Financial Results for Nine Months Ended December 31, 2023
I. Financial Highlights
Financial Highlights
1-3Q FY3/24 Results (Year-on-Year)
JAPEX
FY3/24 Forecasts Revision (vs Nov.10 Forecasts)
(Billion Yen)
1-3Q
FY3/23
1-3Q
FY3/24
Change
(Billion Yen)
(a)
(a)
Previous
(f) Nov. 10,
2023
Revised
(f) Feb.
9,2024
Change
Operating profit
38.7
39.8
+1.1
Operating profit
48.8
50.7
+1.9
Ordinary profit
57.8
48.1
(9.7)
Ordinary profit
57.0
59.1
+2.1
Profit attributable to
Profit attributable to
43.2
36.5
owners of parent
(6.7)
45.0
45.0
owners of parent
Operating profit: Increased due to growth of sales volume
for U.S. tight oil development
• Ordinary profit : Decreased due to decline in equity method
profit and foreign exchange gains
Shareholder Returns
Operating profit: Increased mainly due to start of sales from
Profit attributable
the Seagull project in U.K. North Sea
to owners of parent: Increased tax expense in the U.K.
FY3/24 annual dividend (forecast): 250 yen per share (interim 125 yen + year-end forecast 125 yen), unchanged from the
previous forecast *Based on shareholder return policy of 30% dividend payout ratio
Major Business Progress
Signed a Key Principles Agreement with PETRONAS for the maturation and development of the CCS Project in Malaysia (Nov)
• Agreed on Joint Study with Nippon Gas Line on domestic marine transportation of liquefied CO2 and port developments (Nov)
Commenced CO2 injection field test at Sukowati oil field in Indonesia (Dec)
Acquired additional well interests in tight oil development project in U.S. (Dec)
Commenced Joint Study to establish ammonia supply base in Soma area, Fukushima Prefecture (Jan)
Copyright 2024 Japan Petroleum Exploration Co., Ltd. (JAPEX) All Rights Reserved.
4View entire presentation