Reported Earnings • Aug 07
First quarter 2027 earnings released: EPS: JP¥12.66 (vs JP¥61.40 in 1Q 2026) First quarter 2027 results: EPS: JP¥12.66 (down from JP¥61.40 in 1Q 2026). Revenue: JP¥65.1b (down 21% from 1Q 2026). Net income: JP¥3.24b (down 79% from 1Q 2026). Profit margin: 5.0% (down from 19% in 1Q 2026). Revenue is forecast to grow 6.7% p.a. on average during the next 3 years, compared to a 7.3% growth forecast for the Oil and Gas industry in Germany. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has increased by 16% per year, which means it is tracking significantly ahead of earnings growth. Declared Dividend • Jul 26
Final dividend of JP¥22.50 announced Shareholders will receive a dividend of JP¥22.50. Ex-date: 29th September 2026 Payment date: 14th December 2026 Dividend yield will be 241%, which is higher than the industry average of 3.1%. Sustainability & Growth Dividend is well covered by both earnings (31% earnings payout ratio) and cash flows (16% cash payout ratio). The dividend has increased by an average of 16% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to decline by 6.3% over the next 3 years. However, it would need to fall by 65% to increase the payout ratio to a potentially unsustainable range. Duyuru • Jun 05
Japan Petroleum Exploration Co., Ltd. to Report Q1, 2027 Results on Aug 06, 2026 Japan Petroleum Exploration Co., Ltd. announced that they will report Q1, 2027 results on Aug 06, 2026 Board Change • May 20
Less than half of directors are independent There are 6 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 5 independent directors. 6 non-independent directors. Independent Outside Director Koji Kakigi was the last independent director to join the board, commencing their role in 2025. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Duyuru • May 13
Japan Petroleum Exploration Co., Ltd., Annual General Meeting, Jun 23, 2026 Japan Petroleum Exploration Co., Ltd., Annual General Meeting, Jun 23, 2026. Duyuru • Mar 14
Japan Petroleum Exploration Co., Ltd. to Report Fiscal Year 2026 Results on May 13, 2026 Japan Petroleum Exploration Co., Ltd. announced that they will report fiscal year 2026 results on May 13, 2026 Duyuru • Dec 06
Japan Petroleum Exploration Co., Ltd. to Report Q3, 2026 Results on Feb 12, 2026 Japan Petroleum Exploration Co., Ltd. announced that they will report Q3, 2026 results on Feb 12, 2026 Duyuru • Nov 27
PT Energi Mega Persada Tbk (IDX:ENRG) acquired remaining 25% stake in Kangean Energy Indonesia Ltd. from Japan Petroleum Exploration Co., Ltd. (TSE:1662). PT Energi Mega Persada Tbk (IDX:ENRG) acquired remaining 25% stake in Kangean Energy Indonesia Ltd. from Japan Petroleum Exploration Co., Ltd. (TSE:1662) on November 25, 2025. PT Energi Mega Persada Tbk is holds 100% of Kangean Energy Indonesia Ltd. and it will operate the block through its subsidiary.
PT Energi Mega Persada Tbk (IDX:ENRG) completed the acquisition of remaining 25% stake in Kangean Energy Indonesia Ltd. from Japan Petroleum Exploration Co., Ltd. (TSE:1662) on November 25, 2025. Duyuru • Sep 04
Japan Petroleum Exploration Co., Ltd. to Report Q2, 2026 Results on Nov 12, 2025 Japan Petroleum Exploration Co., Ltd. announced that they will report Q2, 2026 results at 2:00 PM, Tokyo Standard Time on Nov 12, 2025 Duyuru • Jun 25
Japan Petroleum Exploration Co., Ltd. Announces Independent Committee Changes Japan Petroleum Exploration Co., Ltd. announced that a meeting of its Board of Directors held resolved to appoint one of three members of the Independent Committee established under the measures to prevent the large-scale acquisition of shares of JAPEX (takeover defense measures). This is due to the resignation of Mr. ITO Tetsuo from the Independent Committee member following retirement from Outside Director at the time ending the 55th Ordinary General Meeting of the Shareholders held today. Details of a new member are as follows: Career Summary of WADA Masaki: Born December 21, 1961, April 1987: Appointed prosecutor, July 2014: Chief Public Prosecutor of Hakodate District Public Prosecutors Office, Jan. 2017: Director-General of the Immigration Bureau, Ministry of Justice, Jan. 2019: Director of Trial Department, Supreme Public Prosecutors Office, May 2020: Director-General of Public Security Intelligence Agency, Jan. 2023: Superintending Prosecutor of Hiroshima High District Public Prosecutors Office, Mar. 2025: Recorded attorney (Daiichi Tokyo Bar Association) (up to the present date), Mar. 2025: Attorney at HANZOMON SOGO LAW OFFICE (up to the present date), June 2025: Director at JAPEX (up to the present date). Term: Up to the close of the Ordinary General Meeting of the Shareholders to be held in June 2026. Therefore, the three members of the Independent Committee will be Mr. WADA Masaki, Ms. YAMASHITA Yukari (Outside Director of JAPEX), and Mr. KAWAKITA Chikara (Outside Audit & Supervisory Board Member of JAPEX) . Duyuru • Jun 07
Japan Petroleum Exploration Co., Ltd. to Report Q1, 2026 Results on Aug 07, 2025 Japan Petroleum Exploration Co., Ltd. announced that they will report Q1, 2026 results on Aug 07, 2025 Duyuru • May 29
Astomos Energy Corporation agreed to acquire 90% stake in Japex Energy Corporation from Japan Petroleum Exploration Co., Ltd. (TSE:1662) for approximately ¥100 million. Astomos Energy Corporation agreed to acquire 90% stake in Japex Energy Corporation from Japan Petroleum Exploration Co., Ltd. (TSE:1662) for approximately ¥100 million on May 29, 2025. A cash consideration of ¥101 million will be paid by Astomos Energy Corporation. As part of consideration, ¥101 million is paid towards common equity of Japex Energy Corporation.
Under the terms of the transaction, the first transfer, 334 shares is expected to be completed on June 25, 2025 and the second transfer, 566 shares is expected to be completed on December 25, 2025. Duyuru • May 23
Japan Petroleum Exploration Co., Ltd. (TSE:1662) acquired 50% stake in EMP Gebang Ltd. Japan Petroleum Exploration Co., Ltd. (TSE:1662) acquired 50% stake in EMP Gebang Ltd on May 23, 2025.
In conjunction with this acquisition, JAPEX will transfer all of our share in Energi Mega Pratama Inc. through which we participate in the Indonesia Kangean Project to Energi Mega Persada Tbk the parent company of Energi Mega Pratama Inc. Furthermore, by transferring all Energi Mega Pratama Inc. shares, it will be removed from and by acquiring EMP Gebang Ltd shares, EMP Gebang Ltd will be added to the list of equity-method affiliates of JAPEX.
Japan Petroleum Exploration Co., Ltd. (TSE:1662) completed the acquisition of 50% stake in EMP Gebang Ltd on May 23, 2025. Duyuru • Mar 25
Ithaca Energy plc (LSE:ITH) has signed a sale and purchase agreement to acquire 15% stake in Japex Uk E&P Limited from Japan Petroleum Exploration Co., Ltd. (TSE:1662) in a transaction valued at approximately $190 million. Ithaca Energy plc (LSE:ITH) has signed a sale and purchase agreement to acquire Japex Uk E&P Limited from Japan Petroleum Exploration Co., Ltd. (TSE:1662) in a transaction valued at approximately $190 million on March 25, 2025. he Transaction, which is subject to the satisfaction of certain conditions including regulatory approval, will increase Ithaca Energy's WI in Seagull from 35% to 50%, equalling bp's interest as the field operator. The transaction is expected to be completed on June 30, 2025. Duyuru • Mar 06
Japan Petroleum Exploration Co., Ltd. to Report Fiscal Year 2025 Results on May 13, 2025 Japan Petroleum Exploration Co., Ltd. announced that they will report fiscal year 2025 results on May 13, 2025 Duyuru • Dec 07
Japan Petroleum Exploration Co., Ltd. to Report Q3, 2025 Results on Feb 12, 2025 Japan Petroleum Exploration Co., Ltd. announced that they will report Q3, 2025 results on Feb 12, 2025 Reported Earnings • Nov 16
Second quarter 2025 earnings released: EPS: JP¥37.51 (vs JP¥54.47 in 2Q 2024) Second quarter 2025 results: EPS: JP¥37.51 (down from JP¥54.47 in 2Q 2024). Revenue: JP¥94.1b (up 5.3% from 2Q 2024). Net income: JP¥9.65b (down 35% from 2Q 2024). Profit margin: 10% (down from 17% in 2Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to stay flat 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 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 • Sep 20
Upcoming dividend of JP¥125 per share Eligible shareholders must have bought the stock before 27 September 2024. Payment date: 12 December 2024. Payout ratio is a comfortable 31% and the cash payout ratio is 77%. Trailing yield: 4.7%. Lower than top quartile of German dividend payers (4.8%). Higher than average of industry peers (2.7%). Duyuru • Aug 27
Japan Petroleum Exploration Co., Ltd. to Report Q2, 2025 Results on Nov 13, 2024 Japan Petroleum Exploration Co., Ltd. announced that they will report Q2, 2025 results at 2:00 PM, Tokyo Standard Time on Nov 13, 2024 Reported Earnings • Aug 12
First quarter 2025 earnings released: EPS: JP¥219 (vs JP¥240 in 1Q 2024) First quarter 2025 results: EPS: JP¥219 (down from JP¥240 in 1Q 2024). Revenue: JP¥89.5b (up 46% from 1Q 2024). Net income: JP¥11.5b (down 12% from 1Q 2024). Profit margin: 13% (down from 21% in 1Q 2024). The decrease in margin was driven by higher expenses. Revenue is expected to decline by 1.1% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in Germany are expected to grow by 38%. 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 35% per year, which means it is significantly lagging earnings growth. Duyuru • Jun 18
Japan Petroleum Exploration Co., Ltd. (TSE:1662) share purchase agreement to acquire remaining 50.1% stake in Longboat Energy Norge As from Longboat Energy plc (AIM:LBE) for $2.5 million on June 17, 2024. Japan Petroleum Exploration Co., Ltd. (TSE:1662) share purchase agreement to acquire remaining 50.1% stake in Longboat Energy Norge As from Longboat Energy plc (AIM:LBE) for $2.5 million on June 17, 2024. cash consideration of $2.5 million payable on completion plus the assumption of the entire debt drawn by LJN under the Acquisition Bridge Facility provided to the joint venture by JAPEX. Net drawings to Longboat under the Acquisition Facility are currently $8.5 million. JAPEX will also assume all financial obligations associated with LJN including all staff and running costs going forward and has amended the Acquisition Facility pre-completion to allow further drawings to manage the immediate working capital needs at LJN. The Management Services Agreement providing for transitional services between LJN and the Company will remain in-place until 30 September 2024 resulting in an estimated net outflow. As detailed in its Report and Accounts to 31 December 2023, Longboat now equity accounts for the LJN joint venture in its financial statements and therefore the Transaction is not anticipated to have an impact on its future profitability. Longboat intends to use the proceeds from the Transaction to fund its working capital requirements and ongoing operations in Malaysia as part of the Company's plan to pivot its efforts to building a business in Southeast Asia. The Transaction consideration, along with ongoing efforts to cut Longboat's cost base, are forecast to provide capital to run the Company through the end of Q1-25. The change in geographic focus is detailed in a separate press release made by the Company today. The reduction in value in Longboat's investment into LJN is directly attributable to the performance of the underlying assets and certain restrictive provisions in the Shareholder Agreement which limit the marketability of the LJN shares. Due to the equity accounting of the joint venture, Longboat does not book oil & gas reserves related to LJN and the previous production guidance range detailed on 29 May 2024 should now be disregarded. As of December 2023, Longboat Energy Norge As as net assets of $18.25 million, total assets are $6.22 million, total revenue is $0.77 million. The Transaction remains subject to regulatory approvals in Norway, approval by the lenders under the Exploration Finance Facility and the transfer of any third-party contracts. In the period prior to completion, Longboat has agreed to vote in favor of certain resolutions put to the LJN board as instructed by JAPEX. Completion of the Transaction is anticipated during Q3 2024. Duyuru • Jun 08
Japan Petroleum Exploration Co., Ltd. to Report Q1, 2025 Results on Aug 08, 2024 Japan Petroleum Exploration Co., Ltd. announced that they will report Q1, 2025 results on Aug 08, 2024 Buy Or Sell Opportunity • May 22
Now 21% undervalued Over the last 90 days, the stock has risen 7.5% to €40.00. The fair value is estimated to be €50.45, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 14% 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 forecast to decline by 17% per annum over the same time period. Reported Earnings • May 17
Full year 2024 earnings released: EPS: JP¥994 (vs JP¥1,237 in FY 2023) Full year 2024 results: EPS: JP¥994 (down from JP¥1,237 in FY 2023). Revenue: JP¥325.9b (down 3.2% from FY 2023). Net income: JP¥53.7b (down 20% from FY 2023). Profit margin: 17% (down from 20% in FY 2023). The decrease in margin was primarily 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 74% per year but the company’s share price has only increased by 37% per year, which means it is significantly lagging earnings growth. Duyuru • May 16
Japan Petroleum Exploration Co., Ltd., Annual General Meeting, Jun 26, 2024 Japan Petroleum Exploration Co., Ltd., Annual General Meeting, Jun 26, 2024. Buy Or Sell Opportunity • Apr 19
Now 21% undervalued Over the last 90 days, the stock has risen 11% to €40.20. The fair value is estimated to be €50.97, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 16% over the last 3 years. Earnings per share has grown by 74%. For the next 3 years, revenue is forecast to grow by 0.6% per annum. Earnings are forecast to decline by 17% per annum over the same time period. Upcoming Dividend • Mar 21
Upcoming dividend of JP¥125 per share Eligible shareholders must have bought the stock before 28 March 2024. Payment date: 28 June 2024. Payout ratio is a comfortable 31% and this is well supported by cash flows. Trailing yield: 3.7%. Lower than top quartile of German dividend payers (4.9%). In line with average of industry peers (3.4%). Duyuru • Feb 29
Japan Petroleum Exploration Co., Ltd. to Report Fiscal Year 2024 Results on May 14, 2024 Japan Petroleum Exploration Co., Ltd. announced that they will report fiscal year 2024 results on May 14, 2024 Reported Earnings • Feb 11
Third quarter 2024 earnings released: EPS: JP¥162 (vs JP¥219 in 3Q 2023) Third quarter 2024 results: EPS: JP¥162 (down from JP¥219 in 3Q 2023). Revenue: JP¥79.2b (down 24% from 3Q 2023). Net income: JP¥8.75b (down 26% from 3Q 2023). Profit margin: 11% (in line with 3Q 2023). Revenue is forecast to decline by 2.1% 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 74% per year but the company’s share price has only increased by 26% per year, which means it is significantly lagging earnings growth. Buy Or Sell Opportunity • Feb 03
Now 22% undervalued Over the last 90 days, the stock has risen 18% to €37.40. The fair value is estimated to be €48.08, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 15% over the last 3 years. Earnings per share has grown by 70%. For the next 3 years, revenue is forecast to decline by 3.2% per annum. Earnings are also forecast to decline by 17% per annum over the same time period. Duyuru • Nov 30
Japan Petroleum Exploration Co., Ltd. to Report Q3, 2024 Results on Feb 09, 2024 Japan Petroleum Exploration Co., Ltd. announced that they will report Q3, 2024 results on Feb 09, 2024 New Risk • Nov 13
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: 17% Last year net profit margin: 48% 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. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 17% per year for the foreseeable future. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Profit margins are more than 30% lower than last year (17% net profit margin). Buying Opportunity • Oct 26
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 1.3%. The fair value is estimated to be €39.36, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 9.6% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to decline by 0.9% per annum. Earnings is also forecast to decline by 16% per annum over the same time period. Upcoming Dividend • Sep 21
Upcoming dividend of JP¥100.00 per share at 3.6% yield Eligible shareholders must have bought the stock before 28 September 2023. Payment date: 12 December 2023. Payout ratio is a comfortable 31% and this is well supported by cash flows. Trailing yield: 3.6%. Lower than top quartile of German dividend payers (4.8%). Higher than average of industry peers (2.4%). Duyuru • Sep 01
Japan Petroleum Exploration Co., Ltd. to Report Q2, 2024 Results on Nov 10, 2023 Japan Petroleum Exploration Co., Ltd. announced that they will report Q2, 2024 results on Nov 10, 2023 Reported Earnings • Aug 10
First quarter 2024 earnings released: EPS: JP¥240 (vs JP¥284 in 1Q 2023) First quarter 2024 results: EPS: JP¥240 (down from JP¥284 in 1Q 2023). Revenue: JP¥61.3b (up 4.6% from 1Q 2023). Net income: JP¥13.0b (down 17% from 1Q 2023). Profit margin: 21% (down from 27% in 1Q 2023). The decrease in margin was driven by higher expenses. Revenue is expected to decline by 2.3% 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%. Over the last 3 years on average, earnings per share has increased by 63% per year but the company’s share price has only increased by 27% per year, which means it is significantly lagging earnings growth. Duyuru • May 31
Japan Petroleum Exploration Co., Ltd. to Report Q1, 2024 Results on Aug 09, 2023 Japan Petroleum Exploration Co., Ltd. announced that they will report Q1, 2024 results at 2:00 PM, Tokyo Standard Time on Aug 09, 2023 Reported Earnings • May 17
Full year 2023 earnings released: EPS: JP¥1,237 (vs JP¥546 loss in FY 2022) Full year 2023 results: EPS: JP¥1,237 (up from JP¥546 loss in FY 2022). Revenue: JP¥336.5b (up 35% from FY 2022). Net income: JP¥67.4b (up JP¥98.4b from FY 2022). Profit margin: 20% (up from net loss in FY 2022). The move to profitability was primarily driven by higher revenue. Revenue is expected to decline by 3.8% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in Germany are expected to grow by 3.2%. Over the last 3 years on average, earnings per share has increased by 44% per year but the company’s share price has only increased by 19% per year, which means it is significantly lagging earnings growth. Duyuru • May 14
Japan Petroleum Exploration Co., Ltd., Annual General Meeting, Jun 27, 2023 Japan Petroleum Exploration Co., Ltd., Annual General Meeting, Jun 27, 2023. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥180 per share at 8.0% yield Eligible shareholders must have bought the stock before 30 March 2023. Payment date: 29 June 2023. Payout ratio is a comfortable 9.9% and this is well supported by cash flows. Trailing yield: 8.0%. Within top quartile of German dividend payers (4.7%). Higher than average of industry peers (1.4%). Reported Earnings • Feb 12
Third quarter 2023 earnings released: EPS: JP¥219 (vs JP¥608 in 3Q 2022) Third quarter 2023 results: EPS: JP¥219 (down from JP¥608 in 3Q 2022). Revenue: JP¥104.4b (up 98% from 3Q 2022). Net income: JP¥11.9b (down 66% from 3Q 2022). Profit margin: 11% (down from 66% in 3Q 2022). Revenue is forecast to stay flat during the next 3 years compared to a 8.1% growth forecast for the Oil and Gas industry in Germany. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth. Duyuru • Nov 30
Japan Petroleum Exploration Co., Ltd. to Report Q3, 2023 Results on Feb 10, 2023 Japan Petroleum Exploration Co., Ltd. announced that they will report Q3, 2023 results at 2:00 PM, Tokyo Standard Time on Feb 10, 2023 Board Change • Nov 16
Less than half of directors are independent There are 6 new directors who have joined the board in the last 3 years. Of these new board members, 3 were independent directors. The company's board is composed of: 5 independent directors. 6 non-independent directors. Independent Outside Director Kumiko Kitai was the last independent director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Reported Earnings • Nov 12
Second quarter 2023 earnings released: EPS: JP¥290 (vs JP¥2,221 loss in 2Q 2022) Second quarter 2023 results: EPS: JP¥290 (up from JP¥2,221 loss in 2Q 2022). Revenue: JP¥62.1b (down 9.3% from 2Q 2022). Net income: JP¥15.8b (up JP¥142.6b from 2Q 2022). Profit margin: 25% (up from net loss in 2Q 2022). Revenue is forecast to stay flat during the next 3 years compared to a 4.6% decline forecast for the Oil and Gas industry in Germany. Over the last 3 years on average, earnings per share has fallen by 22% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings. Upcoming Dividend • Sep 22
Upcoming dividend of JP¥110 per share Eligible shareholders must have bought the stock before 29 September 2022. Payment date: 13 December 2022. The company is not currently making a profit and is not cash flow positive. Trailing yield: 5.9%. Within top quartile of German dividend payers (5.1%). Higher than average of industry peers (1.2%). Duyuru • Aug 31
Japan Petroleum Exploration Co., Ltd. to Report Q2, 2023 Results on Nov 10, 2022 Japan Petroleum Exploration Co., Ltd. announced that they will report Q2, 2023 results on Nov 10, 2022 Reported Earnings • Aug 11
First quarter 2023 earnings released: EPS: JP¥284 (vs JP¥125 in 1Q 2022) First quarter 2023 results: EPS: JP¥284 (up from JP¥125 in 1Q 2022). Revenue: JP¥58.6b (up 17% from 1Q 2022). Net income: JP¥15.6b (up 120% from 1Q 2022). Profit margin: 27% (up from 14% in 1Q 2022). Over the next year, revenue is forecast to grow 5.8%, compared to a 44% growth forecast for the industry in Germany. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 108 percentage points per year, which is a significant difference in performance. Duyuru • Jun 01
Japan Petroleum Exploration Co., Ltd. to Report Q1, 2023 Results on Aug 09, 2022 Japan Petroleum Exploration Co., Ltd. announced that they will report Q1, 2023 results on Aug 09, 2022 Reported Earnings • May 16
Full year 2022 earnings released: JP¥546 loss per share (vs JP¥47.72 loss in FY 2021) Full year 2022 results: JP¥546 loss per share (down from JP¥47.72 loss in FY 2021). Revenue: JP¥249.1b (up 3.8% from FY 2021). Net loss: JP¥31.0b (loss widened JP¥28.3b from FY 2021). Combined production Oil equivalent production: 13.171 MMboe (17.016 MMboe in FY 2021) Over the next year, revenue is expected to shrink by 6.4% compared to a 52% growth forecast for the oil industry in Germany. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 110 percentage points per year, which is a significant difference in performance. Duyuru • May 15
Japan Petroleum Exploration Co., Ltd., Annual General Meeting, Jun 28, 2022 Japan Petroleum Exploration Co., Ltd., Annual General Meeting, Jun 28, 2022. Agenda: General meeting of shareholders. Board Change • Apr 27
Less than half of directors are independent There are 5 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 4 independent directors. 7 non-independent directors. Independent Outside Director Hideichi Kawasaki was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥25.00 per share Eligible shareholders must have bought the stock before 30 March 2022. Payment date: 28 June 2022. The company is not currently making a profit but it is cash flow positive. Trailing yield: 1.7%. Lower than top quartile of German dividend payers (3.6%). Lower than average of industry peers (4.6%). Duyuru • Mar 01
Japan Petroleum Exploration Co., Ltd. to Report Fiscal Year 2022 Results on May 13, 2022 Japan Petroleum Exploration Co., Ltd. announced that they will report fiscal year 2022 results on May 13, 2022 Reported Earnings • Feb 10
Third quarter 2022 earnings: EPS in line with expectations, revenues disappoint Third quarter 2022 results: EPS: JP¥608 (up from JP¥56.05 in 3Q 2021). Revenue: JP¥52.9b (up 1.7% from 3Q 2021). Net income: JP¥34.6b (up JP¥31.4b from 3Q 2021). Profit margin: 66% (up from 6.2% in 3Q 2021). Revenue missed analyst estimates by 3.3%. Over the next year, revenue is expected to shrink by 13% compared to a 140% growth forecast for the industry in Germany. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 115 percentage points per year, which is a significant difference in performance. Reported Earnings • Nov 10
Second quarter 2022 earnings released: JP¥2,221 loss per share (vs JP¥44.83 profit in 2Q 2021) The company reported a mediocre second quarter result with weaker earnings and weaker control over costs, although revenues improved. Second quarter 2022 results: Revenue: JP¥68.4b (up 45% from 2Q 2021). Net loss: JP¥126.8b (down JP¥129.3b from profit in 2Q 2021). Over the last 3 years on average, earnings per share has fallen by 58% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings. Upcoming Dividend • Sep 22
Upcoming dividend of JP¥25.00 per share Eligible shareholders must have bought the stock before 29 September 2021. Payment date: 14 December 2021. Trailing yield: 2.5%. Lower than top quartile of German dividend payers (3.2%). Lower than average of industry peers (4.1%). Reported Earnings • Aug 13
First quarter 2022 earnings released: EPS JP¥125 (vs JP¥167 loss in 1Q 2021) The company reported a decent first quarter result with improved earnings and profit margins, although revenues were weaker. First quarter 2022 results: Revenue: JP¥50.1b (down 1.8% from 1Q 2021). Net income: JP¥7.11b (up JP¥16.6b from 1Q 2021). Profit margin: 14% (up from net loss in 1Q 2021). Over the last 3 years on average, earnings per share has increased by 50% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings. Reported Earnings • May 15
Full year 2021 earnings released: JP¥47.72 loss per share (vs JP¥469 profit in FY 2020) The company reported a poor full year result with weaker earnings, revenues and control over costs. Full year 2021 results: Revenue: JP¥240.1b (down 25% from FY 2020). Net loss: JP¥2.73b (down 110% from profit in FY 2020). Over the last 3 years on average, earnings per share has increased by 65% per year but the company’s share price has fallen by 13% per year, which means it is significantly lagging earnings. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥25.00 per share Eligible shareholders must have bought the stock before 30 March 2021. Payment date: 29 June 2021. Trailing yield: 2.3%. Lower than top quartile of German dividend payers (3.3%). Lower than average of industry peers (4.6%). Duyuru • Mar 04
Japan Petroleum Exploration Co., Ltd. to Report Fiscal Year 2021 Results on May 13, 2021 Japan Petroleum Exploration Co., Ltd. announced that they will report fiscal year 2021 results on May 13, 2021 Reported Earnings • Feb 10
Third quarter 2021 earnings released: EPS JP¥56.05 (vs JP¥78.51 in 3Q 2020) The company reported a soft third quarter result with weaker earnings and revenues, although profit margins were improved. Third quarter 2021 results: Revenue: JP¥52.0b (down 39% from 3Q 2020). Net income: JP¥3.20b (down 29% from 3Q 2020). Profit margin: 6.2% (up from 5.2% in 3Q 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 83% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Analyst Estimate Surprise Post Earnings • Feb 10
Revenue beats expectations Revenue exceeded analyst estimates by 7.0%. Over the next year, revenue is forecast to grow 19%, compared to a 23% growth forecast for the Oil and Gas industry in Germany. Is New 90 Day High Low • Feb 10
New 90-day high: €18.30 The company is up 24% from its price of €14.70 on 11 November 2020. The German market is up 10.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Oil and Gas industry, which is up 35% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €61.27 per share. Is New 90 Day High Low • Jan 13
New 90-day high: €16.20 The company is up 15% from its price of €14.10 on 15 October 2020. The German market is up 8.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Oil and Gas industry, which is up 32% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €61.01 per share. Is New 90 Day High Low • Dec 19
New 90-day high: €15.80 The company is up 12% from its price of €14.10 on 18 September 2020. The German market is up 5.0% over the last 90 days, indicating the company outperformed over that time. However, its price trend is similar to the Oil and Gas industry, which is also up 12% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €63.87 per share. Duyuru • Dec 05
Japan Petroleum Exploration Co., Ltd. to Report Q3, 2021 Results on Feb 08, 2021 Japan Petroleum Exploration Co., Ltd. announced that they will report Q3, 2021 results on Feb 08, 2021 Is New 90 Day High Low • Nov 24
New 90-day high: €15.30 The company is up 6.0% from its price of €14.50 on 26 August 2020. The German market is up 1.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Oil and Gas industry, which is up 28% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €52.95 per share. Analyst Estimate Surprise Post Earnings • Nov 17
Revenue misses expectations Revenue missed analyst estimates by 6.1%. Over the next year, revenue is forecast to grow 5.9%, compared to a 11% growth forecast for the Oil and Gas industry in Germany. Analyst Estimate Surprise Post Earnings • Nov 14
Revenue misses expectations Revenue missed analyst estimates by 6.1%. Over the next year, revenue is forecast to grow 5.9%, compared to a 10.0% growth forecast for the Oil and Gas industry in Germany. Analyst Estimate Surprise Post Earnings • Nov 12
Revenue misses expectations Revenue missed analyst estimates by 6.1%. Over the next year, revenue is forecast to grow 6.3%, compared to a 10% growth forecast for the Oil and Gas industry in Germany. Reported Earnings • Nov 11
Second quarter 2021 earnings released: EPS JP¥44.83 The company reported a soft second quarter result with weaker earnings and revenues, although profit margins were improved. Second quarter 2021 results: Revenue: JP¥47.1b (down 32% from 2Q 2020). Net income: JP¥2.56b (down 18% from 2Q 2020). Profit margin: 5.4% (up from 4.5% in 2Q 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 70% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings. Is New 90 Day High Low • Sep 25
New 90-day low: €13.10 The company is down 13% from its price of €15.00 on 26 June 2020. The German market is up 3.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Oil and Gas industry, which is up 60% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €52.34 per share. Duyuru • Sep 04
Japan Petroleum Exploration Co., Ltd. to Report Q2, 2021 Results on Nov 10, 2020 Japan Petroleum Exploration Co., Ltd. announced that they will report Q2, 2021 results on Nov 10, 2020 
