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Japan Petroleum Exploration, Ordinary Profit Forecast for the Fiscal Year Revised Upward by 25%

Thu Feb 12, 2026 2:00 pm JST Earnings

1662 Japan Petroleum Exploration Co., Ltd. 【J-GAAP】

Earnings Report

Japan Petroleum Exploration Co., Ltd. <1662> [TSE Prime] announced its financial results in the afternoon session on February 12th (14:00). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2026 (April to December) increased 5.2% from the same period last year, reaching 49.2 billion yen.

In addition, the full-year forecast for consolidated ordinary profit has been revised upward 25.0%, from the previous forecast of 44.0 billion yen to 55.0 billion yen (compared to 64.2 billion yen in the previous period), and the declining rate is expected to decrease from 31.5% to 14.4%.

Based on the full-year plan announced by the company after the upward revision, our estimate of the consolidated ordinary profit for the October to March period (second half) has been revised upward 99.4%, from the previous forecast of 11.0 billion yen to 22.0 billion yen (compared to 38.4 billion yen in the same period of the previous year), and the declining rate is expected to decrease from 71.2% to 42.6%.

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit decreased to 16.3 billion yen, a 22.2% decrease compared to the same period last year. The operating profit margin sharply declined from 17.3% in the same period last year to 7.1%.

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Actual Results

Accumulated Results 3rd Quarter
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Progress Rate vs. First Half Announce Accounting Standards
Apr - Dec, 2023 229,938 39,868 48,162 36,515 134.8 70.0 Feb 9, 2024 J-GAAP
Apr - Dec, 2024 274,820 44,510 46,810 74,440 288.1 72.9 Feb 12, 2025 J-GAAP
Apr - Dec, 2025 260,318 32,080 49,264 39,779 155.4 89.6 Feb 12, 2026 J-GAAP
YoY -5.3% -27.9% +5.2% -46.6% -46.1%

Guidance Update

Second Half Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Oct - Mar, 2025 Prev 164,860 9,493 11,063 8,945 35.0 20 Nov 12, 2025 J-GAAP
Oct - Mar, 2025 New 178,860 13,493 22,063 17,945 70.1 20 Feb 12, 2026 J-GAAP
Revision Rate +8.5% +42.1% +99.4% +100.6% +100.6%

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2026 Prev 333,000 35,000 44,000 36,000 140.7 40 Nov 12, 2025 J-GAAP
Mar, 2026 New 347,000 39,000 55,000 45,000 175.8 40 Feb 12, 2026 J-GAAP
Revision Rate +4.2% +11.4% +25.0% +25.0% +25.0%

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Oct - Mar, 2024 205,476 33,241 38,406 60,014 232.9 30 May 13, 2025 J-GAAP
Oct - Mar, 2025 Guidance 178,860 13,493 22,063 17,945 70.1 20 Feb 12, 2026 J-GAAP
YoY -13.0% -59.4% -42.6% -70.1% -69.9%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 325,863 55,247 68,808 53,661 198.9 60 May 14, 2024 J-GAAP
Mar, 2025 389,082 62,012 64,221 81,153 314.9 55 May 13, 2025 J-GAAP
Mar, 2026 Guidance 347,000 39,000 55,000 45,000 175.8 40 Feb 12, 2026 J-GAAP
YoY -10.8% -37.1% -14.4% -44.5% -44.2%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2024 91,214 15,739 20,995 53,301 206.3 17.3 Feb 12, 2025 J-GAAP
Jan - Mar, 2025 114,262 17,502 17,411 6,713 26.1 15.3 May 13, 2025 J-GAAP
Apr - Jun, 2025 82,844 16,699 20,810 15,714 61.4 20.2 Aug 7, 2025 J-GAAP
Jul - Sep, 2025 85,296 8,808 12,127 11,341 44.3 10.3 Nov 12, 2025 J-GAAP
Oct - Dec, 2025 92,178 6,573 16,327 12,724 49.7 7.1 Feb 12, 2026 J-GAAP
YoY +1.1% -58.2% -22.2% -76.1% -75.9%

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