Inpex Corporation Revises Earnings Forecast — Operating Profit Up 21.6–31.9%
Inpex Corporation (TSE:1605) raised its earnings guidance for the fiscal year ending December 2026, citing stronger crude oil price assumptions and stable operations at its flagship Ichthys project.
| Item | Before | After | Change |
|---|---|---|---|
| Revenue | — | 1,044,000–1,087,000 | — |
| Operating Profit | — | 579,000–628,000 | — |
| Pre-tax Quarterly Profit | JPY 500.0bn | 604,000–654,000 | — |
| Net Profit Attributable to Parent Company Shareholders | — | 180,000–214,000 | — |
| Basic EPS | — | 154.77–184.01 | — |
The energy company lifted its second-quarter cumulative operating profit forecast to JPY 579.0–628.0bn from JPY 476.0bn, representing a 21.6–31.9% increase. For the full fiscal year, operating profit guidance rose to JPY 1,086.0–1,368.0bn from JPY 957.0bn, a 13.5–42.9% upward revision. The company also raised full-year net profit attributable to parent shareholders to JPY 350.0–450.0bn from JPY 330.0bn.
Management attributed the revision primarily to higher crude oil price assumptions. The Brent crude benchmark average for the first half was raised to USD 79.0–86.0 per barrel from USD 63.5/bbl. The yen-dollar exchange rate assumption was adjusted to 156.0–158.0 yen per dollar from 152.5 yen/dollar. Inpex cited stable operations across its portfolio, particularly the Ichthys liquefied natural gas project in Australia, as supporting the upward revision.
The company adopted a range-based forecast format rather than point estimates, reflecting heightened geopolitical uncertainty in the Middle East. This approach signals management’s acknowledgment of elevated volatility in energy markets. The substantial upward revisions across all profit metrics underscore the sensitivity of Inpex’s earnings to commodity prices and currency movements, with the 20–40% profit uplift demonstrating material exposure to oil price strength.
Source: Original filing (TDnet) | 日本語版
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