Investor Presentaiton

To Improve Corporate Value and Equity Value FY25 ROE target revised upward to "≥ 10%" Reduce cost of capital to rapidly achieve PBR ≥ 1.0 Further accelerate medium-term plan initiatives Business strategy Promote structural reforms ➤ Further enhance earnings from existing businesses and capital efficiency ➤ Transform business and reduce GHG through expansion of new businesses Capital/financial strategy Promote capital/ financial strategy to enhance return on capital • Enhance shareholder returns Expand the shareholder/investor base and improve communication idemitsu Copyright Idemitsu Kosan Co., Ltd. All Rights Reserved.

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