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Investor Presentaiton

II. Financial Forecasts for the Fiscal Year Ending March 31, 2024 Operating Profit Forecasts (Billion Yen) OP total 1.9 E&P-Overseas 14.8 E&P-Japan I/U (5.6) Others (8.5) 20.3 14.5 24.6 41.2 41.1 JAPEX E&P Business Overseas +12.9 bn. 1.9 bn. -> 14.8 bn. • 62.0 • • Increase in sales volume of tight oil in U.S. Increase in sales volume of crude oil due to the scheduled start of production at the Seagull Project in U.K. North Sea Absence of one-time expenses from Japex Garraf Ltd. Domestic • (20.8 bn.) 41.1 bn. -> 20.3 bn. Decrease in sales volume and sales price in crude oil (Japan) Decrease in sales price* of natural gas (Japan) due to decrease in JLC price * Internal transaction price from E&P Business to Infrastructure/Utilities Business for the internal control (10.0 bn.) I/U Business 24.6 bn. -> 14.5 bn. Decrease in margin on LNG procurement (2.9 bn.) Others* (5.6 bn.) → (8.5 bn.) (20.0) (10.0) 0.0 10.0 20.0 30.0 40.0 50.0 60.0 70.0 . FY3/23 (a) FY3/24 (f) Increase in general and administrative expenses (Personnel and digital-related expenditures) Decrease in profit of contract services and others at subsidiaries * Operating income (contracting, oil products and commodities, and others) not belonging to the above business units, less headquarters administrative expenses Note) The amounts in the operating income breakdown by business segment are the figures for the Group's internal management Copyright 2023 Japan Petroleum Exploration Co., Ltd. (JAPEX) All Rights Reserved. 20 20
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