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Japanese state-linked oil and gas exploration and production company with domestic and overseas fields.
Japanese state-linked oil and gas exploration and production company with domestic and overseas fields.
Sells natural gas from Japanese fields and imported LNG to utilities and city-gas companies, often under long contracts, through its own pipelines and a terminal in the northeast. Crude oil from overseas projects follows market prices. Domestic output is small next to Japan's imports.
In one line: A small, Japan-based independent E&P, like a mini Ovintiv.
Moat: narrow (regulatory licence, scale). Government-linked domestic drilling rights and long-term LNG/gas supply contracts underpin the business.
Headquarters: Tokyo, Japan · Founded: 1955 · Employees: 1,670
Size Japan Petroleum Exploration (1662.T) is a Japan Energy company (Integrated Oil) with a market value of $2.36B, the 431st largest of 1,379 Japan companies the cockpit tracks. Shares closed at ¥1,459 on 6 Nov 2026.
Performance Over six months the shares fell 35.9%, against -9.8% for the median peer and +1.8% for the Japan market (cap-weighted) — 3rd lowest of 21 in its peer set.
Growth Revenue fell 15.7% over the last twelve months (peer median +12.3%); the operating margin is 8.8% (peer median 22.3%).
Valuation It trades at 5.1× forward earnings against a peer median of 10.7× (4th cheapest of 16).
Price implies For today's price to make sense, revenue must grow about -6% a year for seven years (Req g). Recent delivered growth is +7%, so the hurdle is -13 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 2.8 points below its cost of capital (6.1% WACC).
Next results Next results expected around 12 Nov 2026 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | ¥323B | ¥340B | ¥389B | ¥326B | ¥336B |
| Revenue growth | — | -13% | +19% | -3% | — |
| Gross profit | ¥65.4B | ¥74.8B | ¥92.7B | ¥80.6B | ¥89.2B |
| EBITDA | ¥72.0B | ¥86.0B | ¥112B | ¥82.9B | ¥76.3B |
| Net income | ¥41.0B | ¥53.4B | ¥81.2B | ¥53.7B | ¥67.4B |
| Free cash flow | n/a | ¥83.2B | ¥51.1B | ¥34.9B | ¥77.8B |
| Capital expenditure | n/a | ¥29.2B | ¥90.8B | ¥66.2B | ¥36.2B |
| Total debt | ¥57.8B | ¥21.7B | ¥1.48B | ¥1.84B | ¥2.20B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Japan Petroleum Exploration 1662.T | $2.36B | -36% | -16% | 9% | 5.1× | -5.6% |
| Inpex 1605.T | $25.9B | -16% | -8% | 49% | 7.4× | -14.4% |
| Cosmo Energy 5021.T | $3.74B | -10% | 0% | 9% | 7.0× | -18.5% |
| Eneos 5020.T | $19.8B | -11% | +2% | 7% | 6.7× | -10.6% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | 1662.T | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -15.4% | -8.5% | 5th lowest of 21 |
| 6-month return | -35.9% | -9.8% | 3rd lowest of 21 |
| Distance from 52-week high | -48.2% | -24.9% | 4th lowest of 21 |
| Revenue growth (TTM) | -15.7% | +12.3% | 3rd lowest of 21 |
| Operating margin | 8.8% | 22.3% | 3rd lowest of 21 |
| Forward P/E | 5.1× | 10.7× | 4th cheapest of 16 |
| Growth the price implies (Req g, 7 yrs) | -5.6% | -5.6% | 7th most demanding of 14 |
| Growth delivered (Del g) | +7.2% | +13.1% | 5th lowest of 14 |
| Hurdle (Req g minus delivered) | -12.8 pp | -23.1 pp | 5th most demanding of 14 |
| ROIC minus cost of capital | -2.8 pp | +2.8 pp | 4th lowest of 21 |
| EV / EBITDA | 5.0× | 4.9× | 9th most expensive of 18 |
| Net debt / EBITDA | -0.6× | 0.3× | 4th least indebted of 18 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Japan Petroleum Exploration 1662.T | Japan | $2.36B | -36% | -16% | 9% | 5.1× | -5.6% | +7.2% |
| DNO DNO.OL | Norway | $2.13B | +6% | +128% | 48% | 5.9× | n/a | n/a |
| Headwater Exploration HWX.TO | Canada | $1.95B | -10% | +13% | 44% | 9.9× | 3.0% | +125.4% |
| BKV BKV | United States | $1.92B | -37% | +84% | -1% | 11.1× | n/a | n/a |
| Baytex Energy BTE.TO | Canada | $2.95B | -11% | -8% | 15% | 7.5× | 4.7% | +12.8% |
| Senton Energy 001331.SZ | China | $1.75B | -24% | -24% | -1% | n/a | n/a | n/a |
| Paramount Resources POU.TO | Canada | $3.26B | +6% | -28% | 10% | 12.4× | n/a | n/a |
| Peyto Exploration & Development PEY.TO | Canada | $3.54B | -5% | +26% | 40% | 12.6× | -2.1% | +22.8% |
| Mach Natural Resources LP MNR | United States | $1.50B | -35% | +39% | 22% | 5.9× | -10.0% | +2.9% |
| Tamarack Valley Energy TVE.TO | Canada | $3.83B | -7% | +11% | 48% | 10.7× | -5.6% | +46.8% |
| Kelt Exploration KEL.TO | Canada | $1.45B | +4% | +30% | 17% | 12.4× | n/a | n/a |
| United Energy 0467.HK | Hong Kong | $1.44B | -10% | +28% | 14% | 3.6× | n/a | n/a |
| Athabasca Oil ATH.TO | Canada | $3.92B | +1% | +3% | 31% | 13.7× | -5.3% | +23.4% |
| Shandong Xinchao Energy 600777.SS | China | $3.97B | -33% | -15% | 13% | n/a | -10.0% | +13.1% |
| Greenfire Resources GFR.TO | Canada | $1.36B | +3% | -2% | 17% | n/a | n/a | n/a |
| California Resources CRC | United States | $4.15B | -20% | +12% | 24% | 10.9× | -8.3% | +16.2% |
| Geo-Jade Petroleum 600759.SS | China | $1.33B | -54% | +42% | 30% | n/a | -0.7% | +2.8% |
| Birchcliff Energy BIR.TO | Canada | $1.29B | +3% | +10% | 20% | 13.5× | 1.9% | +5.8% |
| Kosmos Energy KOS | United States | $1.26B | -23% | +23% | 23% | 4.6× | -6.4% | +9.9% |
| Crescent Energy CRGY | United States | $4.74B | -10% | +34% | 30% | 4.1× | -9.4% | +36.5% |
| Totalenergies EP Gabon EC.PA | France | $1.14B | -5% | -13% | 25% | n/a | -10.7% | -0.6% |