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Japan Petroleum Exploration, 44% Decrease in Ordinary Profit for The Current Fiscal Year, Dividend Effectively Cut

Tue May 13, 2025 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 ending March 2025 decreased 6.7% from the previous period to 64.2 billion yen. For the fiscal year ending March 2026, the consolidated ordinary profit is expected to drop by 43.9% from the previous period to 36 billion yen. This will be the third consecutive term of declining profits.

At the same time, the annual dividend for this fiscal year is 40 yen, taking into account the previous year's forward stock split, this dividend represents an actual reduce of 27.3%.

In the most recent three-month period, from January to March (4Q), the consolidated ordinary profit decreased to 17.4 billion yen, a 15.7% decrease compared to the same period last year. The operating profit margin decreased from 16.0% in the same period last year to 15.3%.

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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, 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 389,082 62,012 64,221 81,153 314.9 55 May 13, 2025 J-GAAP
YoY +19.4% +12.2% -6.7% +51.2% +58.3%

Full Year Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2025 Guidance 389,082 62,012 64,221 81,153 314.9 55 Apr 24, 2025 J-GAAP
Mar, 2025 Results 389,082 62,012 64,221 81,153 314.9 55 May 13, 2025 J-GAAP
Revision Rate 0.0% 0.0% 0.0% 0.0% 0.0%

Current Period Guidance

H1 Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Apr - Sep, 2024 183,606 28,771 25,815 21,139 81.5 25 Nov 13, 2024 J-GAAP
Apr - Sep, 2025 Guidance ー ー ー ー － 20 May 13, 2025 J-GAAP
YoY － － － － －

Current Period Guidance

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 Guidance 332,400 28,000 36,000 30,000 117.2 40 May 13, 2025 J-GAAP
YoY -14.6% -54.8% -43.9% -63.0% -62.8%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jan - Mar, 2024 95,925 15,379 20,646 17,146 63.6 16.0 May 14, 2024 J-GAAP
Apr - Jun, 2024 89,465 12,948 16,560 11,493 43.9 14.5 Aug 8, 2024 J-GAAP
Jul - Sep, 2024 94,141 15,823 9,255 9,646 37.2 16.8 Nov 13, 2024 J-GAAP
Oct - Dec, 2024 91,214 15,739 20,995 53,301 206.3 17.3 Feb 12, 2025 J-GAAP
Jan - Mar, 2025 114,262 17,502 17,411 6,713 26.1 15.3 May 13, 2025 J-GAAP
YoY +19.1% +13.8% -15.7% -60.8% -59.0%

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