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Japan Petroleum Exploration, Last Fiscal Year Ordinary Profit Revised Downward by 4%, Dividend Revised Upward by 5 yen

Thu Apr 24, 2025 2:00 pm JST Revision

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

Guidance Update Report

Japan Petroleum Exploration Co., Ltd. <1662> [TSE Prime] announced a revision to its performance and dividend in the afternoon session on April 24th (14:00). The consolidated ordinary profit for the fiscal year ending March 2025 has decreased 3.9%, from the previous forecast of 66.8 billion yen to 64.2 billion yen (compared to 68.8 billion yen in the previous period), leading to an increase in the profit decline rate from 2.9% to 6.7%.

Based on the downwardly revised full-year plan announced by the company, our calculation indicates that the October to March period (2H) consolidated ordinary profit has decreased 6.3%, from the previous forecast of 40.9 billion yen to 38.4 billion yen (compared to 29.6 billion yen in the same period of the previous year), leading to a reduction in the profit growth rate from 38.1% to 29.4%.

At the same time, the company has increased its planned annual dividend for the last fiscal year from the original plan of 150 yen to 155 yen (compared to 300 yen before the 5-for-1 forward stock split in the previous period).

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Guidance Update

Second Half Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Oct - Mar, 2024 Prev 199,794 34,929 40,985 65,861 257.4 25 Feb 12, 2025 J-GAAP
Oct - Mar, 2024 New 205,476 33,241 38,406 60,014 232.9 30 Apr 24, 2025 J-GAAP
Revision Rate +2.8% -4.8% -6.3% -8.9% -9.5%

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2025 Prev 383,400 63,700 66,800 87,000 340.0 50 Feb 12, 2025 J-GAAP
Mar, 2025 New 389,082 62,012 64,221 81,153 314.9 55 Apr 24, 2025 J-GAAP
Revision Rate +1.5% -2.6% -3.9% -6.7% -7.4%

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Oct - Mar, 2023 175,155 26,746 29,673 25,891 96.0 35 May 14, 2024 J-GAAP
Oct - Mar, 2024 Guidance 205,476 33,241 38,406 60,014 232.9 30 Apr 24, 2025 J-GAAP
YoY +17.3% +24.3% +29.4% +131.8% +142.7%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 336,492 62,085 83,130 67,394 247.3 74 May 12, 2023 J-GAAP
Mar, 2024 325,863 55,247 68,808 53,661 198.9 60 May 14, 2024 J-GAAP
Mar, 2025 Guidance 389,082 62,012 64,221 81,153 314.9 55 Apr 24, 2025 J-GAAP
YoY +19.4% +12.2% -6.7% +51.2% +58.3%

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