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Investor Presentaiton

I. Financial Highlights and Business Progress JAPEX Management Plan 2022-2030 Assumption and basic policy Medium- to long-term management plan for 9 fiscal years from FY2022 to FY2030 Improve profitability and build business foundation for 2030 and beyond as basic policy Set quantitative targets: business profit*1, ROE, and business profit ratio Have interim targets in FY2026 and long-term targets in FY2030 on each target Aim to achieve a profit level appropriate to capital costs and enhance shareholder returns by promoting priority items in each business field Allocate 500 billion yen of cash inflows in 9 years to 450 billion yen for growth investment and 50 billion yen for shareholder returns Quantitative target FY2026 Business Profit 30 Billion Yen ROE 5% JAPEX FY2030 Business Profit 50 Billion Yen ROE 8% E&P non-E&P 6:4 E&P non-E&P 5:5 Business Fields E&P Contribute to early expansion of profit scale and respond to low-carbonization Continue to invest in acquisition of new interests and promote low-carbon operations 【Business Profit Target] FY2026 23 billion Yen FY2030 27 billion Yen I/U*2 Transform business structure to withstand market changes and oil price volatility Expand the profit scale of renewable energy and other business 【Business Profit Target) FY2026 12 billion Yen FY2030 27 billion Yen *1: Operating profit and Profit of entities accounted for using equity method and others, assumption oil price (JCC)=50USD/bbl *2: Infrastructure & Utility, *3: CN=Carbon Neutral, *4: CCS/CCUS network that connects multiple CO2 storage sites Copyright 2022 Japan Petroleum Exploration Co., Ltd. (JAPEX) All Rights Reserved. CN*3 Contribute to smooth transition to 2050 CN society Launch CCS/CCUS hub and cluster*4 model business utilizing existing oil and gas fields and others 【Business Profit Target] FY2026 1 billion Yen FY2030 2 billion Yen 5
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