Industry map/Resources, Energy & Materials
Oil, Gas & Mining industry map
Who earns the money in Oil, Gas & Mining, and who keeps it. When a company spans several industries, only the relevant segment is counted.
FY2025 · 15 companies · ¥4.11T
Industry map
Companies ordered by revenue, connected by ownership (major shareholders). Arrows point from the shareholder to the investee.
- Industry size (revenue)
- ¥4.11T
- Companies
- 15
- Avg. salary（parent only）
- ¥8.2M
- Industry weather
- Cloudy
YoY -3.8%
Avg. age 42.0
Operating income +6.9%
Inpex[1605]
Other Projects + 2 more
- Revenue
- ¥1.99T▼11.3%
- Operating income
- —
Whole company: Revenue ¥2.01T · Net income ¥393.8B
Avg. salary ¥13.2M · 39.2（parent only）
- Japan Petroleum Exploration owns 2.3%
Japan Petroleum Exploration[1662]
Japan + 3 more
- Revenue
- ¥340.3B▼12.5%
- Operating income
- ¥52.5B▼30.7%
Margin 15.4%
Whole company: Revenue ¥340.3B · Net income ¥53.4B
Avg. salary ¥10.6M · 39.8（parent only）
- Inpex owns 1.4%
JX Advanced Metals[5016]
Metals and Recycling
- Revenue
- ¥390.9B▲28.6%
- Operating income
- ¥139.5B▲87.2%
Margin 35.7%
Whole company: Revenue ¥884.6B · Net income ¥104.6B
Avg. salary ¥8.3M · 41.5（parent only）
- ENEOS Holdings owns 42.4%
Tokyo GAS[9531]
Global Business
- Revenue
- ¥241.1B▲33.5%
- Operating income
- ¥70.7B▲273.5%
Margin 29.3%
Whole company: Revenue ¥2.83T · Net income ¥226.9B
Avg. salary ¥7.8M · 43.3（parent only）
ENEOS Holdings[5020]
Oil and Natural Gas Exploration and Production
- Revenue
- ¥216.7B▼10.7%
- Operating income
- ¥50.8B▼41.8%
Margin 23.5%
Whole company: Revenue ¥11.8T · Net income ¥258.7B
Avg. salary ¥11.4M · 43.0（parent only）
Idemitsu Kosan[5019]
Resources
- Revenue
- ¥203.5B▼23.3%
- Operating income
- ¥29.2B▼57.3%
Margin 14.3%
Whole company: Revenue ¥8.11T · Net income ¥171.9B
Avg. salary ¥10M · 42.0（parent only）
Sumitomo Metal Mining[5713]
Mineral Resources
- Revenue
- ¥192.4B▲36.4%
- Operating income
- —
Whole company: Revenue ¥1.74T · Net income ¥176.3B
Avg. salary ¥8.1M · 40.8（parent only）
Nippon Coke & Engineering[3315]
Coke Business
- Revenue
- ¥56.1B▼4.4%
- Operating income
- -¥2.33B
Margin -4.1%
Whole company: Revenue ¥91.4B · Net income -¥7.68B
Avg. salary ¥6.1M · 40.4（parent only）
- Nittetsu Mining owns 1.0%
- Sumitomo Metal Mining owns 0.8%
Nittetsu Mining[1515]
Metal + 1 more
- Revenue
- ¥187.2B▲5.5%
- Operating income
- ¥14.8B▲79.9%
Margin 7.9%
Whole company: Revenue ¥209.7B · Net income ¥14B
Avg. salary ¥8.1M · 42.7（parent only）
Osaka GAS[9532]
International energy
- Revenue
- ¥127B▲16.9%
- Operating income
- ¥67.7B▲25.4%
Margin 53.3%
Whole company: Revenue ¥2.03T · Net income ¥152.8B
Avg. salary ¥8.5M · 44.3（parent only）
K&O Energy Group[1663]
Gas business
- Revenue
- ¥67.7B▼6.2%
- Operating income
- ¥4.97B▼2.5%
Margin 7.3%
Whole company: Revenue ¥91.4B · Net income ¥8.38B
Avg. salary ¥7.5M · 42.6（parent only）
Cosmo Energy Holdings[5021]
Oil exploration and production business
- Revenue
- ¥45.2B▲3.7%
- Operating income
- ¥65.3B▼20.8%
Margin 144.3%
Whole company: Revenue ¥2.68T · Net income ¥74B
Avg. salary ¥11.9M · 42.0（parent only）
※ Card revenue and operating income cover only the segment in this industry; “Whole company” shows consolidated revenue and net income.
Other companies: ISE Chemicals · Sumiseki Holdings · Nitchitsu
The weather is derived mechanically from year-over-year totals of revenue and operating income (both up = sunny, both down = rainy).
Who earns the money
Area = revenue from businesses in this industry. Color = operating margin.
Who makes a profit
Across = revenue (log scale), up = operating margin, bubble size = operating income.
Ranking and momentum
| Rank | Company (business) | Revenue | Share | Op. margin | CAGR | FCF* |
|---|---|---|---|---|---|---|
| 1 | InpexOther Projects + 2 more | ¥1.99T | 48.5% | — | — | ¥691.3B |
| 2▲1 | JX Advanced MetalsMetals and Recycling | ¥390.9B | 9.5% | 35.7% | — | ¥32B |
| 3▼1 | Japan Petroleum ExplorationJapan + 3 more | ¥340.3B | 8.3% | 15.4% | +8.1% | ¥73.7B |
| 4▲2 | Tokyo GASGlobal Business | ¥241.1B | 5.9% | 29.3% | +31.6% | ¥156.2B |
| 5 | ENEOS HoldingsOil and Natural Gas Exploration and Production | ¥216.7B | 5.3% | 23.4% | -2.8% | ¥363.7B |
| 6▼2 | Idemitsu KosanResources | ¥203.5B | 5.0% | 14.3% | -12.0% | ¥225.6B |
| 7▲1 | Sumitomo Metal MiningMineral Resources | ¥192.4B | 4.7% | — | +15.1% | ¥16.2B |
| 8▼1 | Nittetsu MiningMetal + 1 more | ¥187.2B | 4.6% | 7.9% | +8.9% | -¥25.4B |
| 9 | Osaka GASInternational energy | ¥127B | 3.1% | 53.3% | +16.5% | ¥89.6B |
| 10 | K&O Energy GroupGas business | ¥67.7B | 1.6% | 7.3% | +5.5% | ¥7.71B |
| 11 | Nippon Coke & EngineeringCoke Business | ¥56.1B | 1.4% | -4.2% | -9.7% | ¥546M |
| 12 | Cosmo Energy HoldingsOil exploration and production business | ¥45.2B | 1.1% | 144.3% | +5.0% | ¥130.5B |
| 13 | ISE ChemicalsIodine and naturalgas | ¥34.7B | 0.8% | 27.3% | +21.1% | ¥4.85B |
| 14 | Sumiseki HoldingsCoal business division | ¥9.95B | 0.2% | 5.5% | -4.0% | ¥4.49B |
| 15 | NitchitsuMineral Resources | ¥1.95B | 0.0% | 2.6% | -5.2% | ¥691.8M |
* FCF is company-wide (not disclosed by segment). CAGR covers the available years, up to five.
How they make money differently
Where each company's ¥100 of sales goes, and how much it keeps (company-wide).
- Cost of sales
- SG&A
- Other
- Operating profit
- Inpex4356
- ISE Chemicals68824
- JX Advanced Metals771220
- K&O Energy Group76712
- Japan Petroleum Exploration771111
- Sumitomo Metal Mining8411
- Nittetsu Mining79129
- Osaka GAS78139
- Tokyo GAS82117
- Cosmo Energy Holdings887
- ENEOS Holdings907
- Sumiseki Holdings8215
- Idemitsu Kosan917
- Nitchitsu8810
- Nippon Coke & Engineering927
Ownership links
From the major-shareholder section of annual securities reports.
- ＡＧＣ株式会社Outside
- SubsidiaryISE Chemicals52.8%
- ENEOS HoldingsIn industry
- AffiliateJX Advanced Metals42.4%
- 日本製鉄株式会社Outside
- AffiliateNippon Coke & Engineering22.6%
- StakeNittetsu Mining10.3%
- 岩谷産業㈱Outside
- AffiliateCosmo Energy Holdings22.2%
- 住友商事株式会社Outside
- StakeNippon Coke & Engineering19.4%
- エア・ウォーター㈱Outside
- StakeK&O Energy Group17.1%
- 京葉瓦斯㈱Outside
- StakeK&O Energy Group13.8%
- 三菱商事株式会社Outside
- StakeISE Chemicals7.3%
- 旭化成㈱Outside
- StakeNitchitsu4.7%
- トヨタ自動車株式会社Outside
- StakeSumitomo Metal Mining4.1%
The company on each card is a major shareholder of the companies listed under it (latest 'major shareholders' disclosure). 50%+ is labelled subsidiary and 20%+ affiliate, based on ownership alone. Stakes under 3% are omitted.
Compare the leaders side by side
All companies in Oil, Gas & Mining (by revenue)
All 15 companies in this industry, ranked by revenue in each company's latest fiscal year. For companies that belong through one business segment, the figure is that segment's revenue.
- Inpex¥1.99T
- JX Advanced Metals¥390.9B · 35.7%
- Japan Petroleum Exploration¥340.3B · 15.4%
- Tokyo GAS¥241.1B · 29.3%
- ENEOS Holdings¥216.7B · 23.4%
- Idemitsu Kosan¥203.5B · 14.3%
- Sumitomo Metal Mining¥192.4B
- Nittetsu Mining¥187.2B · 7.9%
- Osaka GAS¥127B · 53.3%
- K&O Energy Group¥67.7B · 7.3%
- Nippon Coke & Engineering¥56.1B · -4.2%
- Cosmo Energy Holdings¥45.2B · 144.3%
- ISE Chemicals¥34.7B · 27.3%
- Sumiseki Holdings¥9.95B · 5.5%
- Nitchitsu¥1.95B · 2.6%
Revenue · Op. margin
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