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The latest update is out from INPEX ( (JP:1605) ).
INPEX has sharply raised its consolidated financial forecasts for the first half and full year 2026, citing stable operations at the Ichthys Project and other assets, along with updated assumptions for higher Brent crude prices and a weaker yen. The company now expects higher revenue, operating profit and profit attributable to owners of the parent, presenting these projections as ranges to reflect heightened uncertainty stemming from geopolitical risks in the Middle East and volatile energy and currency markets.
For the six months to June 30, 2026, revenue is now projected at ¥1.044 trillion to ¥1.087 trillion, with operating profit of ¥579 billion to ¥628 billion and profit attributable to owners of the parent of ¥180 billion to ¥214 billion, implying double-digit percentage increases versus the previous forecast. For the full year, INPEX forecasts revenue of ¥2.004 trillion to ¥2.291 trillion and profit attributable to owners of the parent of ¥350 billion to ¥450 billion, signaling stronger-than-expected earnings momentum that, if realized, would reinforce its cash-generation capacity and resilience amid a volatile global energy environment.
The revised outlook is underpinned by new crude price assumptions of US$79–86 per barrel for Brent in the first half and US$61–80 in the second half, and by a weaker yen range of ¥154–156 per dollar for the full year, both materially higher than the February assumptions. By disclosing guidance in ranges and explicitly tying revisions to market volatility and geopolitical uncertainty, INPEX is signaling both confidence in its operational base and caution about external risks, a stance that will be closely watched by investors, lenders and other stakeholders exposed to commodity price swings.
The most recent analyst rating on (JP:1605) stock is a Hold with a Yen2580.00 price target. To see the full list of analyst forecasts on INPEX stock, see the JP:1605 Stock Forecast page.
More about INPEX
INPEX CORPORATION is a major Japanese energy company listed on the Tokyo Stock Exchange Prime Market, engaged primarily in oil and natural gas exploration and production. Its portfolio includes large-scale projects such as the Ichthys LNG development, and its earnings are highly sensitive to movements in crude oil prices and foreign exchange rates.
Average Trading Volume: 11,426,974
Technical Sentiment Signal: Strong Buy
Current Market Cap: Yen4722.6B
For detailed information about 1605 stock, go to TipRanks’ Stock Analysis page.