Supply security worries from the Middle East are also seen underpinning oil prices as turmoil in Iraq continues.
Nippon Mining's profit forecast of 24 billion yen for the year to next March, however, came in line with a market consensus.
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Japan's Teikoku Oil Shares Up
The situation on Japan stocks
The situation on Japan stocks: Japan oil and natural gas producer Teikoku Oil Co up 4.21 percent at 545 yen and peer Japan Petroleum up 1.7 percent at 4,180 yen as higher oil prices are expected to benefit energy suppliers.
Crude oil settled within a whisker of an all-time high in New York on Wednesday as fears of gasoline shortages sparked buying following data that showed a drawdown in motor fuel inventories.
Supply security worries from the Middle East are also seen underpinning oil prices as turmoil in Iraq continues.
Nippon Mining Holdings Inc, an oil refiner and copper smelter, up 4.05 percent at 462 yen after the company posted a 300 percent rise in group net profit to 14.85 billion yen ($131.4 million) for the last business year thanks to improving profit margins on petroleum products and a rise in copper prices.
Nippon Mining's profit forecast of 24 billion yen for the year to next March, however, came in line with a market consensus.
Supply security worries from the Middle East are also seen underpinning oil prices as turmoil in Iraq continues.
Nippon Mining's profit forecast of 24 billion yen for the year to next March, however, came in line with a market consensus.
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