The Okinawa Electric Power Company, Incorporated Announces Consolidated and Non-Consolidated Earnings Results for the Full Year 2015; Provides Consolidated and Non-Consolidated Earnings Guidance for the Fiscal 2016
April 28, 2016
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The Okinawa Electric Power Company, Incorporated announced consolidated and non-consolidated earnings results for the full year 2015. For the period, the consolidated company reported sales of ¥182,265 million, operating income of ¥7,239 million, ordinary income of ¥5,229 million, net income of ¥3,647 million compared to sales of ¥185,001 million, operating income of ¥9,479 million, ordinary income of ¥7,638 million, net income of ¥4,943 million for the same period last year. Interest-bearing debt was ¥188,748 million against ¥200,882 million a year ago. Capital expenditure was ¥20,267 million against ¥24,281 million a year ago. Cash flow from operating activities was ¥33,875 million against ¥28,717 million a year ago. ROA (operating income/assets) was 1.7% against 2.2% a year ago. ROA (net income/assets) was 0.9% against 1.2% a year ago. ROE was 2.5% against 3.4% a year ago.
For the period, the non-consolidated company reported sales of ¥174,286 million, operating income of ¥5,597 million, ordinary income of ¥3,784 million, net income of ¥2,931 million compared to sales of ¥177,509 million, operating income of ¥7,525 million, ordinary income of ¥5,720 million, net income of ¥3,960 million for the same period last year. Interest-bearing debt was ¥187,153 million against ¥199,767 million a year ago. Capital expenditure was ¥18,466 million against ¥24,569 million a year ago. Cash flow from operating activities was ¥32,206 million against ¥27,793 million a year ago. EBITDA was ¥31,740 million against ¥34,840 million a year ago. ROA (operating income/assets) was 1.4% against 1.9% a year ago. ROA (net income/assets) was 0.7% against 1.0% a year ago. ROE was 2.2% against 3.0% a year ago.
For the fiscal 2016, the consolidated company expects sales of ¥174,500 million, operating income of ¥8,200 million, ordinary income of ¥6,600 million, net income of ¥4,900 million, capital expenditure of ¥24,900 million, cash flow from operating activities of ¥31,200 million, interest-bearing debt outstanding of ¥184,400 million.
For the fiscal 2016, the non-consolidated company expects sales of ¥166,200 million, operating income of ¥6,600 million, ordinary income of ¥5,000 million, net income of ¥4,000 million, capital expenditure of ¥23,900 million, cash flow from operating activities of ¥29,700 million, interest-bearing debt outstanding of ¥180,600 million.
The Okinawa Electric Power Company, Incorporated is a Japan-based company mainly engaged in electricity business. The Company mainly engaged in power supply, general power transmission and distribution, and retail electricity business in Okinawa. It is also engaged in the construction of civil engineering, construction, electricity, pipe and telecommunications business, the construction and maintenance of electric power equipment, environmental and geological surveys, the sale and construction of air conditioning equipment, sanitary equipment and electric water heaters, the leasing of vehicle and article, non-life insurance agency, the design, construction, operation and sale of computer systems, the sale and leasing of computers and peripheral equipment, the management, sale and leasing of land and buildings, aquaculture, wind power generation, the sale of natural gas, the installation of private power generation systems.
The Okinawa Electric Power Company, Incorporated Announces Consolidated and Non-Consolidated Earnings Results for the Full Year 2015; Provides Consolidated and Non-Consolidated Earnings Guidance for the Fiscal 2016