit, including non-operating income and expenses, increased by ¥859 million, or 11.4%, to ¥8,381 million, while net profit attributable to owners of the parent increased by ¥756 million, or 13.7%, to ¥6,273 million.」
For the full fiscal year, revenue increased by 9.0%, while operating profit, ordinary profit and net profit attributable to owners of the parent all exceeded the previous year. - FY2018-Q3Continued revenue and profit growthAnnual report
「Against this backdrop, revenue (operating revenue) for the third quarter of the current consolidated cumulative period increased by ¥13,070 million, or 9.3%, from the same period of the previous year to ¥152,929 million. As a result, operating profit increased by ¥1,333 million, or 10.5%, to ¥14,060 million. Ordinary profit, including non-operating income and expenses, increased by ¥1,954 million, or 17.0%, to ¥13,472 million, while quarterly net profit attributable to owners of the parent increased by ¥1,571 million, or 17.7%, to ¥10,439 million.」
Revenue, operating profit, ordinary profit and quarterly net profit attributable to owners of the parent all exceeded the same period of the previous year, and revenue and profit growth continues. - FY2018-Q2Continued revenue and profit growthAnnual report
「Against this backdrop, revenue (operating revenue) for the second quarter of the current consolidated cumulative period increased by ¥9,398 million, or 9.8%, from the same period of the previous year to ¥105,078 million. As a result, operating profit increased by ¥580 million, or 5.5%, to ¥11,115 million. Ordinary profit, including non-operating income and expenses, increased by ¥695 million, or 7.2%, to ¥10,414 million, while quarterly net profit attributable to owners of the parent increased by ¥689 million, or 9.1%, to ¥8,255 million.」
Revenue, operating profit, ordinary profit and quarterly net profit attributable to owners of the parent all exceeded the same period of the previous year, and revenue and profit growth continues. - FY2018-Q1Revenue Growth and Return to ProfitabilityAnnual report
「Against this backdrop, revenue (operating revenue) for the first quarter of the current consolidated cumulative period increased by ¥1,801 million, or 4.4%, from the same period of the previous year to ¥43,177 million. As a result, operating profit increased by ¥444 million, or 367.8%, to ¥564 million. Ordinary profit, including non-operating income and expenses, increased by ¥487 million to ¥235 million, while quarterly net profit attributable to owners of the parent increased by ¥459 million to ¥133 million.」
Revenue increased year on year, and operating profit also increased. Ordinary income and loss and quarterly net income and loss attributable to owners of the parent turned from losses in the same period of the previous year to profits. - FY2017-Q3Profit growth continuesAnnual report
「As a result, operating profit increased by ¥3,136 million, or 32.7%, from the same period of the previous year to ¥12,727 million. Ordinary profit, including non-operating income and expenses, increased by ¥3,254 million, or 39.4%, to ¥11,518 million, while quarterly net profit attributable to owners of the parent increased by ¥2,438 million, or 37.9%, to ¥8,868 million.」
Although revenue decreased by 1.5% year on year, operating profit, ordinary profit and quarterly net profit attributable to owners of the parent all exceeded the same period of the previous year, and profit growth continues. - FY2017-Q2Turned from losses to profitsAnnual report
「As a result, operating profit increased by ¥3,759 million, or 55.5%, from the same period of the previous year to ¥10,534 million. Ordinary profit, including non-operating income and expenses, increased by ¥3,860 million, or 65.9%, to ¥9,719 million, while quarterly net profit attributable to owners of the parent increased by ¥2,979 million, or 64.9%, to ¥7,566 million.」
Although revenue decreased by 1.0%, operating profit, ordinary profit and quarterly net profit attributable to owners of the parent all increased year on year, turning from the previously reported ordinary and net losses to profits. - FY2017-Q1First statedAnnual report
「As a result, operating profit increased by ¥604 million from the same period of the previous year to ¥120 million. Ordinary loss, including non-operating income and expenses, was ¥252 million, while quarterly net loss attributable to owners of the parent was ¥326 million.」
Operating profit improved year on year, while ordinary income and loss and quarterly net income and loss attributable to owners of the parent were losses.