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Japan Petroleum Exploration Co
(1662)
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Rating:79Outperform
Price Target:
¥2,084.00
▲(8.32% Upside)
Action:Reiterated
Date:08/17/26
The score is driven primarily by strong financial resilience (near-zero leverage and solid cash generation) despite cyclical profitability and a recent revenue pullback. Valuation is supportive with a modest P/E and a solid dividend yield. Technicals are mixed: positive near-term momentum, but still below longer-term moving averages with somewhat stretched oscillator readings.
Positive Factors
Conservative Balance Sheet
Near-zero leverage reduces refinancing and interest-burden risk, while cumulative equity growth provides resilience for exploration and infrastructure investment. This conservative funding profile should help JAPEX withstand commodity downturns and preserve strategic flexibility.
Negative Factors
Recent Revenue Contraction
The 2026 revenue decline after strong 2023–2025 growth signals weaker demand, production, pricing, or mix contribution. A reduced top line can pressure operating leverage and limit funding for exploration, infrastructure, and transition initiatives over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative Balance Sheet
Near-zero leverage reduces refinancing and interest-burden risk, while cumulative equity growth provides resilience for exploration and infrastructure investment. This conservative funding profile should help JAPEX withstand commodity downturns and preserve strategic flexibility.
Read all positive factors
Japan Petroleum Exploration Co (1662) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥488.38B
Dividend Yield3.44%
Average Volume (3M)1.28M
Price to Earnings (P/E)11.8
Beta (1Y)0.60
Revenue Growth-15.65%
EPS Growth-52.06%
CountryJP
Employees1,670
SectorEnergy
Sector Strength52
IndustryOil & Gas Exploration & Production
Share Statistics
EPS (TTM)160.00
Shares Outstanding257,000,370
10 Day Avg. Volume1,258,820
30 Day Avg. Volume1,276,580
Financial Highlights & Ratios
PEG Ratio-0.37
Price to Book (P/B)1.06
Price to Sales (P/S)1.96
P/FCF Ratio8.02
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
¥1,920.00Price Target Upside-0.21% Downside
Rating ConsensusHold
Number of Analyst Covering1
EPS Forecast (FY)279.09
Revenue Forecast (FY)¥378.90B
Japan Petroleum Exploration Co Business Overview & Revenue Model
Company Description
Japan Petroleum Exploration Co., Ltd., along with its subsidiary companies, is actively involved in the exploration, development, production, and distribution of crude oil, natural gas, and various other energy sources. Its operations extend acros...
How the Company Makes Money
JAPEX primarily makes money by monetizing hydrocarbons it produces or sells, supplemented by revenue from gas/infrastructure and other energy-related activities. Key revenue streams typically include: (1) Oil and natural gas sales: Revenue is gene...
Japan Petroleum Exploration Co Financial Statement Overview
Summary
Income Statement
74
Positive
Balance Sheet
92
Very Positive
Cash Flow
78
Positive
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 322.61B | 340.34B | 389.08B | 325.86B | 336.49B | 249.14B |
| Gross Profit | 65.38B | 74.78B | 92.70B | 80.57B | 89.25B | 45.38B |
| EBITDA | 92.71B | 111.17B | 161.17B | 97.06B | 97.35B | 407.00M |
| Net Income | 40.95B | 53.43B | 81.15B | 53.66B | 67.39B | -30.99B |
Balance Sheet | ||||||
| Total Assets | 859.80B | 862.47B | 681.60B | 660.93B | 568.18B | 471.94B |
| Cash, Cash Equivalents and Short-Term Investments | 99.18B | 57.26B | 152.35B | 173.00B | 194.96B | 150.27B |
| Total Debt | 57.76B | 0.00 | 1.48B | 1.84B | 2.20B | 2.59B |
| Total Liabilities | 236.27B | 203.57B | 124.34B | 123.35B | 111.01B | 69.17B |
| Stockholders Equity | 591.42B | 627.54B | 527.75B | 503.90B | 425.63B | 371.64B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | 83.21B | 51.08B | 34.89B | 77.85B | 1.86B |
| Operating Cash Flow | 0.00 | 111.84B | 141.61B | 100.81B | 113.82B | 18.14B |
| Investing Cash Flow | 0.00 | -210.04B | -120.57B | -110.37B | -61.97B | 32.20B |
| Financing Cash Flow | 0.00 | 6.69B | -36.02B | -28.14B | -14.50B | -70.27B |
Japan Petroleum Exploration Co Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
80 Outperform | ¥4.68T | 10.46 | 9.02% | 2.84% | -7.57% | 2.16% | |
79 Outperform | ¥488.38B | 11.81 | 7.05% | 3.51% | -15.65% | -52.06% | |
76 Outperform | ¥2.03T | 5.23 | 21.79% | 2.18% | -2.72% | 3087.62% | |
73 Outperform | ¥653.91B | 9.62 | 29.15% | 2.22% | 16.80% | 89.11% | |
72 Outperform | ¥3.94T | 5.75 | 20.51% | 2.36% | 2.30% | 437.64% | |
69 Neutral | ¥741.78B | 4.59 | ― | 3.65% | -0.10% | 446.81% | |
65 Neutral | $15.17B | 7.61 | 4.09% | 5.20% | 3.87% | -62.32% |
* Energy Sector Average
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Japan Petroleum Exploration Co Corporate Events
JAPEX to Acquire U.S. Tight Oil and Gas Producer Fundare for US$320 Million
Aug 6, 2026
Japan Petroleum Exploration Co., Ltd. will acquire all equity interests in four U.S.-based entities collectively known as Fundare, which hold tight oil and gas assets in Colorado and Wyoming, via its overseas subsidiary Peoria Resources and a dedi...
JAPEX Q1 Profit Slumps but Full-Year Outlook Signals Recovery
Aug 6, 2026
Japan Petroleum Exploration Co. reported a sharp downturn in first-quarter earnings for the three months ended June 30, 2026, with net sales falling 21.4% year on year to ¥65.1 billion and profit attributable to owners of parent plunging 79.4...
JAPEX Releases Q1 FY2026 Results and Revises FY2027 Forecasts
Aug 6, 2026
Japan Petroleum Exploration Co., Ltd. released explanatory materials on its financial results for the three months ended June 30, 2026, outlining key performance metrics and developments in its core exploration and production activities. The docum...
JAPEX Raises FY2027 Earnings Forecast on Higher Oil Prices, Keeps Dividend Outlook Unchanged
Aug 6, 2026
Japan Petroleum Exploration Co., Ltd. has raised its consolidated forecast for the fiscal year ending March 31, 2027, projecting higher net sales and operating profit, driven mainly by increased crude oil sales prices and higher sales volumes. The...
JAPEX to Book ¥6 Billion Extraordinary Gain from Sale of Investment Securities
Aug 6, 2026
Japan Petroleum Exploration Co. will sell part of its holdings in investment securities, specifically one listed security, as part of a strategy to secure funds for growth investments. The transaction, scheduled for the second quarter of the fisca...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.