TOKYO, Jan 26 (Reuters) - Japan Petroleum Exploration Co Ltd (Japex) 1662.T said on Friday it would book an impairment loss of C$750 million ($608 million) on its shale gas project in Canada in the October-December quarter.
The loss will hurt its net income in the April-December period by 34 billion yen ($311 million), but the company is still assessing an impact on its full-year earnings, Japex said in a statement.
($1 = 1.2338 Canadian dollars)
($1 = 109.1700 yen)