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Japan Petroleum Exploration, 27% Decrease in Ordinary Profit for The Current Fiscal Year, Despite Last Fiscal Year's Dividend Increase, This Fiscal Year to Decrease Dividend

Wed May 13, 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 May 13th (14:00). The consolidated ordinary profit for the fiscal year ended March 2026 decreased by 4.1% from the previous period to 61.5 billion yen. For the fiscal year ending March 2027, the consolidated ordinary profit is expected to decrease by 26.9% from the previous period to 45.0 billion yen. This will be the fourth consecutive term of declining profits.

At the same time, the company increased the annual dividend for the previous term from 40 yen to 65 yen (compared to 155 yen in the prior term), and has decided to reduce the dividend this fiscal year to 45 yen, a decrease of 20 yen from the previous fiscal year.

In the most recent three-month period, from January to March (4Q), the consolidated ordinary profit decreased to 12.2 billion yen, a 29.4% decrease compared to the same period last year. The operating profit margin significantly dropped from 15.3% in the same period last year to 8.5%.

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Actual Results

Historical Performance
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 340,336 38,915 61,556 53,427 208.7 65 May 13, 2026 J-GAAP
YoY -12.5% -37.2% -4.1% -34.2% -33.7%

Full Year Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2026 Guidance 347,000 39,000 55,000 45,000 175.8 40 Feb 12, 2026 J-GAAP
Mar, 2026 Results 340,336 38,915 61,556 53,427 208.7 65 May 13, 2026 J-GAAP
Revision Rate -1.9% -0.2% +11.9% +18.7% +18.7%

Current Period Guidance

H1 Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Apr - Sep, 2025 168,140 25,507 32,937 27,055 105.7 20 Nov 12, 2025 J-GAAP
Apr - Sep, 2026 Guidance ー ー ー ー － 22.50 May 13, 2026 J-GAAP
YoY － － － － －

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2025 389,082 62,012 64,221 81,153 314.9 55 May 13, 2025 J-GAAP
Mar, 2026 340,336 38,915 61,556 53,427 208.7 65 May 13, 2026 J-GAAP
Mar, 2027 Guidance 303,000 41,000 45,000 60,000 234.4 45 May 13, 2026 J-GAAP
YoY -11.0% +5.4% -26.9% +12.3% +12.3%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
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
Jan - Mar, 2026 80,018 6,835 12,292 13,648 53.3 8.5 May 13, 2026 J-GAAP
YoY -30.0% -60.9% -29.4% +103.3% +104.7%

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