JAPEX Books ¥8.72bn Gain on Share Sale, Tops Its Own Estimate
Japan Petroleum Exploration completed the sale of one listed security for a ¥8.72bn gain, above the ¥6.0bn it estimated on August 6, and kept its full-year earnings forecast as is.
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Japan Petroleum Exploration Co., Ltd.
Latest Tokyo Brief coverage on Japan Petroleum Exploration Co., Ltd., tracking filings, financial news, and market signals from Japan.
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- 1662
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TSE:1662
JAPEX Lifts Profit Guidance, Helped More by a Stock Sale Than by Oil
A ¥6bn gain from selling one listed stock, rather than a rebound in crude sales, is doing much of the work in Japan Petroleum Exploration's higher full-year profit forecast, after quarterly profit fell 79% on costly spot LNG cargoes.