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Japan Petroleum Exploration Co ( (JP:1662) ) has issued an announcement.
Japan Petroleum Exploration Co., Ltd. has raised its consolidated earnings forecast for the fiscal year ending March 31, 2026, citing stronger performance at overseas subsidiaries driven by a weaker yen. The company now projects net sales of ¥347 billion, operating profit of ¥39 billion, ordinary profit of ¥55 billion, and profit attributable to owners of parent of ¥45 billion, all higher than its November guidance.
The revised outlook reflects increased sales profits abroad and additional foreign exchange gains, resulting in double-digit percentage upgrades to operating and bottom-line forecasts. Despite the higher profit expectations, JAPEX is keeping its year-end dividend forecast unchanged at ¥20 per share for now, stating that the final payout will be determined after reviewing full-year results under its policy of targeting a 30% consolidated dividend payout ratio.
The most recent analyst rating on (JP:1662) stock is a Buy with a Yen2503.00 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. is a Japanese energy company focused on the exploration, development, and production of oil and natural gas. Listed on the Prime Market of the Tokyo Stock Exchange, JAPEX operates domestically and through overseas subsidiaries, with earnings sensitive to crude oil prices and foreign exchange movements due to its international footprint.
Average Trading Volume: 2,727,005
Technical Sentiment Signal: Buy
Current Market Cap: Yen521.9B
For an in-depth examination of 1662 stock, go to TipRanks’ Overview page.