INPEX CORPORATION (JP:1605)
:1605
Earnings Data
Report Date
May 19, 2026TBA (Not Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
78.2Last Year’s EPS
105.46Same Quarter Last Year
Moderate Buy
Based on 6 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Neutral
The call presented a mix of strong operational and market achievements (record adjusted earnings, robust shareholder returns, share-price recovery, Ichthys contribution, progress on Abadi FEED, and active clean-energy initiatives) alongside notable near-term headwinds (commodity/FX sensitivity, Ichthys commissioning disruption, large FY2026 capex driving negative free cash flow and higher leverage, and ROIC/ROE metrics near or below capital costs). Management emphasized disciplined financing, continued shareholder returns and long-term growth confidence, but several execution and financial-return risks remain until major growth projects ramp. Overall, positives are meaningful but balanced by concrete near-term financial and operational risks.Company Guidance
Strong FY2025 Adjusted Profit Performance
Reported net profit of JPY 393.8 billion for FY2025 (third-highest on record); company states that after adjusting for oil price and FX this is the highest on record, demonstrating improved earnings-generating ability.
Shareholder Returns and Dividend Policy
Total shareholder return ratio was 55.4% for the year; dividend for FY2025 was JPY 100 and management is forecasting an increased annual dividend of JPY 108 per share for FY2026 while committing to a total shareholder return ratio of more than 50%.
Share Price and PB Ratio Recovery
Share price rose from JPY 1,396 (end-2022) to JPY 3,127 (end of last fiscal year) and to ~JPY 3,998 at time of call; PB ratio improved from 0.48x to ~0.98x (nearing 1x), indicating improved market recognition.
Ichthys Operational Output and Contribution
Ichthys shipped 112 cargoes in 2025 and contributed approximately JPY 270 billion to profit despite a shutdown/ delayed restart; the asset remains a major earnings contributor.
Progress on Abadi and Development Projects
Abadi moved into FEED (August 2025) with steady FEED progress, active marketing discussions with potential customers, improving financing environment, and expectations to secure permits and advance negotiations this year—key step toward early-2030s production.
Energy Transition / Clean-Energy Initiatives
Advanced demonstration projects and investments in low-carbon technologies: blue hydrogen (Niigata demonstration and CCS plans), e‑methane commissioning, 50/50 JV renewable investments in Australia (enabling ~838 MW equivalent via partner projects), Muara Laboh geothermal FID, and participation in Japan's first floating offshore wind project (Goto).
Large, Targeted Growth Investment Plan
FY2026 planned growth investment of JPY 850 billion (versus ~JPY 400 billion in FY2025 — roughly double), within a disclosed 3-year growth plan of JPY 1.9 trillion; investments prioritized in natural gas/LNG, Abadi, capacity expansions and selective asset acquisitions.
Profit Booster / Balance-Sheet Initiatives
Realized balance-sheet/tax-related positive impacts (gross ~JPY 80 billion in FY2025; net delta ~JPY 60 billion year-on-year) and expect ~JPY 90 billion from profit-boosting measures in FY2026, indicating active financial optimization.
Earnings Sensitivity and Forecast Transparency
Management disclosed FY2026 profit guidance of JPY 330 billion based on conservative assumptions (Brent $63/bbl, JPY 151/USD) and published sensitivities: approximately JPY 5.5 billion per $1/ bbl change in oil and JPY 3 billion per JPY1 change in FX exposure.
Investor Engagement and Improved Market Perception
Increased investor outreach (495 dialogues last year) and a notable growth in retail investor base (stated ~17x increase since 2019), supporting improved liquidity and understanding of the company’s strategy.
JP:1605 Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
JP:1605 Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Feb 12, 2026 | ¥3845.00 | ¥3998.00 | +3.98% |
Nov 13, 2025 | ¥2971.99 | ¥2968.05 | -0.13% |
Aug 08, 2025 | ¥2154.20 | ¥2194.55 | +1.87% |
May 13, 2025 | ¥1786.52 | ¥1815.31 | +1.61% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does INPEX CORPORATION (JP:1605) report earnings?
INPEX CORPORATION (JP:1605) is schdueled to report earning on May 19, 2026, TBA (Not Confirmed).
What is INPEX CORPORATION (JP:1605) earnings time?
INPEX CORPORATION (JP:1605) earnings time is at May 19, 2026, TBA (Not Confirmed).
Where can I see when companies are reporting earnings?
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What companies are reporting earnings today?
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What is the P/E ratio of INPEX CORPORATION stock?
The P/E ratio of INPEX is N/A.
What is JP:1605 EPS forecast?
JP:1605 EPS forecast for the fiscal quarter 2026 (Q1) is 78.2.