Japan Petroleum Exploration Posts Lower Operating Profit, Adjusts Dividends

TOKYO, May 13 (Pulse News Wire) – Japan Petroleum Exploration CO.,LTD. (1662.T) reported lower operating profit for the fiscal year ended March 2026 compared to the previous year.

The company's operating profit was ¥389 million from -¥600 million, primarily due to reduced sales volumes and prices of crude oil and natural gas. Net profit also declined to ¥534 million from ¥811 million last year, largely impacted by the loss from investment securities sold. Looking ahead, Japan Petroleum Exploration expects its operating profit to rise slightly to ¥410 million for the fiscal year ending March 2027.

However, net profit is projected to decrease to -¥600 million amid anticipated declines in foreign exchange gains and derivative income. The company plans to adjust dividend payments accordingly, with interim dividends set at a certain level and final dividends yet to be determined. Specific dividend figures were not disclosed but indicated adjustments based on earnings expectations.