Inpex raises full-year guidance on higher oil prices and LNG project

INPEX raised its full-year profit forecast by up to 46% to a record 510 billion yen ($3.22B), citing higher oil prices and strong output from its Ichthys LNG project in Australia. The guidance upgrade signals improved near-term fundamentals, likely supporting sentiment toward the stock. Market impact is moderate as it is company-specific but driven by key commodity-linked drivers.

Analysis

INPEX raised its full-year profit forecast by up to 46% to a record 510 billion yen ($3.22B), citing higher oil prices and strong output from its Ichthys LNG project in Australia. The guidance upgrade signals improved near-term fundamentals, likely supporting sentiment toward the stock. Market impact is moderate as it is company-specific but driven by key commodity-linked drivers.