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Okinawa Electric Power, First Half Ordinary Profit Increases by 34%, Exceeds Full-Year Plan

Fri Oct 31, 2025 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 October 31st (13:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2026 (April to September) expanded 9.19 billion yen, an increase 33.8% compared to the same period last year. Progress toward the full-year plan of 8.00 billion yen is 115.0%, but it was lower than the five-year average of 141.7%.

Based on the first-half performance announced by the company and the full-year plan, our calculation indicates that the consolidated ordinary loss for the October to March period (second half) is expected to nearly flat at loss of 1.19 billion yen (compared to a loss of 1.20 billion yen in the same period last year).

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit grew 7.4% from the same period last year, reaching 10.5 billion yen. The operating profit margin rose from 13.4% in the same period last year to 16.1%.

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Actual Results

Accumulated Results 2nd Quarter
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Progress Rate vs. First Half Announce Accounting Standards
Apr - Sep, 2023 130,501 4,704 4,216 3,238 59.6 164.2 Oct 31, 2023 J-GAAP
Apr - Sep, 2024 127,229 7,284 6,871 5,354 98.6 121.3 Oct 31, 2024 J-GAAP
Apr - Sep, 2025 119,231 9,994 9,196 7,033 129.5 115.0 Oct 31, 2025 J-GAAP
YoY -6.3% +37.2% +33.8% +31.4% +31.4%

First Half Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Apr - Sep, 2025 Guidance ー ー ー ー － 15 Apr 30, 2025 J-GAAP
Apr - Sep, 2025 Results 119,231 9,994 9,196 7,033 129.5 15 Oct 31, 2025 J-GAAP
Revision Rate － － － － －

Guidance Update

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2026 Prev 215,200 10,000 8,000 5,700 104.9 30 Jul 31, 2025 J-GAAP
Mar, 2026 New 219,300 10,000 8,000 5,700 104.9 30 Oct 31, 2025 J-GAAP
Revision Rate +1.9% 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 100,069 6 -1,196 -1,333 -24.5 15 Oct 31, 2025 J-GAAP
YoY -8.5% -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 219,300 10,000 8,000 5,700 104.9 30 Oct 31, 2025 J-GAAP
YoY -7.3% +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
Jul - Sep, 2024 74,776 9,987 9,779 8,297 152.8 13.4 Oct 31, 2024 J-GAAP
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
YoY -8.1% +10.7% +7.4% +2.1% +2.1%

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