Japan’s Inpex splits stock, reports higher sales

摘要

Singapore—Inpex, Japan’s largest upstream company, moved to widen its investor base last week via a 1:400 split of its common stock. If approved by shareholders, the change would bring the price of individual Inpex shares into line with other Tokyolisted companies. The E&P company also reported improved consolidated full-year sales, but a decline in annual net profits May 10.