KK INPEX

1605

Equity

ISIN JP3294460005 / Valor 2329745

Tokyo Stock Exchange (2024-12-25)

JPY 1,988.00+0.81%

KK INPEX
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About company

KK INPEX is a prominent energy company based in Japan, primarily engaged in the exploration, development, and production of oil and gas resources. The company plays a significant role in the energy sector through its operation of the Minami-Nagaoka Gas Field in Niigata Prefecture, which is among the largest gas fields in Japan. In addition to its exploration and production activities, INPEX operates a comprehensive infrastructure network, including a natural gas pipeline that spans approximately 1,500 kilometers and an LNG Receiving Terminal, facilitating the efficient distribution of natural gas within the region. While the core of INPEX's business revolves around the oil and gas sector, the company is also actively pursuing expansion into net zero businesses as part of its broader strategy to adapt to the evolving energy landscape and ensure sustainable growth. This dual focus underscores INPEX's commitment to meeting the energy needs of today while preparing for the transition to a lower-carbon future.

Summarized from source with an LLMView SourceSector: Energy

Revenue Growth

KK INPEX reported a revenue increase of 9.1% for the nine months ended September 30, 2024, reaching ¥1,747.5 billion. This growth was primarily driven by the depreciation of the Japanese yen against the U.S. dollar, which significantly impacted the revenue from crude oil sales, increasing by ¥159.9 billion or 13.7% to ¥1,327.7 billion.

Operating Profit Surge

The company's operating profit saw a substantial rise of 24.9%, amounting to ¥1,018.0 billion for the same period. This increase was attributed to a combination of higher sales volumes and favorable exchange rates, despite a rise in exploration and administrative expenses.

Profit Before Tax

KK INPEX's profit before tax increased by 13.5% to ¥1,048.4 billion. This growth was supported by a significant increase in the share of profit from investments accounted for using the equity method, which rose by 684.1% to ¥94.4 billion, offsetting the decrease in finance income and the increase in finance costs.

Net Profit and Earnings Per Share

The profit attributable to owners of the parent company rose by 8.7% to ¥289,422 million. Consequently, the basic earnings per share increased to ¥231.91, reflecting the company's improved profitability during the period.

Dividend Increase

KK INPEX announced an increase in cash dividends per share, with a forecasted total of ¥86.00 for the year ending December 31, 2024, up from ¥74.00 in the previous year. This reflects the company's strong financial performance and commitment to returning value to its shareholders.

Summarized from source with an LLMView Source

Key figures

2.79%1Y

96.2%3Y

73.8%5Y

Performance

35.8%1Y

38.4%3Y

39.4%5Y

Volatility