#JapanPetroleumExploration

Japan Petroleum Exploration Co., Ltd. announced on 2026-02-26 that it completed the acquisition of all interests in Verdad Resources Intermediate Holdings LLC for 1.26 billion USD, acquiring U.S. tight oil and gas assets.

For the third quarter of FY2026, net sales were 260,318 million yen (Year-over-Year (YoY) △5.3%), operating income was 32,080 million yen (YoY △27.9%), and net income attributable to owners of parent was 39,779 million yen (YoY △46.6%).

Operating income for the third quarter of FY2026 March was 32 billion yen (28% decrease YoY), net income attributable to owners of parent for the quarter was 39.7 billion yen (47% decrease YoY), and earnings forecast was revised upward with operating income forecasted at 39 billion yen.

Revised consolidated earnings guidance for the fiscal year ending March 2026. Net sales are increased to 3.47 trillion yen (4.2% increase from previous forecast), operating income to 390 billion yen (11.4% increase), and net income attributable to owners of parent to 450 billion yen (25.0% increase).