Board Change • May 20
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Independent Outside Director Hidenori Takaoka was the last director to join the board, commencing their role in 2026. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Aankondiging • Mar 04
Inpex Corporation (TSE:1605) entered into an agreement to acquire remaining 49% stake in INPEX Southwest Caspian Sea, Ltd. from Ministry of Economy, Trade and Industry. Inpex Corporation (TSE:1605) entered into an agreement to acquire remaining 49% stake in INPEX Southwest Caspian Sea, Ltd. from Ministry of Economy, Trade and Industry on March 2, 2026. The tranaction was executed through an open bid, and will make INPEX Southwest a wholly owned subsidiary of INPEX. Through INPEX Southwest, INPEX owns a participating interest in the Azeri-Chirag-Gunashli (ACG) Contract Area in the Caspian Sea offshore the Republic of Azerbaijan, where it is engaged in crude oil development and production operations. Aankondiging • Feb 16
Inpex Corporation Announces Resignation of Atsuko Nishimura as Outside Director, Effective February 28, 2026 Inpex Corporation announced the resignation of Atsuko Nishimura, Outside Director, effective February 28, 2026, due to personal reasons. Aankondiging • Feb 13
Inpex Corporation Provides Consolidated Earnings Guidance for the Six Months Ending June 30, 2026 and Year Ending December 31, 2026 Inpex Corporation provided consolidated earnings guidance for the six months ending June 30, 2026 and year ending December 31, 2026. For the six months, the company expects revenue of JPY 971,000 million, operating profit of JPY 476,000 million, profit attributable to owners of parent of JPY 150,000 million and basic earnings per share of JPY 128.71.
For the year, the company expects revenue of JPY 1,893,000 million, operating profit of JPY 957,000 million, profit attributable to owners of parent of JPY 330,000 million and basic earnings per share of JPY 283.17. Aankondiging • Nov 27
INPEX Corporation Announces Executive Changes, Effective January 1, 2026 Effective January 1, 2026, INPEX Corporation announced a change in Representative Director: Hiroshi Fujii, currently serving as Representative Director and Senior Executive Vice President in charge of Europe & Middle East Projects, will resign from his Senior Executive Vice President role and transition to Director and Corporate Advisor. Aankondiging • Nov 14
Inpex Corporation Revises Consolidated Earnings Guidance for the Year Ending December 31, 2025 Inpex Corporation revised consolidated earnings guidance for the year ending December 31, 2025. For the year, the company now expects net sales of JPY 2,000,000 million compared to previous guidance of JPY 1,995,000 million, operating profit of JPY 1,120,000 million compared to previous guidance of JPY 1,085,000 million and profit attributable to owners of parent of JPY 390,000 million or JPY 327.97 per basic earnings share compared to previous guidance of JPY 370,000 million. The revision reflects safe and reliable operations in the key projects during the nine months ended September 30, 2025, as well as updated assumptions on the sales volume, crude oil prices and foreign exchange rates for the fourth quarter. Aankondiging • Aug 08
Inpex Corporation (TSE:1605) announces an Equity Buyback for 50,000,000 shares, representing 4.17% for ¥80,000 million. Inpex Corporation (TSE:1605) announces a share repurchase program. Under the program, the company will repurchase up to 50,000,000 shares, representing 4.17% of its issued share capital (excluding treasury shares), for a total of ¥80,000 million. The purpose of repurchase program is to improve capital efficiency and enhance shareholder returns. The repurchase program is valid till December 31, 2025. As of June 30, 2025, the company had 1,198,427,648 shares issued (excluding treasury stock) and had 60,708,419 shares in treasury. Aankondiging • Feb 13
Inpex Corporation, Annual General Meeting, Mar 28, 2025 Inpex Corporation, Annual General Meeting, Mar 28, 2025. Aankondiging • Dec 03
Inpex Corporation to Report Q2, 2025 Results on Aug 08, 2025 Inpex Corporation announced that they will report Q2, 2025 results on Aug 08, 2025 New Risk • Nov 13
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 5.5% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. This is currently the only risk that has been identified for the company. Reported Earnings • Nov 13
Third quarter 2024 earnings released: EPS: JP¥63.01 (vs JP¥20.14 in 3Q 2023) Third quarter 2024 results: EPS: JP¥63.01 (up from JP¥20.14 in 3Q 2023). Revenue: JP¥556.7b (up 6.4% from 3Q 2023). Net income: JP¥76.8b (up 194% from 3Q 2023). Profit margin: 14% (up from 5.0% in 3Q 2023). The increase in margin was primarily driven by higher revenue. Revenue is expected to fall by 4.2% p.a. on average during the next 3 years compared to a 1.1% decline forecast for the Oil and Gas industry in Europe. Over the last 3 years on average, earnings per share has increased by 17% per year and the company’s share price has also increased by 17% per year. Aankondiging • Sep 04
Timor GAP, E.P. agreed to acquire 16% stake in Bayu-Undan upstream project from Santos Limited (ASX:STO), Tokyo Timor Sea Resources Pty Ltd, Eni S.p.A. (BIT:ENI), Inpex Corporation (TSE:1605) and SK E&S Co., Ltd. Timor GAP, E.P. signed a sale and purchase deed to acquire 16% stake in Bayu-Undan upstream project from Santos Limited (ASX:STO), Tokyo Timor Sea Resources Pty Ltd, Eni S.p.A. (BIT:ENI), Inpex Corporation (TSE:1605) and SK E&S Co., Ltd. on September 2, 2024. Execution of the SPD to effect this transaction is planned to occur in mid-September. Declared Dividend • Aug 11
First half dividend of JP¥43.00 announced Shareholders will receive a dividend of JP¥43.00. Ex-date: 27th December 2024 Payment date: 27th March 2025 Dividend yield will be 345%, which is higher than the industry average of 3.1%. Sustainability & Growth Dividend is well covered by both earnings (30% earnings payout ratio) and cash flows (24% cash payout ratio). The dividend has increased by an average of 17% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 14% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Aug 09
Second quarter 2024 earnings released: EPS: JP¥72.73 (vs JP¥78.70 in 2Q 2023) Second quarter 2024 results: EPS: JP¥72.73 (down from JP¥78.70 in 2Q 2023). Revenue: JP¥594.1b (up 19% from 2Q 2023). Net income: JP¥90.8b (down 12% from 2Q 2023). Profit margin: 15% (down from 21% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to stay flat during the next 3 years compared to a 38% growth forecast for the Oil and Gas industry in Germany. Over the last 3 years on average, earnings per share has increased by 29% per year whereas the company’s share price has increased by 27% per year. Aankondiging • Aug 09
Inpex Corporation (TSE:1605) announces an Equity Buyback for 64,000,000 shares, representing 5.13% for ¥80,000 million. Inpex Corporation (TSE:1605) announces a share repurchase program. Under the program, the company will repurchase up to 64,000,000 shares, representing 5.13% of its issued share capital (excluding treasury shares), for a total of ¥80,000 million. The purpose of repurchase program is to improve capital efficiency and enhance shareholder returns. The repurchase program is valid till December 31, 2024. As of June 30, 2024, the company had 1,248,618,084 shares issued (excluding treasury stock) and had 10,517,983 shares in treasury. Valuation Update With 7 Day Price Move • Aug 05
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to €11.60, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 5x in the Oil and Gas industry in Europe. Total returns to shareholders of 123% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €12.76 per share. New Risk • Aug 02
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 13% Last year net profit margin: 21% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. This is currently the only risk that has been identified for the company. Buy Or Sell Opportunity • Jul 27
Now 22% overvalued Over the last 90 days, the stock has fallen 1.5% to €13.76. The fair value is estimated to be €11.30, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 31% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 1.1% per annum. Earnings are also forecast to grow by 3.1% per annum over the same time period. Buy Or Sell Opportunity • Jul 02
Now 31% overvalued Over the last 90 days, the stock has fallen 2.7% to €13.68. The fair value is estimated to be €10.48, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 31% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 0.9% per annum. Earnings are also forecast to grow by 2.8% per annum over the same time period. Buy Or Sell Opportunity • Jun 25
Now 22% overvalued after recent price rise Over the last 90 days, the stock has risen 1.0% to €13.74. The fair value is estimated to be €11.29, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 31% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 0.9% per annum. Earnings are also forecast to grow by 2.8% per annum over the same time period. Aankondiging • Jun 23
Inpex Corporation to Report Q2, 2024 Results on Aug 08, 2024 Inpex Corporation announced that they will report Q2, 2024 results on Aug 08, 2024 Reported Earnings • May 15
First quarter 2024 earnings released: EPS: JP¥96.82 (vs JP¥116 in 1Q 2023) First quarter 2024 results: EPS: JP¥96.82 (down from JP¥116 in 1Q 2023). Revenue: JP¥596.8b (up 3.2% from 1Q 2023). Net income: JP¥121.8b (down 20% from 1Q 2023). Profit margin: 20% (down from 26% in 1Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to decline by 1.7% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in Germany are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 48% per year but the company’s share price has only increased by 33% per year, which means it is significantly lagging earnings growth. Aankondiging • May 15
Inpex Corporation (TSE:1605) announces an Equity Buyback for 40,000,000 shares, representing 3.18% for ¥50,000 million. Inpex Corporation (TSE:1605) announces a share repurchase program. Under the program, the company will repurchase up to 40,000,000 shares, representing 3.18% of its issued share capital (excluding treasury shares), for a total of ¥50,000 million. The purpose of repurchase program is to improve capital efficiency and enhance shareholder returns. The repurchase program is valid till December 31, 2024. As of March 31, 2024, the company had 79,762,500 shares issued (excluding treasury stock) and had 46 shares in treasury. Declared Dividend • Apr 11
Final dividend of JP¥38.00 announced Shareholders will receive a dividend of JP¥38.00. Ex-date: 27th June 2024 Payment date: 2nd September 2024 Dividend yield will be 259%, which is higher than the industry average of 3.1%. Sustainability & Growth Dividend is well covered by both earnings (29% earnings payout ratio) and cash flows (18% cash payout ratio). The dividend has increased by an average of 15% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 4.7% over the next 3 years, which should provide support to the dividend and adequate earnings cover. New Risk • Apr 10
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 1.6% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. This is currently the only risk that has been identified for the company. Reported Earnings • Mar 29
Full year 2023 earnings released: EPS: JP¥256 (vs JP¥321 in FY 2022) Full year 2023 results: EPS: JP¥256 (down from JP¥321 in FY 2022). Revenue: JP¥2.16t (down 6.9% from FY 2022). Net income: JP¥321.7b (down 27% from FY 2022). Profit margin: 15% (down from 19% in FY 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to stay flat during the next 3 years, in line with the revenue forecast for the Oil and Gas industry in Germany. Over the last 3 years on average, earnings per share has increased by 67% per year but the company’s share price has only increased by 34% per year, which means it is significantly lagging earnings growth. Aankondiging • Mar 08
Inpex Corporation to Report Q1, 2024 Results on May 14, 2024 Inpex Corporation announced that they will report Q1, 2024 results on May 14, 2024 Reported Earnings • Feb 14
Full year 2023 earnings released: EPS: JP¥287 (vs JP¥321 in FY 2022) Full year 2023 results: EPS: JP¥287 (down from JP¥321 in FY 2022). Revenue: JP¥2.17t (down 6.8% from FY 2022). Net income: JP¥371.5b (down 15% from FY 2022). Profit margin: 17% (down from 19% in FY 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to stay flat during the next 3 years, in line with the revenue forecast for the Oil and Gas industry in Germany. Over the last 3 years on average, earnings per share has increased by 68% per year but the company’s share price has only increased by 25% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Dec 21
Upcoming dividend of JP¥37.00 per share at 3.8% yield Eligible shareholders must have bought the stock before 28 December 2023. Payment date: 29 March 2024. Payout ratio is a comfortable 20% and this is well supported by cash flows. Trailing yield: 3.8%. Lower than top quartile of German dividend payers (5.1%). Higher than average of industry peers (3.1%). Buying Opportunity • Dec 09
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 14%. The fair value is estimated to be €15.33, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 43% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 0.7% per annum. Earnings is forecast to decline by 2.1% per annum over the same time period. Aankondiging • Dec 05
Inpex Corporation to Report Fiscal Year 2023 Results on Feb 13, 2024 Inpex Corporation announced that they will report fiscal year 2023 results on Feb 13, 2024 Reported Earnings • Nov 10
Third quarter 2023 earnings released: EPS: JP¥20.14 (vs JP¥60.55 in 3Q 2022) Third quarter 2023 results: EPS: JP¥20.14 (down from JP¥60.55 in 3Q 2022). Revenue: JP¥523.0b (down 13% from 3Q 2022). Net income: JP¥26.1b (down 69% from 3Q 2022). Profit margin: 5.0% (down from 14% in 3Q 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to stay flat during the next 3 years compared to a 2.5% growth forecast for the Oil and Gas industry in Germany. Over the last 3 years on average, earnings per share has increased by 82% per year but the company’s share price has only increased by 43% per year, which means it is significantly lagging earnings growth. Aankondiging • Nov 02
Inpex Corporation (TSE:1605) agreed to acquire a 30% stake in Japan Suiso Energy, Ltd. from Kawasaki Heavy Industries, Ltd. (TSE:7012) Inpex Corporation (TSE:1605) agreed to acquire a 30% stake in Japan Suiso Energy, Ltd. from Kawasaki Heavy Industries, Ltd. (TSE:7012) on October 31, 2023. Valuation Update With 7 Day Price Move • Oct 06
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to €12.40, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 6x in the Oil and Gas industry in Europe. Total returns to shareholders of 219% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €13.72 per share. Aankondiging • Oct 01
Inpex Corporation (TSE:1605) completed the acquisition of 50% stake in Enel Green Power Australia Pty Ltd from Enel Green Power S.p.A. for approximately €140 million. Inpex Corporation (TSE:1605) signed an agreement to acquire 50% stake in Enel Green Power Australia Pty Ltd from Enel Green Power S.p.A. on July 13, 2023. As part of consideration approximately €400 million enterprise value, 100% basis, of which around 140 million euros in debt. The closing of the sale is subject to clearance from the Australian Foreign Investment Review Board and the competent Antitrust authorities. As of August 17, 2023, European Commission has approved the acquisition. Credit Suisse AG (Milan Branch) acted as financial advisor to Enel Green Power S.p.A. Simon Reed, Daniel Zador, Peter Davis of Herbert Smith Freehills acted as legal advisor to INPEX Renewable Energy Australia Pty Ltd.
Inpex Corporation (TSE:1605) completed the acquisition of 50% stake in Enel Green Power Australia Pty Ltd from Enel Green Power S.p.A. for approximately €140 million on July 13, 2023. Aankondiging • Sep 05
Inpex Corporation to Report Nine Months, 2023 Results on Nov 09, 2023 Inpex Corporation announced that they will report nine months, 2023 results on Nov 09, 2023 Aankondiging • Aug 22
Inpex Corporation (TSE:1605) and TotalEnergies SE (ENXTPA:TTE) signed an agreement to acquire PTT Exploration and Production Public Company Limited (SET:PTTEP). Inpex Corporation (TSE:1605) and TotalEnergies SE (ENXTPA:TTE) signed an agreement to acquire PTT Exploration and Production Public Company Limited (SET:PTTEP) on August 21, 2023. TotalEnergies will acquire a 26% interest in the permit in line with its equity in Ichthys LNG, while INPEX will acquire the remaining 74% and assume operatorship. The transaction is subject to approval by the relevant authorities. Aankondiging • Aug 10
Inpex Corporation (TSE:1605) announces an Equity Buyback for 80,000,000 shares, representing 6.12% for ¥100,000 million. Inpex Corporation (TSE:1605) announces a share repurchase program. Under the program, the company will repurchase up to 80,000,000 shares, representing 6.12% of its issued share capital (excluding treasury shares), for a total of ¥100,000 million. The purpose of repurchase program is to improve capital efficiency and enhance shareholder returns. The repurchase program is valid till December 29, 2023. As of June 30, 2023, the company had 1,306,904,667 shares outstanding and had 79,762,500 shares in treasury. Reported Earnings • Aug 10
Second quarter 2023 earnings released: EPS: JP¥78.70 (vs JP¥65.20 in 2Q 2022) Second quarter 2023 results: EPS: JP¥78.70 (up from JP¥65.20 in 2Q 2022). Revenue: JP¥500.3b (down 18% from 2Q 2022). Net income: JP¥102.8b (up 14% from 2Q 2022). Profit margin: 21% (up from 15% in 2Q 2022). The increase in margin was driven by lower expenses. Revenue is expected to decline by 1.3% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in Germany are expected to grow by 1.6%. Aankondiging • Jul 14
Inpex Corporation (TSE:1605) signed an agreement to acquire 50% stake in Enel Green Power Australia Pty Ltd from Enel Green Power S.p.A. Inpex Corporation (TSE:1605) signed an agreement to acquire 50% stake in Enel Green Power Australia Pty Ltd from Enel Green Power S.p.A. on July 13, 2023. As part of consideration approximately €400 million enterprise value, 100% basis, of which around 140 million euros in debt. The closing of the sale is subject to clearance from the Australian Foreign Investment Review Board and the competent Antitrust authorities. Upcoming Dividend • Jun 22
Upcoming dividend of JP¥32.00 per share at 4.0% yield Eligible shareholders must have bought the stock before 29 June 2023. Payment date: 01 September 2023. Payout ratio is a comfortable 17% and this is well supported by cash flows. Trailing yield: 4.0%. Lower than top quartile of German dividend payers (4.7%). Higher than average of industry peers (2.3%). Aankondiging • Jun 01
Inpex Corporation to Report Q2, 2023 Results on Aug 09, 2023 Inpex Corporation announced that they will report Q2, 2023 results on Aug 09, 2023 Reported Earnings • May 12
First quarter 2023 earnings released: EPS: JP¥116 (vs JP¥67.86 in 1Q 2022) First quarter 2023 results: EPS: JP¥116 (up from JP¥67.86 in 1Q 2022). Revenue: JP¥578.5b (up 19% from 1Q 2022). Net income: JP¥151.5b (up 61% from 1Q 2022). Profit margin: 26% (up from 19% in 1Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to stay flat during the next 3 years compared to a 2.5% growth forecast for the Oil and Gas industry in Germany. Reported Earnings • Apr 02
Full year 2022 earnings released: EPS: JP¥321 (vs JP¥154 in FY 2021) Full year 2022 results: EPS: JP¥321 (up from JP¥154 in FY 2021). Revenue: JP¥2.32t (up 87% from FY 2021). Net income: JP¥438.3b (up 97% from FY 2021). Profit margin: 19% (up from 18% in FY 2021). The increase in margin was driven by higher revenue. Revenue is expected to decline by 2.4% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in Germany are expected to grow by 3.5%. Over the last 3 years on average, earnings per share has increased by 70% per year but the company’s share price has only increased by 21% per year, which means it is significantly lagging earnings growth. Buying Opportunity • Mar 15
Now 22% undervalued after recent price drop Over the last 90 days, the stock is down 4.0%. The fair value is estimated to be €12.30, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 33% over the last 3 years. Earnings per share has grown by 71%. For the next 3 years, revenue is forecast to decline by 2.6% per annum. Earnings is also forecast to decline by 6.0% per annum over the same time period. Reported Earnings • Feb 12
Full year 2022 earnings released: EPS: JP¥336 (vs JP¥154 in FY 2021) Full year 2022 results: EPS: JP¥336 (up from JP¥154 in FY 2021). Revenue: JP¥2.32t (up 87% from FY 2021). Net income: JP¥438.3b (up 97% from FY 2021). Profit margin: 19% (up from 18% in FY 2021). The increase in margin was driven by higher revenue. Oil sales price Average sales price/bbl (hedged): US$12,885 Combined production Oil equivalent production: 227.1 MMboe (213.3 MMboe in FY 2021) Revenue is expected to decline by 3.4% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in Germany are expected to grow by 8.1%. Over the last 3 years on average, earnings per share has increased by 71% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Buying Opportunity • Feb 07
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 8.5%. The fair value is estimated to be €12.15, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 21% over the last 3 years. Earnings per share has grown by 48%. For the next 3 years, revenue is forecast to decline by 2.9% per annum. Earnings is also forecast to decline by 4.7% per annum over the same time period. Aankondiging • Feb 03
Repsol Oil & Gas USA, LLC acquired INPEX Eagle Ford, LLC from Inpex Corporation (TSE:1605). Repsol Oil & Gas USA, LLC acquired INPEX Eagle Ford, LLC from Inpex Corporation (TSE:1605) on February 1, 2023.Repsol Oil & Gas USA, LLC completed the acquisition of INPEX Eagle Ford, LLC from Inpex Corporation (TSE:1605) on February 1, 2023. Buying Opportunity • Jan 20
Now 21% undervalued Over the last 90 days, the stock is up 2.5%. The fair value is estimated to be €12.72, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 21% over the last 3 years. Earnings per share has grown by 48%. For the next 3 years, revenue is forecast to decline by 2.9% per annum. Earnings is also forecast to decline by 5.0% per annum over the same time period. Upcoming Dividend • Dec 22
Upcoming dividend of JP¥30.00 per share Eligible shareholders must have bought the stock before 29 December 2022. Payment date: 28 March 2023. Payout ratio is a comfortable 23% and this is well supported by cash flows. Trailing yield: 4.3%. Lower than top quartile of German dividend payers (5.1%). Higher than average of industry peers (1.2%). Aankondiging • Dec 17
Inpex Corporation to Report Fiscal Year 2022 Results on Feb 09, 2023 Inpex Corporation announced that they will report fiscal year 2022 results on Feb 09, 2023 Buying Opportunity • Dec 17
Now 22% undervalued after recent price drop Over the last 90 days, the stock is down 9.7%. The fair value is estimated to be €12.48, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 21% over the last 3 years. Earnings per share has grown by 48%. For the next 3 years, revenue is forecast to decline by 2.2% per annum. Earnings is also forecast to decline by 3.7% per annum over the same time period. Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there are only 5 independent directors on the board. The company's board is composed of: 5 independent directors. 7 non-independent directors. Independent Outside Director Tomoo Nishikawa was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Buying Opportunity • Nov 10
Now 22% undervalued after recent price drop Over the last 90 days, the stock is down 6.2%. The fair value is estimated to be €13.62, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 21% over the last 3 years. Earnings per share has grown by 48%. For the next 3 years, revenue is forecast to decline by 2.0% per annum. Earnings is also forecast to decline by 3.9% per annum over the same time period. Reported Earnings • Nov 09
Third quarter 2022 earnings released: EPS: JP¥61.50 (vs JP¥58.72 in 3Q 2021) Third quarter 2022 results: EPS: JP¥61.50. Revenue: JP¥600.3b (up 71% from 3Q 2021). Net income: JP¥83.0b (down 3.2% from 3Q 2021). Profit margin: 14% (down from 24% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue is expected to fall by 2.0% p.a. on average during the next 3 years compared to a 4.6% decline forecast for the Oil and Gas industry in Germany. 
