The Okinawa Electric Power Company, Incorporated Revises FY2027 Earnings & Dividend Forecast
The Okinawa Electric Power Company, Incorporated (TSE:9511) has disclosed its first earnings and dividend forecast for the fiscal year ending March 2027, after initially leaving guidance undefined due to volatile resource prices.
| Item | Before | After | Change |
|---|---|---|---|
| Revenue | — | JPY 238.8bn | — |
| Operating Profit | — | JPY 7.40bn | — |
| Ordinary Income | — | JPY 5.00bn | — |
| 親会社株主に帰属する当期純利益 | — | JPY 3.40bn | — |
| １株当たり当期純利益 | — | JPY 63M | — |
The utility projects consolidated revenue of JPY 238.8bn with operating profit of JPY 7.40bn and ordinary income (keijo rieki)—a Japan-specific metric combining operating profit with non-operating items—of JPY 5.00bn. Net profit attributable to parent shareholders is forecast at JPY 3.40bn, with earnings per share of JPY 62.60/share. The company will pay an annual dividend of JPY 50.00/share, split equally between interim and year-end distributions.
Management cited extreme uncertainty surrounding fuel and resource prices stemming from Middle East geopolitical tensions as the reason for initially withholding guidance. The company has now established forecasts based on first-quarter results and specific commodity price assumptions: crude oil at USD 83/barrel CIF, coal at USD 131/tonne CIF, and an exchange rate of JPY 159 per dollar. While resource price volatility persists, these assumptions provide a conservative baseline for planning.
The dividend policy reflects management’s commitment to stable shareholder returns and maintaining a consolidated net asset dividend payout ratio (DOE) of 2.0% or higher. Investors should note that actual results may diverge materially from these forecasts given ongoing commodity market uncertainty and geopolitical risks affecting energy costs.
Source: Original filing (TDnet) | 日本語版
This article is for informational purposes only and does not constitute investment advice. Always verify against the original filing.