Okinawa Electric Power Incorporated : Summary of the Settlement of Accounts for FY2023

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Summary of the Settlement of Accounts for FY2023 April 30, 2024 The Okinawa Electric Power Company, Inc. The Okinawa Electric Power Company, Inc. Table of contents Financial Results for FY2023 (Year-on-Year Comparison) 2 【Reference】 Main factors in Changes of Consolidated Ordinary Income 3 Financial Financial Results for FY2023 (Comparison with previous forecasts(Jun.2024)) 4 Trends in Electricity Sales Volume 5 Results Non-consolidated - Factors in Revenue and Expenditure Changes 6 Non-consolidated - Trends in Data and Effects of Changes 7 for FY2023 Consolidated - Factors in Revenue and Expenditure Changes 8 Financial Results of each Company 9 Balance Sheet Comparison 10 State of Capex, Cash Flow and Interest-bearing Debt 11 Financial Annual Outlook Summary 12 Non-consolidated - Revenue and Expenditure Forecasts, Factors in Changes 13 Outlook Non-consolidated - Trends in Data and Effects of Changes (Forecasts) 14 for FY2024 Consolidated - Revenue and Expenditure Forecasts, Factors in Changes 15 Outlook of Capex, Cash Flow and Interest-bearing Debt 16 Shareholder FY2023 Dividend and FY2024 Dividend Forecast 17 Return Reference Trends in Financial Indicators (Non-consolidated) 18 Trends in Financial Indicators (Consolidated) 19 1 The Okinawa Electric Power Company, Inc. Financial Results for FY2023 (Year-on-Year Comparison) (Unit: million yen, X) Consolidated (A) Non-consolidated (B) (A) / (B) FY2022 FY2023 Change Rate of FY2022 FY2023 Change Rate of FY2022 FY2023 (Results) (Results) Change (Results) (Results) Change (Results) (Results) Sales 223,517 236,394 12,876 +5.8％ 213,383 225,609 12,226 +5.7％ 1.05 1.05 Operating -48,406 3,481 51,888 － -50,582 1,027 51,610 － ー 3.39 income Ordinary -48,799 2,568 51,367 － -50,245 387 50,632 － ー 6.63 income Net income -45,457* 2,391* 47,848 － -45,934 1,200 47,135 － ー 1.99 * Net income attributable to owners of parent. Consolidated and Non-consolidated : Increase in Sales and Income for the first time in 6 years (First profit in 2 years) 【Revenue】Increase in Sales due to the price revision in Electric business.【Expenditure】Decrease in Fuel costs and Purchased power costs due to lower fuel price in Electric business. Increase in Non-current assets retirement costs, due to the retirement of the damaged coal unloader at the Gushikawa Thermal Power Plant in Electric business. 2 The Okinawa Electric Power Company, Inc. 【Refe...

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