Integrated Report 2023

IV. Revised Financial Forecasts for the fiscal year ending March 31, 2024 Balance sheet JAPEX Million yen As of Mar. 31, 2023(a) As of Sep. 30, 2023(a) Change Current assets Non-current assets 281,791 261,075 (20,716) 286,388 358,694 +72,305 Capital expenditure for tight oil development in U.S. and Seagull project in U.K. North Sea, etc. Property, plant and equipment 118,411 143,032 +24,620 Investment securities 115,940 167,981 +52,040 Recoverable accounts 23,455 16,355 (7,099) Increase in market value of investment securities Capital participation in Norwegian business, etc. other 28,580 31,324 +2,743 Total assets 568,180 619,769 +51,589 Current liabilities Non-current liabilities 64,250 42,259 (21,990) 46,759 61,706 +14,946 Total net assets 457,169 515,803 +58,633 Valuation difference on available-for-sale securities 46,324 80,147 +33,822 Non-controlling interests 31,536 33,612 +2,076 Total liabilities and net assets 568,180 619,769 +51,589 Copyright © 2023 Japan Petroleum Exploration Co., Ltd. (JAPEX) All Rights Reserved. Recording of net income for the period (+) Increase in unrealized gains on available-for-sale securities(+) Increase in foreign currency translation adjustments (+) Decrease due to dividend payment(-) 27 27

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