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Japan Petroleum Exploration Co ( (JP:1662) ) has provided an update.
Japan Petroleum Exploration Co., Ltd. (JAPEX) has decided to transfer its gas manufacturing, sales, and gas pipeline business in Hokkaido Prefecture to Hokkaido Electric Power Co., Inc. (HEPCO) as part of its strategy to strengthen profitability and build a long-term business foundation. This move aligns with JAPEX’s Management Plan 2022-2030, allowing the company to focus on its core exploration and production operations while continuing to supply natural gas to HEPCO.
The most recent analyst rating on (JP:1662) stock is a Buy with a Yen1607.00 price target. To see the full list of analyst forecasts on Japan Petroleum Exploration Co stock, see the JP:1662 Stock Forecast page.
More about Japan Petroleum Exploration Co
Japan Petroleum Exploration Co., Ltd. (JAPEX) is a company engaged in the exploration, development, and production of crude oil and natural gas. It operates primarily in the energy sector, focusing on providing a stable supply of natural gas and LNG to its customers.
Average Trading Volume: 1,209,747
Technical Sentiment Signal: Buy
Current Market Cap: Yen361.4B
See more data about 1662 stock on TipRanks’ Stock Analysis page.