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JAPEX Revises Financial Forecasts and Increases Dividend

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JAPEX Revises Financial Forecasts and Increases Dividend

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Japan Petroleum Exploration Co ( (JP:1662) ) just unveiled an announcement.

Japan Petroleum Exploration Co., Ltd. (JAPEX) has revised its financial and dividend forecasts for the fiscal year ending March 31, 2025. The company anticipates a decrease in operating profit due to increased costs related to equipment, materials, labor, and asset retirement obligations. Additionally, foreign exchange losses are expected to impact ordinary profit and profit attributable to owners of the parent. Despite these challenges, JAPEX has increased its year-end dividend forecast by 5 yen per share, reflecting its commitment to maintaining a dividend payout ratio aligned with business results.

More about Japan Petroleum Exploration Co

Japan Petroleum Exploration Co., Ltd. (JAPEX) operates in the energy sector, focusing on the exploration, development, and production of oil and natural gas. The company is listed on the Prime Market of the Tokyo Stock Exchange and is involved in both domestic and international projects.

YTD Price Performance: 5.14%

Average Trading Volume: 3,533

Technical Sentiment Signal: Sell

Current Market Cap: $1.86B

See more insights into 1662 stock on TipRanks’ Stock Analysis page.

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