The Okinawa Electric Power Company, Incorporated announced consolidated and non-consolidated earnings results for the fiscal 2017 and provided consolidated and non consolidated earnings guidance for fiscal 2018. For fiscal 2017, consolidated sales were JPY 196,134 million compared to JPY 179,997 million for the same period a year ago. Operating income was JPY 9,333 million compared to JPY 9,126 million for the same period a year ago. Net income was JPY 6,273 million compared to JPY 5,517 million for the same period a year ago. Cash flow from operating activities was JPY 32,610 million compared to JPY 31,907 million for the same period a year ago. EBITDA was JPY 33,486 million. Return on operating income and net income per assets was 2.3% and 1.6% compared to 2.3% and 1.4% a year ago. Capital expenditure was JPY 18,942 million compared to JPY 18,747 million for the same period a year ago. Return on equity was 4.1% compared to 3.7% a year ago.

For fiscal 2017, non-consolidated sales were JPY 188,075 million compared to JPY 172,340 million for the same period a year ago. Operating income was JPY 7,160 million compared to JPY 7,112 million for the same period a year ago. Income before tax was JPY 6,322 million compared to JPY 5,622 million for the same period a year ago. Net income was JPY 5,106 million compared to JPY 4,486 million for the same period a year ago. Cash flow from operating activities was JPY 32,532 million compared to JPY 32,049 million for the same period a year ago. EBITDA was JPY 30,745 million. ROA was 1.4% compared to 1.2% a year ago. Return on (operating income /assets) was 1.9% compared to 1.9% a year ago. Capital expenditures were JPY 16,859 million compared to JPY 19,330 million for the same period a year ago. Return on equity was 3.7% compared to 3.3% for the same period a year ago.

For fiscal 2018, the company expects consolidated sales to be JPY 203,000 million, operating income is expected to be JPY 7,800 million, net income is expected to be JPY 5,100 million. Cash flow from operating activities are expected to be JPY 26,100 million and capital expenditure is expected to be JPY 26,700 million.

For fiscal 2018, on non-consolidated basis the company expects sales to be JPY 193,000 million, operating income is expected to be JPY 6,400 million, net income is expected to be JPY 4,400 million. Cash flow from operating activities are expected to be JPY 25,200 million and capital expenditure is expected to be JPY 24,700 million.