Japan Petroleum Exploration Co., Ltd.
1662・Prime Market・Mining
Governance
A company with a Board of Corporate Auditors system. A Nomination and Compensation Committee is established under the Board of Directors (which meets 13 times a year), with 5 independent outside directors fulfilling the oversight function. An annual evaluation of the Board of Directors' effectiveness is conducted to pursue continuous improvement in governance.
Risk Management
The Business Risk Committee, chaired by the President and convened quarterly, leads integrated risk management, conducting company-wide risk identification and assessment using a risk matrix. Assessment results are reported to the Board of Directors, and a framework has been established whereby long-term issues are discussed for response policy at the Sustainability Committee.
Shareholder Returns
Continuing performance-linked dividends targeting a consolidated payout ratio of around 30%. Annual dividend for FY2026 (ending March 2026) is ¥65 per share (interim ¥20 + year-end ¥45), payout ratio 31.1%. Forecast for FY2027 (ending March 2027) is an annual ¥45 (interim ¥22.5 + year-end ¥22.5), payout ratio forecast 19.2%. The policy of maintaining a minimum dividend of ¥40 continues.
Dividend Policy
Dividends are paid in line with each period's earnings, targeting a consolidated payout ratio of around 30%. Even if performance temporarily deteriorates due to changes in the business environment or other factors, the company will strive to maintain an annual dividend of ¥40 per share (however, for fiscal years in which profit attributable to owners of the parent fluctuates significantly due to special factors such as extraordinary gains/losses, the dividend amount will be determined taking such effects into account). Dividends are paid twice a year, interim and year-end. The above basic policy remains unchanged in the "JAPEX Management Plan 2026-2035" announced in April 2026. FY2026 (ending March 2026) actual: annual ¥65 (interim ¥20 + year-end ¥45), payout ratio 31.1%. FY2027 (ending March 2027) forecast: annual ¥45 (interim ¥22.5 + year-end ¥22.5), payout ratio forecast 19.2%.
ESG
The company has set targets of net zero by 2050 and a 40% reduction in GHG emissions intensity by FY2030 (versus FY2019), and is promoting the early commercialization of CCUS. In terms of human capital, it is working on promoting women to management positions, DE&I, and health-oriented management (selected as a "Health & Productivity Stock" for three consecutive years), and has established a governance framework that links climate change response targets to executive compensation.
Last updated: June 19, 2026