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Japan Petroleum Exploration (1662) investor relations material
Japan Petroleum Exploration Q4 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Net sales for FY3/26 declined 13% year-over-year to ¥340.3 billion, with operating profit down 37% to ¥38.9 billion and net income attributable to owners of parent down 34% to ¥53.4 billion, mainly due to lower crude oil and natural gas prices and reduced LNG sales volume.
Extraordinary gain from the sale of the Hokkaido gas business contributed ¥31.0 billion, with a net income impact of ¥22.0 billion.
Comprehensive income more than doubled to ¥114,794 million, driven by valuation gains on securities.
U.S. business drove profit growth, while overseas E&P investments and divestments reshaped the portfolio.
Key management targets for FY2026 were achieved ahead of schedule, but asset-building for sustainable growth remains incomplete.
Financial highlights
Operating profit fell by ¥23.1 billion year-over-year, primarily due to lower crude oil and natural gas prices and decreased LNG sales volume.
Ordinary profit decreased by ¥2.7 billion, and net income attributable to owners of parent dropped by ¥27.7 billion.
Gross profit declined 22.6% year-over-year to ¥76,741 million.
Profit before income taxes dropped 41.5% year-over-year to ¥63,557 million, mainly due to the absence of prior-year gains on investment securities.
FY3/26 dividend per share was ¥65 (interim ¥20, year-end ¥45), with a payout ratio of 31.1%.
Outlook and guidance
FY3/27 forecasts: net sales ¥303.0 billion (down 11%), operating profit ¥41.0 billion (up 5%), ordinary profit ¥45.0 billion (down 27%), and net income attributable to owners of parent ¥60.0 billion (up 12%).
Dividend forecast for FY3/27: interim ¥22.5, year-end ¥22.5 per share.
Assumes WTI at $73/bbl, crude oil CIF at $74.91/bbl, and exchange rate at ¥152.90/USD.
FY3/27 sales expected to decrease mainly due to suspended operations in Iraq, but profit growth is driven by North American expansion and a business transfer.
Annual dividend for FY3/27 is planned at ¥45 per share.
- Aims for 1.5 trillion yen investment, 12%+ ROE, and 8+ million tons CO2 stored by FY2035.1662
Investor presentation22 Apr 2026 - Strong FY2025 profit growth driven by oil and LNG, but FY2026 outlook signals sharp declines.1662
Q4 20259 Mar 2026 - Profit more than doubled on strong oil and LNG sales and a major gain on investment securities.1662
Q3 20259 Mar 2026 - Net sales up 21.8% year-over-year, with profit down and a 5-for-1 stock split completed.1662
Q2 20259 Mar 2026 - Net sales jumped 45.9% year-over-year, but profit attributable to owners of parent declined 11.6%.1662
Q1 20259 Mar 2026 - Operating profit surged 29% despite a 7.4% drop in net sales, driven by overseas growth.1662
Q1 20269 Mar 2026 - Revenue and operating profit fell, but net income rose; UK and LNG assets divested.1662
Q2 20269 Mar 2026 - Lower energy prices and asset sales drove profit declines, with a major U.S. acquisition ahead.1662
Q3 20269 Mar 2026
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Next Japan Petroleum Exploration earnings date
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