Okinawa Electric Power Co. Inc. Reports Consolidated and Non Consolidated Earnings Results for the Fiscal Year 2011; Forecasts Consolidated and Non Consolidated Earnings Guidance for the Fiscal 2012
April 27, 2012
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Okinawa Electric Power Co. Inc. reported consolidated and non consolidated earnings results for the fiscal year 2011. For the year on consolidated basis, the company reported sales of JPY 166,075 million, operating income of JPY 12,769 million, ordinary income of JPY 10,273 million and net income of JPY 6,956 million compared to sales of JPY 158,494 million, operating income of JPY 14,376 million, ordinary income of JPY 11,042 million and net income of JPY 8,047 million a year ago. Capital expenditure was JPY 414 million against JPY 476 million a year ago. Cash flow from operating activities was JPY 311 million against JPY 271 million a year ago. EBITDA was JPY 35,288 million against JPY 35,815 million a year ago. ROA (operating income/assets) was 3.2% against 3.8% a year ago. ROA (net income/assets) was 1.8% against 2.1% a year ago. ROE was 5.4% against 6.6% a year ago.
For the year non consolidated basis, the company reported sales of JPY 157,886 million, operating income of JPY 10,844 million, ordinary income of JPY 8,059 million and net income of JPY 5,050 million compared to sales of JPY 150,896 million, operating income of JPY 12,490 million, ordinary income of JPY 9,240 million and net income of JPY 6,872 million a year ago. Capital expenditure was JPY 409 million against JPY 486 million a year ago. Cash flow from operating activities was JPY 299 million against JPY 260 million a year ago. EBITDA was JPY 32,912 million against JPY 33,495 million a year ago. ROA (operating income/assets) was 2.9% against 3.5% a year ago. ROA (net income/assets) was 1.3% against 1.9% a year ago. ROE was 4.2% against 6% a year ago.
The company forecasted consolidated and non consolidated earnings guidance for the fiscal 2012. For the fiscal 2012 on consolidated basis, the company expects sales of JPY 175,100 million, operating income of JPY 7,300 million, ordinary income of JPY 4,600 million and net income of JPY 3,300 million. Capital expenditure is expected JPY 494 million and cash flow from operating activities are expected JPY 210 million.
For the fiscal 2012 on non consolidated basis, the company expects sales of JPY 166,400 million, operating income of JPY 6,000 million, ordinary income of JPY 3,100 million and net income of JPY 2,400 million. Capital expenditure is expected JPY 488 million and cash flow from operating activities are expected JPY 198 million.
Okinawa Electric Power Co Inc is a Japan-based company mainly engaged in the electric power business, and construction and other businesses to supplement and support the electric power business or to make effective use of management resources. The Company operates through two business segments. The electric utility segment is engaged in the provision of service to customers in Okinawa Prefecture, combining power generated by the Company with power received from other sources. The electric utility segment is engaged in the provision of power generation, general transmission and distribution, and retail electricity services. The construction business segment is engaged in the provision of civil, building, electrical, plumbing, and telecommunications construction, as well as installation and maintenance of electric power facilities. The Company is also engaged in contract operation of electromechanical equipment and real estate business.
Okinawa Electric Power Co. Inc. Reports Consolidated and Non Consolidated Earnings Results for the Fiscal Year 2011; Forecasts Consolidated and Non Consolidated Earnings Guidance for the Fiscal 2012
THE OKINAWA ELECTRIC POWER COMPANY, INCORPORATED 
