Inpex raised dividend to JPY 112 and planned Inpex stock buyback

The annual dividend reached JPY 112 per share on August 7, 2026. Inpex stock posted JPY 263.1 billion profit in the first half of 2026, up 17.7 percent.

INPEX raised its annual dividend forecast to JPY 112 per share and planned a JPY 140.0 billion buyback in its August 7, 2026 investor meeting, according to Yahoo Finance. Inpex stock's operating backdrop combines record profit with lower sales volume.

Dividend rises as buyback expands

Yahoo Finance reported that management presented JPY 112 per share for the full year, JPY 12 above the prior-year payout, alongside a planned JPY 140.0 billion share buyback. The implied dividend increase is 12.00 percent versus JPY 100 per share, giving the capital-return plan a measurable earnings backdrop.

The same August 7 meeting put full-year net profit guidance at JPY 510.0 billion and operating cash flow at more than JPY 1.0 trillion. Management also said the payout ratio was expected at 53 percent, linking shareholder returns to a growth investment program rather than treating the buyback as a standalone event.

First-half profit beats the revenue trend

For the six months ended June 30, 2026, profit attributable to owners reached JPY 263.1 billion, up 17.7 percent from the prior-year period, while revenue fell 4.6 percent to JPY 1,000.5 billion, according to Smart Stock Notes. The comparison matters because earnings growth came despite lower sales.

The report said crude oil sales volume declined 22.8 percent year over year, while Ichthys revenue rose 17.5 percent and Ichthys profit increased 24.5 percent. Operating cash flow reached JPY 553.9 billion, up 29.4 percent, and free cash flow was JPY 129.2 billion in the first half.

What does the project mix mean?

The project mix is the key counterweight to lower crude volumes. Ichthys profit reached JPY 173.1 billion in the first half, up 24.5 percent, while the company retained full-year net profit guidance of JPY 510.0 billion, figures carried by Yahoo Finance. That leaves execution and commodity prices as the main variables for the second half.

Three dated developments

On August 7, 2026, INPEX reported first-half profit of JPY 263.1 billion and presented a JPY 112 dividend forecast, according to Smart Stock Notes. On September 7, 2026, the company published an update on its treasury stock acquisition program through its investor-relations page. On September 25, 2026, Inpex was reported to be raising its Ichthys LNG stake to 68.6 percent through a JERA asset acquisition, according to Investing.com.

Two November dates matter

INPEX's investor-relations calendar schedules the announcement of financial results for the nine months ended September 30, 2026, on November 12, 2026, followed by an investor meeting on November 13, 2026, according to INPEX. Those dates will provide the next reported test of the JPY 510.0 billion full-year net profit forecast.

Stock stays below its yearly high

The stock was last at EUR 20.49 at Lang & Schwarz on October 12, 2026 at 10:57 p.m. CEST. On the Tokyo Stock Exchange, Inpex was trading at JPY 3,696 at 10:14 a.m. JST on October 13, 2026, against a 52-week range of JPY 2,607 to JPY 4,955 and a market capitalization of JPY 4.3 trillion.

The further course of trading is shown by the continuously updated real-time quote of Inpex stock.

Inpex stock at a glance

• Company: Inpex Corporation
• ISIN: JP3294460005
• Ticker: 1605
• Primary exchange: Tokyo Stock Exchange
• Last price Lang & Schwarz (as of October 12, 2026, 10:57 p.m. CEST): EUR 20.49
• Market capitalization: JPY 4.3 trillion (as of October 13, 2026)
• 52-week range: JPY 2,607.00-4,955.00 (as of October 13, 2026)
• Sector / Industry: Energy / Oil & Gas Exploration & Production
• Index membership: Nikkei 225
• Next earnings date: November 12, 2026

Market context: Market report Nikkei 225.

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