Okinawa Electric Power Incorporated : Summary of the Settlement of Accounts for FY2023 1st Quarter

About this update from Okinawa Electric Power Co., Inc.

Summary of the Settlement of Accounts for FY2023 1st Quarter (April 1 - June 30, 2023) July 28, 2023 The Okinawa Electric Power Company, Inc. The Okinawa Electric Power Company, Inc. Table of contents Financial Financial Results for FY2023 1Q YTD (Year-on-Year Comparison) 2 Trends in Electricity Sales Volume 3 Results Non-consolidated - Factors in Revenue and Expenditure Changes 4 for FY2023 Non-consolidated - Trends in Data and Effects of Changes 5 Consolidated - Factors in Revenue and Expenditure Changes 6 1Q YTD Financial Results of each Company 7 Balance Sheet Comparison 8 Financial Outlook for FY2023 Annual Outlook Summary 9 Reference Trends in Financial Indicators (Non-consolidated) 10 Trends in Financial Indicators (Consolidated) 11 1 The Okinawa Electric Power Company, Inc. Financial Results for FY2023 1Q YTD (Year-on-Year Comparison) (Unit: million yen, X) Consolidated (A) Non-consolidated (B) (A) / (B) FY2022 FY2023 Rate of FY2022 FY2023 Rate of FY2022 FY2023 1Q YTD 1Q YTD 1Q YTD 1Q YTD 1Q YTD 1Q YTD Change Change (Results) (Results) (Results) (Results) (Results) (Results) Sales 48,452 53,778 ＋11.0％ 46,757 51,502 ＋10.1％ 1.04 1.04 Operating -9,349 -5,405 － -9,280 -5,813 － － － income Ordinary -9,344 -5,528 － -9,045 -5,631 － － － income Net income * * － -6,596 -5,632 － － － -6,899 -5,701 * Net income attributable to owners of parent. 【Revenue】Increase in income from the price revision in Electric business.【Expenditure】Increase in Repair and maintenance costs and Fuel costs in Electric business. 2 The Okinawa Electric Power Company, Inc. Trends in Electricity Sales Volume Electricity Sales Volume (Unit: million kWh, %) FY2022 FY2023 Rate of 1Q YTD 1Q YTD Change Change (Results) (Results) Lighting 624 589 -35 -5.7 Power 980 981 +1 +0.2 Total 1,604 1,570 -34 -2.1 Power Generated and Received (Unit: million kWh) The demand for Lighting decreased compared with Year-on- Year due to the impact of customer switching to other suppliers and the lower temperature in late April compared with previous year. The demand for Power remained almost unchanged from the previous year due to increase by recovery from the impact of the novel coronavirus, despite decrease in demand from the steel industry. FY2022 1Q YTD FY2023 1Q YTD Rate of Electricity Com- Electricity Com- Change • Power generated and received was 1,755 million kWh, down change generated position generate...

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