Okinawa Electric Power Co Inc (JP:9511)
:9511
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Okinawa Electric Power Co
(9511)
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Rating:49Neutral
Price Target:
¥933.00
▼(-15.64% Downside)
Action:Reiterated
Date:05/02/26
The score is held back primarily by a still-risky financial profile (high leverage and persistently negative free cash flow) and weak technical momentum (below major moving averages with negative MACD). Support comes from relatively attractive valuation (low P/E) and a decent dividend yield.
Positive Factors
Regulated local franchise
Okinawa Electric operates a geographically captive, regulated utility franchise serving Okinawa Prefecture. That structural monopoly and tariff-based revenue recovery provide predictable demand and regulated cost pass-throughs, supporting stable long-term cash flows and lower competitive risk.
Negative Factors
High leverage
The company's capital structure remains debt-heavy with leverage rising materially versus earlier years. Elevated debt increases interest expense sensitivity, reduces financial flexibility for capex or shocks, and heightens refinancing risk if rates or funding costs rise.
Read all positive and negative factors
Positive Factors
Negative Factors
Regulated local franchise
Okinawa Electric operates a geographically captive, regulated utility franchise serving Okinawa Prefecture. That structural monopoly and tariff-based revenue recovery provide predictable demand and regulated cost pass-throughs, supporting stable long-term cash flows and lower competitive risk.
Read all positive factors
Okinawa Electric Power Co (9511) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥50.35B
Dividend Yield2.31%
Average Volume (3M)139.76K
Price to Earnings (P/E)―
Beta (1Y)0.60
Revenue Growth-6.92%
EPS Growth44.23%
CountryJP
Employees3,079
SectorUtilities
Sector Strength65
IndustryRenewable Utilities
Share Statistics
EPS (TTM)107.24
Shares Outstanding56,927,963
10 Day Avg. Volume159,450
30 Day Avg. Volume139,760
Financial Highlights & Ratios
PEG Ratio0.21
Price to Book (P/B)0.44
Price to Sales (P/S)0.26
P/FCF Ratio-5.29
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)51.6
Revenue Forecast (FY)¥227.80B
Okinawa Electric Power Co Business Overview & Revenue Model
Company Description
The Okinawa Electric Power Co., Inc. engages in power distribution business. It operates through the Electric and Construction segments. The Electric segment supplies electricity throughout Okinawa Prefecture. The Construction segment carries out ...
How the Company Makes Money
The company primarily makes money by selling electricity to end customers in its service area. Revenue is generated through retail electricity charges that reflect power consumption (kWh) and, where applicable, additional components such as basic/...
Okinawa Electric Power Co Financial Statement Overview
Summary
Income Statement
54
Neutral
Balance Sheet
43
Neutral
Cash Flow
34
Negative
| Breakdown | TTM | Mar 2026 | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 234.60B | 220.18B | 236.54B | 236.39B | 223.52B | 176.23B |
| Gross Profit | 8.97B | 9.29B | 25.63B | 4.06B | -47.88B | 3.35B |
| EBITDA | 32.40B | 32.92B | 30.50B | 25.05B | -28.47B | 26.38B |
| Net Income | 5.83B | 6.23B | 4.32B | 2.39B | -45.46B | 1.96B |
Balance Sheet | ||||||
| Total Assets | 504.13B | 522.48B | 502.18B | 500.24B | 481.80B | 447.70B |
| Cash, Cash Equivalents and Short-Term Investments | 20.66B | 19.81B | 18.75B | 22.16B | 19.06B | 21.87B |
| Total Debt | 320.86B | 320.46B | 312.22B | 314.47B | 304.62B | 227.64B |
| Total Liabilities | 382.03B | 389.62B | 378.63B | 381.40B | 367.30B | 286.41B |
| Stockholders Equity | 119.91B | 130.40B | 121.36B | 116.80B | 112.61B | 159.48B |
Cash Flow | ||||||
| Free Cash Flow | -5.41B | -10.81B | -7.04B | -7.72B | -81.14B | -18.64B |
| Operating Cash Flow | 4.67B | 27.30B | 34.08B | 25.63B | -38.06B | 17.33B |
| Investing Cash Flow | -8.51B | -35.06B | -34.04B | -32.00B | -38.48B | -34.93B |
| Financing Cash Flow | 4.94B | 8.34B | -3.44B | 9.54B | 75.04B | 12.79B |
Okinawa Electric Power Co Technical Analysis
Negative
1106.00
Price Trends
1020.60
Negative
1066.35
Negative
1033.29
Negative
Market Momentum
-29.39
Positive
27.58
Positive
20.61
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:9511, the sentiment is Negative. The current price of 1106 is above the 20-day moving average (MA) of 981.60, above the 50-day MA of 1020.60, and above the 200-day MA of 1033.29, indicating a bearish trend. The MACD of -29.39 indicates Positive momentum. The RSI at 27.58 is Positive, neither overbought nor oversold. The STOCH value of 20.61 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for JP:9511.
Okinawa Electric Power Co Peers Comparison
UnderperformOutperform
Sector (66)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
66 Neutral | $17.65B | 18.10 | 5.60% | 3.62% | 6.62% | 11.55% | |
62 Neutral | ¥503.05B | -4.76 | 16.40% | 3.47% | -10.30% | -53.53% | |
57 Neutral | ¥180.87B | -9.52 | 17.23% | 2.31% | -7.70% | -16.43% | |
50 Neutral | ¥193.16B | -11.24 | 13.70% | 2.36% | -5.11% | -31.49% | |
49 Neutral | ¥50.35B | -2.83 | 4.73% | 2.31% | -6.92% | 44.23% | |
49 Neutral | ¥319.52B | -53.90 | 12.27% | 3.23% | -5.68% | -30.36% | |
43 Neutral | ¥894.82B | 1.23 | -22.13% | ― | -7.07% | -381.65% |
* Utilities Sector Average
JP:9511
Okinawa Electric Power Co
915.00
40.32
4.61%
JP:9504
Chugoku Electric Power Co
905.20
197.60
27.93%
JP:9505
Hokuriku Electric Power Company
878.90
186.19
26.88%
JP:9506
Tohoku Electric Power Company
1,019.00
40.91
4.18%
JP:9501
Tokyo Electric Power Company Holdings
580.70
178.30
44.31%
JP:9509
Hokkaido Electric Power Company,Incorporated
953.50
249.70
35.48%
Okinawa Electric Power Co Corporate Events
Okinawa Electric Power to Restructure Board With New Audit and Supervisory Committee
Apr 30, 2026
The Okinawa Electric Power Company plans to transition to a company with an Audit and Supervisory Committee, pending shareholder approval at its 54th Ordinary General Meeting on June 26, 2026. This shift reflects a move to strengthen oversight and...
Okinawa Electric Power Lifts Profit and Dividend but Withholds FY2027 Outlook Amid Fuel Price Uncertainty
Apr 30, 2026
The Okinawa Electric Power Company reported consolidated results for the year ended March 31, 2026, with net sales declining 6.9% to ¥220.2 billion but operating profit rising 26.9% to ¥9.3 billion. Ordinary profit jumped 44.2% to ¥...
Okinawa Electric Power to Shift to Audit and Supervisory Committee Structure in 2026
Mar 24, 2026
The Okinawa Electric Power Company, Incorporated plans to transition its governance structure from a company with an Audit and Supervisory Board to a company with an Audit and Supervisory Committee, pending shareholder approval at its 54th Ordinar...
Okinawa Electric Power Reshapes Top Leadership, Appoints New President
Feb 25, 2026
The Okinawa Electric Power Company has announced a leadership reshuffle, with current President Hiroyuki Motonaga becoming Representative Director and Chairman and Tetsu Yokoda, now Executive Vice President, stepping up as Representative Director ...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.