Note:The following press release is an English translation of the Japanese-language original
November 9, 2021
Company Name:
Japan Petroleum Exploration Co., Ltd. (JAPEX)
Securities Code:
1662 (First Section of the Tokyo Stock Exchange)
Representative:
FUJITA Masahiro, Representative Director and President
Inquiries:
Corporate Communication Office
TEL:
+81-3-6268-7110
Notice of Financial Forecasts Revision
Japan Petroleum Exploration Co., Ltd. (JAPEX) hereby revised its consolidated financial forecasts for FY2022/3 disclosed on August 10, 2021 based on our recent business trends and performance.
(1) Revision to consolidated forecasts for FY2022/3 (April 1, 2021 - March 31, 2022)
Net sales
Operating
Ordinary
Profit
Net income
profit
profit
attributable to
per share
owners of
(Millions of yen)
(Millions of yen)
(Millions of yen)
parent
(Yen)
(Millions of yen)
Previous forecasts (A)
220,789
11,894
26,159
(114,021)
(1,997.76)
Revised forecasts (B)
235,098
16,669
28,390
(69,847)
(1,230.53)
Difference in amount (B -A)
14,308
4,774
2,231
44,174
Rate of change (%)
6.5
40.1
8.5
―
(Reference) FY 2021/3
240,078
4,192
10,001
(2,725)
(47.73)
Note: FY=Fiscal Year (FY2022/3, for instance, means 12 months ending March 31, 2022)
Reasons of revision:
Compared to the previous forecasts onAugust 10, 2021, net sales and operating profit are expected to increase, mainly due to
an expected increase in the sales price of crude oil and natural gas resulting from an increase in the crude oil price, and increase in the sales volume of natural gas (Japan).
The amount increased in ordinary profit is expected to shrink, due to a decrease in foreign exchange gains.
Loss attributable to owners of parent is expected to decrease, due to an expected gain on sale of investment securities as an extraordinary income, as disclosed in "JAPEX to Book Extraordinary Income from Participation in INPEX Off-Auction Own Share Repurchase Trading (ToSTNeT-3）"dated November 8, 2021.
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(3) Reference:
[Crude Oil Price (CIF)]
(USD/bbl)
Previous
Revised
Average from April to June 2021 (actual)
64.25
Average from April to September 2021 (actual)
67.38
July 2021 to March 2022 (forecast)
70.00
October 2021 to March 2022 (forecast)
70.00
[Exchange Rate]
(JPY/USD)
Previous
Revised
Average from April to June 2021 (actual)
108.43
Average from April to September 2021 (actual)
109.15
July 2021 to March 2022 (forecast)
108.00
October 2021 to March 2022 (forecast)
108.00
Note: The aforementioned forecasts are based on the current available information and the actual performances and other results may differ materially due to various factors in the future.
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JAPEX - Japan Petroleum Exploration Co. Ltd. published this content on 09 November 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 09 November 2021 06:02:05 UTC.
Japan Petroleum Exploration Co., Ltd. is a company principally involved in crude oil and natural gas related business. The Company operates in four geological segments. The Japan segment involves in the exploration, development, production, purchase, sale, transportation of crude oil and natural gas, the production, purchase, sale, transportation of petroleum products, as well as contracting work of mining wells. The North America segment involves in exploration, development, production, purchase and sale of crude oil, natural gas, as well as bitumen which is super heavy oil collected from the oil sand layer in North America. The Europe segment involves in the exploration of crude oil and natural gas in Europe. The Middle East segment involves in the exploration, development and production of crude oil and natural gas in Middle East.
JAPAN PETROLEUM EXPLORATION CO., LTD. 
