Buy Or Sell Opportunity • Jun 02
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 18% to JP¥893. The fair value is estimated to be JP¥1,119, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 1.1% per annum. Earnings are also forecast to grow by 1.9% per annum over the same time period. Reported Earnings • May 01
Full year 2026 earnings: EPS exceeds analyst expectations Full year 2026 results: EPS: JP¥115 (up from JP¥79.58 in FY 2025). Revenue: JP¥220.2b (down 6.9% from FY 2025). Net income: JP¥6.23b (up 44% from FY 2025). Profit margin: 2.8% (up from 1.8% in FY 2025). The increase in margin was driven by lower expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 3.9%. Revenue is forecast to grow 1.1% p.a. on average during the next 3 years, while revenues in the Electric Utilities industry in Japan are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 122% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Announcement • Apr 30
The Okinawa Electric Power Company, Incorporated, Annual General Meeting, Jun 26, 2026 The Okinawa Electric Power Company, Incorporated, Annual General Meeting, Jun 26, 2026. New Risk • Apr 28
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 1.4% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (11% operating cash flow to total debt). Earnings are forecast to decline by an average of 1.4% per year for the foreseeable future. Minor Risk Paying a dividend despite having no free cash flows. Announcement • Apr 22
The Okinawa Electric Power Company, Incorporated to Report Fiscal Year 2026 Results on Apr 30, 2026 The Okinawa Electric Power Company, Incorporated announced that they will report fiscal year 2026 results on Apr 30, 2026 Upcoming Dividend • Mar 23
Upcoming dividend of JP¥15.00 per share Eligible shareholders must have bought the stock before 30 March 2026. Payment date: 30 June 2026. Payout ratio is a comfortable 22% but the company is not cash flow positive. Trailing yield: 3.0%. Lower than top quartile of Japanese dividend payers (3.6%). In line with average of industry peers (3.1%). Reported Earnings • Jan 31
Third quarter 2026 earnings: EPS and revenues exceed analyst expectations Third quarter 2026 results: EPS: JP¥78.30 (up from JP¥73.45 in 3Q 2025). Revenue: JP¥56.1b (down 5.1% from 3Q 2025). Net income: JP¥4.25b (up 6.6% from 3Q 2025). Profit margin: 7.6% (up from 6.8% in 3Q 2025). The increase in margin was driven by lower expenses. Revenue exceeded analyst estimates by 8.5%. Earnings per share (EPS) also surpassed analyst estimates by 49%. Revenue is forecast to stay flat during the next 3 years, in line with the revenue forecast for the Electric Utilities industry in Japan. Over the last 3 years on average, earnings per share has increased by 116% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Announcement • Dec 24
The Okinawa Electric Power Company, Incorporated to Report Q3, 2026 Results on Jan 30, 2026 The Okinawa Electric Power Company, Incorporated announced that they will report Q3, 2026 results on Jan 30, 2026 Declared Dividend • Dec 02
First half dividend of JP¥15.00 announced Shareholders will receive a dividend of JP¥15.00. Ex-date: 30th March 2026 Payment date: 30th June 2026 Dividend yield will be 2.8%, which is higher than the industry average of 2.6%. Sustainability & Growth Dividend is covered by earnings (23% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 5.0% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 4.7% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Nov 01
Second quarter 2026 earnings: EPS and revenues exceed analyst expectations Second quarter 2026 results: EPS: JP¥156 (up from JP¥153 in 2Q 2025). Revenue: JP¥68.7b (down 8.1% from 2Q 2025). Net income: JP¥8.47b (up 2.1% from 2Q 2025). Profit margin: 12% (up from 11% in 2Q 2025). The increase in margin was driven by lower expenses. Revenue exceeded analyst estimates by 5.6%. Earnings per share (EPS) also surpassed analyst estimates by 12%. Revenue is forecast to stay flat during the next 3 years, in line with the revenue forecast for the Electric Utilities industry in Japan. Over the last 3 years on average, earnings per share has increased by 103% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Announcement • Sep 23
The Okinawa Electric Power Company, Incorporated to Report Q2, 2026 Results on Oct 31, 2025 The Okinawa Electric Power Company, Incorporated announced that they will report Q2, 2026 results on Oct 31, 2025 Upcoming Dividend • Sep 22
Upcoming dividend of JP¥15.00 per share Eligible shareholders must have bought the stock before 29 September 2025. Payment date: 01 December 2025. Payout ratio is a comfortable 19% but the company is not cash flow positive. Trailing yield: 2.9%. Lower than top quartile of Japanese dividend payers (3.6%). In line with average of industry peers (3.1%). Reported Earnings • Aug 02
First quarter 2026 earnings: Revenues exceed analysts expectations while EPS lags behind First quarter 2026 results: JP¥26.53 loss per share (down from JP¥49.29 profit in 1Q 2025). Revenue: JP¥50.5b (down 21% from 1Q 2025). Net loss: JP¥1.44b (down 154% from profit in 1Q 2025). Revenue exceeded analyst estimates by 3.7%. Earnings per share (EPS) missed analyst estimates by 5.7%. Revenue is forecast to decline by 1.2% p.a. on average during the next 3 years, while revenues in the Electric Utilities industry in Japan are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 82% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Declared Dividend • Jul 09
Final dividend of JP¥15.00 announced Shareholders will receive a dividend of JP¥15.00. Ex-date: 29th September 2025 Payment date: 1st December 2025 Dividend yield will be 2.7%, which is higher than the industry average of 2.6%. Sustainability & Growth Dividend is covered by earnings (15% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 5.0% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 17% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Jul 04
Full year 2025 earnings: EPS in line with analyst expectations despite revenue beat Full year 2025 results: EPS: JP¥79.58 (up from JP¥44.02 in FY 2024). Revenue: JP¥236.5b (flat on FY 2024). Net income: JP¥4.32b (up 81% from FY 2024). Profit margin: 1.8% (up from 1.0% in FY 2024). Revenue exceeded analyst estimates by 2.9%. Earnings per share (EPS) were mostly in line with analyst estimates. Revenue is forecast to decline by 1.3% p.a. on average during the next 3 years, while revenues in the Electric Utilities industry in Japan are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 55% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings. Announcement • Jun 18
The Okinawa Electric Power Company, Incorporated to Report Q1, 2026 Results on Jul 31, 2025 The Okinawa Electric Power Company, Incorporated announced that they will report Q1, 2026 results on Jul 31, 2025 Reported Earnings • May 01
Full year 2025 earnings: EPS in line with analyst expectations despite revenue beat Full year 2025 results: EPS: JP¥79.58 (up from JP¥44.02 in FY 2024). Revenue: JP¥236.5b (flat on FY 2024). Net income: JP¥4.32b (up 81% from FY 2024). Profit margin: 1.8% (up from 1.0% in FY 2024). Revenue exceeded analyst estimates by 2.9%. Earnings per share (EPS) were mostly in line with analyst estimates. Revenue is forecast to decline by 1.3% p.a. on average during the next 3 years, while revenues in the Electric Utilities industry in Japan are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 55% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings. Announcement • Apr 30
The Okinawa Electric Power Company, Incorporated, Annual General Meeting, Jun 27, 2025 The Okinawa Electric Power Company, Incorporated, Annual General Meeting, Jun 27, 2025. Price Target Changed • Apr 25
Price target decreased by 16% to JP¥970 Down from JP¥1,150, the current price target is provided by 1 analyst. New target price is approximately in line with last closing price of JP¥968. Stock is down 17% over the past year. The company is forecast to post earnings per share of JP¥79.20 for next year compared to JP¥44.02 last year. Upcoming Dividend • Mar 21
Upcoming dividend of JP¥10.00 per share Eligible shareholders must have bought the stock before 28 March 2025. Payment date: 30 June 2025. Payout ratio is a comfortable 15% but the company is not cash flow positive. Trailing yield: 2.1%. Lower than top quartile of Japanese dividend payers (3.7%). Lower than average of industry peers (3.1%). Announcement • Mar 08
The Okinawa Electric Power Company, Incorporated to Report Fiscal Year 2025 Results on Apr 30, 2025 The Okinawa Electric Power Company, Incorporated announced that they will report fiscal year 2025 results on Apr 30, 2025 Reported Earnings • Feb 01
Third quarter 2025 earnings: EPS and revenues exceed analyst expectations Third quarter 2025 results: EPS: JP¥73.45 (up from JP¥24.42 in 3Q 2024). Revenue: JP¥59.1b (up 4.0% from 3Q 2024). Net income: JP¥3.99b (up 201% from 3Q 2024). Profit margin: 6.8% (up from 2.3% in 3Q 2024). Revenue exceeded analyst estimates by 11%. Earnings per share (EPS) also surpassed analyst estimates significantly. Revenue is forecast to stay flat during the next 3 years, in line with the revenue forecast for the Electric Utilities industry in Japan. Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has fallen by 14% per year, which means it is significantly lagging earnings. Announcement • Dec 06
The Okinawa Electric Power Company, Incorporated to Report Q3, 2025 Results on Jan 31, 2025 The Okinawa Electric Power Company, Incorporated announced that they will report Q3, 2025 results on Jan 31, 2025 Declared Dividend • Nov 30
First half dividend of JP¥10.00 announced Shareholders will receive a dividend of JP¥10.00. Ex-date: 28th March 2025 Payment date: 30th June 2025 Dividend yield will be 2.1%, which is lower than the industry average of 2.6%. Sustainability & Growth Dividend is covered by earnings (6% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 37% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Nov 02
Second quarter 2025 earnings: EPS and revenues exceed analyst expectations Second quarter 2025 results: EPS: JP¥153 (down from JP¥165 in 2Q 2024). Revenue: JP¥74.8b (down 2.5% from 2Q 2024). Net income: JP¥8.30b (down 7.2% from 2Q 2024). Profit margin: 11% (in line with 2Q 2024). Revenue exceeded analyst estimates by 12%. Earnings per share (EPS) also surpassed analyst estimates by 23%. Revenue is forecast to stay flat during the next 3 years, in line with the revenue forecast for the Electric Utilities industry in Japan. Over the last 3 years on average, earnings per share has fallen by 5% per year whereas the company’s share price has fallen by 10% per year. Upcoming Dividend • Sep 20
Upcoming dividend of JP¥10.00 per share Eligible shareholders must have bought the stock before 27 September 2024. Payment date: 02 December 2024. Payout ratio is a comfortable 11% but the company is not cash flow positive. Trailing yield: 1.9%. Lower than top quartile of Japanese dividend payers (3.8%). Lower than average of industry peers (2.6%). Announcement • Sep 11
The Okinawa Electric Power Company, Incorporated to Report Q2, 2025 Results on Oct 31, 2024 The Okinawa Electric Power Company, Incorporated announced that they will report Q2, 2025 results on Oct 31, 2024 Reported Earnings • Aug 02
First quarter 2025 earnings: Revenues exceed analysts expectations while EPS lags behind First quarter 2025 results: JP¥54.19 loss per share (improved from JP¥105 loss in 1Q 2024). Revenue: JP¥52.5b (down 2.5% from 1Q 2024). Net loss: JP¥2.94b (loss narrowed 48% from 1Q 2024). Revenue exceeded analyst estimates by 4.5%. Earnings per share (EPS) missed analyst estimates significantly. Revenue is forecast to stay flat during the next 3 years, in line with the revenue forecast for the Electric Utilities industry in Japan. Over the last 3 years on average, earnings per share has fallen by 38% per year but the company’s share price has only fallen by 9% per year, which means it has not declined as severely as earnings. Declared Dividend • Jul 11
Final dividend of JP¥10.00 announced Shareholders will receive a dividend of JP¥10.00. Ex-date: 27th September 2024 Payment date: 2nd December 2024 Dividend yield will be 1.4%, which is lower than the industry average of 2.6%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months and having no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased over the past 10 years. However, payments have been volatile during that time. Announcement • Jun 30
The Okinawa Electric Power Company, Incorporated to Report Q1, 2025 Results on Jul 31, 2024 The Okinawa Electric Power Company, Incorporated announced that they will report Q1, 2025 results on Jul 31, 2024 Reported Earnings • May 01
Full year 2024 earnings: EPS misses analyst expectations Full year 2024 results: EPS: JP¥44.02 (up from JP¥837 loss in FY 2023). Revenue: JP¥236.4b (up 5.8% from FY 2023). Net income: JP¥2.39b (up JP¥47.8b from FY 2023). Profit margin: 1.0% (up from net loss in FY 2023). The move to profitability was primarily driven by lower expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 18%. Revenue is forecast to stay flat during the next 3 years compared to a 1.6% decline forecast for the Electric Utilities industry in Japan. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 63 percentage points per year, which is a significant difference in performance. Announcement • Mar 14
The Okinawa Electric Power Company, Incorporated to Report Fiscal Year 2024 Results on Apr 30, 2024 The Okinawa Electric Power Company, Incorporated announced that they will report fiscal year 2024 results on Apr 30, 2024 Reported Earnings • Feb 02
Third quarter 2024 earnings: Revenues exceed analysts expectations while EPS lags behind Third quarter 2024 results: EPS: JP¥24.41 (up from JP¥227 loss in 3Q 2023). Revenue: JP¥56.8b (up 1.8% from 3Q 2023). Net income: JP¥1.33b (up JP¥13.7b from 3Q 2023). Profit margin: 2.3% (up from net loss in 3Q 2023). The move to profitability was primarily driven by lower expenses. Revenue exceeded analyst estimates by 5.8%. Earnings per share (EPS) missed analyst estimates by 74%. Revenue is expected to fall by 1.1% p.a. on average during the next 3 years compared to a 2.9% decline forecast for the Electric Utilities industry in Japan. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 90 percentage points per year, which is a significant difference in performance. Announcement • Dec 13
The Okinawa Electric Power Company, Incorporated to Report Q3, 2024 Results on Jan 31, 2024 The Okinawa Electric Power Company, Incorporated announced that they will report Q3, 2024 results on Jan 31, 2024 Price Target Changed • Dec 12
Price target decreased by 28% to JP¥1,100 Down from JP¥1,533, the current price target is provided by 1 analyst. New target price is approximately in line with last closing price of JP¥1,137. Stock is up 12% over the past year. The company is forecast to post earnings per share of JP¥53.40 next year compared to a net loss per share of JP¥837 last year. Reported Earnings • Nov 02
Second quarter 2024 earnings released: EPS: JP¥165 (vs JP¥183 loss in 2Q 2023) Second quarter 2024 results: EPS: JP¥165 (up from JP¥183 loss in 2Q 2023). Revenue: JP¥76.7b (up 9.2% from 2Q 2023). Net income: JP¥8.94b (up JP¥18.9b from 2Q 2023). Profit margin: 12% (up from net loss in 2Q 2023). The move to profitability was primarily driven by lower expenses. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 104 percentage points per year, which is a significant difference in performance. Announcement • Sep 08
The Okinawa Electric Power Company, Incorporated to Report Q2, 2024 Results on Oct 31, 2023 The Okinawa Electric Power Company, Incorporated announced that they will report Q2, 2024 results on Oct 31, 2023 Reported Earnings • Jul 29
First quarter 2024 earnings released: JP¥105 loss per share (vs JP¥127 loss in 1Q 2023) First quarter 2024 results: JP¥105 loss per share (improved from JP¥127 loss in 1Q 2023). Revenue: JP¥53.8b (up 11% from 1Q 2023). Net loss: JP¥5.70b (loss narrowed 17% from 1Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 116 percentage points per year, which is a significant difference in performance. Announcement • Jun 28
The Okinawa Electric Power Company, Incorporated to Report Q1, 2024 Results on Jul 28, 2023 The Okinawa Electric Power Company, Incorporated announced that they will report Q1, 2024 results on Jul 28, 2023 Reported Earnings • Apr 29
Full year 2023 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2023 results: JP¥837 loss per share (down from JP¥36.04 profit in FY 2022). Revenue: JP¥223.5b (up 27% from FY 2022). Net loss: JP¥45.5b (down JP¥47.4b from profit in FY 2022). Revenue exceeded analyst estimates by 17%. Earnings per share (EPS) missed analyst estimates. Revenue is forecast to decline by 4.4% p.a. on average during the next 3 years, while revenues in the Electric Utilities industry in Japan are expected to remain flat. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 107 percentage points per year, which is a significant difference in performance. Reported Earnings • Feb 04
Third quarter 2023 earnings released: JP¥227 loss per share (vs JP¥2.71 loss in 3Q 2022) Third quarter 2023 results: JP¥227 loss per share (further deteriorated from JP¥2.71 loss in 3Q 2022). Revenue: JP¥55.8b (up 26% from 3Q 2022). Net loss: JP¥12.3b (loss widened JP¥12.2b from 3Q 2022). Revenue is forecast to decline by 2.1% p.a. on average during the next 3 years, while revenues in the Electric Utilities industry in Japan are expected to remain flat. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 90 percentage points per year, which is a significant difference in performance. Announcement • Dec 24
The Okinawa Electric Power Company, Incorporated to Report Q3, 2023 Results on Feb 03, 2023 The Okinawa Electric Power Company, Incorporated announced that they will report Q3, 2023 results on Feb 03, 2023 Buying Opportunity • Nov 16
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 14%. The fair value is estimated to be JP¥1,256, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 3.9% over the last 3 years. Meanwhile, the company became loss making. Buying Opportunity • Nov 04
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 11%. The fair value is estimated to be JP¥1,256, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 3.9% over the last 3 years. Meanwhile, the company became loss making. Reported Earnings • Nov 03
Second quarter 2023 earnings released: JP¥183 loss per share (vs JP¥99.79 profit in 2Q 2022) Second quarter 2023 results: JP¥183 loss per share (down from JP¥99.79 profit in 2Q 2022). Revenue: JP¥70.3b (up 37% from 2Q 2022). Net loss: JP¥9.92b (down 283% from profit in 2Q 2022). Revenue is forecast to decline by 1.1% p.a. on average during the next 3 years, while revenues in the Electric Utilities industry in Japan are expected to remain flat. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 60 percentage points per year, which is a significant difference in performance. Announcement • Sep 24
The Okinawa Electric Power Company, Incorporated to Report Q2, 2023 Results on Nov 01, 2022 The Okinawa Electric Power Company, Incorporated announced that they will report Q2, 2023 results on Nov 01, 2022 Buying Opportunity • Aug 01
Now 23% undervalued after recent price drop Over the last 90 days, the stock is down 3.3%. The fair value is estimated to be JP¥1,518, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 6.0% over the last 3 years. Meanwhile, the company became loss making. Reported Earnings • Jul 31
First quarter 2023 earnings released: JP¥127 loss per share (vs JP¥28.98 loss in 1Q 2022) First quarter 2023 results: JP¥127 loss per share (down from JP¥28.98 loss in 1Q 2022). Revenue: JP¥48.5b (up 32% from 1Q 2022). Net loss: JP¥6.90b (loss widened 338% from 1Q 2022). Over the next year, revenue is forecast to grow 1.4%, compared to a 17% growth forecast for the industry in Japan. Over the last 3 years on average, earnings per share has fallen by 35% per year but the company’s share price has only fallen by 4% per year, which means it has not declined as severely as earnings. Announcement • Jun 02
The Okinawa Electric Power Company, Incorporated to Report Q1, 2023 Results on Jul 29, 2022 The Okinawa Electric Power Company, Incorporated announced that they will report Q1, 2023 results on Jul 29, 2022 Buying Opportunity • May 17
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 15%. The fair value is estimated to be JP¥1,518, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 6.5% over the last 3 years. Earnings per share has declined by 8.8%. For the next 3 years, revenue is forecast to grow by 1.6% per annum. Earnings is also forecast to grow by 18% per annum over the same time period. Buying Opportunity • May 02
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 14%. The fair value is estimated to be JP¥1,518, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 6.5% over the last 3 years. Earnings per share has declined by 8.8%. For the next 3 years, revenue is forecast to grow by 1.6% per annum. Earnings is also forecast to grow by 18% per annum over the same time period. Announcement • May 02
The Okinawa Electric Power Company, Incorporated, Annual General Meeting, Jun 29, 2022 The Okinawa Electric Power Company, Incorporated, Annual General Meeting, Jun 29, 2022. Reported Earnings • Apr 30
Full year 2022 earnings: EPS and revenues miss analyst expectations Full year 2022 results: EPS: JP¥36.04 (down from JP¥153 in FY 2021). Revenue: JP¥176.2b (down 7.5% from FY 2021). Net income: JP¥1.96b (down 77% from FY 2021). Profit margin: 1.1% (down from 4.4% in FY 2021). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 5.5%. Earnings per share (EPS) also missed analyst estimates by 64%. Over the next year, revenue is forecast to grow 8.8%, compared to a 7.1% growth forecast for the industry in Japan. Over the last 3 years on average, earnings per share has fallen by 9% per year whereas the company’s share price has fallen by 10% per year. Announcement • Apr 08
The Okinawa Electric Power Company, Incorporated to Report Fiscal Year 2022 Results on Apr 28, 2022 The Okinawa Electric Power Company, Incorporated announced that they will report fiscal year 2022 results on Apr 28, 2022 Upcoming Dividend • Mar 23
Upcoming dividend of JP¥30.00 per share Eligible shareholders must have bought the stock before 30 March 2022. Payment date: 30 June 2022. The company is paying out more than 100% of its profits and is cash flow negative. Trailing yield: 4.2%. Within top quartile of Japanese dividend payers (3.4%). In line with average of industry peers (4.4%). Reported Earnings • Jan 30
Third quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behind Third quarter 2022 results: JP¥2.71 loss per share (down from JP¥12.77 profit in 3Q 2021). Revenue: JP¥44.3b (up 2.1% from 3Q 2021). Net loss: JP¥147.0m (down 121% from profit in 3Q 2021). Revenue exceeded analyst estimates by 5.0%. Earnings per share (EPS) missed analyst estimates. Over the next year, revenue is forecast to grow 9.0% compared to a 5.7% decline forecast for the industry in Japan. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings. Upcoming Dividend • Sep 22
Upcoming dividend of JP¥30.00 per share Eligible shareholders must have bought the stock before 29 September 2021. Payment date: 01 December 2021. Trailing yield: 4.0%. Within top quartile of Japanese dividend payers (3.0%). In line with average of industry peers (4.1%). Reported Earnings • Aug 02
First quarter 2022 earnings released: JP¥28.98 loss per share (vs JP¥7.37 loss in 1Q 2021) The company reported a poor first quarter result with increased losses, weaker revenues and weaker control over costs. First quarter 2022 results: Revenue: JP¥36.6b (down 18% from 1Q 2021). Net loss: JP¥1.58b (loss widened 293% from 1Q 2021). Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has fallen by 15% per year, which means it is significantly lagging earnings. Reported Earnings • May 04
Full year 2021 earnings released: EPS JP¥153 (vs JP¥123 in FY 2020) The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2021 results: Revenue: JP¥190.5b (down 6.7% from FY 2020). Net income: JP¥8.34b (up 24% from FY 2020). Profit margin: 4.4% (up from 3.3% in FY 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 30% per year but the company’s share price has fallen by 17% per year, which means it is significantly lagging earnings. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥30.00 per share Eligible shareholders must have bought the stock before 30 March 2021. Payment date: 29 June 2021. Trailing yield: 3.8%. Within top quartile of Japanese dividend payers (2.7%). In line with average of industry peers (3.5%). Announcement • Mar 11
The Okinawa Electric Power Company, Incorporated to Report Fiscal Year 2021 Results on Apr 30, 2021 The Okinawa Electric Power Company, Incorporated announced that they will report fiscal year 2021 results on Apr 30, 2021 Is New 90 Day High Low • Mar 03
New 90-day high: JP¥1,472 The company is up 1.0% from its price of JP¥1,451 on 03 December 2020. The Japanese market is up 7.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electric Utilities industry, which is up 8.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is JP¥1,050 per share. Announcement • Feb 06
The Okinawa Electric Power Company, Incorporated (TSE:9511) acquired 23.4% stake in Nextems Co., Ltd. The Okinawa Electric Power Company, Incorporated (TSE:9511) acquired 23.4% stake in Nextems Co., Ltd. on February 4, 2021. With the acquisition of the shares, Nextems will become an affiliated company of The Okinawa Electric Power Company.
The Okinawa Electric Power Company, Incorporated (TSE:9511) completed the acquisition of 23.4% stake in Nextems Co., Ltd. on February 4, 2021. Analyst Estimate Surprise Post Earnings • Feb 02
Revenue and earnings miss expectations Revenue missed analyst estimates by 3.5%. Earnings per share (EPS) also missed analyst estimates by 58%. Over the next year, revenue is forecast to stay flat compared to a 4.0% decline forecast for the Electric Utilities industry in Japan. Reported Earnings • Feb 02
Third quarter 2021 earnings released: EPS JP¥12.77 (vs JP¥59.26 in 3Q 2020) The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2021 results: Revenue: JP¥43.4b (down 13% from 3Q 2020). Net income: JP¥695.0m (down 78% from 3Q 2020). Profit margin: 1.6% (down from 6.5% in 3Q 2020). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has fallen by 14% per year, which means it is significantly lagging earnings. Is New 90 Day High Low • Dec 22
New 90-day low: JP¥1,365 The company is down 20% from its price of JP¥1,700 on 23 September 2020. The Japanese market is up 8.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electric Utilities industry, which is down 12% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is JP¥1,057 per share. Announcement • Dec 05
The Okinawa Electric Power Company, Incorporated to Report Q3, 2021 Results on Jan 29, 2021 The Okinawa Electric Power Company, Incorporated announced that they will report Q3, 2021 results on Jan 29, 2021 Is New 90 Day High Low • Dec 04
New 90-day low: JP¥1,413 The company is down 16% from its price of JP¥1,684 on 04 September 2020. The Japanese market is up 10.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electric Utilities industry, which is down 8.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is JP¥1,027 per share. Price Target Changed • Dec 01
Price target lowered to JP¥1,907 Down from JP¥2,055, the current price target is an average from 3 analysts. The new target price is 31% above the current share price of JP¥1,456. As of last close, the stock is down 22% over the past year. Announcement • Sep 12
The Okinawa Electric Power Company, Incorporated to Report Q2, 2021 Results on Oct 30, 2020 The Okinawa Electric Power Company, Incorporated announced that they will report Q2, 2021 results on Oct 30, 2020 Announcement • Jun 20
The Okinawa Electric Power Company, Incorporated to Report Q1, 2021 Results on Jul 31, 2020 The Okinawa Electric Power Company, Incorporated announced that they will report Q1, 2021 results on Jul 31, 2020 
