TSE:1605Oil and Gas
Does Inpex’s Completed ¥100B Buyback Shift the Capital Allocation Story for Inpex (TSE:1605)?
In the past weeks, Inpex completed its share repurchase program announced in August 2025, buying back 35,238,300 shares, or 2.96% of its outstanding stock, for ¥99,999.94 million, including 3,216,500 shares repurchased between January 1 and January 9, 2026 for ¥9,975.22 million.
This completed buyback meaningfully reduces the company’s share count, which can lift per-share financial metrics and is often read as a signal of management confidence in capital allocation.
With Inpex’s repurchase...