Okinawa Electric Power cuts Q1 losses despite sales decline

Okinawa Electric Power reported net sales of 50.5bn yen for the three months ended June 30, down 3.7% year-on-year.

The company's operating loss narrowed to 1.1bn yen from 2.7bn yen in the prior year period, while ordinary loss improved to 1.3bn yen from 2.9bn yen.

Net loss attributable to owners halved to 1.4bn yen from 2.9bn yen previously.

The company forecasts full-year net sales of 215.2bn yen and ordinary profit of 8bn yen.