Translation
Notice: This document is an excerpt translation of the original Japanese document and is only for reference purposes. In the event of any discrepancy between this translated document and the original Japanese document, the latter shall prevail.
Summary of Consolidated Financial Results
for the First Quarter of Fiscal 2022 Ending June 30, 2022
(Based on Japanese GAAP)
Company name: | The Okinawa Electric Power Company,Incorporated | ||
Stock exchange listing: | Tokyo, Fukuoka | ||
Stock code: | 9511 | URL http://www.okiden.co.jp/ | |
Representative: | President | Hiroyuki Motonaga | |
Inquiries: | Accounting & Finance Department | Hiroshi Kinjo | |
Accounting Group Manager | |||
Scheduled date to file quarterly Report: | August 9, 2022 | ||
Scheduled date to commence dividend payments: | - | ||
Preparation of supplementary material on financial results: | Yes | ||
Holding of financial results meeting: | No |
July 29, 2022
TEL 098-877-2341
(Amounts less than one million yen are rounded down) | |||||||||||||||||
1. Consolidated financial results for the First Quarter of Fiscal 2022 Ending June 30, 2022 (from April 1, 2022 to June 30, 2022) | |||||||||||||||||
(1) Consolidated operating results (Cumulative) | Percentages indicate changes from the previous corresponding period | ||||||||||||||||
Net sales | Operating profit | Ordinary profit | Profit attributable to | ||||||||||||||
owners of parent | |||||||||||||||||
Millions of yen | % | Millions of yen | % | Millions of yen | % | Millions of yen | % | ||||||||||
1Q Fiscal 2022 | 48,452 | 32.3 | (9,349) | - | (9,344) | - | (6,899) | - | |||||||||
1Q Fiscal 2021 | 36,610 | - | (1,784) | - | (1,763) | - | (1,577) | - | |||||||||
Earnings per share | Diluted earnings per | ||||||||||||||||
share | |||||||||||||||||
Yen | Yen | ||||||||||||||||
1Q Fiscal 2022 | (127.03) | - | |||||||||||||||
1Q Fiscal 2021 | (28.99) | - | |||||||||||||||
(2) Consolidated financial position | |||||||||||||||||
Total assets | Net assets | Equity ratio | |||||||||||||||
Millions of yen | Millions of yen | % | |||||||||||||||
As of June 30, 2022 | 467,837 | 152,940 | 32.3 | ||||||||||||||
As of March 31, 2022 | 446,519 | 161,287 | 35.7 | ||||||||||||||
2. Cash dividends | |||||||||||||||||
Annual dividends per share | |||||||||||||||||
1st quarter-end | 2nd quarter-end | 3rd quarter-end | Fiscal year-end | Total | |||||||||||||
Yen | Yen | Yen | Yen | Yen | |||||||||||||
Year ended March 31, 2022 | - | 30.00 | - | 30.00 | 60.00 | ||||||||||||
Year ending March 31, 2023 | - | ||||||||||||||||
Year ending March 31, 2023 | 0.00 | - | 0.00 | 0.00 | |||||||||||||
(Forecast) | |||||||||||||||||
3. Consolidated financial results forecast for the year ending March 31, 2023 (from April 1, 2022 to March 31, 2023)
Percentages indicate year-on-year changes
Net sales | Operating profit | Ordinary profit | Profit attributable to | Basic earnings | ||||||||
owners of parent | Per share | |||||||||||
Millions of yen | % | Millions of yen | % | Millions of yen | % | Millions of yen | % | yen | ||||
Fiscal 2022 | 219,000 | 24.3 | (39,800) | - | (40,000) | - | (30,800) | - | (567.10) |
1
4. Notes
-
Changes in significant subsidiaries during the period under review
(changes in specified subsidiaries resulting in the change in scope of consolidation): - Application of special accounting methods in preparation of quarterly consolidated financial statements
No
Yes
(3) Changes in accounting policies, changes in accounting estimates, and restatement of prior period financial statements | |
Changes in accounting policies due to revisions to accounting standards and other regulations: | No |
Changes in accounting policies due to other reasons: | Yes |
Changes in accounting estimates: | Yes |
Restatement of prior period financial statements: | No |
(4) Number of issued shares (common shares)
Total number of issued shares at the end of the period (including treasury shares)
As of June 30, 2022 | 56,927,965 | shares | As of March 31, 2022 | 56,927,965 | shares | |
Number of treasury shares at the end of the period | ||||||
As of June 30, 2022 | 2,616,347 | shares | As of March 31, 2022 | 2,615,991 | shares | |
Average number of shares during the period | ||||||
April 1, 2022 - June 30, 2022 | 54,311,766 | shares | April 1, 2021 - June 30, 2021 | 54,412,393 | shares |
2
Quarterly consolidated financial statements
Quarterly consolidated balance sheets
(Millions of yen) | ||
As of March 31, 2022 | As of June 30, 2022 | |
Assets | ||
Non-current assets | 378,373 | 384,363 |
Electric utility plant and equipment | 300,196 | 299,468 |
Thermal power production facilities | 88,330 | 86,567 |
Internal combustion engine power production facilities | 20,269 | 20,182 |
Transmission facilities | 53,216 | 53,408 |
Transformation facilities | 40,438 | 40,883 |
Distribution facilities | 82,318 | 82,941 |
General facilities | 14,639 | 14,723 |
Other electric utility plant and equipment | 982 | 762 |
Other non-current assets | 24,276 | 34,459 |
Construction in progress | 27,717 | 21,474 |
Construction and retirement in progress | 27,717 | 21,474 |
Investments and other assets | 26,183 | 28,961 |
Long-term investments | 8,122 | 8,449 |
Retirement benefit asset | 2,641 | 2,663 |
Deferred tax assets | 11,394 | 13,860 |
Other | 4,082 | 4,047 |
Allowance for doubtful accounts | (58) | (58) |
Current assets | 68,146 | 83,473 |
Cash and deposits | 21,872 | 24,318 |
Notes and accounts receivable - trade | 13,500 | 13,105 |
Inventories | 12,251 | 21,292 |
Other | 20,651 | 24,907 |
Allowance for doubtful accounts | (129) | (150) |
Total | 446,519 | 467,837 |
3
(Millions of yen) | ||
As of March 31, 2022 | As of June 30, 2022 | |
Liabilities and net assets | ||
Non-current liabilities | 209,882 | 224,466 |
Bonds payable | 70,000 | 90,000 |
Long-term borrowings | 106,825 | 102,233 |
Lease liabilities | 20,377 | 19,582 |
Retirement benefit liability | 11,801 | 11,773 |
Other | 877 | 876 |
Current liabilities | 75,349 | 90,430 |
Current portion of non-current liabilities | 23,184 | 18,318 |
Short-term borrowings | 1,252 | 436 |
Commercial papers | 6,000 | 20,000 |
Notes and accounts payable - trade | 15,020 | 25,884 |
Accrued taxes | 1,918 | 1,196 |
Other | 27,974 | 24,595 |
Total liabilities | 285,232 | 314,896 |
Shareholders' equity | 156,909 | 148,377 |
Share capital | 7,586 | 7,586 |
Capital surplus | 7,223 | 7,223 |
Retained earnings | 147,493 | 138,962 |
Treasury shares | (5,394) | (5,394) |
Accumulated other comprehensive income | 2,574 | 2,770 |
Valuation difference on available-for-sale securities | 2,062 | 2,286 |
Deferred gains or losses on hedges | 38 | 54 |
Remeasurements of defined benefit plans | 474 | 430 |
Non-controlling interests | 1,803 | 1,792 |
Total net assets | 161,287 | 152,940 |
Total | 446,519 | 467,837 |
4
Quarterly consolidated statements of income and quarterly consolidated statements of comprehensive income Quarterly consolidated statements of income
(Millions of yen) | ||
First quarter of FY 2021 | First quarter of FY 2022 | |
(April 1,2021 to June 30, 2021) | (April 1,2022 to June 30, 2022) | |
Operating revenue | 36,610 | 48,452 |
Electric utility operating revenue | 34,168 | 45,625 |
Other business operating revenue | 2,441 | 2,826 |
Operating expenses | 38,395 | 57,802 |
Electric utility operating expenses | 36,060 | 55,054 |
Other business operating expenses | 2,335 | 2,747 |
Operating loss | (1,784) | (9,349) |
Non-operating income | 348 | 291 |
Dividend income | 104 | 111 |
Interest income | 0 | 0 |
Share of profit of entities accounted for using equity method | 94 | 82 |
Other | 148 | 96 |
Non-operating expenses | 326 | 286 |
Interest expenses | 261 | 225 |
Other | 64 | 60 |
Total ordinary revenue | 36,958 | 48,743 |
Total ordinary expenses | 38,721 | 58,088 |
Ordinary loss | (1,763) | (9,344) |
Loss before income taxes | (1,763) | (9,344) |
Total income taxes | (206) | (2,442) |
Loss | (1,556) | (6,902) |
Profit (loss) attributable to non-controlling interests | 20 | (2) |
Loss attributable to owners of parent | (1,577) | (6,899) |
5
This is an excerpt of the original content. To continue reading it, access the original document here.
Attachments
- Original Link
- Original Document
- Permalink
Disclaimer
Okinawa Electric Power Co. Inc. published this content on 29 July 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 29 July 2022 06:23:05 UTC.