Integrated Report 2023
I. Financial Highlights and Business Progress
Progress on Targets and Fund Allocation for FY3/24
JAPEX
Quantitative Targets and Fund Allocation Policies in JAPEX Management Plan 2022-2030
Set the quantitative targets, including long-term to be achieved by FY2030 and interim by FY2026.
To allocate 450 billion yen to investment in growth and 50 billion yen to shareholder returns, from 500 billion.
yen accumulating cash inflows until FY2030
Quantitative target
Items
Business Profit*1
FY3/24Forecasts
Medium-to Long-term Targets
2Q FY3/24
FY2026 30 billion yen
29.7 billion yen
49.3 billion yen
FY2030 50 billion yen
FY2026
5%
ROE
N/A
9.9%*2
FY2030
8%
Profit Composition
(E&P : non-E&Ps)
FY2026
6:4
7:3
7:3
FY2030
5:5
Fund Allocation
Items
Assumed allocation*3
2Q FY3/24
Growth Investments
FY2026
275 billion yen
FY2030 450 billion yen
35.7 billion yen
Shareholder Returns
FY2030 25 billion yen
FY2030 50 billion yen
11.9 billion yen*4
FY3/24Forecasts
87.4 billion yen+a
(Cumulative total 131.5 billion
yen+a)
28.7 billion yen*5
(Cumulative total 42.5 billion
yen)
*1 Operating income and equity in earnings of affiliates (including profits distributed under limited partnership agreements and silent partnership agreements)
*2 Figures assume 454.1 billion yen in average equity at the beginning and end of the period
*3 Five-year cumulative total from FY2022 through FY2026 and nine-year cumulative total through FY2030, *4 FY 3/23 dividend, *5 FY3/23 dividend + FY3/24 interim dividend + share buyback
Copyright © 2023 Japan Petroleum Exploration Co., Ltd. (JAPEX) All Rights Reserved.
CO
6View entire presentation