INPEX, 23% Decrease in Net Income for The Current Fiscal Year, Dividend Raised by 4 yen

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Thu Feb 13, 2025 3:30 pm JST Earnings

1605 INPEX CORPORATION 【J-GAAP】

Earnings Report

INPEX CORPORATION <1605> [TSE Prime] announced its financial results (based on IFRS) after the market closed on February 13th (15:30). The consolidated net income for the fiscal year ending December 2024 expanded 32.8% from the previous period to 427 billion yen. However, for the fiscal year ending December 2025, the profit is expected to decrease by 22.8% from the previous period to 330 billion yen.

At the same time, the company has decided to increase the dividend this fiscal year to 90 yen, an increase of 4 yen from the previous fiscal year.

In the most recent three-month period, from October to December (4Q), the consolidated net income surged 2.5 times that of the same period last year, reaching 137 billion yen. However, the operating profit margin decreased from 53.2% in the same period last year to 49.0%.

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Actual Results

Historical Performance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Dec, 2022	2,324,660	1,246,408	1,441,995	461,069	337.4	62	Feb 9, 2023	J-GAAP
Dec, 2023	2,164,516	1,114,189	1,253,384	321,708	248.6	74	Feb 13, 2024	IFRS
Dec, 2024	2,265,837	1,271,789	1,298,811	427,344	345.3	86	Feb 13, 2025	IFRS
YoY	+4.7%	+14.1%	+3.6%	+32.8%	+38.9%

Full Year Results vs. Previous Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Dec, 2024 Guidance	2,243,000	1,224,000	1,269,000	380,000	317.3	86	Nov 12, 2024	IFRS
Dec, 2024 Results	2,265,837	1,271,789	1,298,811	427,344	345.3	86	Feb 13, 2025	IFRS
Revision Rate	+1.0%	+3.9%	+2.3%	+12.5%	+8.8%

Current Period Guidance

H1 Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Jan - Jun, 2024	1,190,861	700,071	713,216	212,586	169.3	43	Aug 8, 2024	IFRS
Jan - Jun, 2025 Guidance	1,084,000	576,000	600,000	180,000	150.3	45	Feb 13, 2025	IFRS
YoY	-9.0%	-17.7%	-15.9%	-15.3%	-11.2%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Dec, 2023	2,164,516	1,114,189	1,253,384	321,708	248.6	74	Feb 13, 2024	IFRS
Dec, 2024	2,265,837	1,271,789	1,298,811	427,344	345.3	86	Feb 13, 2025	IFRS
Dec, 2025 Guidance	2,119,000	1,106,000	1,157,000	330,000	275.6	90	Feb 13, 2025	IFRS
YoY	-6.5%	-13.0%	-10.9%	-22.8%	-20.2%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Oct - Dec, 2023	562,292	299,244	329,882	55,496	42.9	53.2	Feb 13, 2024	IFRS
Jan - Mar, 2024	596,800	380,102	372,923	121,829	96.8	63.7	May 14, 2024	IFRS
Apr - Jun, 2024	594,061	319,969	340,293	90,757	72.3	53.9	Aug 8, 2024	IFRS
Jul - Sep, 2024	556,696	318,008	335,196	76,836	61.6	57.1	Nov 12, 2024	IFRS
Oct - Dec, 2024	518,280	253,710	250,399	137,922	111.5	49.0	Feb 13, 2025	IFRS
YoY	-7.8%	-15.2%	-24.1%	+148.5%	+159.9%