Transition to an integrated energy company centered on oil and natural gas E&P
First written in FY2016. 11 of 15 entries say "Reframed", first in FY2018. Latest entry: FY2026.
Japan Petroleum Exploration moved to the "Worse" side of this theme in 2021, 4 years before the typical company in this theme (2025).
The whole theme swung hardest in 2024: 2 of 18 companies on the "Worse" side.
3 other companies' latest entry also says "Reframed".
- FY2026ReframedAnnual report
「In April 2026, the company formulated and announced “JAPEX Management Plan 2026-2035～Building Core Assets toward 2035,” its medium- to long-term growth strategy looking ahead to 2035.」
The company updated the framework from the previous JAPEX Management Plan 2022-2030 to a new plan through 2035 centered on building a portfolio of core assets by focusing on overseas E&P and CCUS. - FY2025RestatedAnnual report
「In addition, the company formulated and announced “JAPEX Management Plan 2022-2030” in March 2022, with the basic policies of strengthening earnings power and building a business platform with a view to 2030 and beyond.」
JAPEX2050 and JAPEX Management Plan 2022-2030 continue to provide the framework for the company’s medium- to long-term strategy. - FY2022ReframedAnnual report
「In light of the substantial changes in the business environment surrounding the company, it newly formulated “JAPEX Management Plan 2022-2030” in March 2022 as a medium- to long-term management plan aimed at strengthening earnings power and transitioning to the business structure set out in “JAPEX2050.”」
The company updated its medium- to long-term plan from the previous Long-Term Vision 2030 and Medium-Term Business Plan 2018-2022 to “JAPEX Management Plan 2022-2030,” incorporating JAPEX2050. - FY2022-Q1ReframedAnnual report
「In light of changes in the business environment surrounding the company, including the impact of COVID-19 and progress toward decarbonization, the company lowered its long-term crude oil price assumption in March 2021 from the previous US$60 per barrel to US$50 per barrel, announced “JAPEX2050” in May toward the realization of a carbon-neutral society, and plans to review its medium-term business plan during FY2021 in light of changes in the underlying business portfolio following the termination of its Canadian shale gas and Canadian oil sands projects.」
In light of the lower crude oil price assumption, the announcement of JAPEX2050 and portfolio changes following the termination of the Canadian shale gas and oil sands businesses, the company is moving to the stage of reviewing its medium-term business plan during FY2021. - FY2021ReframedAnnual report
「In light of the formulation of “JAPEX2050,” the reduction of the long-term crude oil price assumption from the previous US$60 per barrel to US$50 per barrel based on the related assessment of the business environment, and changes in the underlying business portfolio, the company plans to conduct a review during FY2021.」
While retaining the previous vision of “growth into an integrated energy company leveraging E&P and its supply business platform,” the company is moving toward a policy of reviewing its medium- to long-term plan during FY2021 in light of JAPEX2050, the lower crude oil price assumption and changes in its portfolio. - FY2020RestatedAnnual report
「“Growth into an integrated energy company leveraging E&P and its supply business platform”」
The long-term vision renamed in 2018 continues under the same name. - FY2018ReframedAnnual report
「“Growth into an integrated energy company leveraging E&P and its supply business platform”」
The company renamed and reset its long-term vision, shifting from the previous “transformation into an integrated energy company centered on E&P” to growth leveraging E&P and its supply business platform. - FY2017RestatedAnnual report
「“Transformation into an integrated energy company centered on oil and natural gas E&P (exploration, development and production)”」
The company continues to use the long-term vision’s name and its direction of expanding its business domains around E&P. - FY2016First statedAnnual report
「“Transformation into an integrated energy company centered on oil and natural gas E&P”」
The company presented the transformation from a business structure close to pure-play E&P into an integrated energy company encompassing related fields and new businesses as its long-term vision.