INPEX, Net Income Forecast for the Fiscal Year Revised Upward to 350-450 Billion Yen

Wed May 13, 2026 3:30 pm JST Earnings

1605 INPEX CORPORATION 【IFRS】

Earnings Report

INPEX CORPORATION <1605> [TSE Prime] announced its financial results (based on IFRS) after the market closed on May 13th (15:30). The consolidated net income for the first quarter of the fiscal year ending December 2026 (January to March) decreased 13.4% from the same period last year to 109 billion yen.

In addition, the full-year forecast for consolidated net income has been revised upward from the previous estimate of 330 billion yen to a new range of 350 billion to 450 billion yen.

Furthermore, the January to June period (first half) consolidated net income has been revised upward from the previous estimate of 150 billion yen to a new range of 180 billion to 214 billion yen.

In the most recent three-month period, from January to March (1Q), the operating profit margin decreased from 60.3% in the same period last year to 55.4%.

Note: If the earnings forecast is disclosed as a range, the article is based on the midpoint of that range.

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Actual Performance and Financial Trends

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, 2024	596,800M	380,102M	372,923M	121,829M	96.8	52.3	May 14, 2024	IFRS
Jan - Mar, 2025	536,899M	323,873M	335,359M	126,293M	105.5	52.0	May 13, 2025	IFRS
Jan - Mar, 2026	501,803M	278,215M	291,352M	109,414M	94.1	46.3	May 13, 2026	IFRS
YoY	-6.5%	-14.1%	-13.1%	-13.4%	-10.8%

Guidance Update

First Half Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Jan - Jun, 2026 Prev	971,000M	476,000M	500,000M	150,000M	129.1	54	Feb 12, 2026	IFRS
Jan - Jun, 2026 New	1,065,500M	603,500M	629,000M	197,000M	169.5	54	May 13, 2026	IFRS
Revision Rate	+9.7%	+26.8%	+25.8%	+31.3%	+31.3%

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Dec, 2026 Prev	1,893,000M	957,000M	1,000,000M	330,000M	284.0	108	Feb 12, 2026	IFRS
Dec, 2026 New	2,147,500M	1,227,000M	1,275,000M	400,000M	344.2	108	May 13, 2026	IFRS
Revision Rate	+13.4%	+28.2%	+27.5%	+21.2%	+21.2%

Current Period Guidance

First Half Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Jan - Jun, 2025	1,048,867M	616,882M	644,984M	223,527M	186.7	50	Aug 8, 2025	IFRS
Guidance Jan - Jun, 2026	1,065,500M	603,500M	629,000M	197,000M	169.5	54	May 13, 2026	IFRS
YoY	+1.6%	-2.2%	-2.5%	-11.9%	-9.2%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Dec, 2024	2,265,837M	1,271,789M	1,298,811M	427,344M	345.3	86	Feb 13, 2025	IFRS
Dec, 2025	2,011,351M	1,135,440M	1,173,473M	393,836M	330.8	100	Feb 12, 2026	IFRS
Guidance Dec, 2026	2,147,500M	1,227,000M	1,275,000M	400,000M	344.2	108	May 13, 2026	IFRS
YoY	+6.8%	+8.1%	+8.7%	+1.6%	+4.0%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jan - Mar, 2025	536,899M	323,873M	335,359M	126,293M	105.5	60.3	May 13, 2025	IFRS
Apr - Jun, 2025	511,968M	293,009M	309,625M	97,234M	81.2	57.2	Aug 8, 2025	IFRS
Jul - Sep, 2025	471,780M	256,061M	266,859M	69,883M	58.4	54.3	Nov 13, 2025	IFRS
Oct - Dec, 2025	490,704M	262,497M	261,630M	100,426M	84.4	53.5	Feb 12, 2026	IFRS
Jan - Mar, 2026	501,803M	278,215M	291,352M	109,414M	94.1	55.4	May 13, 2026	IFRS
YoY	-6.5%	-14.1%	-13.1%	-13.4%	-10.8%