INPEX raised its current-year net profit forecast from the previous forecast and revised its full-year net profit forecast upward by 7.8% to ¥550.0 billion. In addition, cumulative third-quarter net profit was ¥407.6 billion, up 38.9% year on year.
On 12 November, INPEX announced its results, reporting consolidated net profit of ¥407.6 billion for the 9 months ended September, up 38.9% year on year.
It raised its full-year earnings forecast from the previous ¥510.0 billion to ¥550.0 billion, with the growth rate expected to expand from 29.5% to 39.7%. Based on the assumptions following the upward revision, second-half net profit was also raised to ¥286.8 billion.
The results for the most recent 3 quarters show continued improvements in revenue and operating margins, while net profit for the July-September quarter increased significantly from the same period a year earlier.
The revision to the full-year earnings forecast, including the second half, may lead to a new record high in net profit.