Japan Petroleum Exploration (1662) Q4 2025 earnings summary

Executive summary

• Net sales rose 19.4% year-over-year to ¥389,082 million, driven by higher crude oil sales in North America and Europe and increased LNG sales volume.

• Operating profit increased 12.2% to ¥62,012 million, while profit attributable to owners of parent surged 51.2% to ¥81,153 million, aided by extraordinary gains from investment securities sales.

• Ordinary profit declined 6.7% to ¥64,221 million due to a reversal from foreign exchange gains to losses.

Financial highlights

• Gross profit grew 13.6% year-over-year to ¥99,157 million.

• Comprehensive income dropped 51.9% to ¥51,939 million.

• Total assets increased to ¥681,598 million, and net assets rose to ¥557,257 million, with an equity ratio of 77.4%.

• Cash and cash equivalents at year-end were ¥140,931 million, down ¥11,667 million from the prior year.

Outlook and guidance

• FY2026 net sales are forecast to decrease 14.6% to ¥332,400 million, with operating profit expected to fall 54.8% to ¥28,000 million and profit attributable to owners of parent to drop 63.0% to ¥30,000 million.

• The outlook reflects anticipated declines in crude oil, natural gas, and electricity sales volumes and prices, and the absence of one-time gains.

• Dividend policy revised to a minimum annual dividend of ¥40 per share from FY2026.