The Okinawa Electric Power Okinawa Electric Posts Higher Operating Profit Despite Revenue Dip

The Okinawa Electric Power Company, Incorporated [9511.T]

TOKYO, Apr 30 (Pulse News Wire) – The Okinawa Electric Power Company,incorporated (9511.T) reported higher operating profit for the fiscal year ending March 31, 2026, despite a slight decline in revenue compared to the previous year. The company's operating profit increased by 19 billion yen to 92 billion yen, while revenue decreased by 163 billion yen to 2,201 billion yen.

Net income attributable to parent shareholders rose by 19.11 billion yen to 62 billion yen. For the upcoming fiscal year ending March 31, 2027, the company stated that due to uncertainties surrounding Middle East geopolitical conditions and fuel prices, it could not provide a precise forecast. However, the company assured that there was currently no significant impact on fuel stability or concerns about exceeding price caps under its fuel cost adjustment system. Regarding dividend policy, Okinawa Electric plans to maintain a basic principle of stable dividend distribution with a target dividend payout ratio (DOE) of 26.1%.

The company proposed a final dividend of ¥15 per share for the fiscal year ending March 31, 2026, bringing the total annual dividend to ¥30 per share. For the next fiscal year, the dividend amount remains undetermined pending further assessment of profitability levels. The company also noted improvements in its capital structure, achieving a consolidated equity ratio of 5.0%, up from 3.6% in the prior year. This reflects ongoing efforts to recover from financial setbacks experienced in recent years.

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