Japan Petroleum Exploration : Notice of Financial Forecasts Revision(128.1 KB)
February 09, 2022 at 10:38 am IST
Share
Note: The following is an English translation of the Japanese-language original
February 9, 2022
Company Name:
Japan Petroleum Exploration Co., Ltd. (JAPEX)
Securities Code:
1662 (First Section of the Tokyo Stock Exchange)
Representative:
FUJITAMasahiro, 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 November 9, 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
per share
to owners of
(Millions of yen)
(Millions of yen)
(Millions of yen)
parent
(Yen)
(Millions of yen)
Previous forecasts (A)
235,098
16,669
28,390
(69,847)
(1,230.53)
Revised forecasts (B)
235,749
16,168
31,972
(39,029)
(687.28)
Difference in amount (B - A)
650
(500)
3,581
30,817
Rate of change (%)
0.3
(3.0)
12.6
―
(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 on November 9, 2021, net sales are expected to increase, mainly due to
an expected increase in sales prices of natural gas (Japan) and electricity resulting from the soaring LNG market. On the other hand, operating income is expected to decrease due to an increase in the procurement cost by
procuring an alternative LNG cargo in the spot market, due to the production problem at an LNG supplier. Ordinary profit is expected to increase due to an expected increase in the share of profit of entities accounted
for using equity method.
Loss attributable to owners of parent is expected to decrease, due to an expected gain on forgiveness of debts as an extraordinary income, as disclosed in "Notice Regarding Dissolution of a Subsidiary, Waiver of Claims, and Posting of Extraordinary Income" dated December 17, 2021.
1 / 2
(3) Reference:
[Crude Oil Price (CIF)]
(USD/bbl)
Previous
Revised
Average from April to September 2021 (actual)
67.38
Average from April to December 2021 (actual)
70.28
October 2021 to March 2022 (forecast)
70.00
January to March 2022 (forecast)
70.00
[Exchange Rate]
(JPY/USD)
Previous
Revised
Average from April to September 2021 (actual)
109.15
Average from April to December 2021 (actual)
109.96
October 2021 to March 2022 (forecast)
108.00
January to March 2022 (forecast)
110.00
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.
###
2 / 2
Attachments
Original Link
Original Document
Permalink
Disclaimer
JAPEX - Japan Petroleum Exploration Co. Ltd. published this content on 09 February 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 09 February 2022 05:07:00 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.