Integrated Report 2023

IV. Revised Financial Forecasts for the fiscal year ending March 31, 2024 E&P Business Sales Forecasts (Year-on-Year) FY3/23 (a) FY3/24 Revised (f) Net sales: Million Yen Unit Sales volume Net sales Sales volume Net sales Sales volume E&P Business 56,063 94,172 Breakdown JAPEX Change Net sales 38,109 +68% Crude oil 695 55,703 1,331 93,411 +636 +91% +37,708 +68% Crude oil-Japan 238 20,760 219 16,479 [1] (19) (8%) (4,280) (21%) Thousand KL *1 - Crude oil overseas 436 33,084 1,092 75,445 [2] +656 +150% +42,360 +128% Purchased crude oil 20 1,858 19 1,487 (1) (6%) (370) (20%) *2 Natural Gas - Overseas Million M3 11 360 60 761 [3] +48 +424% +400 +111% Main factors for change [1] Decrease in sales volume and sales price [2] Increase in sales volume of tight oil development in U.S. and Garraf Project in Iraq. [3] Increase in sales volume of tight oil development in U.S. *1 Includes the amounts of Japex Garraf Ltd. and Japex (U.S.) Corp. *2 Include the amounts of Japex (U.S.) Corp. Copyright 2023 Japan Petroleum Exploration Co., Ltd. (JAPEX) All Rights Reserved. 23 23

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