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Investor Presentaiton

Segment Information [Petroleum] +¥17 bn (5/9 announcement: ¥73 bn ➡revised forecast: ¥90 bn) ✓ Revised upward to reflect improved export margins, positive time-lag effects resulting from a rise in crude oil prices, etc. ✓ A fall in non-core product margins and increased fuel costs partially offset by improvements in the overseas trading business [Basic Chemicals] ±\0 (5/9 announcement: ¥21 bn ➡revised forecast: \21 bn) ✓ Decline in sales volume due to sluggish demand for olefin and other derivatives offset by a recovery in the aroma market price [USD/ton] Product 5/9 Announcement Current Forecast Change Price Margin Price Margin Price Margin PX 960 290 980 330 +20 +40 MX 870 200 890 240 +20 +40 SM 1,090 420 1,060 410 (30) (10) [Functional Materials] +¥4 bn (5/9 announcement: ¥19 bn ➡revised forecast: \23 bn) ✓ Functional chemicals: Revised upward to reflect price increases, etc. ✓ Asphalt: Revised downward due to increased raw material cost such as heavy oil fractions ✓ Lubricants: No change, with a volume decrease offset by cost reductions, etc. idemitsu Copyright Idemitsu Kosan Co., Ltd. All Rights Reserved. 29 29
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