Komori
Revision of earnings forecasts1605INPEX CORPORATIONEnergy Resources

Notice Regarding Revisions to Consolidated Earnings Forecasts for the Six Months Ended June 2026 and the Full Fiscal Year Ending December 2026

The forecasts for revenue, operating profit, profit before tax and profit attributable to owners of the parent for both the cumulative second quarter and full year of the fiscal year ending December 2026 were all revised upward. In light of uncertainty surrounding crude oil prices and foreign exchange rates, the forecasts are presented as ranges. The annual dividend forecast remains unchanged at ¥54 per share for the interim dividend and ¥54 per share for the year-end dividend.

Worth reading
65In focus
0–100. This measures how worthwhile something is to read, not how good or bad the company is.
Direction
Improvement
Direction inferred from the company’s description.
Scale
129000
¥ million (change in full-year operating profit, lower end)
Wording
Avoiding a definitive answer
How definitive the wording is.

Revised forecast

Fiscal year ending December 2026 · Six months and full yearPrevious forecast published 12 February 2026
Net Sales2Q cumulative971,000→—million
—
Net SalesFull year1,893,000→—million
—
Operating profit2Q cumulative476,000→—million
—
Operating profitFull year957,000→—million
—
Profit attributable to owners of the parent2Q cumulative150,000→—million
—
Profit attributable to owners of the parentFull year330,000→—million
—
Net income per share2Q cumulative128.71→—yen and sen
—
Net income per shareFull year283.17→—yen and sen
—

The bar length represents the relative magnitude of change, based on the item that changed the most in this document.

Reason for the revision

The assumptions for crude oil prices and foreign exchange rates from the second quarter onward were reviewed in light of stable operations at the Ichthys Project and other operations. Due to the increased uncertainty surrounding the situation in the Middle East, the assumptions and consolidated earnings forecasts were revised and are presented as ranges.

Previous-period resultsSecond quarter (cumulative): revenue of ¥1,048,867 million, operating profit of ¥616,882 million, profit before tax for the quarter of ¥644,984 million, profit for the quarter attributable to owners of the parent of ¥223,527 million, and basic earnings per share for the quarter of ¥186.65. Full year: revenue of ¥2,011,351 million, operating profit of ¥1,135,440 million, profit before tax of ¥1,173,473 million, profit for the year attributable to owners of the parent of ¥393,836 million, and basic earnings per share for the year of ¥330.82.
Dividend forecast revisionThe annual dividend forecast for the fiscal year ending December 2026 remains unchanged from the initial forecast at ¥54 per share for the interim dividend and ¥54 per share for the year-end dividend.
Consolidated / non-consolidatedConsolidated
Revised forecast
ItemDetails
Net Sales2Q cumulative 971,000 / Full year 1,893,000 → 2Q cumulative 1,044,000~1,087,000 / Full year 2,004,000~2,291,000(2Q cumulative 7.5~11.9% / Full year 5.9~21.0%)
Operating profit2Q cumulative 476,000 / Full year 957,000 → 2Q cumulative 579,000~628,000 / Full year 1,086,000~1,368,000(2Q cumulative 21.6~31.9% / Full year 13.5~42.9%)
Profit attributable to owners of the parent2Q cumulative 150,000 / Full year 330,000 → 2Q cumulative 180,000~214,000 / Full year 350,000~450,000(2Q cumulative 20.0~42.7% / Full year 6.1~36.4%)
Net income per share2Q cumulative 128.71 / Full year 283.17 → 2Q cumulative 154.77~184.01 / Full year 300.95~386.94
Fiscal Period CoveredFiscal year ending December 2026
Period CoveredSix months and full year
Publication date of previous forecast12 February 2026
Previous-period resultsSecond quarter (cumulative): revenue of ¥1,048,867 million, operating profit of ¥616,882 million, profit before tax for the quarter of ¥644,984 million, profit for the quarter attributable to owners of the parent of ¥223,527 million, and basic earnings per share for the quarter of ¥186.65. Full year: revenue of ¥2,011,351 million, operating profit of ¥1,135,440 million, profit before tax of ¥1,173,473 million, profit for the year attributable to owners of the parent of ¥393,836 million, and basic earnings per share for the year of ¥330.82.
Reason for the revisionThe assumptions for crude oil prices and foreign exchange rates from the second quarter onward were reviewed in light of stable operations at the Ichthys Project and other operations. Due to the increased uncertainty surrounding the situation in the Middle East, the assumptions and consolidated earnings forecasts were revised and are presented as ranges.
Dividend forecast revisionThe annual dividend forecast for the fiscal year ending December 2026 remains unchanged from the initial forecast at ¥54 per share for the interim dividend and ¥54 per share for the year-end dividend.
Consolidated / non-consolidatedConsolidated
Items this document does not state (2)
Ordinary incomeDetails and amount of extraordinary loss

These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.

The reasons the company gives

The company's own explanation, not something inferred from the numbers.

The assumptions for crude oil prices and foreign exchange rates from the second quarter onward were reviewed in addition to stable operations at the Ichthys Project and other operations. Due to the increased uncertainty surrounding the situation in the Middle East, the assumptions and earnings forecasts are presented as ranges.

How to read this page

This is not the documentKomori reads the disclosure the company filed and writes this summary. Figures are as stated by the company and are not audited.
Weight is not a verdictIt measures how much this changes what the company had already told the market. It is not a view on the shares.
Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.
Notice Regarding Revisions to Consolidated Earnings Forecasts for the Six Months Ended June 2026 and the Full Fiscal Year Ending December 2026 | INPEX CORPORATION (1605) timely disclosure | Komori