Japan Petroleum Exploration Co.,Ltd. [1662.T]
TOKYO, May 13 (Pulse News Wire) – Japan Petroleum Exploration CO.,LTD. (1662.T) reported its individual performance for the fiscal year ending March 31, 2026, showing significant declines compared to the previous fiscal year.
For the fiscal year ended March 31, 2026, the company's revenue decreased to ¥190.5 billion from ¥207.0 billion in the prior year. Operating profit was ¥16.66 billion from ¥28.26 billion, while ordinary profit dropped to ¥35.51 billion from ¥41.41 billion. Net income declined to ¥37.92 billion from ¥73.86 billion in the previous fiscal year.
The decrease in net income was attributed to lower sales volumes and prices of crude oil, natural gas, and liquefied natural gas, along with reduced investment securities gains. Specifically, the reduction in sales volume and price decreases led to a decline in revenues and profitability. Additionally, the sharp drop in net income was further exacerbated by diminished gains from the sale of investment securities.
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