Investor Presentaiton

II. Financial Forecasts for the Fiscal Year Ending March 31, 2024 Cash Flows and Debt JAPEX Million Yen FY3/22 (a) FY3/23 (a) FY3/24 (f) Full year Full year Full year May 12 Cash flows from operating activities Profit before income taxes Depreciation Recovery of recoverable accounts (1,052) 104,581 98,293 (18,501) 83,084 45,500 17,721 14,257 27,788 17,780 18,295 38,482 Cash flows from investing activities 52,067 (52,723) (87,422) Purchase of property, plant and equipment (16,278) (35,973) (54,433) Payments of recoverable accounts (23,244) (27,729) (39,756) Cash flows from financing activities (70,939) (14,506) (18,417) Cash and cash equivalents at end of period 144,513 186,166 178,619 Interest-bearing debt*1 6,156 10,413 10,149 EBITDA *2 57,391 85,316 77,392 Debt-to-EBITDA ratio 0.1 0.1 0.1 *1 Interest-bearing debt includes reimbursement obligations, lease obligations, retirement benefit liabilities and contingent liabilities *2 EBITDA is the total of operating profit, depreciation, interest and dividends received based on investment cash flow statement Copyright © 2023 Japan Petroleum Exploration Co., Ltd. (JAPEX) All Rights Reserved. 23 23

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