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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 2022 JPYUSD
Gross Profit3,349M29.80M
Operating income2,811M25.01M
Income before tax2,717M24.17M
Net income1,959M17.43M
Diluted EPS36.040.32
Dividends Per Share600.53
Total Assets447,696M3,688.53M
Total liabilities286,406M2,359.67M
Total equity159,484M1,313.97M
Operating cash flow17,328M154.20M
Currency in JPYCurrency in USD

Historical Data

 Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022
Revenue 196,134M 205,481M 204,296M 190,520M 176,232M
Gross Profit 9,910M 6,027M 10,940M 13,157M 3,349M
Operating income 9,333M 5,443M 10,327M 12,619M 2,811M
Income before tax 8,381M 5,220M 9,311M 11,335M 2,717M
Net income 6,274M 3,752M 6,706M 8,341M 1,959M
EBITDA 33,486M 28,682M 32,711M 34,965M 26,384M
Diluted EPS 111.98 68.92 123.21 153.28 36.04
Dividends Per Share 45.71 57.14 57.14 60 60
Total Assets 403,600M 400,229M 409,869M 428,404M 447,696M
Total liabilities 250,840M 247,823M 254,156M 265,328M 286,406M
Total equity 151,543M 151,005M 154,226M 161,433M 159,484M
Operating cash flow 32,610M 16,608M 36,092M 31,686M 17,328M
 Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022
Revenue 1,769.64M 1,852.93M 1,879.00M 1,796.38M 1,568.28M
Gross Profit 89.41M 54.34M 100.62M 124.05M 29.80M
Operating income 84.20M 49.08M 94.98M 118.98M 25.01M
Income before tax 75.61M 47.07M 85.63M 106.87M 24.17M
Net income 56.60M 33.83M 61.67M 78.64M 17.43M
EBITDA 302.13M 258.64M 300.85M 329.67M 234.79M
Diluted EPS 1.01 0.62 1.13 1.44 0.32
Dividends Per Share 0.41 0.51 0.52 0.56 0.53
Total Assets 3,795.01M 3,615.92M 3,796.66M 3,876.95M 3,688.53M
Total liabilities 2,358.62M 2,238.99M 2,354.27M 2,401.15M 2,359.67M
Total equity 1,424.94M 1,364.27M 1,428.61M 1,460.93M 1,313.97M
Operating cash flow 294.22M 149.76M 331.95M 298.76M 154.20M

Valuation Measures

Mar 2022
Operating margin1.59%
Profit margin1.11%

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 24 Mar, 2023

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