The Okinawa Electric Power Company, Incorporated
OKEPF
Other OTC6.55
USD
- -
- -
ISIN
JP3194700005
Return %
Stock
S&P500
1Y
-1.50
18.85
3Y
-23.21
64.56
5Y
-51.30
71.64
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
FRC
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- CEO
- Tetsu Yokoda
- Full Time Employees
- 3,154
- Sector
- Utilities
- Industry
- Renewable Utilities
- Address
- 2-1, Makiminato 5-chome Urasoe ON Japan 902-2602
- IPO Date
- Jan 13, 2016
- Website
- okiden.co.jp
- Similar Companies
- Business
- The Okinawa Electric Power Company, Incorporated (OEPC) is an electric utility that generates, transmits, and distributes electricity exclusively within Okinawa Prefecture, Japan, serving 38 inhabited islands across 11 isolated systems with no nuclear or hydroelectric facilities and reliance on thermal power sources including coal-fired (752,000 kW at two locations), oil-fired (375,000 kW at two locations), LNG-fired (502,000 kW at one location), gas turbine (326,000 kW at five locations), internal-combustion (253,000 kW at 13 locations), and wind power (2,000 kW at five locations); it also provides retail electricity services to residential and commercial customers, gas supply, energy-saving programs, CO2-free menus, comprehensive energy solutions via "Okiden.COM", civil/building/electrical/plumbing/telecommunications construction, electromechanical equipment operation, real estate, and renewables initiatives like the "karE-roof" PV-TPO business, biomass co-firing, hydrogen co-firing tests, and microgrids. Founded on May 15, 1972, as successor to Ryukyu Electric Power Corporation and headquartered in Urasoe, Okinawa, the company operates through segments including electric utilities and construction, employs 3,128 consolidated staff, and maintains ratings of AA from R&I and A+ from S&P as of October 2025. Recent developments encompass the September 2025 announcement of its first off-site power purchase agreement (PPA) sleeving 1.7 GWh annually from Toda Corporation's 1 MW rooftop solar at Urasoe Logistics Center to Orion Hotel Motobu Resort & Spa starting October 2025; the January 2025 launch of the "Okiden PX Project" for procurement transformation, cost optimization, productivity gains via DX, and skill development targeting P/L effects of 3 billion yen and cash effects of 5 billion yen; ongoing FY2024 hydrogen co-firing validation at Yoshinoura Multi Gas Turbine Power Plant achieving 30% blend and FY2025 commercial load tests under NEDO; November 2025 decision to build a 130,000 kW high-efficiency gas turbine combined cycle at Makiminato Thermal Power Plant fueled by natural gas (ammonia-compatible) for FY2032 startup replacing aging heavy oil units; FY2025-2027 Cabinet Office-funded demonstrations for 100% renewables on Hateruma Island via solar/wind/batteries/EMS and Miyako No. 2 Power Plant battery storage; FY2025 capital expenditures of 43.9 billion yen focused on power source replacements, supply reliability, and next-generation networks; a board change effective June 27, 2025 appointing Masahide Itokazu as director; and FY2025 outlook projecting consolidated sales of 219.3 billion yen, operating income of 10 billion yen, amid -30% CO2 reduction target by FY2030 versus FY2005 under "Just Transition in Okinawa" roadmap toward 2050 net zero.