Source disclosure: February 12, 2026
Japan Petroleum Exploration Co.,Ltd. [1662.T]
TOKYO, Feb 12 (Pulse News Wire) – Japan Petroleum Exploration CO.,LTD. (1662.T) reported a net profit decline for the third quarter ended March 2026 compared to the same period last year.
Operating profit was ¥44.50 billion from ¥32.00 billion due to lower crude oil sales prices and reduced natural gas volumes. The company also noted a decrease in revenue to ¥274.82 billion from ¥14.80 billion, primarily driven by weaker WTI crude oil prices and unfavorable foreign exchange rates.
Despite these challenges, Japan Petroleum Exploration maintained its dividend payout policy, aiming for a dividend yield of 30% percent based on quarterly performance. Looking ahead, the firm expects improved conditions, projecting higher operating profits for the fiscal year ending March 2026, driven by anticipated gains from overseas projects and increased LNG sales.
However, uncertainties remain due to fluctuating global energy markets and currency movements.
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