The Okinawa Electric Power Okinawa Electric Posts First Quarter Loss Amid Revenue Decline

TOKYO, Jul 31 (Pulse News Wire) – The Okinawa Electric Power Company,incorporated (9511.F) reported a lower net profit of ¥7.249 billion for the quarter ending June 30, 2026, compared to a loss of ¥1.430 billion in the same period last year. Operating revenue was ¥45.990 billion from ¥46.464 billion, while operating expenses increased to ¥55.691 billion from ¥51.568 billion.

For the fiscal year ending March 31, 2027, the company revised its forecast, projecting total sales of ¥180.830 billion, down 1.0% from the previous estimate. It expects operating profit of ¥17.830 billion, a decrease of 1.0%, and ordinary profit of ¥17.330 billion, down 1.1%.

Net profit per share is anticipated to be ¥12.50, marking a significant drop from the previous projection of ¥25.00. The company also noted changes in accounting policies related to tax effects and adjustments for deferred taxes during the quarter.

Additionally, Okinawa Electric plans to hold an earnings briefing on July 31, 2026 to further discuss these results.