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Okinawa Electric Power, Apr-Dec (Cumulative 3Q) Ordinary Profit Increases by 27%, Exceeds Full-Year Plan

Fri Jan 30, 2026 1:00 pm JST Earnings

9511 The Okinawa Electric Power Company,Incorporated 【J-GAAP】

Earnings Report

The Okinawa Electric Power Company,Incorporated <9511> [TSE Prime] announced its financial results in the afternoon session on January 30th (13:00). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2026 (April to December) increased 26.7% from the same period last year, reaching 14.6 billion yen. Progress toward the full-year plan of 8.00 billion yen is 183.2%, already exceeding the target and also exceeding the five-year average of 178.7%.

Based on the cumulative third-quarter performance announced by the company and the full-year plan, our calculation indicates that the consolidated ordinary loss for the January to March period (4Q) is expected to expand to a loss of 6.65 billion yen (compared to a loss of 5.90 billion yen in the same period last year). However, if the fourth-quarter performance remains at the same level as the first three quarters, the full-year plan may be increased.

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit grew 16.2% from the same period last year, reaching 5.45 billion yen. The operating profit margin improved from 8.6% in the same period last year to 10.4%.

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Actual Results

Accumulated Results 3rd Quarter
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Progress Rate vs. First Half Announce Accounting Standards
Apr - Dec, 2023 187,312 6,584 5,852 4,564 84.1 227.9 Jan 31, 2024 J-GAAP
Apr - Dec, 2024 186,303 12,344 11,568 9,343 172.0 204.2 Jan 31, 2025 J-GAAP
Apr - Dec, 2025 175,303 15,853 14,653 11,286 207.8 183.2 Jan 30, 2026 J-GAAP
YoY -5.9% +28.4% +26.7% +20.8% +20.8%

Guidance Update

Second Half Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Oct - Mar, 2025 Prev 100,069 6 -1,196 -1,333 -24.5 15 Oct 31, 2025 J-GAAP
Oct - Mar, 2025 New 102,069 6 -1,196 -1,333 -24.5 15 Jan 30, 2026 J-GAAP
Revision Rate +2.0% 0.0% 0.0% 0.0% 0.0%

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2026 Prev 219,300 10,000 8,000 5,700 104.9 30 Oct 31, 2025 J-GAAP
Mar, 2026 New 221,300 10,000 8,000 5,700 104.9 30 Jan 30, 2026 J-GAAP
Revision Rate +0.9% 0.0% 0.0% 0.0% 0.0%

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Oct - Mar, 2024 109,311 38 -1,206 -1,032 -19.0 10 Apr 30, 2025 J-GAAP
Oct - Mar, 2025 Guidance 102,069 6 -1,196 -1,333 -24.5 15 Jan 30, 2026 J-GAAP
YoY -6.6% -84.2% +0.8% -29.2% -29.2%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 236,394 3,481 2,568 2,391 44.0 10 Apr 30, 2024 J-GAAP
Mar, 2025 236,540 7,322 5,665 4,322 79.6 20 Apr 30, 2025 J-GAAP
Mar, 2026 Guidance 221,300 10,000 8,000 5,700 104.9 30 Jan 30, 2026 J-GAAP
YoY -6.4% +36.6% +41.2% +31.9% +31.9%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2024 59,074 5,060 4,697 3,989 73.5 8.6 Jan 31, 2025 J-GAAP
Jan - Mar, 2025 50,237 -5,022 -5,903 -5,021 -92.5 -10.0 Apr 30, 2025 J-GAAP
Apr - Jun, 2025 50,509 -1,058 -1,306 -1,441 -26.5 -2.1 Jul 31, 2025 J-GAAP
Jul - Sep, 2025 68,722 11,052 10,502 8,474 156.1 16.1 Oct 31, 2025 J-GAAP
Oct - Dec, 2025 56,072 5,859 5,457 4,253 78.3 10.4 Jan 30, 2026 J-GAAP
YoY -5.1% +15.8% +16.2% +6.6% +6.6%

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