Integrated Report 2023

IV. Revised Financial Forecasts for the fiscal year ending March 31, 2024 Cash Flows and Debt JAPEX Million Yen FY3/23 (a) FY3/24 (a) FY3/23 (a) FY3/24 (f) 1-2Q 1-2Q Full year Full year Aug.9 Nov.10 Cash flows from operating activities Profit before income taxes Depreciation Recovery of recoverable accounts 42,806 44,973 104,581 84,655 88,635 43,068 39,121 83,084 44,700 56,900 5,497 11,979 14,257 26,587 24,491 18,888 18,295 41,581 39,736 Cash flows from investing activities (22,080) (33,767) (52,723) (116,539) (115,444) Purchase of property, plant and equipment (14,735) (31,984) (35,973) (84,136) (85,385) Payments of recoverable accounts (13,657) (11,917) (27,729) (33,538) (32,413) Cash flows from financing activities (5,985) (12,322) (14,506) (19,145) (30,392) Cash and cash equivalents at end of period 168,384 190,129 186,166 135,137 128,965 Interest-bearing debt*1 EBITDA *2 Debt-to-EBITDA ratio - 10,413 10,149 10,149 85,316 74,177 83,241 0.1 0.1 0.1 *1 Interest-bearing debt includes 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. 28 28

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