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The Okinawa Electric Power Co., Inc.

Business Summary

The Okinawa Electric Power Co., Inc. engages in power distribution business. It operates through the Electric and Other segments. The Electric segment supplies electricity throughout Okinawa Prefecture. The Other segment covers construction and operation of electrical machinery and facilities on commission. The company was founded on May 15, 1972 and is headquartered in Urasoe, Japan.

Financial Highlights

Mar 2023 JPYUSD
Gross Profit-48,407M-357.20M
Operating income-48,407M-357.20M
Income before tax-48,799M-360.09M
Net income-45,456M-335.42M
Diluted EPS-836.96-6.17
Dividends Per Share----
Total Assets480,546M3,610.68M
Total liabilities366,050M2,750.39M
Total equity112,611M846.12M
Operating cash flow-38,062M-280.86M
Currency in JPYCurrency in USD

Historical Data

 Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Revenue 205,481M 204,296M 190,520M 176,232M 223,517M
Gross Profit 6,027M 10,940M 13,157M 3,349M -48,407M
Operating income 5,443M 10,327M 12,619M 2,811M -48,407M
Income before tax 5,220M 9,311M 11,335M 2,717M -48,799M
Net income 3,752M 6,706M 8,341M 1,959M -45,456M
EBITDA 28,682M 32,711M 34,965M 26,384M -28,470M
Diluted EPS 68.92 123.21 153.28 36.04 -836.96
Dividends Per Share 57.14 57.14 60 60 --
Total Assets 400,229M 409,869M 428,404M 447,696M 480,546M
Total liabilities 247,823M 254,156M 265,328M 286,406M 366,050M
Total equity 151,005M 154,226M 161,433M 159,484M 112,611M
Operating cash flow 16,608M 36,092M 31,686M 17,328M -38,062M
 Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Revenue 1,852.93M 1,879.00M 1,796.38M 1,568.28M 1,649.35M
Gross Profit 54.34M 100.62M 124.05M 29.80M -357.20M
Operating income 49.08M 94.98M 118.98M 25.01M -357.20M
Income before tax 47.07M 85.63M 106.87M 24.17M -360.09M
Net income 33.83M 61.67M 78.64M 17.43M -335.42M
EBITDA 258.64M 300.85M 329.67M 234.79M -210.08M
Diluted EPS 0.62 1.13 1.44 0.32 -6.17
Dividends Per Share 0.51 0.52 0.56 0.53 --
Total Assets 3,615.92M 3,796.66M 3,876.95M 3,688.53M 3,610.68M
Total liabilities 2,238.99M 2,354.27M 2,401.15M 2,359.67M 2,750.39M
Total equity 1,364.27M 1,428.61M 1,460.93M 1,313.97M 846.12M
Operating cash flow 149.76M 331.95M 298.76M 154.20M -280.86M

Valuation Measures

Mar 2023
Operating margin-21.65%
Profit margin-20.33%

Key executives

  • President & Representative Director: Hiroyuki Motonaga
  • Representative Director & Head-General Operations: Kiyohito Shimabukuro
  • MD & President-Remote Island Company: Hitoshi Nakasone
  • Managing Director & GM-Power Generation: Hiroyasu Kugai
  • Managing Director, GM-Planning, Sales & Head-CSR: Hayato Narisoko


  • Okinawa Electric Power Employee Stock Ownership Plan (5.5%)
  • Prefecture of Okinawa (4.9%)
  • Okinawa Financial Group, Inc. (4.4%)
  • The Okinawa Electric Power Co., Inc. (4.4%)
  • Mizuho Financial Group, Inc. (2.7%)
  • Nomura Asset Management Co., Ltd. (2.6%)
  • Nippon Life Insurance Co. (2.2%)
  • The Vanguard Group, Inc. (2.0%)
  • Asset Management One Co., Ltd. (2.0%)
  • Meiji Yasuda Life Insurance Co. (1.8%)

Contact Details

Related Companies

  • Okinawa Electric Power Board Benefit Trust
  • Okinawa Denki Kogyo Co., Ltd.
  • Okiden Global Systems Co., Inc.
  • Okinawa Plant Kogyo, Inc.
  • Progressive Energy Corp.
  • Okinawa New Energy Development Co., Inc.
  • First Riding Technology, Inc.
  • Okiden Kaihatsu Co., Inc.
  • OKI Setsubi KK
  • Okiden Kigyo Co. Ltd.
  • FRT, Inc.
  • Okinawa Electric Power Employee Stock Ownership Plan


  • BCPG Public Company Limited
Last Updated on 31 May, 2023

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