Komori
Results1662Japan Petroleum Exploration Co.,Ltd.Energy Resources

Financial Results for the Second Quarter (Interim Period) of the Fiscal Year Ending March 2027 [Japanese GAAP] (Consolidated)

For the interim period, revenue decreased 9.2% year on year due to lower purchases and sales of petroleum products and other items, while operating profit increased 17.8%, resulting in lower revenue but higher profit. The full-year earnings forecast was revised from the most recently announced figures, but this earnings report does not provide details of the figures before and after the revision.

Worth reading
59In focus
0–100. This measures how worthwhile something is to read, not how good or bad the company is.
Direction
Mixed performance
Direction inferred from the company’s description.
Scale
17.8
% (year-on-year change in operating profit)
Wording
Conditional
How definitive the wording is.

Results for this period

Interim period (second quarter)1 April 2026–30 September 2026ConsolidatedJapanese GAAP
Net Sales152,668Millions of yenYear on year -9.2%Progress 45.4%
Operating profit30,047Millions of yenYear on year +17.8%Progress 57.8%
Ordinary income33,650Millions of yenYear on year +2.2%Progress 63.5%
Net income attributable to owners of the parent30,820Millions of yenYear on year +13.9%

The width of the band at each stage is based on revenue. The narrower it becomes toward the bottom, the smaller the proportion of revenue that remains as profit. The dotted outline is the full-year forecast and the band inside it is the result for this period. The progress rate is the result divided by the forecast.

Net income per share¥120.39
Financial position at period-end
Total assets893,869Millions of yen
of which net assets 661,252 Millions of yenEquity ratio 70.4%vs. prior year-end -2.4pt

塗りつぶした部分が自己資本比率です。総資産のうち、返済のいらない自前の資金がどれだけかを表します。The thin vertical line indicates the level at the end of the previous fiscal year.

Segment revenue
Japan101,01066.2%
North America44,80829.4%
Europe6,1274.0%
Middle East7210.5%
Segment profit
Japan10,70528.6%
North America23,05061.6%
Europe3,3018.8%
Middle East3791.0%
Regional salesJapan Current fiscal year 101,010 Millions of yen / Same period of the previous year 119,926 Millions of yen / North America Current fiscal year 44,808 Millions of yen / Same period of the previous year 29,162 Millions of yen / Europe Current fiscal year 6,127 Millions of yen / Same period of the previous year 7,185 Millions of yen / Middle East Current fiscal year 721 Millions of yen / Same period of the previous year 11,867 Millions of yen
Outlook and shareholder returns
Full-year earnings forecast
Net Sales336,000 Millions of yen (YoY -1.3%)
Operating profit52,000 Millions of yen (YoY +33.6%)
Ordinary income53,000 Millions of yen (YoY -13.9%)
Profit attributable to owners of the parent70,000 Millions of yen (YoY +31.0%)
Revision to Earnings ForecastNet Sales Not disclosed → 336,000 Millions of yen / Operating profit Not disclosed → 52,000 Millions of yen / Ordinary income Not disclosed → 53,000 Millions of yen / Profit attributable to owners of the parent Not disclosed → 70,000 Millions of yen
Annual Dividend Forecast65 Yen → 45 Yen
Factors Behind Changes in Business Performance

The E&P business reported higher revenue and profit due to higher crude oil prices and increased crude oil sales volumes in North America, while lower purchases and sales of petroleum products and other items reduced revenue. Exploration expenses and selling, general and administrative expenses increased, and foreign exchange gains turned into losses.

Disclosure regarding the going concern assumption

No applicable items

Change in accounting policy
基準改正に伴う変更 Noそれ以外の変更 No見積りの変更 No修正再表示 No
Changes in the scope of consolidationMaterial changes No / New Not disclosed / Excluded Not disclosed / Company name Not disclosed
Material subsequent eventsOn 1 October 2026, the company acquired 100% interests in four Fundare companies engaged in oil and natural gas exploration, development and production in the United States. The consideration was US$278 million. The company also borrowed US$220 million as part of the acquisition financing.
Breakdown of extraordinary income (loss)Extraordinary income Gain on sale of investment securities 10,333 Millions of yen, Other 3 Millions of yen / Extraordinary loss Loss on retirement of non-current assets 5 Millions of yen
Availability of Supplementary Financial Results MaterialsAvailable
Availability of Financial Results BriefingYes (for institutional investors and analysts)
Issued Shares at Period-End257,000,380
Treasury Shares at Period-End966,916
Results for this period
ItemDetails
Fiscal Period ClassificationInterim period (second quarter)
Accounting standardsJapanese GAAP
Consolidated / non-consolidatedConsolidated
Period Covered1 April 2026–30 September 2026
Net Sales152,668 Millions of yen (YoY -9.2%)
Operating profit30,047 Millions of yen (YoY +17.8%)
Ordinary income33,650 Millions of yen (YoY +2.2%)
Profit attributable to owners of the parent30,820 Millions of yen (YoY +13.9%)
Net income per share¥120.39
Equity ratioEnd of the current fiscal period 70.4 / End of previous period 72.8
Total assets893,869 Millions of yen
Net assets661,252 Millions of yen
Full-year earnings forecastNet Sales 336,000 Millions of yen (YoY -1.3%) / Operating profit 52,000 Millions of yen (YoY +33.6%) / Ordinary income 53,000 Millions of yen (YoY -13.9%) / Profit attributable to owners of the parent 70,000 Millions of yen (YoY +31.0%)
Revision to Earnings ForecastNet Sales Not disclosed → 336,000 Millions of yen / Operating profit Not disclosed → 52,000 Millions of yen / Ordinary income Not disclosed → 53,000 Millions of yen / Profit attributable to owners of the parent Not disclosed → 70,000 Millions of yen
Annual Dividend Forecast65 Yen → 45 Yen
Segment revenueJapan 101,010 Millions of yen / North America 44,808 Millions of yen / Europe 6,127 Millions of yen / Middle East 721 Millions of yen
Segment profitJapan 10,705 Millions of yen / North America 23,050 Millions of yen / Europe 3,301 Millions of yen / Middle East 379 Millions of yen
Regional salesJapan Current fiscal year 101,010 Millions of yen / Same period of the previous year 119,926 Millions of yen / North America Current fiscal year 44,808 Millions of yen / Same period of the previous year 29,162 Millions of yen / Europe Current fiscal year 6,127 Millions of yen / Same period of the previous year 7,185 Millions of yen / Middle East Current fiscal year 721 Millions of yen / Same period of the previous year 11,867 Millions of yen
Breakdown of extraordinary income (loss)Extraordinary income Gain on sale of investment securities 10,333 Millions of yen, Other 3 Millions of yen / Extraordinary loss Loss on retirement of non-current assets 5 Millions of yen
Disclosure regarding the going concern assumptionNo applicable items
Change in accounting policyChanges due to revisions to standards No / Other changes No / Change in accounting estimate No / Restatement No
Changes in the scope of consolidationMaterial changes No / New Not disclosed / Excluded Not disclosed / Company name Not disclosed
Material subsequent eventsOn 1 October 2026, the company acquired 100% interests in four Fundare companies engaged in oil and natural gas exploration, development and production in the United States. The consideration was US$278 million. The company also borrowed US$220 million as part of the acquisition financing.
Availability of Supplementary Financial Results MaterialsAvailable
Availability of Financial Results BriefingYes (for institutional investors and analysts)
Issued Shares at Period-End257,000,380
Treasury Shares at Period-End966,916
Factors Behind Changes in Business PerformanceThe E&P business reported higher revenue and profit due to higher crude oil prices and increased crude oil sales volumes in North America, while lower purchases and sales of petroleum products and other items reduced revenue. Exploration expenses and selling, general and administrative expenses increased, and foreign exchange gains turned into losses.
Items this document does not state (10)
Operating MarginCash flows from operating activitiesCash flows from investing activitiesCash flows from financing activitiesCash and cash equivalents at end of periodPayout ratioShareholder Return PolicyOrders received and order backlogDepreciation and amortizationImpairment 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 E&P business reported higher revenue and profit due to higher crude oil prices and increased crude oil sales volumes in North America, but the decline in revenue caused by lower purchases and sales of petroleum products and other items was greater. Ordinary profit also declined as non-operating income and expenses deteriorated, mainly because foreign exchange gains turned into losses.

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