Inpex Corporation's Financial Strategy

Dividend and Share Buyback Plans

Inpex Corporation, a prominent oil and gas exploration company in Japan, has outlined its financial strategy, including plans for dividend increases and share buybacks. The company aims for a total payout ratio of over 40%, indicating its commitment to returning value to shareholders.

Dividend Forecast

Inpex recently raised its per-share dividend forecast for 2024. The company announced a year-end dividend increase to 28 yen per common stock in 2021, an 8 yen increase from the previous year. Furthermore, the company has announced another dividend increase for 2022, with the year-end dividend set at 32 yen per common stock, a 2 yen increase from the previous forecast.

Share Buybacks

In addition to dividend increases, Inpex has also implemented share buyback programs. In 2021, the company announced a share buyback program of up to 1000 billion yen (approximately $6.96 billion). This program is intended to reduce the number of outstanding shares and enhance earnings per share.

Business Environment Considerations

Inpex's financial strategy is closely tied to the business environment. The company's dividend and share buyback plans are based on its assessment of future cash flows and overall financial performance. Inpex continuously monitors the business landscape and adjusts its strategy as necessary to maximize shareholder value.