Use of Retained Earnings to Secure Reserves and Develop Supply Infrastructure
First written in FY2016. 7 of 13 entries say "Advanced", first in FY2025-H1. Latest entry: 2026-08-21.
25 other companies' latest entry also says "Advanced".
- FY2026RaisedAnnual report
「Over the 10 years from fiscal 2026 through fiscal 2035, the company plans to allocate a cumulative ¥1.5 trillion to growth investment in the E&P, carbon neutrality, and infrastructure and utilities fields, and at least ¥190 billion to shareholder returns.」
The scale of capital allocation was expanded from ¥450 billion for growth investment and ¥50 billion for shareholder returns over fiscal 2022–2030 to ¥1.5 trillion for growth investment and at least ¥190 billion for shareholder returns over 10 years. - FY2025AdvancedAnnual report
「The company secured funds for investment in building core assets by selling JAPEX UK E&P Ltd., a low-return asset, and part of its cross-shareholdings.」
The company secured funds for investment in building core assets by selling its low-return UK E&P assets and cross-shareholdings. - FY2025-H1AdvancedAnnual report
「The company resolved at a meeting of its Board of Directors held on 13 November 2024 to sell part of its investment securities to fund growth investment. Gain on sale of investment securities: approximately ¥42 billion」
As a specific measure for using internal funds, the company resolved to use proceeds from selling part of its investment securities to fund growth investment and disclosed expected gains on sale of approximately ¥42 billion. - FY2022ReframedAnnual report
「Over the 9 years from fiscal 2022 through fiscal 2030, the company plans to allocate ¥450 billion to growth investment in the E&P, infrastructure and utilities, and carbon neutrality fields, and ¥50 billion to shareholder returns.」
The policy has expanded from using retained earnings primarily for investment in reserves and supply infrastructure to a 9-year capital allocation policy of ¥450 billion for growth investment in 3 fields and ¥50 billion for shareholder returns. - FY2020RestatedAnnual report
「The specific dividend amount will be determined, based on the medium- to long-term outlook for the operating environment, while taking into account retained earnings for investments aimed at securing new reserves in Japan and overseas and developing and expanding supply infrastructure, as a company responsible for ensuring a stable supply of oil and natural gas essential to social life.」
The company continues to allocate retained earnings, considered when determining dividends, to securing new reserves and investing in supply infrastructure. - FY2017RestatedAnnual report
「The specific dividend amount will be determined by comprehensively considering earnings in each period and future funding needs, while taking into account retained earnings for investments aimed at securing new reserves in Japan and overseas and developing and expanding supply infrastructure, as well as the need to strengthen the company's financial base in light of deteriorating consolidated performance due to the recent weakness in oil prices, based on the medium- to long-term outlook for the operating environment and the company's role in ensuring a stable supply of oil and natural gas essential to social life.」
Investment in securing reserves and supply infrastructure, together with strengthening the financial base, is considered a factor in retained earnings when determining dividends. - FY2016First statedAnnual report
「The Company intends to use retained earnings to invest in securing new reserves in Japan and overseas and to develop and expand supply infrastructure.」
The company explicitly identifies securing reserves and its supply base as uses of internal funds alongside shareholder returns.