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Japan Petroleum Exploration Co Ltd (1662.T)

1662.T on Tokyo Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Japan Petroleum Exploration appoints chairman and president
Wednesday, 18 May 2016 02:00am EDT 

Japan Petroleum Exploration Co Ltd <1662.T>: Says the company appoints current president Osamu Watanabe as chairman . Says the company appoints Hideichi Okada as president .Effective June 24.  Full Article

Japan Petroleum Exploration says transfer of participating interest in Aceh Block A, Indonesia
Monday, 2 May 2016 02:00am EDT 

Japan Petroleum Exploration Co Ltd:Says JAPEX Block A Ltd., the wholly owned subsidiary of the co, has reached an agreement on April 28 to transfer its entire participating interest of Aceh Block A (16.6667 pct) located in Aceh, Indonesia to PT Medco E&P Malaka, the operator of this block.Says completion of this transaction is conditional on the approval of the Government of Indonesia and the Government of Nangroe Aceh Darussalam.  Full Article

Japan Petroleum Exploration lowers consolidated full-year outlook for FY 2016
Wednesday, 27 Apr 2016 02:00am EDT 

Japan Petroleum Exploration Co Ltd:Says the company lowered the consolidated full-year outlook for the FY ended March 2016.Revenue forecast decreased to 240,302 million yen from 245,714 million yen.Operating profit forecast decreased to 8,337 million yen from 8,690 million yen.Ordinary profit forecast decreased to 4,652 million yen from 5,150 million yen.Net profit forecast decreased to 2,091 million yen from 5,236 million yen.Earnings per share decreased to 36.58 yen from 91.61 yen.Comments that decreased sales of oil and impairment loss are the main reasons for the forecast.  Full Article

Japan Petroleum Exploration amends consolidated full-year outlook for FY 2016
Friday, 5 Feb 2016 12:00am EST 

Japan Petroleum Exploration Co Ltd:Says the company amended the consolidated full-year outlook for the FY ending March 2016.Revenue forecast decreased to 245,714 million yen from 257,724 million yen.Operating profit forecast increased to 8,690 million yen from 8,679 million yen.Ordinary profit forecast decreased to 5,150 million yen from 5,877 million yen.Net profit forecast decreased to 5,236 million yen from 6,970 million yen.Earnings per share decreased to 91.61 yen from 121.95 yen.Comments that decreased oil price and impact of expense are the main reasons for the forecast.  Full Article

Japan Petroleum Exploration lowers consolidated full-year outlook for FY 2016
Friday, 6 Nov 2015 12:00am EST 

Japan Petroleum Exploration Co Ltd:Says the company lowered the consolidated full-year outlook for revenue to 257,724 mln yen from 271,118 mln yen for the fiscal year ending March 31, 2016.Sees a decrease of operating profit forecast to 8,679 mln yen from 9,120 mln yen.Sees a decrease of ordinary profit forecast to 5,877 mln yen from 14,012 mln yen.Sees a decrease of net profit forecast to 6,970 mln yen from 11,705 mln yen.Sees a decrease of earnings per share to 121.95 yen from 204.80 yen.Comments the sluggish oil sale price and overseas natural gas sale price, loss in subsidiary as the main reasons for the forecast.  Full Article

Japan Petroleum Exploration amends consolidated mid-year outlook for FY 2016
Friday, 23 Oct 2015 02:00am EDT 

Japan Petroleum Exploration Co Ltd:Says the company amended the consolidated mid-year outlook for the FY ending March 2016.Revenue forecast decreased to 124,158 million yen from 144,019 million yen.Operating profit forecast increased to 5,408 million yen from 3,899 million yen.Ordinary profit forecast increased to 8,842 million yen from 6,523 million yen.Net profit forecast increased to 7,963 million yen from 5,848 million yen.Earnings per share forecast increased to 139.34 yen from 102.32 yen.Comments that delay of sales, increased selling price and investment profit are the main reasons for the forecast.  Full Article

Japan Petroleum Exploration establishes joint ventures with MITSUI & CO., LTD.
Thursday, 23 Apr 2015 02:00am EDT 

Japan Petroleum Exploration Co Ltd:Established joint venture in Japan on April 23 with MITSUI & CO., LTD.The joint venture will be engaged in commercialization review and preparation related to natural gas-fired power generation business.Says Japan Petroleum Exploration and MITSUI & CO., LTD. will hold a 50.7 pct stake and a 49.3 pct stake in the joint venture respectively.  Full Article

Japan Petroleum Exploration Co Ltd announces holding stake changes in JAPEX Montney Ltd
Friday, 19 Dec 2014 01:00am EST 

Japan Petroleum Exploration Co Ltd:Says Mitsubishi Gas Chemical Co Inc's new subsidiary to invest in JAPEX Montney Ltd and to hold 10 pct stake in it up from 0 pct.The company's holding stake in JAPEX Montney Ltd to decrease to 45 pct from 50 pct.  Full Article

Japan Petroleum Exploration Co Ltd raises consolidated full-year outlook for FY 2015
Friday, 7 Nov 2014 12:00am EST 

Japan Petroleum Exploration Co Ltd:Says the company raised the consolidated full-year outlook for the FY ending March 2015.Revenue forecast increased to 324,378 million yen from 323,633 million yen.Operating profit forecast increased to 34,681 million yen from 33,077 million yen.Ordinary profit forecast increased to 48,819 million yen from 41,469 million yen.Net profit forecast increased to 35,374 million yen from 27,379 million yen.Earnings per share forecast increased to 618.95 yen from 479.04 yen.Comments that increased sales, investment income and change of exchange rate are the main reasons for the forecast.  Full Article

Japan Petroleum Exploration Co Ltd amends consolidated mid-year outlook for FY 2015
Friday, 24 Oct 2014 02:00am EDT 

Japan Petroleum Exploration Co Ltd:Says the company amended the consolidated mid-year outlook for the FY ending March 2015.Revenue forecast decreased to 146,850 million yen from 157,514 million yen.Operating profit forecast increased to 15,110 million yen from 14,339 million yen.Ordinary profit forecast increased to 24,736 million yen from 20,159 million yen.Net profit forecast increased to 18,873 million yen from 13,597 million yen.Earnings per share forecast increased to 330.22 yen from 237.91 yen.Comments that increased selling price of crude oil, increased investment income and decreased corporate tax are the main reasons for the forecast.  Full Article

Japex to keep Canada oil sands ops idle after fire due to low prices

TOKYO Japan Petroleum Exploration (Japex) will not restart production at its Hangingstone oil sands concession in Alberta, Canada, for the foreseeable future due to low prices, even after devastating fires in the area were brought under control.