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INPEX, The Current Fiscal Year Net Income Revised Downward by 9%

Tue May 13, 2025 3:00 pm JST Earnings

1605 INPEX CORPORATION 【J-GAAP】

Earnings Report

INPEX CORPORATION <1605> [TSE Prime] announced its financial results (based on IFRS) in the afternoon session on May 13th (15:00). The consolidated net income for the first quarter of the fiscal year ending December 2025 (January to March) increased 3.7% from the same period last year, reaching 126 billion yen.

However, the full-year consolidated net income has decreased 9.1%, from the previous forecast of 330 billion yen to 300 billion yen (compared to 427 billion yen in the previous period), leading to an increase in the profit decline rate from 22.8% to 29.8%.

However, the January to June period (1H) consolidated net income has been revised upward 21.7%, from the previous forecast of 180 billion yen to 219 billion yen (compared to 212 billion yen in the same period of the previous year), turning to a 3.0% increase in the consolidated net income outlook.

In the most recent three-month period, from January to March (1Q), the operating profit margin decreased from 63.7% in the same period last year to 60.3%.

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Actual Results

Accumulated Results 1st Quarter
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Progress Rate vs. First Half Announce Accounting Standards
Jan - Mar, 2023 578,007 374,788 377,239 146,799 112.4 53.2 May 10, 2023 IFRS
Jan - Mar, 2024 596,800 380,102 372,923 121,829 96.8 52.3 May 14, 2024 IFRS
Jan - Mar, 2025 536,899 323,873 335,359 126,293 105.5 55.6 May 13, 2025 IFRS
YoY -10.0% -14.8% -10.1% +3.7% +8.9%

Guidance Update

First Half Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jan - Jun, 2025 Prev 1,084,000 576,000 600,000 180,000 150.3 45 Feb 13, 2025 IFRS
Jan - Jun, 2025 New 1,018,000 584,000 603,000 219,000 182.9 45 May 13, 2025 IFRS
Revision Rate -6.1% +1.4% +0.5% +21.7% +21.7%

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Dec, 2025 Prev 2,119,000 1,106,000 1,157,000 330,000 279.9 90 Feb 13, 2025 IFRS
Dec, 2025 New 1,822,000 916,000 957,000 300,000 254.5 90 May 13, 2025 IFRS
Revision Rate -14.0% -17.2% -17.3% -9.1% -9.1%

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 1,018,000 584,000 603,000 219,000 182.9 45 May 13, 2025 IFRS
YoY -14.5% -16.6% -15.5% +3.0% +8.0%

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 1,822,000 916,000 957,000 300,000 254.5 90 May 13, 2025 IFRS
YoY -19.6% -28.0% -26.3% -29.8% -26.3%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
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
Jan - Mar, 2025 536,899 323,873 335,359 126,293 105.5 60.3 May 13, 2025 IFRS
YoY -10.0% -14.8% -10.1% +3.7% +8.9%

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