Profit sensitivity to changes in exploration investment
First written in FY2017. 1 of 5 entries say "Worsened", first in 2026-08-06. Latest entry: 2026-08-06.
No other company in this theme has enough history to compare yet.
- 2026-08-06WorsenedEarnings
「Exploration expenses increased by ¥3,677 million year on year to ¥3,929 million」
Exploration expenses increased substantially from the same period of the previous year, and fluctuations in exploration investment were identified as a factor reducing operating income for the quarter. - FY2025Decrease in Exploration ExpensesAnnual report
「Exploration expenses decreased by ¥364 million to ¥3,172 million, down 10.3% from the previous consolidated fiscal year,」
In relation to the structure whereby changes in annual exploration expenses affect profit, exploration expenses for the year were ¥3,172 million, down 10.3% year on year. - FY2025-H1Significant Increase in Exploration ExpensesAnnual report
「Exploration expenses increased by ¥1,140 million to ¥2,122 million, up 116.1% year on year,」
In relation to the structure whereby changes in exploration investment affect profit, exploration expenses for the six-month period were ¥2,122 million, up 116.1% year on year. - FY2024-Q1Increase in Exploration ExpensesAnnual report
「Exploration expenses increased by ¥255 million to ¥255 million, up ¥158 million year on year (+162.0%), while selling, general and administrative expenses increased by ¥561 million to ¥7,349 million (+8.3%). As a result, operating profit increased by ¥3,093 million to ¥12,903 million (+31.5%) year on year.」
The company disclosed that exploration expenses for the quarter were ¥255 million, up 162.0% year on year, in relation to the structure whereby changes in annual exploration investment affect profit. Exploration expenses increased, but operating profit rose 31.5% year on year. - FY2017First statedAnnual report
「Exploration investment is expensed either as exploration costs or through the recognition of provisions. Consequently, changes in exploration investment in each fiscal year directly affect the group's profit.」
The company identifies as a risk the structure whereby changes in annual exploration investment directly affect profit through the expensing of exploration investment.