Inpex stock gained 1.01 percent after target rose to JPY 4,800

Published on 10/07/2026 at 00:15 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

The target moved from JPY 4,700 to JPY 4,800 on October 1. First-half profit rose 17.7 percent to JPY 263.1 billion, while revenue fell 4.6 percent to JPY 1,000.4 billion.

Inpex, JP3294460005, Illustration mit AI erstellt.

Inpex (ISIN JP3294460005) stock was last at JPY 3,698 on the Tokyo Stock Exchange on October 6, 2026 at 3:30 p.m. JST, up 1.01 percent from the previous close. The market is weighing a higher analyst target against a first-half revenue decline and a stronger profit outlook.

Analysts lift the target

According to Yahoo Finance on October 1, a Japanese major brokerage maintained a bullish rating and raised its target from JPY 4,700 to JPY 4,800. The move added JPY 100 to the target, while the current price remains JPY 1,102 below it.

The published consensus was slightly bullish with seven analysts, and the consensus target stood at JPY 4,635 based on six analysts as of September 30, according to Yahoo Finance. That target lies 25.3 percent above the October 6 price, giving the consensus a clear numerical gap to close.

Profit rises while revenue falls

Inpex's first-half FY2026 results, covering the six months ended June 30, 2026, showed profit attributable to owners of the parent at JPY 263.1 billion, up 17.7 percent year over year, according to Quartr. Revenue declined 4.6 percent to JPY 1,000.4 billion, while operating profit increased 0.3 percent to JPY 618.7 billion.

The company raised its full-year 2026 profit forecast by JPY 60.0 billion to JPY 510.0 billion and set a dividend forecast of JPY 112 per share, according to Quartr. The contrast between lower revenue and higher profit makes commodity prices, production and the project mix more important than sales growth alone.

Ichthys stake adds long-term scale

On September 25, 2026, Inpex exercised pre-emptive rights to acquire a 0.735 percent interest in Australia's Ichthys LNG project from JERA, increasing its participating interest from 67.82 percent to 68.555 percent, Reuters reported. Completion remains subject to Australian regulatory approvals, and the company said the transaction should have minimal impact on consolidated results.

Stock remains below yearly high

Inpex stock was last at JPY 3,698 on October 6, 2026, with a 52-week range of JPY 2,607 to JPY 4,955. Its market capitalization was JPY 4.3 trillion, while volume reached 4,560,200 shares.