Overview
Electric Power and Gas

The Okinawa Electric Power Company,Incorporated

Okinawa Electric Power Company is the sole general electric utility serving Okinawa Prefecture, engaged in the generation, transmission, distribution, and sale of electricity across the Okinawa islands. The company operates a diverse power generation portfolio including thermal (oil, LNG, gas engine), solar, and wind facilities, complemented by construction and other ancillary businesses through its group companies. As a vertically integrated regional monopoly utility, the company benefits from a captive service territory with no competing grid operator in its jurisdiction.

Market Cap
¥62.2B
US$397M
EV
¥370B
US$2.36B
Stock¥1,146▼-0.26%
US$1 = ¥156.80 (2026-10-23)
LTM EV/EBITDA
13.6
x
LTM EV/EBIT
105.8
x
LTM PER
162.5
x
LTM PBR
0.5
x
Stock vs TOPIX (1Y, base=100)vs TOPIX ▼-9.8%pt
1001
Oct 24, 25 – Oct 23, 26StockTOPIX
1Jul 31, 26Q1 FY2027/03 earnings announced
MC → EV Bridge
62.2BUS$397MMarket Cap342BUS$2.18B+ Debt22.8BUS$145M− Cash14.2BUS$90.4M− Inv. Sec.2.49BUS$15.9M+ NCI370BUS$2.36BEV
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Performance & Balance
Revenue 5Y (¥B)
176US$1.12B'22/3224US$1.43B'23/3236US$1.51B'24/3237US$1.51B'25/3220US$1.40B'26/3
EBITDA 5Y (¥B)
26.4US$168M'22/3-28.5-US$182M'23/325.1US$160M'24/330.8US$196M'25/332.9US$210M'26/3
Net Income 5Y (¥B)
1.96US$12.5M'22/3-45.5-US$290M'23/32.39US$15.2M'24/34.32US$27.6M'25/36.23US$39.8M'26/3
Capital Structure
26%
74%
EquityD/E 2.79xDebt
Liquidity vs Debt 5Y (¥B)▼ Net Debt
CashInv. Sec.Debt
30.0US$191M198US$1.27B'22/327.3US$174M303US$1.93B'23/331.6US$201M314US$2.01B'24/328.9US$184M312US$1.99B'25/334.0US$217M322US$2.05B'26/3
Shareholders
Top 10 hold 38.3%
1
The Master Trust Bank of Japan, Ltd. (Trust Account)
11.03%
2
The Okinawa Electric Power Company,Incorporated Employee Stock Ownership Association
5.98%
3
Governor of Okinawa Prefecture
5.20%
4
The Bank of Okinawa,Ltd.
4.64%
5
Custody Bank of Japan, Ltd. (Trust Account)
2.70%
6
Nippon Life Insurance Company
2.32%
7
Meiji Yasuda Life Insurance Company
1.92%
8
Mizuho Bank, Ltd.
1.56%
9
THE OKINAWA KAIHO BANK,LTD.
1.47%
10
Mitsubishi UFJ Trust and Banking Corporation
1.46%
Management
14 officers
Hiroyuki MOTONAGA
Representative Director, Chairman
Apr 1988 Joined Okinawa Electric Power Co., Inc. Jul 2011 General Manager, Planning Department, Planning Headquarters Jun 2013 Director, General Manager, General Affairs Department Jun 2015 Representative Director, Executive Vice President; General Manager, Customer Service Headquarters; in charge of CSR Jun 2017 Representative Director, Executive Vice President; General Manager, Planning Headquarters; in charge of CSR Dec 2017 Representative Director, President, Reliance Energy Okinawa Co., Ltd. Apr 2019 Representative Director, President; General Manager, Planning Headquarters; in charge of CSR Jun 2019 Representative Director, President; General Manager, Customer Service Headquarters Jul 2019 Representative Director, President; General Manager, Sales Headquarters Jun 2021 Representative Director, President and Executive Officer Apr 2026 Representative Director, Chairman (current)
1963-09-22
Satoshi YOKOTA
Representative Director, President, Executive Officer
Apr 1991 Joined Okinawa Electric Power Co., Inc. Jul 2014 General Manager, Power Distribution Department, Electric Power Headquarters Jun 2015 Executive Officer, General Manager, Power Distribution Department, Electric Power Headquarters; Deputy General Manager, Electric Power Headquarters Apr 2016 Executive Officer, General Manager, Power Distribution Department, Transmission and Distribution Headquarters; Deputy General Manager, Transmission and Distribution Headquarters Jun 2016 Director, General Manager, Power Distribution Department, Transmission and Distribution Headquarters; General Manager, Transmission and Distribution Headquarters Jun 2019 Director, General Manager, Transmission and Distribution Headquarters Jun 2020 Managing Director, General Manager, IT Promotion Headquarters; General Manager, Transmission and Distribution Headquarters Jun 2021 Director, Managing Executive Officer; General Manager, IT Promotion Headquarters and Transmission and Distribution Headquarters; President, Remote Islands Company Jun 2023 Chief Executive Officer, Seed Okinawa LLC Jun 2023 Representative Director, Executive Vice President, Executive Officer; General Manager, Transmission and Distribution Headquarters, Okinawa Electric Power Co., Inc. Mar 2025 Representative Director, President, OKIDEN PACIFIC ISLANDS CORPORATION Jun 2025 Representative Director, Executive Vice President, Executive Officer; General Manager, Management Strategy Headquarters, Okinawa Electric Power Co., Inc. Apr 2026 Representative Director, President, Executive Officer; General Manager, Management Strategy Headquarters, Okinawa Electric Power Co., Inc. (current)
1967-05-02
Yuto NARUZOKO
Representative Director, Executive Vice President, Executive Officer
Apr 1987 Joined Okinawa Electric Power Co., Inc. Jul 2013 General Manager, Planning Department, Planning Headquarters Jun 2015 Executive Officer, General Manager, General Affairs Department Jun 2016 Director, General Manager, General Affairs Department Jun 2019 Managing Director; in charge of CSR; General Manager, Planning Headquarters; Deputy General Manager, Customer Service Headquarters Jul 2019 Managing Director; in charge of CSR; General Manager, Planning Headquarters; Deputy General Manager, Sales Headquarters Apr 2020 Managing Director; in charge of CSR; General Manager, Planning Headquarters; General Manager, Sales Headquarters Jun 2021 Representative Director, President, Okinawa New Energy Development Co., Ltd. Jun 2021 Director, Senior Managing Executive Officer; in charge of CSR; General Manager, Planning Headquarters; General Manager, Sales Headquarters, Okinawa Electric Power Co., Inc. Jun 2023 Representative Director, Executive Vice President, Executive Officer; General Manager, Sales Headquarters (current)
1963-10-31
Masahide ITOKAZU
Director, Managing Executive Officer; General Manager, Management Strategy Headquarters; General Manager, Group Business Promotion Headquarters
Apr 1992 Joined Okinawa Electric Power Co., Inc. Jun 2019 General Manager, General Affairs Department Jul 2020 Executive Officer, General Manager, General Affairs Department Jun 2021 Executive Officer, General Manager, General Affairs Department Jul 2022 Executive Officer, General Manager, Planning Department, Management Strategy Headquarters; Deputy General Manager, Management Strategy Headquarters Jun 2024 Executive Officer; Deputy General Manager, Management Strategy Headquarters Jun 2025 Director, Managing Executive Officer (current); General Manager, Group Business Promotion Headquarters (current) Jun 2026 Representative Director, President, OKIDEN PACIFIC ISLANDS CORPORATION Jun 2026 General Manager, Management Strategy Headquarters, Okinawa Electric Power Co., Inc. (current)
1968-11-20
Toshihito SHIROMA
Director, Managing Executive Officer; General Manager, Sales Headquarters
Apr 1992 Joined Okinawa Electric Power Co., Inc. Jul 2017 Group Leader (General Manager), Planning Group, Customer Service Headquarters Jul 2019 General Manager, Corporate Sales Department, Sales Headquarters Jul 2022 Executive Officer, General Manager, Corporate Sales Department, Sales Headquarters; Deputy General Manager, Sales Headquarters Jun 2023 Executive Officer, General Manager, Corporate Sales Department, Sales Headquarters; Deputy General Manager, Sales Headquarters Jun 2024 Executive Officer, General Manager, General Affairs Department Jun 2026 Director, Managing Executive Officer (current); General Manager, Sales Headquarters (current)
1969-05-19
Kenichiro YAMASATO
Director, Managing Executive Officer; General Manager, Transmission and Distribution Headquarters
Apr 1992 Joined Okinawa Electric Power Co., Inc. Jul 2020 General Manager, Power Distribution Department, Transmission and Distribution Headquarters Jul 2022 General Manager, Power Distribution Department, Transmission and Distribution Headquarters Jun 2025 Executive Officer; General Manager, Transmission and Distribution Headquarters (current) Jun 2026 Chief Executive Officer, Seed Okinawa LLC Jun 2026 Director, Managing Executive Officer, Okinawa Electric Power Co., Inc. (current)
1969-09-05
Tomonari HABIRA
Director, Managing Executive Officer; General Manager, Carbon Neutrality Promotion Headquarters; General Manager, Power Generation Headquarters
Apr 1996 Joined Okinawa Electric Power Co., Inc. Jul 2022 General Manager, Power Generation Department, Power Generation Headquarters Jul 2024 General Manager, Power Generation Department, Power Generation Headquarters Jun 2025 Executive Officer; General Manager, Power Generation Department, Power Generation Headquarters; Deputy General Manager, Carbon Neutrality Promotion Headquarters; Deputy General Manager, Power Generation Headquarters Jun 2026 Director, Managing Executive Officer (current); General Manager, Carbon Neutrality Promotion Headquarters (current); General Manager, Power Generation Headquarters (current)
1970-05-13
Seiko NOZAKI
Director
Oct 2002 Joined Mori Hamada & Matsumoto Sep 2006 Joined Miyazaki Law Office (currently Naha Sogo Law Office) Jan 2013 Representative, Umuyasu Law and Accounting Office (current) May 2015 Outside Director, San-A Co., Ltd. May 2017 Outside Director, Audit and Supervisory Committee Member, San-A Co., Ltd. Jun 2019 Director, Okinawa Electric Power Co., Inc. (current) Apr 2024 President, Okinawa Bar Association Jun 2025 Outside Director, Audit and Supervisory Committee Member, Okinawa Financial Group, Inc. (current)
1974-02-25
Toyoyuki NAGAMINE
Director
Apr 1980 Joined All Nippon Airways Co., Ltd. Apr 2013 Director, in charge of Personnel and Labor Affairs Jun 2015 Director, Executive Officer, ANA Holdings Inc. Apr 2016 Managing Executive Officer, Director, ANA Holdings Inc. Apr 2017 Representative Director, Senior Executive Vice President, ANA Holdings Inc. Apr 2020 Senior Advisor, ANA Holdings Inc. Jun 2020 Full-time Audit & Supervisory Board Member, ANA Holdings Inc. Jun 2022 Senior Advisor, ANA Holdings Inc. Apr 2023 Advisor, ANA Research Institute Co., Ltd. (current) Jun 2023 Director, Okinawa Electric Power Co., Inc. (current)
1955-09-10
Emi TAMAKI
Director
Dec 2011 Project Researcher, Graduate School of Arts and Sciences, The University of Tokyo Jul 2012 Representative Director, H2L Co., Ltd. Apr 2013 Assistant Professor, Department of Human Information Science, School of Human Sciences, Waseda University Oct 2015 Researcher, PRESTO, Japan Science and Technology Agency Apr 2017 Associate Professor, Graduate School of Creative Science and Engineering, Waseda University; Part-time Lecturer, School of Human Sciences, Waseda University Mar 2021 Representative Director, H2L Co., Ltd. (current) Apr 2021 Professor, Faculty of Engineering, University of the Ryukyus Mar 2023 Outside Director, Zenhoren Co., Ltd. Apr 2023 Specially Appointed Professor, Department of Systems Innovation, Graduate School of Engineering, The University of Tokyo (current) Jun 2023 Director, Okinawa Electric Power Co., Inc. (current) Apr 2026 Visiting Professor, Faculty of Engineering, University of the Ryukyus (current)
1984-01-20
Tatsuki YOGI
Director, Audit and Supervisory Committee Member
Apr 1989 Joined Daido Fire & Marine Insurance Co., Ltd. Jul 2010 General Manager, Operations Department Jun 2015 Director, General Manager, Operations Department Jun 2016 Director, General Manager, Sales Planning and Promotion Department Jun 2017 Managing Director Jun 2018 Representative Director, President Jun 2019 Director, Okinawa Electric Power Co., Inc. Jun 2024 Chairman of the Board, Daido Fire & Marine Insurance Co., Ltd. (current) Jun 2025 Outside Director, Okinawa Cellular Telephone Company (current) Jun 2026 Director, Audit and Supervisory Committee Member, Okinawa Electric Power Co., Inc. (current)
1965-03-19
Miwa KOSHO
Director, Audit and Supervisory Committee Member
Dec 2006 Joined Azsa LLC Nov 2010 Co-Representative, Kosho Certified Public Accountant Office (current) Jun 2019 Audit & Supervisory Board Member, Okinawa Electric Power Co., Inc. Jun 2026 Director, Audit and Supervisory Committee Member, Okinawa Electric Power Co., Inc. (current)
1982-08-28
Shigeru KAMIYA
Director, Audit and Supervisory Committee Member
Apr 1982 Joined The Okinawa Bank, Ltd. May 2004 Representative Director, Okinawa Management Support Co., Ltd. (current) Jun 2019 Representative Director (Chairman), Okinawa Prefecture Small and Medium Enterprise Management Consultants Association (incorporated association) Jun 2023 Audit & Supervisory Board Member, Okinawa Electric Power Co., Inc. Jun 2026 Director, Audit and Supervisory Committee Member, Okinawa Electric Power Co., Inc. (current)
1964-01-26
Satoshi NAKAO
Director, Audit and Supervisory Committee Member (Full-time)
Apr 1993 Joined Okinawa Electric Power Co., Inc. Jun 2022 General Manager, Accounting Department Jul 2024 General Manager, Materials Department Oct 2025 General Manager, Procurement Department Jun 2026 Director, Audit and Supervisory Committee Member (Full-time) (current)
1971-01-11
Large Shareholding Reports
No filings
Disclosures
No disclosures
Primary Source Filings
TDnet
2026-07-31
中期経営計画
TDnet
2026-07-31
Q1 Earnings Flash
FY ending Mar 2027
EDINET
2026-06-25
Annual Securities Report
Period: Apr 2025 – Mar 2026
TDnet
2026-01-30
Q3 Earnings Flash
FY ending Mar 2026
EDINET
2025-11-11
Semi-Annual Securities Report
Period: Apr 2025 – Mar 2026
TDnet
2025-07-31
Q1 Earnings Flash
FY ending Mar 2026
EDINET
2025-06-30
Annual Securities Report
Period: Apr 2024 – Mar 2025
TDnet
2025-01-31
Q3 Earnings Flash
FY ending Mar 2025
EDINET
2024-11-12
Semi-Annual Securities Report
Period: Apr 2024 – Mar 2025
TDnet
2024-07-31
Q1 Earnings Flash
FY ending Mar 2025
EDINET
2024-06-28
Annual Securities Report
Period: Apr 2023 – Mar 2024
EDINET
2024-02-13
Quarterly Securities Report
Period: Oct 2023 – Dec 2023
EDINET
2023-11-13
Quarterly Securities Report
Period: Jul 2023 – Sep 2023
EDINET
2023-08-10
Quarterly Securities Report
Period: Apr 2023 – Jun 2023
EDINET
2023-06-30
Annual Securities Report
Period: Apr 2022 – Mar 2023
EDINET
2023-02-13
Quarterly Securities Report
Period: Oct 2022 – Dec 2022
EDINET
2022-11-11
Quarterly Securities Report
EDINET
2022-08-10
Quarterly Securities Report
EDINET
2022-06-30
Annual Securities Report
EDINET
2022-02-09
Quarterly Securities Report
EDINET
2021-11-09
Quarterly Securities Report
EDINET
2021-08-10
Quarterly Securities Report
EDINET
2021-06-30
Annual Securities Report
EDINET
2021-02-09
Quarterly Securities Report
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