Financial Results for Nine Months Ended December 31, 2023
II. 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)
Change
Net sales: Million Yen
Unit
Sales volume
Net sales
Sales volume
Net sales
Sales volume
E&P Business
56,063
97,267
JAPEX
Net sales
+41,204
+73%
Breakdown
Crude oil
695
55,703
1,393
96,218
+697
+100%
+40,515
+73%
Crude oil - Japan
238
20,760
230
17,397
(7)
(3%) [1] (3,363)
(16%)
Thousand KL
*1
Crude oil-overseas
436
33,084
1,142
77,260
[2] +706
+162%
+44,176
+134%
Purchased crude oil
20
1,858
20
1,560
(0)
(4%)
(297)
(16%)
Natural Gas - Overseas*
*2
Million M3
11
360
66
1,049
+55
+480%
+688
+191%
Main factors for change
[1] Decrease in sales price
[2] Increase in sales volume of Garraf Project in Iraq and tight oil development in U.S.
*1 Amounts of overseas consolidated subsidiaries, Japex Garraf Ltd. and Japex (U.S.) Corp. for FY3/23, and Japex Garraf Ltd., Japex (U.S.) Corp. and JAPEX UK E&P Ltd. for FY3/24.
*2 Amounts of overseas consolidated subsidiaries, Japex (U.S.) Corp. for FY3/23, and Japex (U.S.) Corp. and JAPEX UK E&P Ltd. for FY3/24.
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