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The Okinawa Electric Power Company, Incorporated

The Okinawa Electric Power Company, Incorporated

OKEPF
The Okinawa Electric Power Company, IncorporatedUS flagOther OTC
6.55
USD
- -
- -
355.76MMarket Cap
The Okinawa Electric Power Company, Incorporated
OKEPF
(Other OTC)

Recent

price

6.55

P/E

ratio

- -

div

yld

- -

ROIC.AI

2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
TTM
FRC
2,792.51
2,926.13
2,932.6
3,158.67
3,259.86
3,212.13
2,538.15
3,501.24
3,595.94
3,754.14
3,501.27
3,242.48
4,115.44
4,352.16
4,355.89
4,053.77
1,949.83
Revenue per Share
141.78
122.56
76.08
83.36
87.1
64.27
77.8
111.98
65.64
123.21
153.29
36.04
-836.97
44.02
79.59
114.78
-15.6
Basic EPS, GAAP
478.32
548.46
495.66
682.34
506.02
597
449.92
582.13
290.64
663.23
582.31
318.82
-700.81
471.83
627.62
502.69
- -
Free Cash Flow per Basic Share
18.45
18.47
18.45
18.47
18.45
23.09
27.67
44.13
48.95
57.04
58.51
60
30.09
5.1
15.08
25.06
- -
Dividend per Share
2,078.02
2,182.17
2,239.8
2,304.74
2,414.55
2,456.12
2,015.3
2,619.1
2,584.26
2,779.86
2,874.78
2,853.3
1,988.33
2,027.17
2,092.23
2,181.56
2,121.01
Book Value per Share
2,220.98
2,330.84
2,397.21
2,486.23
2,607.38
2,610.22
2,162.54
2,726.94
2,667.09
2,861.32
2,996.86
2,967.49
2,108.08
2,187.73
2,275.17
2,446.22
2,277.32
Tangible Book Value per Share
57
57
57
57
57
57
71
56
57
54
54
54
54
54
54
54
54
Basic Weighted Avg Shares
158,494
166,074
166,439
179,265
185,000
182,264
179,997
196,133
205,480
204,295
190,520
176,231
223,516
236,393
236,539
220,176
105,893
Sales/Revenue/Turnover
9.07
7.69
5.39
4.85
5.12
3.97
5.07
4.76
2.65
5.05
6.62
1.59
-21.66
1.47
3.1
4.22
-1.15
Operating Margin (%)
21,439
22,519
24,249
29,058
27,428
26,583
25,267
24,153
23,239
22,384
22,346
23,573
19,937
21,569
23,459
23,631
- -
Depreciation Expense
8,047
6,956
4,318
4,731
4,943
3,647
5,517
6,273
3,751
6,705
8,341
1,959
-45,457
2,391
4,322
6,234
-847
Net Income, GAAP
26.53
30.35
29.95
30.2
34.17
29.09
25.21
23.6
26.19
27.05
24.92
21.57
- -
0.97
20.69
20.29
18.46
Effective Tax Rate (%)
5.08
4.19
2.59
2.64
2.67
2
3.07
3.2
1.83
3.28
4.38
1.11
-20.34
1.01
1.83
2.83
-0.8
Profit Margin (%)
-22,497
-29,627
-15,244
-17,759
-17,322
-18,530
-14,364
-14,333
3,485
-813
-5,415
-7,203
8,618
-4,997
-31,463
-11,049
-17,554
Working Capital
186,741
190,352
223,056
208,818
198,935
184,474
176,949
174,052
186,312
181,908
183,727
197,202
283,360
265,694
264,304
293,139
264,677
LT Debt
126,056
132,288
136,053
141,102
147,971
148,110
153,360
152,758
152,403
155,709
163,073
161,285
114,493
118,829
123,549
132,864
123,679
Total Equity
3.47
2.63
1.7
1.59
1.64
1.37
1.87
1.98
1.12
2.08
2.63
0.61
- -
0.87
1.48
1.79
- -
Return on Invested Capital (%)
3.46
2.68
1.75
1.78
1.78
1.46
1.96
2.15
1.36
2.13
2.56
0.72
- -
1
1.48
2.02
-1.92
Return on Capital (%)
7.03
5.75
3.44
3.67
3.69
2.64
3.91
4.33
2.55
4.49
5.42
1.26
-34.56
2.19
3.86
5.37
-0.75
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Mar'24
Jun'25
Sep'25
ST Debt
5,221
- -
2,050
LT Borrowings
265,694
- -
264,677
LT Finance Leases
16,828
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
54
- -
54
Market Capitalization
- -
- -
65,906

Working Capital

FRC

•

in mil. unless spec.
Mar'24
Jun'25
Sep'25
Total Current Assets
80,010
- -
93,366
Cash, Cash Equivalents & STI
22,158
- -
24,346
Accounts Receivable, Net
13,912
- -
22,903
Inventories
18,132
- -
16,801
Total Current Liabilities
85,007
- -
110,920
Payables & Accruals
- -
- -
- -
ST Debt
5,221
- -
2,050
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
-0.5%
-2.96%
7.54%
Free Cash Flow
-46.68%
-103.84%
-19.89%
Net Income, GAAP
-234.93%
-495.44%
44.24%
Sales/Revenue/Turnover
2.34%
3.65%
-6.92%
Total Cash Common Dividend
23.38%
26.27%
66.18%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
53,778
76,722
56,812
49,081
236,393
2025
- -
- -
- -
- -
236,539
2026
- -
- -
- -
- -
220,176

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
-104.97
- -
- -
- -
44.02
2025
- -
- -
- -
- -
79.59
2026
- -
- -
- -
- -
114.78

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
5.1
2025
- -
- -
- -
- -
15.08
2026
- -
- -
- -
- -
25.06
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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.