Inpex : Revision of Dividend Forecast for the Fiscal Year Ending December 31, 2019(PDF 76KB)

Public Relations Group, Corporate Communications Unit

Akasaka Biz Tower, 5-3-1 Akasaka, Minato-ku, Tokyo 107-6332 JAPAN

November 6, 2019

Revision of Dividend Forecast

for the Fiscal Year Ending December 31, 2019

Tokyo, Japan - INPEX CORPORATION(INPEX) announced today that a decision was made at a meeting of the Board of Directors held on November 6, 2019 to revise the year-end dividend forecast for the year ending December 31, 2019 with December 31,

2019 as the date of record, as follows:

1. Reasons for dividend forecast revision

Based on the shareholder return policy outlined in the Medium-term Business Plan 2018- 2022 announced in May 2018, INPEX will seek in principle to maintain stable dividend payouts and enhance shareholder returns in stages during the period covered by the business plan in accordance with the improvement in the Company's financial performance, with the payout ratio set at 30% or higher.

INPEX expects its financial performance for the current fiscal year to consistently improve, as announced today in the company's revised financial forecasts for the fiscal year ending December 31, 2019. INPEX therefore plans to increase the year-end dividend for the fiscal year ending December 31, 2019 by 3 yen per common stock from 12 yen to 15 yen based on the above policy, in order to reward its shareholders for their continuous support.

As a result, the annual dividend for the fiscal year ending December 31 is expected to amount to 27 yen per common stock, combining the 12 yen interim dividend and the 15 yen year-end dividend.

2. Dividend forecast revision

・Dividends of common stock

		Cash dividends per share (yen)
	End of 2nd quarter		End of fiscal year	Total
Previous Forecast	12.00		12.00	24.00
(August 8, 2019)
Revised Forecast			15.00	27.00
Dividends in current
fiscal year (ending	12.00
December 31, 2019)
Dividends for the	9.00		15.00	24.00
year ended March		(Ordinary: 9.00)	(Ordinary: 18.00)
31, 2019			(Commemorative: 6.00)	(Commemorative: 6.00)

INPEX will also revise the year-end dividend for the year ending December 31, 2019 for Class A stock (not listed).

･Dividends of Class A stock

		Cash dividends per share (yen)
	End of 2nd quarter	End of fiscal year	Total
Previous Forecast	4,800	4,800	9,600
(August 8, 2019)
Revised Forecast		6,000	10,800
Dividends in current
fiscal year (ending	4,800
December 31, 2019)
Dividends for the	3,600	6,000	9,600
year ended March	(Ordinary: 3,600)	(Ordinary: 7,200)
31, 2019		(Commemorative: 2,400)	(Commemorative: 2,400)

(Note): INPEX conducted a stock split at a ratio of 1:400 of common stock effective October 1, 2013. However, for Class A stock (not listed), no stock split was implemented. The article specifying that dividends of Class A stock are equivalent to dividends of common stock prior to the stock split is included in the Articles of Incorporation.

Media Contact: INPEX Tokyo Office, Public Relations Group, Tel) [phone]