Japan Petroleum Exploration (1662) Q3 2026 earnings summary

Executive summary

• Net sales for the nine months ended December 31, 2025, were ¥260,318 million, down 5.3% year-over-year due to lower crude oil and natural gas prices and decreased LNG sales volume.

• Operating profit fell 27.9% year-over-year to ¥32,080 million, while ordinary profit rose 5.2% to ¥49,264 million, aided by a reversal to equity method profit and higher FX gains.

• Profit attributable to owners of parent dropped 46.6% year-over-year to ¥39,779 million, mainly due to the absence of prior-year gains on investment securities sales.

Financial highlights

• Gross profit decreased 16.6% year-over-year to ¥59,351 million.

• Basic earnings per share for the nine months was ¥155.43, reflecting a 5-for-1 stock split.

• Total assets increased to ¥713,555 million as of December 31, 2025, up from ¥681,598 million at the previous fiscal year-end.

• Net assets rose to ¥594,720 million, with an equity ratio of 79.1%.

Outlook and guidance

• Full-year forecast for FY2026: net sales ¥347,000 million (down 10.8% year-over-year), operating profit ¥39,000 million (down 37.1%), ordinary profit ¥55,000 million (down 14.4%), profit attributable to owners of parent ¥45,000 million (down 44.5%), and EPS ¥175.82.

• Annual dividend forecast is ¥40.00 per share.