Utilities

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	JPY	USD
Revenue	223,517M	1,649.35M
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
EBITDA	-28,470M	-210.08M
Diluted EPS	-836.96	-6.17
Dividends Per Share	--	--
Total Assets	480,546M	3,610.68M
Total liabilities	366,050M	2,750.39M
Total equity	112,611M	846.12M
Operating cash flow	-38,062M	-280.86M
	Currency in JPY	Currency in USD

Historical Data

JPY | USD

	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 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 2019	Mar 2020	Mar 2021	Mar 2022	Mar 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
PER	--
ROA	-9.79%
ROE	-33.41%
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

Shareholders

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

Website:http://www.okiden.co.jp
Phone: +81.98.877.2341

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

Competitors

BCPG Public Company Limited

Last Updated on 31 May, 2023