The Okinawa Electric Power Company, Incorporated
9511・Prime Market・Electric Power & Gas
The Okinawa Electric Power Company, Incorporated
9511・Prime Market・Electric Power & Gas
Governance
The company has a Board of Corporate Auditors system (planning to transition to a Company with an Audit and Supervisory Committee following approval at the Annual General Meeting of Shareholders in June 2026). The Board of Directors meets 17 times per year and includes 4 independent outside directors, with a Nomination and Compensation Committee established under the Board of Directors.
Risk Management
Based on the "Risk Management Basic Guidelines," each division regularly identifies, analyzes, and evaluates risks. The company has established the "Disaster Countermeasure Guidelines" and "Crisis Management Countermeasure Guidelines," conducts training exercises assuming typhoons, tsunamis, and other events, and evaluates and manages physical risks, including climate change risk, as a key risk.
Shareholder Returns
The basic policy is "stable and continuous dividends," with a target of maintaining a DOE of 2.0% or higher. In the final year of the recovery period (FY2026, ending March 2026), interim and year-end dividends of ¥15 each (¥30 annually) were paid, achieving a consolidated equity ratio of 25.0%. The dividend for the next fiscal year (FY2027, ending March 2027) is undecided as the profit level cannot yet be forecast.
Dividend Policy
The basic policy is "stable and continuous dividends," with a policy of maintaining a consolidated dividend on equity ratio (DOE) of 2.0% or higher. Following the impairment of the financial base due to the significant loss in FY2022, the three-year period through FY2025 was set as a recovery period, during which the dividend level was raised in stages. The annual dividend was ¥10 for FY2024 (ending March 2024) and ¥20 for FY2025 (ending March 2025). In FY2026 (ending March 2026), the final year of the recovery period, an interim dividend of ¥15 and a year-end dividend of ¥15 were paid, totaling ¥30 annually (payout ratio of 26.1%, total dividends of ¥1,632 million), achieving a consolidated equity ratio of 25.0%. Regarding the dividend for the next fiscal year (FY2027, ending March 2027), with the conclusion of the recovery period, dividends will be planned based on the basic policy on profit distribution; however, as the profit level for the next fiscal year cannot yet be forecast, the dividend forecast amount is undecided, and it will be disclosed promptly once a dividend forecast becomes possible based on the earnings forecast and other factors.
ESG
Based on the TCFD (Task Force on Climate-related Financial Disclosures) framework, the company discloses climate change-related risks and opportunities, and is pursuing "making renewable energy the mainstay power source" and "reducing CO2 emissions from thermal power sources" with the goal of achieving carbon neutrality by 2050. In terms of human capital, the company is promoting an increase in the ratio of female managers (targeting 1.5 times the FY2024 level by the end of March 2031), development of DX and AI human resources, and health-conscious management.
Last updated: June 25, 2026