INPEX CORPORATION
1605・Prime Market・Mining
Governance
Company with a Board of Corporate Auditors (also employing an executive officer system). Of the 9 directors, 4 are independent outside directors (planned to be 5 out of 10 following the AGM in March 2026). A Nomination and Compensation Advisory Committee (chaired by an independent outside director) has been established to ensure the independence and objectivity of the Board of Directors. The Board of Directors met 15 times per year, with a 100% attendance rate by all members.
Risk Management
Under the divisional system, each responsible department identifies, analyzes, and evaluates risks, and major risks for individual projects are integrated and managed by the Management Committee, which determines response policies. The Company has established periodic audits by the Internal Audit Department, which reports directly to the President, country risk management guidelines, financial risk management (foreign exchange, interest rate, and oil price hedging), HSE risk management, and an Information Security Committee (with 24/7, 365-day monitoring system).
Shareholder Returns
The annual dividend forecast for FY2026 (ending December 2026) is ¥108 per share (interim ¥54 + year-end ¥54), an increase of ¥8 year-on-year. The company continues its progressive dividend policy and also conducted share buybacks (acquiring ¥9,975 million during the first quarter under review). The target of a total payout ratio of 50% or more is maintained.
Dividend Policy
The basic policy is stable shareholder returns through a progressive dividend starting from an annual ¥90 per share, combined with flexible share buybacks, targeting a total payout ratio of 50% or more. Actual results for FY2025 (ending December 2025) were an annual dividend of ¥100 (interim ¥50 + year-end ¥50), and the forecast for FY2026 (ending December 2026) is an annual dividend of ¥108 (interim ¥54 + year-end ¥54). Dividends are paid twice a year, at interim and year-end.
ESG
Identified "climate change response," "safety," and "human capital" as financial materiality items, setting targets of net-zero own emissions by 2050 and a 60% reduction in emissions intensity by 2035 (versus 2019). Promoting disclosure of climate-related risks and opportunities in line with TCFD recommendations, portfolio resilience assessment using multiple IEA scenarios, operation of an HSE management system (ISO-compliant), and DE&I initiatives (female manager ratio of 8.4%, with a target of 10% or more by 2030), among other efforts.
Last updated: March 26, 2026