CONTENTS Market Data Fact Book Year ended March 31, 2016 Market Data (Price / Exchange Rate / Stock Markets) 01 Market Data (World) 0

Transcription

1 CONTENTS Market Data Fact Book Year ended March 31, 16 Market Data (Price / Exchange Rate / Stock Markets) 1 Market Data (World) 3 Market Data (Japan) 5 Index Data (Consolidated) Pro fit abilit lity I ndices 8 Efficiency Indices 9 Produc ductiv tivity ity Indices 9 Stabilityity Indices 1 Performance Indice ices 11 Reserve es /P Production Indic dices 12 Operating Data Oil and Reserves 13 Oil and Net Production Sales Volume 21 Business Investment / Others / 22 Financial Data (Consolidated) 23 Corporate Information 26

2 Market Data Market Data (Price / Exchange Rate / Stock Markets) price trend (ICE Brent / NYMEX WTI / CIF price in Japan)ICE Brent NYMEX WTI CIF U.S.$/bbl 15 1 ICE Brent NYMEX WTI CIF price in Japan CIF U.S.$/bbl Annual average ICE Brent ICE Brent * NYMEX WTI NYMEX WTI * CIF price in Japan CIF ** Source: Petroleum Association of Japan (PAJ), etc. * 16: From January to June ** 16:From January to May * 1616 ** 1615 LNG (CIF) price trend in Japan LNGCIF (U.S.$/ton 1, (U.S.$/ton Annual average LNG (CIF) price LNG CIF Source: Petroleum Association of Japan (PAJ) *16: From January to May *1615 Steel products (steel plate) price trend in Japan /ton 15, Average of the high and low prices 1, 5, Annual average Steel products (steel plate) price Source: Japan Metal Daily ( /ton 4,5 45,667 75,125 83,333 8,5 81, 117,542 12,167 87,78 87,667 81,125 77,333 82, 79,833 75, *16: From January to June * INPEX CORPORATION Fact Book 16

3 Exchange rate trend (Japanese yen against U.S. dollar) /U.S.$ Market Data 8 Average exchange rate Source: Mizuho Bank /U.S.$ *16: From January to June *1616 World stock markets (2/1=1) ASX Hang Seng TOPIX S&P 5 FTSE /1 3/1 4/1 5/1 6/1 7/1 8/1 9/1 1/1 11/1 12/1 13/1 14/1 15/1 16/1 Reference: INPEX s share price performance vs. TOPIX (6/4=1) TOPIX 6 4 =1 15 INPEX TOPIX

4 Market Data Market Data (World) World primary energy consumption 1515 Total 13,147.3 Million tons oil equivalent Million tons oil equivalent % Oil 4, % Natural gas 3, % Coal 3, % Nuclear power % Hydroelectricity % Renewables % Total 13, % Source: BP BP Statistical Review of World Energy June 16 BP BP Statistical Review of World Energy June 16 Proved reserves by region and reserves to production ratio (RP ratio) (as the end of 15) 15 Natural gas Total 1,697.6 Billion bbl RP ratio (years) 5.7 Total 6,599.4 Trillion cf cf RP ratio (years) 52.8 Billion bbl % North America % Central, South America % Europe, Eurasia % Middle East % Africa % Asia Pacific % Total 1, % Source: BP BP Statistical Review of World Energy June 16 BP BP Statistical Review of World Energy June 16 Trillion cf cf % North America % Central, South America % Europe, Eurasia 2, % Middle East 2, % Africa % Asia Pacific % Total 6, % Source: BP BP Statistical Review of World Energy June 16 BP BP Statistical Review of World Energy June 16 World oil and gas production (Thousand bbl/day (Billion m 3 m 3 1, (Left scale) Natural gas (Right scale) 4, 8,916 81,896 82,487 82,277 82,818 81,182 83,283 84,97 86,218 86,591 88,834 91,67 74,922 77,65 75, 3, 2, , , ,79.9 2, , ,71.7 3,8.5 3, , ,41.7 3, , , , 2, 25, 1, Source: BP BP Statistical Review of World Energy June 16, etc. BP BP Statistical Review of World Energy June INPEX CORPORATION Fact Book 16

5 Volume of global trade () Change 15 over 14 * *1 15 share of total *1 15 * Imports U.S. 11,357 12,254 12,898 13,525 13,612 13,632 12,872 11,453 11,689 11,338 1,587 9,859 9,24 9,41 1.7% 15.4% Europe 11,922 12,73 12,599 13,354 13,53 14,34 13,885 12,68 12,1 12,272 12,569 12,815 12,619 13, % 22.3% China 1,987 2,643 3,445 3,427 3,883 4,172 4,494 5,1 5,886 6,295 6,675 6,978 7,398 8, % 13.4% Japan 5,7 5,314 5,3 5,225 5,1 5,32 4,925 4,263 4,567 4,494 4,743 4,637 4,383 4,346 (.8%) 7.1% Rest of World 15,154 15,9 16, 16,654 17,352 19,748 19,55,23,25,773 21,213 23,668 24,542 25, % 41.9% Total World 45,49 47,493 5,345 52,185 53,578 56,619 55,726 53,447 54,368 55,171 55,787 57,957 58,182 61, % 1.% Exports U.S ,129 1,317 1,439 1,967 1,947 2,154 2,495 2,682 3,563 4,34 4, % 7.6% Canada 1,959 2,96 2,148 2,1 2,33 2,457 2,498 2,518 2,599 2,798 3,56 3,296 3,534 3, % 6.3% Mexico 1,966 2,115 2,7 2,65 2,12 1,975 1,69 1,449 1,539 1,487 1,366 1,347 1,293 1, % 2.2% Central, South 2,965 2,942 3,233 3,528 3,681 3,57 3,616 3,748 3,568 3,755 3,83 3,79 3,922 4,68 3.7% 6.6% America Europe 2,32 2,127 2,7 2,231 2,241 2,35 2,86 2,74 1,949 2,16 2,193 2,578 2,531 2, % 4.7% Russia 5,3 5,795 6,355 6,878 6,792 7,827 7,54 7,257 7,397 7,448 7,457 7,948 7,842 8, % 13.5% Other CIS CIS ,63 1,118 1,312 1,538 1,68 1,79 1,944 2,8 1,848 2,12 1,94 1,875 (3.3%) 3.1% Middle East 18,62 18,943 19,63 19,821,4 19,68,128 18,49 18,883 19,687 19,581, 19,945, % 33.7% North Africa *2 *2 2,6 2,715 2,917 3,7 3,225 3,336 3,26 2,938 2,871 1,945 2,596 2,125 1,695 1,632 (3.7%) 2.7% West Africa *2 *2 3,134 3,612 4,48 4,358 4,74 4,83 4,587 4,364 4,61 4,637 4,557 4,428 4,515 4,458 (1.3%) 7.3% Asia Pacific 3,848 3,978 4,189 4,243 4,312 6,4 5,392 5,631 6,226 6,88 6,299 6,37 6,425 7,6 9.% 11.4% Rest of World 1,551 1,361 1,631 1,542 1,359 1,656 1,363 1, %.9% Total World 45,49 47,493 5,345 52,185 53,578 56,619 55,726 53,447 54,368 55,171 55,787 57,957 58,182 61, % 1.% Source: BP BP Statistical Review of World Energy June 16, etc. *1 Annual changes and shares of total are calculated using thousand barrels daily figures. *2 North and West African exports excludes intra-africa trade. : BP BP Statistical Review of World Energy June 16 *1 / *2 (Thousand bbl/day Market Data Volume of global trade 15 (LNG) LNG 15 To Import Countries U.S.** Trinidad & Tobago Peru Other Europe** Norway Russian Federation Oman Qatar UAE From Export Countries Yemen Algeria Angola Egypt Equatorial Guinea Nigeria Australia Indonesia Brunei Papua New Guinea Malaysia North America * U.S Canada * Mexico * Central, South America Argentina * Brazil Chile Other countries Europe & Eurasia Belgium France.3.5 * Italy * 6. Spain Turkey United Kingdom * 12.8 Other countries * Middle East Africa Asia Pacific China * 26.2 India.3.1 * Japan Malaysia Pakistan Singapore South Korea Taiwan Thailand Total Exports Source: BP BP Statistical Review of World Energy June 16 * Less than.5 ** Includes re-exports : BP BP Statistical Review of World Energy June 16 *.5 ** (Billion m 3 m 3 Other Asia Pacific** Total Imports 16 4

6 Market Data Market Data (Japan) and natural gas production (Japan) Thousand kl kl 1, , ,752 2,814 2,957 2,466 Million m 3 m , ,729 3, ,555 3, ,343 3, , , ,94 3, 626 2,746 2, 1, Thousand klkl Thousand bbl/day Million m 3 m 3 2,499 2,466 2,752 2,814 2,957 3,14 3,48 3,729 3,76 3,555 3,343 3,334 3,177 2,94 2,746 Natural gas Thousand boe/day * Source: Handbook of Energy and Economics Statistics in Japan 16 * Data calculated from Handbook of Energy and Economics Statics in Japan * 16 Primary energy supply (Japan) 1 1 kcal 6, 558,651 54, ,641 55, , , , , ,436 5, 515, ,99 516,27 511, ,419 5,779 4, 3,, 1, 1 1 kcal Renewables, etc. 7,333 7,251 7,573 7,937 7,94 7,989 8,152 8,44 8,127 8,6 8,679 8,841 9,197 11,44 14,16 Nuclear power 69,241 68,77 63,445 51,63 6,725 64,139 63,859 55,526 54,326 58,876 6,661 21,417 3,355 1,93 Hydroelectricity 19,253 18,674 18,367 21,248,964 17,31 19,426 16,522 16,797 16,35 17,229 17,471 15,71 16,156 17,11 73,398 72,2 74,321 78,964 78,427 78,86 86,119 92,968 92,721 9,242 95, , ,62 118,47 119, ,4 271, , ,8 275, ,18 268, , ,75 235, , ,55 247,714 24, ,19 Coal 1,222 12,66 19, , , ,67 117, ,593 1,76 16,364 1, ,27 118, ,87 123,416 Total 558,651 54, ,641 55, , , , , , , ,99 516,27 511, ,419 5,779 Source: Handbook of Energy and Economics Statistics in Japan Petroleum product demand by sector (Japan) (Million tons Electric power Non-energy* * Transportation Household Industrial (Manufacturing) Industrial (Nonmanufacturing) Demand Total Source: Handbook of Energy and Economics Statistics in Japan 16 * Grease, Paraffin, Asphalt and Lubricant 16 * (Million tons 5 INPEX CORPORATION Fact Book 16

7 imports to Japan by supply country Thousand kl kl 3, 25, 254,64 239, , , ,85 249,1 238, ,29 234,46, 15, 1, 211, ,357 9, ,26 21, ,169 Market Data 5, Saudi Arabia 54,898 53,365 54,228 55,74 63,38 72,789 69,149 66,873 66,136 62,384 62,562 64,95 64,123 64,63 63,523 UAE 65,112 57, 55,496 59,479 6,456 61,89 62,496 57,678 53,517 45,182 44,767 47,126 46,626 47,83 48,69 Iran 29,229 29,874 33,418 39,57 36,382 32,425 26,889 29,546 27,849 23,2,944 16,259 1,114 9,655 1,17 Iraq 3, ,312 3,636 1,742 2,259 2,161 3,82 4,782 6,986 4,578 4,428 3,395 2,555 Qatar 24,546 25,594 22,283 23,772 21,842 23,511 24,79 25,914 25,826 25,641 24,877 21,327 24,73 27,43 18,644 Kuwait 18,839 17,219 16,81 18,2 17,887 17,872 16,874 16,677 19,57 16,318 14,938 14,578 15,576 15,153 13,41 Neutral zone* * 13,843 12,433 9,527 8,81 5,64 4,952 5,24 4,541 4,117 4,174 4,118 4,245 4,439 3,413 2,357 Other Middle East 11,799 14,562 14,58 7,857 7,117 7,396 4,65 5,833 5,754 8,15 6,55 4,923 6,14 4,417 2,129 Indonesia 12,255 1,391 9,716 8,871 7,893 7,646 6,66 7,858 6,419 4,193 5,155 7,357 7,652 6,85 5,14 Other Southeast Asia 6,865 6,232 5,168 4,881 4,15 4,494 3,343 4,87 4,62 2,268 2,258 5,763 6,783 4,518 3,36 Russia ,689 1,583 1,736 3,792 8,423 8,734 9,629 15,171 8,629 11,167 15,5 16,316 Africa 1,777 4,46 11,291 6,253 9,965 1,56 9,444 8,132 5,83 3,37 2,986 5,983 6,267 4,256 3,6 Other 11,856 7,948 8,576 6,515 2,11 3,32 3,242 3,584 3,539 2,698 3,91 3,456 3,675 3,848 6,319 Total Imports 254,64 239, , , ,85 249,1 238, ,29 234,46 211, ,357 9, ,26 21, ,169 Source: Handbook of Energy and Economics Statistics in Japan 16 * Saudi Kuwaiti neutral zone 16 * Thousand klkl LNG imports to Japan by supply countrylng Thousand tons 1, 83,183 86,865 87,731 89,73 75, 5, 54,157 54,421 55,18 58,538 58,18 57,917 63,39 68,36 68,135 66,354 7,562 25, Other* * Papua New Guinea 3,43 Angola Brazil 5 Peru Yemen Russia 4,339 5,978 7,772 8,366 8,584 8,514 Equatorial Guinea 561 1,174 1, ,124 2,85 1, Norway Egypt ,627 1, , Nigeria , 1, ,337 4,531 3,892 5,18 Trinidad & Tobago Oman ,656 1,14 1,11 2,864 3,699 3,64 2,785 2,661 4,227 3,794 4,229 3,2 Qatar 6, 6,386 6,64 6,68 6,762 6,396 7,77 8,129 8,95 8,11 7,7 14,31 15,252 16,173 16,5 Algeria Australia 7,211 7,489 7,212 7,644 8,612 1,456 12,66 11,816 12,174 12,457 13,248 13,592 17,57 18,377 18,336 Malaysia 1,923 11,296 1,881 12,219 13,154 13,136 12,2 13,252 13,339 12,57 14,617 15,126 14,269 15,5 15,318 Indonesia 18,123 16,444 17,522 17,49 15,545 13,813 13,951 13,65 13,949 12,746 12,93 7,96 5,776 6,568 5,184 UAE 4,82 4,853 4,633 5,256 5,17 5,371 5,262 5,571 5,549 5,92 5,85 5,638 5,544 5,282 5,695 Brunei 5,715 6,4 6,11 6,367 6,357 6,165 6,393 6,641 6,11 5,988 5,94 6,176 5,914 4,772 4,431 U.S. 1,26 1,266 1,253 1,242 1,21 1,25 1, Total Imports 54,157 54,421 55,18 58,538 58,18 57,917 63,39 68,36 68,135 66,354 7,562 83,183 86,865 87,731 89,73 Source: Handbook of Energy and Economics Statistics in Japan 16 * Includes Belgium, France, Spain and the Netherlands 16 * (Thousand tons 16 6

8 Market Data Market Data (Japan) LNG consumption by sector (Japan) LNG (Thousand tons 8, 6, 54,5 N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. 4,, Industrial fuels 667 N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. City gas 15,989 15,84 16,647 17,625 18,878,539 23,288 24,697 24,148 23,847 25,321 26,15 26,36 25,771 26,216 Electric power 37,844 38,175 37,914 39,63 37,17 34,641 38,177 42,16 41,35 4,89 42,393 53,561 56,431 57,35 57,49 Total 54,5 N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. Imports 54,157 54,421 55,18 58,538 58,18 57,917 63,39 68,36 68,135 66,354 7,562 83,183 86,865 87,731 89,73 Source: Handbook of Energy and Economics Statistics in Japan (Thousand tons Breakdown of city gas production, purchases in Japan by raw material source 1 9 kcal 5, 4, 3, 253, , ,5 289,791 37, ,14 348,752 37, ,58 351, , , , ,497 39,319, 1, 1 9 kcal Others Natural gas 14,581 14,88 16,191 17,416 18,33,455 23,299 29,513 28,932 27,518 27,246 27,273 26,133 24,184 27,81 LNG LNG 6, ,3 234, , ,43 293, , , , , ,76 336, ,33 346, ,729 Coal-based gas 2,287 1,855 1,882 1, based gas 3,13 27,552 26,493 22,388,862 18,333 12,413 12,185 11,296 11,465 12,533 13,432 13,742 14,16 14,777 Total 253, , ,5 289,791 37, ,14 348,752 37, ,58 351, , , , ,497 39,319 Source: Handbook of Energy and Economics Statistics in Japan sales volume by sector (Japan) 1 9 kcal 4, 324, ,619 3, 274, ,146 31,382 25, ,56 358, ,5 338, ,81 359, , ,939 37,998, 1, 1 9 kcal Others 21,6 21,834 23,924 24,494 26,784 28,589 27,62 29,267 28,5 28,857 31,253 29,696 29,986 3,371 29,487 Industrial 93,443 97,626 11,229 1,33 132, ,88 164, , , ,69 176, ,79 19, ,38 2,541 Commercial 4,612 41,42 43,458 44,285 47,115 48,919 47,853 49,444 47,64 46,161 47,386 44,797 44,997 44,721 43,153 Residential 94,912 93,554 96,727 97,64 94,631 99,275 97,649 98,728 96,458 96,287 97,889 97,914 97,986 95,538 95,817 Total 25, ,56 274, ,146 31, , , , ,5 338, ,81 359, , ,939 37,998 Source: Handbook of Energy and Economics Statistics in Japan INPEX CORPORATION Fact Book 16

9 Index Data Profitability Indices (Consolidated) ( million ) Years ended March Net sales 969,712 1,2,965 1,76,164 84, ,8 1,186,731 1,216,533 1,334,625 1,171,226 1,9,564 67,4 783,465 65, ,9 557,91 726, , ,753 73, ,241 Natural gas 332, ,9 398, , , ,65 397, , , ,761 Other 29,375 28,49 27,545 27,94 28,921 31,443 3,631,457 18,944 13,561 Cost of sales 343,794 39, ,38 298, , , ,326 49, , ,757 Gross profit 625, ,41 757, ,259 68, ,288 79,6 844,9 645, ,86 Operating income 559,77 714, , , ,742 79, , ,61 534,886 39,139 Net income attributable to owners of parent million million million 1,5, 1,334,625 6, 1,, 1,216,533 1,2,965 1,186,731,457 1,171,226 49, , , ,41 844,9 791,288 1,, 28,49 1,76,164 31,443 3,631 8, 757,126 79,6 18, , ,8 1,9,564 45, 426,326 68,247 27, ,414 39, , % 64.5% 66.7% 13, ,442 29, ,9 84,427 28, ,766 9, 429,65 421, , ,833 6, 398,266 27,94 319, % 7.4% 542, , , , % 3, 356,247 6, 326,412 4, 3, 67,4 783,465 65, ,9 557,91 726, ,91 173, ,62 17,21 128, , 182, ,69 77,8 16,777 EBIDAX* EBIDAX* 321, , , , , ,595 35,9 42,178 33, ,896 Gross margin 64.5% 67.5% 7.4% 64.5% 64.5% 66.7% 65.% 63.3% 55.1% 47.8% Operating margin 57.7% 59.4% 61.6% 54.9% 56.2% 59.8% 57.% 55.% 45.7% 38.6% Net margin 17.% 14.4% 13.5% 12.8% 13.6% 16.3% 15.% 13.8% 6.6% 1.7% * Earnings before interest, depreciation and amortization, and exploration Net sales 788, ,753 73, ,241 Cost of sales 15, * Gross profit, Gross margin, 65.% 63.3% 645, , % 47.8% % Index Data 7/3 8/3 9/3 1/3 11/3 12/3 13/3 14/3 15/3 16/3 7/3 8/3 9/3 1/3 11/3 12/3 13/3 14/3 15/3 16/3 7/3 8/3 9/3 1/3 11/3 12/3 13/3 14/3 15/3 16/3 Other Gross profit Natural gas Gross margin Operating income, Operating margin million 8, 6, 4,, 714, , ,61 79, , ,77 529, % 54.9% 56.2% 57.% 55.% 534, % 59.4% 61.6% 461,667 39, % % million 8 6 4, 15, 1, 5, % million 7/3 8/3 9/3 1/3 11/3 12/3 13/3 14/3 15/3 16/3 7/3 8/3 9/3 1/3 11/3 12/3 13/3 14/3 15/3 16/3 7/3 8/3 9/3 1/3 11/3 12/3 13/3 14/3 15/3 16/3 Operating income Operating margin 38.6% Net income attributable to owners of parent, Net margin 173, ,91 145,62 17,21 128, % 14.4% 13.5% 12.8% 13.6% Net income attributable to owners of parent Net margin 194, 182, , % 15.% 13.8% 77,8 6.6% 16, % EBIDAX EBIDAX 4, 3,, 1, 321, , , , , ,595 35,9 42,178 33, ,896 EBIDAX = Net income (including non-controlling interests) + Deferred tax + (1 Tax rate) x (Interest expense Interest income) + Exchange profit and loss + Depreciation and amortization + Amortization of goodwill + Recovery of recoverable accounts under production sharing (capital expenditures) + Exploration expenses + Provision for exploration projects + Provision for allowance for recoverable accounts under production sharing + Impairment loss Gross margin = Gross profit / Net sales Operating margin = Operating income / Net sales Net margin = Net income attributable to owners of parent / Net sales EBIDAX

10 Index Data Efficiency Indices (Consolidated) Years ended March Total assets turnover (Times) Net assets turnover (Times) Return on equity (ROE) ROE 17.7% 15.8% 11.9% 8.1% 7.6% 9.3% 7.9% 7.% 2.7%.6% Net return on average capital employed (Net ROACE) ROACE.4% 21.4% 14.6% 1.5% 1.8% 16.% 11.2% 8.6% 2.7% (1.%) Return on assets (ROA) ROA 1.9% 1.1% 8.1% 5.7% 5.5% 6.8% 5.5% 4.8% 1.8%.4% Return on equity (ROE) ROE Return on assets (ROA) ROA % 17.7% % 15.8% % % 7.6% 9.3% 7.9% 7.% 2.7% % 1.1% 8.1% 5.7% 5.5% 6.8%.6% 5.5% 4.8% 1.8%.4% 7/3 8/3 9/3 1/3 11/3 12/3 13/3 14/3 15/3 16/3 7/3 8/3 9/3 1/3 11/3 12/3 13/3 14/3 15/3 16/3 Productivity Indices (Consolidated) ( million ) Years ended March Number of employees (End of the fiscal year) 1,672 1,724 1,814 1,87 1,854 2,146 2,455 2,874 3,178 3,449 Net sales per employee Operating income per employee Ordinary income per employee Net income per employee Number of employees (End of the fiscal year) Net sales per employee Net income per employee Employees 4, 3, 2, 1,672 1,724 1,814 1,87 1,854 2,455 2,146 3,449 3,178 2,874 million million , /3 8/3 9/3 1/3 11/3 12/3 13/3 14/3 15/3 16/3 7/3 8/3 9/3 1/3 11/3 12/3 13/3 14/3 15/3 16/3 7/3 8/3 9/3 1/3 11/3 12/3 13/3 14/3 15/3 16/3 5 Total assets turnover = Net sales / Average of total assets at the beginning and end of the fiscal year Net assets turnover = Net sales / Average of net assets at the beginning and end of the fiscal year ROE = Net income attributable to owners of parent / Average of net assets excluding non-controlling interests* at the beginning and end of the fiscal year Net ROACE = (Net income (including non-controlling interests) + (Interest expense Interest income) (1 Tax rate)) / Average of sum of net assets and net debt* at the beginning and end of the fiscal year ROA = Net income attributable to owners of parent / Average of total assets at the beginning and end of the fiscal year * See page 1 Net sales per employee = Net sales / Average number of employees at the beginning and end of the fiscal year Operating income per employee = Operating income / Average number of employees at the beginning and end of the fiscal year Ordinary income per employee = Ordinary income / Average number of employees at the beginning and end of the fiscal year Net income per employee = Net income attributable to owners of parent / Average number of employees at the beginning and end of the fiscal year = = ROE * ( ROACE) + 1* ROA *1 9 INPEX CORPORATION Fact Book 16

11 Stability Indices (Consolidated) ( million ) Years ended March Total assets 1,68,16 1,87,9 1,768,44 2,13,778 2,68,379 3,66,397 3,616,158 4,38,139 4,499,153 4,369,841 Net assets excluding non-controlling interests 1,28,894 1,157,37 1,271,122 1,387,499 1,996,888 2,179,251 2,481,292 2,791,18 3,66,68 2,932,892 Interest-bearing debt 248, ,87 164,246 24, , , , , , ,567 Net debt (169,664) (328,351) (324,18) (349,211) (688,86) (874,116) (815,36) (725,329) (472,194) (239,311) Equity ratio 64.% 64.% 71.9% 68.9% 74.5% 71.1% 68.6% 69.1% 68.2% 67.1% Current ratio 178% 174% % 216% 194% 247% 267% 34% 368% 38% Fixed ratio 11% 17% 17% 11% 11% 99% 11% 14% 13% 115% D/E ratio 24.2% 16.8% 12.9% 17.3% 13.7% 14.6% 19.2%.9% 22.1% 25.3% Interest-bearing debt / Total capital employed 18.7% 13.5% 1.8% 13.9% 11.5% 12.1% 15.1% 16.3% 17.1% 18.9% Net debt / Net total capital employed (18.6%) (36.1%) (31.2%) (3.6%) (48.9%) (6.7%) (43.9%) (31.9%) (16.8%) (8.1%) Total assets million 4,8, 3,6, 2,4, 1,, 1,87,9 2,13,778 1,768,44 1,68,16 2,68,379 3,66,397 3,616,158 4,499,153 4,369,841 4,38,139 Net assets excluding non-controlling interests, Equity ratio million 3,5, 2,8, 2,1, 1,4, 7, 64.% 64.% 1,387,499 1,271,122 1,157,37 1,28,894 3,66,68 2,932, % 68.9% 74.5% 2,791, % 2,481,292 1,996,888 2,179, % 69.1% 68.2% 67.1% Interest-bearing debt, D/E ratio % million , 6, 4,, 24.2% 16.8% 17.3% 12.9% 273, , ,969 24, , % 14.6% 164, , , %.9% 741, , % 25.3% % Index Data 7/3 8/3 9/3 1/3 11/3 12/3 13/3 14/3 15/3 16/3 7/3 8/3 9/3 1/3 11/3 12/3 13/3 14/3 15/3 16/3 7/3 8/3 9/3 1/3 11/3 12/3 13/3 14/3 15/3 16/3 Net assets excluding non-controlling interests Interest-bearing debt Equity ratio D/E ratio Current ratio Fixed ratio Net debt, Net debt / Net total capital employed % 45 % million 25, % % 174% % 216% 194% 247% 267% 34% 368% 38% % 17% 17% 11% 11% 115% 99% 11% 14% 13% 25, 5, 75, 169, , ,18-349, ,86-874, ,36-725, , , % 8.1% 18.6% 31.9% 31.2% 3.6% 48.9% 43.9% 36.1% 6.7% 4 6 7/3 8/3 9/3 1/3 11/3 12/3 13/3 14/3 15/3 16/3 7/3 8/3 9/3 1/3 11/3 12/3 13/3 14/3 15/3 16/3 1,, 7/3 8/3 9/3 1/3 11/3 12/3 13/3 14/3 15/3 16/3 8 Net debt Net debt / Net total capital employed Net assets excluding non-controlling interests = Net assets Non-controlling interests Interest-bearing debt = Short-term loans + Long-term debt Net debt = Interest-bearing debt Cash and cash equivalents Time deposits Certificate of deposits Public and corporate bonds and other debt securities with determinable value Long-term time deposits Equity ratio = Net assets excluding non-controlling interests / Total assets Current ratio = Current assets / Current liabilities Fixed ratio = Fixed assets / Net assets excluding non-controlling interests D/E ratio = Interest-bearing debt / Net assets excluding non-controlling interests Interest-bearing debt / Total capital employed = Interest-bearing debt / (Net assets + Interest-bearing debt) Net debt / Net total capital employed = Net debt / (Net assets + Net debt) 16 1

12 Index Data Performance Indices (Consolidated) Years ended March Earnings per share (EPS) EPS Net assets excluding noncontrolling interests per share 1, , , , , , , , , ,8.34 Cash flow per share Cash dividends per share Price earnings ratio (PER) (Times) PER Price book-value ratio (PBR) (Times) PBR Price cash flow ratio (PCFR) (Times) PCFR Payout ratio 9.9% 1.2% 13.% 12.1% 14.7% 13.2% 14.% 14.3% 33.8% 156.7% Earnings per share (EPS) EPS /3 8/3 9/3 1/3 11/3 12/3 13/3 14/3 15/3 16/3 Cash dividends per share /3 8/3 9/3 1/3 11/3 12/3 13/3 14/3 15/3 16/3 Price earnings ratio (PER) PER Times /3 8/3 9/3 1/3 11/3 12/3 13/3 14/3 15/3 16/3 Price book-value ratio (PBR) PBR Price cash flow ratio (PCFR) PCFR Payout ratio Times 4 Times % % % 1.2% 13.% 12.1% 14.7% 13.2% 14.% 14.3% 33.8% 7/3 8/3 9/3 1/3 11/3 12/3 13/3 14/3 15/3 16/3 7/3 8/3 9/3 1/3 11/3 12/3 13/3 14/3 15/3 16/3 7/3 8/3 9/3 1/3 11/3 12/3 13/3 14/3 15/3 16/3 EPS = Net income attributable to owners of parent / Average number of shares during the fiscal year Net assets excluding non-controlling interests per share = Net assets excluding non-controlling interests / Number of shares issued at the end of the fiscal year Cash flow per share = Cash flow from operating activities / Average number of shares during the fiscal year PER = Stock price (end of the fiscal year) / EPS PBR = Stock price (end of the fiscal year) / Net assets excluding non-controlling interests per share PCFR = Stock price (end of the fiscal year) / Cash flow per share Payout ratio = Cash dividends per share / EPS The Company conducted a stock split at a ratio of 1:4 of common stock with October 1, 13 as the effective date. Amounts per share are calculated based on the assumption that the stock split was conducted on April 1, INPEX CORPORATION Fact Book 16

13 Reserves / Production Indices (Consolidated) Years ended March Net proved reserves (MMboe) 1,77 1,645 1,598 1,475 1,38 2,432 2,188 2,532 2,434 3,264 Net probable reserves (MMboe) 1,959 2,721 3,176 2,929 2,818 1,823 1,97 1,945 1,61 1,75 Net production (Thousand boe/day) Reserves to production ratio (Years) Proved reserves Proved reserves + Probable reserves Reserve replacement ratio (3-year average, %) 3 % 293% 122% 61% 35% 25% 282% 255% 37% 1% 321% Average expenses per boe produced (U.S.$) 1 Production cost Production cost (Excluding royalty) Selling, general and administrative expenses Finding and development cost per boe 1 (3-year average, U.S.$) Exploration success ratio (3-year average, %) 3 % 32.8% 57.9% 56.3% 64.5% 46.8% 5.6% 45.% 59.5% 52.9% 45.3% Net proved reserves, Net probable reserves MMboe 5, 4,774 4,97 4,366 3,176 4,44 4,477 1,75 4,126 4,256 4, 3,728 2,721 2,929 4,95 1,945 4,44 1,823 2,818 1,97 1,61 1,959 3, 2, 1, 1,77 1,645 1,598 1,475 1,38 2,432 2,188 2,532 2,434 3,264 Reserves to production ratio (Proved reserves, Proved reserves + Probable reserves) Years Reserve replacement ratio (3-year average, %) 3 % % % 122% 61% 35% 25% 282% 255% 37% 1% 321% Index Data 7/3 8/3 9/3 1/3 11/3 12/3 13/3 14/3 15/3 16/3 Net probable reserves Net proved reserves Average expenses per boe produced Production cost, Selling, general and administrative expenses 1 U.S.$ /3 8/3 9/3 1/3 11/3 12/3 13/3 14/3 15/3 16/3 Production cost Production cost (Excluding royalty) Selling, general and administrative expenses /3 8/3 9/3 1/3 11/3 12/3 13/3 14/3 15/3 16/3 U.S.$ 6.9 Proved reserves + Probable reserves Proved reserves Finding and development cost per boe (3-year average, U.S.$) /3 8/3 9/3 1/3 11/3 12/3 13/3 14/3 15/3 16/ % /3 8/3 9/3 1/3 11/3 12/3 13/3 14/3 15/3 16/3 Exploration success ratio (3-year average, %) 3 % 32.8% 57.9% 56.3% 64.5% 46.8% 5.6% 45.% 59.5% 52.9% 45.3% 7/3 8/3 9/3 1/3 11/3 12/3 13/3 14/3 15/3 16/3 Reserves to production ratio (Years) = Reserves as of the end of the fiscal year / Production in the fiscal year Reserve replacement ratio = Proved reserves increase including acquisition / Production Finding and development cost per boe = The sum of total costs incurred for exploration and development of oil and gas fields and total costs incurred for acquisitions / The sum of proved reserve extensions, acquisitions and revisions Exploration success ratio = The number of net productive exploratory wells drilled / The number of net exploratory wells drilled Exploratory well: An exploratory well is a well drilled to find a new field, to find a new reservoir in a field previously found to be productive of oil or gas in another reservoir or to extend the limits of a known reservoir. ( )= = 1 = = : 17 Please refer to the footnotes on page

14 Operating Data Oil and Reserves Proved reserves Japan Asia & Oceania Eurasia (Europe & NIS) NIS Middle East & Africa (MMbbl) (Bcf) cf Interest in reserves held by equitymethod Americas Subtotal affiliates Total As of March 31, , , ,139 3,782 Extensions and discoveries Acquisitions and sales Revisions of previous estimates () () (77) (5) (5) 1 (1) (75) (4) (8) (14) (83) Interim production (1) (59) (13) (39) () (3) () (29) (64) (397) (23) (88) (397) As of March 31, , , ,88 3,346 Extensions and discoveries (2) (1) Acquisitions and sales (12) 6 5 (6) 5 (6) 5 Revisions of previous estimates () (14) (3) (1) (1) Interim production (1) (6) (16) (37) (9) (3) (1) (3) (57) (397) (23) (81) (397) As of March 31, , , ,48 3,3 INPEX CORPORATION and consolidated subsidiaries As of March 31, , ,795 Extensions and discoveries 5 5 Acquisitions and sales Revisions of previous estimates (1) Interim production (1) (57) (17) (319) (1) (27) (2) (32) (57) (48) As of March 31, , ,495 Interest in reserves held by equity-method affiliates As of March 31, Extensions and discoveries Acquisitions and sales Revisions of previous estimates () (3) (2) (1) () (2) (3) Interim production () (21) (1) () (22) () As of March 31, As of March 31, , ,97 INPEX CORPORATION and consolidated subsidiaries As of March 31, , ,495 Extensions and discoveries Acquisitions and sales (6) (37) 7 (3) (2) (37) Revisions of previous estimates 4 (1) 6 (3) 2 8 (98) Interim production (1) (46) (24) (35) (1) (27) (1) (3) (63) (38) As of March 31, , ,98 Interest in reserves held by equity-method affiliates As of March 31, Extensions and discoveries Acquisitions and sales Revisions of previous estimates 16 (1) (1) 16 Interim production () () (23) (2) () (24) (21) As of March 31, As of March 31, , ,451 INPEX CORPORATION and consolidated subsidiaries As of March 31, , ,98 Extensions and discoveries 19 5, ,364 Acquisitions and sales (2) (2) Revisions of previous estimates (13) 1 59 (7) 327 Interim production (1) (47) (23) (243) (9) (31) () (26) (64) (316) As of March 31, , ,354 Interest in reserves held by equity-method affiliates As of March 31, Extensions and discoveries Acquisitions and sales Revisions of previous estimates 1 (9) (7) () (6) (9) Interim production () (22) (26) (2) () (27) (23) As of March 31, As of March 31, , ,793 INPEX CORPORATION and consolidated subsidiaries As of March 31, , ,354 Extensions and discoveries Acquisitions and sales (24) (698) 9 7 (15) (691) Revisions of previous estimates 7 (1) (92) () Interim production (1) (49) (21) (212) (9) (31) () (24) (63) (284) As of March 31, , ,454 Interest in reserves held by equity-method affiliates As of March 31, Extensions and discoveries Acquisitions and sales 1 1 Revisions of previous estimates (116) (116) Interim production () (19) (27) (27) (19) As of March 31, As of March 31, , ,768 (continued on page 14) INPEX CORPORATION Fact Book 16

15 (continued from page 13) 13 INPEX CORPORATION and consolidated subsidiaries As of March 31, , ,454 Extensions and discoveries Acquisitions and sales Revisions of previous estimates () (8) (15) 2 () 7 23 (4) Interim production (1) (46) (17) (217) (1) (31) () (37) (59) (3) As of March 31, , ,157 6,437 Interest in reserves held by equity-method affiliates As of March 31, Extensions and discoveries Acquisitions and sales Revisions of previous estimates (1) (1) 3 (1) 1 (1) Interim production () (15) (3) () () (31) (15) As of March 31, As of March 31, , ,278 6,735 INPEX CORPORATION and consolidated subsidiaries As of March 31, , ,157 6,437 Extensions and discoveries Acquisitions and sales (9) (269) 1 1 (8) (268) Revisions of previous estimates () (9) (16) () 29 (2) 14 Interim production (1) (42) (15) (217) (1) (31) () (38) (58) (296) As of March 31, , ,123 6,258 Interest in reserves held by equity-method affiliates As of March 31, Extensions and discoveries 5 5 Acquisitions and sales Revisions of previous estimates () 9 (1) (3) () (4) 8 Interim production () (24) (31) (1) () (31) (24) As of March 31, As of March 31, , ,213 6,561 INPEX CORPORATION and consolidated subsidiaries As of March 31, , ,123 6,258 Extensions and discoveries Acquisitions and sales Revisions of previous estimates () 1 (73) 3 (6) 37 () (16) 41 (24) Interim production (1) (44) (17) (243) (12) (32) (2) (32) (64) (319) As of March 31, , , ,75 5,7 Interest in reserves held by equity-method affiliates As of March 31, Extensions and discoveries 2 2 Acquisitions and sales Revisions of previous estimates () 44 9 () () 9 44 Interim production () (22) (32) (1) () (33) (22) As of March 31, As of March 31, , , ,143 6,25 Operating Data Proved developed reserves Japan Asia & Oceania Eurasia (Europe & NIS) NIS Middle East & Africa (MMbbl) (Bcf) cf Interest in reserves held by equitymethod Americas Subtotal affiliates Total As of March 31, , , ,134 As of March 31, , , ,7 As of March 31, , ,799 INPEX CORPORATION and consolidated subsidiaries As of March 31, , ,58 As of March 31, ,757 As of March 31, ,514 As of March 31, ,375 As of March 31, ,96 As of March 31, ,146 As of March 31, , , Interest in reserves held by equity-method affiliates As of March 31, As of March 31, As of March 31, As of March 31, As of March 31, As of March 31, As of March 31, * The amount of proved reserves expected to be recovered through existing wells with existing equipment and operating methods * 16 14

16 Operating Data Oil and Reserves Proved undeveloped reserves Japan Asia & Oceania Eurasia (Europe & NIS) NIS Middle East & Africa Americas (MMbbl) (Bcf) cf INPEX CORPORATION and consolidated subsidiaries As of March 31, As of March 31, As of March 31, , ,84 As of March 31, , ,79 As of March 31, , ,341 As of March 31, , ,112 As of March 31, , ,796 Interest in reserves held by equity-method affiliates As of March 31, As of March 31, As of March 31, As of March 31, () As of March 31, As of March 31, As of March 31, Total Probable reserves Japan Asia & Oceania Eurasia (Europe & NIS) NIS Middle East & Africa (MMbbl) (Bcf) cf Interest in reserves held by equitymethod Americas Subtotal affiliates Total As of March 31, , , ,61 2,95 As of March 31, , ,1 8, ,274 8,682 As of March 31, , ,487 9, ,63 9,442 As of March 31, , ,434 8, ,476 8,716 As of March 31, , ,358 8, ,393 8,554 As of March 31, , , ,38 As of March 31, , , ,275 As of March 31, , , ,27 As of March 31, , , ,987 As of March 31, , , ,74 Possible reserves Japan Asia & Oceania Eurasia (Europe & NIS) NIS Middle East & Africa (MMbbl) (Bcf) cf Interest in reserves held by equitymethod Americas Subtotal affiliates Total As of March 31, , , ,316 As of March 31, , , ,196 As of March 31, , , ,692 As of March 31, , , ,556 As of March 31, , , ,556 As of March 31, , , ,493 As of March 31, , , ,388 Standardized measure of discounted future net cash flows related to proved oil and gas reserves 15 INPEX CORPORATION Fact Book 16 Total Japan Asia & Oceania Eurasia (Europe & NIS) NIS Middle East & Africa ( million ) As of March 31, INPEX CORPORATION and consolidated subsidiaries Future cash inflows 8,54, ,449 2,645,392 1,444,92 3,612,733 22,81 Future production and development costs (2,586,449) (143,763) (863,273) (425,72) (1,141,377) (12,964) Future income tax expenses (3,43,774) 121,435 (765,81) (232,138) (2,38,577) (2,823) Future net cash flows 2,523,63 549,251 1,16, , ,779 7,23 1% annual discount for estimated timing of cash flows 1% (1,239,469) (35,57) (386,7) (45,) (95,95) (1,65) Standardized measure of discounted future net cash 1,283, ,744 63, ,492 66,874 5,373 Share of equity-method investees standardized measure of discounted future net cash flows 63,534 37,916 22,981 2,637 As of March 31, INPEX CORPORATION and consolidated subsidiaries Future cash inflows 1,784,73 879,942 3,55,125 2,3,128 4,792,848 26,3 Future production and development costs (2,693,818) (153,954) (751,518) (487,55) (1,279,92) (,894) Future income tax expenses (4,882,34) (145,218) (1,11,368) (384,543) (3,339,299) (1,912) Future net cash flows 3,7,915 58,77 1,292,239 1,158,35 173,647 3,224 1% annual discount for estimated timing of cash flows 1% (1,583,464) (31,255) (423,485) (765,939) (82,64) (1,181) Standardized measure of discounted future net cash 1,624,451 27, , ,96 91,43 2,43 Share of equity-method investees standardized measure of discounted future net cash flows 77,355 43,219 18,68 15,456 (continued on page 16) 16 Americas

17 (continued from page 15) 15 As of March 31, INPEX CORPORATION and consolidated subsidiaries Future cash inflows 5,89, ,124 1,547, ,338 2,34,41 52,854 Future production and development costs (2,179,952) (141,3) (76,891) (425,575) (876,844) (29,439) Future income tax expenses (1,74,618) (169,144) (341,36) (89,52) (1,98,893) (6,493) Future net cash flows 1,4, , , ,711 58,664 16,922 1% annual discount for estimated timing of cash flows 1% (617,598) (178,323) (172,777) (214,198) (48,74) (3,596) Standardized measure of discounted future net cash 586, , ,745 59,513 9,96 13,326 Share of equity-method investees standardized measure 26,275 12,888 13,476 (89) of discounted future net cash flows As of March 31, INPEX CORPORATION and consolidated subsidiaries Future cash inflows 6,194, ,648 1,77,919 1,15,581 2,781,641 58,663 Future production and development costs (2,159,84) (128,497) (648,877) (485,115) (87,46) (27,36) Future income tax expenses (2,548,2) (117,1) (449,341) (149,413) (1,8,429) (11,837) Future net cash flows 1,486, ,95 69,71 516,53 91,166 19,5 1% annual discount for estimated timing of cash flows 1% (79,314) (121,312) (189,9) (337,759) (56,669) (4,483) Standardized measure of discounted future net cash 777,77 128,638 4, ,294 34,497 15,37 Share of equity-method investees standardized measure of discounted future net cash flows Future cash inflows 1,439,84 83,54 1,329,955 25,625 Future production and development costs (59,279) (29,38) (464,24) (15,659) Future income tax expenses (856,117) (19,192) (835,636) (1,289) Future net cash flows 73,688 34,932 3,79 8,677 1% annual discount for estimated timing of cash flows 1% (37,25) (18,384) (16,9) (1,74) Standardized measure of discounted future net cash 36,663 16,548 13,179 6,937 Total of standardized measure of discounted future net 813,74 128, , ,294 47,676 21,974 cash flows As of March 31, INPEX CORPORATION and consolidated subsidiaries Future cash inflows 6,35,23 539,869 1,59,216 1,383,629 2,86,37 3,9 Future production and development costs (1,913,933) (117,393) (449,736) (494,241) (833,128) (19,434) Future income tax expenses (2,686,247) (139,424) (478,851) (179,337) (1,886,511) (2,125) Future net cash flows 1,75,5 283,52 661,63 71,51 86,667 8,65 1% annual discount for estimated timing of cash flows 1% (749,379) (128,557) (174,49) (394,948) (49,389) (1,994) Standardized measure of discounted future net cash 1,, , ,14 315,13 37,278 6,656 Share of equity-method investees standardized measure of discounted future net cash flows Future cash inflows 1,397,434 11,144 1,276,469 19,821 Future production and development costs (448,355) (49,888) (39,13) (8,338) Future income tax expenses (866,698) (15,943) (847,664) (3,91) Future net cash flows 82,381 35,314 38,676 8,392 1% annual discount for estimated timing of cash flows 1% (33,395) (15,436) (17,282) (677) Standardized measure of discounted future net cash 48,986 19,878 21,393 7,715 Total of standardized measure of discounted future net 1,49, ,495 57,17 315,13 58,671 14,37 cash flows As of March 31, INPEX CORPORATION and consolidated subsidiaries Future cash inflows 12,233,12 841,649 6,37,993 1,585,214 3,399,632 35,524 Future production and development costs (3,931,9) (161,211) (2,427,986) (378,658) (94,94) (22,295) Future income tax expenses (4,84,117) (242,127) (1,921,324) (267,983) (2,37,85) (2,597) Future net cash flows 3,497,85 438,311 2,21, ,573 88,66 1,632 1% annual discount for estimated timing of cash flows 1% (2,253,957) (219,41) (1,445,374) (538,165) (47,863) (3,153) Standardized measure of discounted future net cash 1,243, ,91 576,38 4,48 4,743 7,478 Share of equity-method investees standardized measure of discounted future net cash flows Future cash inflows 1,495,119 15,683 1,379,368 1,69 Future production and development costs (456,429) (56,512) (394,71) (5,216) Future income tax expenses (954,555) (,714) (932,8) (1,21) Future net cash flows 84,136 28,457 51,846 3,832 1% annual discount for estimated timing of cash flows 1% (29,669) (11,663) (17,761) (246) Standardized measure of discounted future net cash 54,466 16,794 34,86 3,586 Total of standardized measure of discounted future net 1,298, ,91 593,13 4,48 74,829 11,65 cash flows As of March 31, INPEX CORPORATION and consolidated subsidiaries Future cash inflows 12,788,34 96,873 6,238,258 1,72,492 3,736, ,658 Future production and development costs (4,119,855) (176,39) (2,242,999) (438,236) (1,188,643) (73,669) Future income tax expenses (5,57,27) (277,685) (2,78,271) (265,673) (2,417,554) (18,87) Future net cash flows 3,61,99 56,879 1,916, ,583 13,557 57,93 1% annual discount for estimated timing of cash flows 1% (2,264,436) (244,27) (1,369,592) (545,223) (8,178) (25,172) Standardized measure of discounted future net cash 1,346, ,69 547, ,359 5,379 32,731 Share of equity-method investees standardized measure of discounted future net cash flows Future cash inflows 1,696, ,545 1,47,87 57,537 Future production and development costs (566,833) (76,271) (446,72) (44,49) Future income tax expenses (974,897) (47,627) (925,68) (1,662) Future net cash flows 155,159 44,647 99,127 11,385 1% annual discount for estimated timing of cash flows 1% (63,444) (31,381) (28,798) (3,265) Standardized measure of discounted future net cash 91,715 13,266 7,33 8,119 1,438, ,69 56, ,359 1,78 4,85 Total of standardized measure of discounted future net cash flows (continued on page 17) Operating Data

18 Operating Data Oil and Reserves (continued from page 16) 16 As of March 31, INPEX CORPORATION and consolidated subsidiaries Future cash inflows 17,341,495 1,216,7 6,1,999 1,83,647 8,114, ,157 Future production and development costs (5,214,355) (232,16) (2,22,74) (475,798) (2,43,435) (53,942) Future income tax expenses (7,756,3) (39,578) (1,791,151) (294,4) (5,27,57) (9,589) Future net cash flows 4,371, ,16 2,197,774 1,6, ,5 14,627 1% annual discount for estimated timing of cash flows 1% (2,724,139) (353,477) (1,399,641) (638,328) (31,93) (3,79) Standardized measure of discounted future net cash 1,646,972 24, , , ,146 73,837 Share of equity-method investees standardized measure of discounted future net cash flows Future cash inflows 1,52, ,531 1,283,45 46,694 Future production and development costs (559,626) (1,5) (422,426) (36,681) Future income tax expenses (87,541) (37,642) (768,867) (1,32) Future net cash flows 135,58 34,369 92,158 8,981 1% annual discount for estimated timing of cash flows 1% (34,528) (18,128) (13,834) (2,566) Standardized measure of discounted future net cash 1,98 16,242 78,324 6,414 Total of standardized measure of discounted future net 1,747,952 24, , ,316 19,471 8,252 cash flows As of March 31, INPEX CORPORATION and consolidated subsidiaries Future cash inflows 16,826,527 1,373,83 6,518,619 1,787,325 6,935, ,485 Future production and development costs (5,4,75) (279,282) (2,143,4) (563,719) (2,373,944) (6,45) Future income tax expenses (6,619,499) (379,336) (1,792,785) (235,731) (4,,93) (1,718) Future net cash flows 4,786, ,212 2,582, ,875 36,395 14,363 1% annual discount for estimated timing of cash flows 1% (2,74,756) (414,963) (1,445,9) (552,389) (288,615) (39,699) Standardized measure of discounted future net cash 2,45,522 3,249 1,137, ,486 71,78 1,663 Share of equity-method investees standardized measure of discounted future net cash flows Future cash inflows 1,283, ,759 89,5 8,579 Future production and development costs (578,892) (117,127) (453,38) (8,457) Future income tax expenses (538,253) (128,356) (49,898) Future net cash flows 166, ,276 27, % annual discount for estimated timing of cash flows 1% (82,534) (78,62) (4,453) (19) Standardized measure of discounted future net cash 84,179 61,214 22, Total of standardized measure of discounted future net 2,129,71 3,249 1,198, ,486 94,643 1,766 cash flows As of March 31, INPEX CORPORATION and consolidated subsidiaries Future cash inflows 14,328, ,158 3,742,129 89,247 8,753,54 68,239 Future production and development costs (6,88,7) (211,896) (1,716,381) (511,299) (3,612,235) (36,26) Future income tax expenses (5,531,24) (238,524) (334,222) (27,372) (4,93,97) Future net cash flows 2,79,219 54,739 1,691,527 27,576 21,399 31,979 1% annual discount for estimated timing of cash flows 1% (1,728,279) (289,832) (1,65,735) (131,228) (233,386) (8,98) Standardized measure of discounted future net cash 98, ,97 625, ,347 (22,987) 23,881 Share of equity-method investees standardized measure of discounted future net cash flows Future cash inflows 624, , ,237 Future production and development costs (339,324) (136,523) (,362) (2,439) Future income tax expenses (196,338) (52,679) (143,658) Future net cash flows 89,26 76,483 15,216 (2,439) 1% annual discount for estimated timing of cash flows 1% (42,538) (41,347) (1,35) 113 Standardized measure of discounted future net cash 46,723 35,136 13,912 (2,325) 1,27, ,97 66, ,347 (9,75) 21,556 Total of standardized measure of discounted future net cash flows Notes: 1. The reserves cover most of the INPEX Group projects including the equity-method affiliates. The reserves from the year ended March 31, 7 to the year ended March 31, 1 were evaluated by DeGolyer & MacNaughton, and from the year ended March 31, 11 the reserves of projects which are expected to be invested a large amount and affect the Company s future results materially are evaluated by DeGolyer & MacNaughton, and the others are done internally. 2. Proved reserves are evaluated in accordance with SEC regulations. 3. Probable reserves are the sum of proved reserves and probable reserves evaluated in accordance with SPE/WPC/AAPG/SPEE guideline Petroleum Resources Management System 7 (PRMS) approved in March 7 after deduction of proved reserves evaluated in accordance with SEC regulations. Probable reserves as of March 31, 7 are evaluated in accordance with the guideline established by SPE and WPC (1997 SPE/WPC). Probable reserves include reserves of bitumen. 4. Possible reserves are evaluated in accordance with PRMS. Possible reserves also include reserves of bitumen. 5. Disclosure details for the standardized measure of discounted future net cash flows related to proved oil and gas reserves and movements during the fiscal year under review are presented in accordance with the rules and regulations stipulated by the U.S. Financial Accounting Standards Board, and are reported in accordance with Accounting Standard Codification Topic 932 Extractive activities Oil and. In calculating the standardized measure of discounted future net cash flows, the period average of oil and gas prices at the first day of each month as well as period-end costs are applied to the estimated annual future production from proved reserves to determine future cash inflows. Future development costs are estimated based upon constant price assumptions and assume the continuation of existing economic, operating and regulatory conditions. Future income taxes are calculated by applying the period-end statutory rate to estimated future pretax cash flows after provision for taxes on the cost of oil and natural gas properties based upon existing laws and regulations. The discount is computed by applying a 1% discount factor to the estimated future net cash flows. 6. includes condensate and LPG. 7. The exchange rates as of March 31, 7, 8, 9, 1, 11, 12, 13, 14, 15 and 16 are the TTM rate of 118.9, 1., 98.26, 93.4, 83.15, 82.14, 93.99, 12.92, 1.27 and per U.S.$, respectively. 8. The figures in these tables include non-controlling interests. : DeGolyer & MacNaughton 11 3 DeGolyer & MacNaughton 2.SEC 3. SPEWPCAAPG SPEE4 Petroleum Resources Management System 7(PRMS) SEC 7 3 SPEWPC (1997 SPE/ WPC) 4. PRMS % 6. LPG , 93.99, INPEX CORPORATION Fact Book 16

19 Changes in the standardized measure of discounted future net cash flows related to proved oil and gas reserves INPEX CORPORATION and consolidated subsidiaries Standardized measure, beginning of period (As of April 1, 6 Changes resulting from: Sales and transfers of oil and gas produced, net of production costs Total Japan Asia & Oceania Eurasia (Europe & NIS) NIS Middle East & Africa Americas ,27, ,76 639,933 36,24 69,84 7,232 49,262 (6,439) 39,664 11,75 4, Net change in prices and production costs 276,89 28,61 112,953 37,547 96, Development cost incurred 142,896 6,394 94,382 29,699 1,664 1,757 Changes in estimated development costs (78,64) (15,72) (25,211) (16,33) (18,852) (2,86) Revisions of previous quantity estimates (571,647) (34,545) (281,95) (98,71) (154,175) (3,131) Accretion of discount 5,355 38,855 (58,98) 1,897 14, Net change in income taxes 11,795 2,868 53,66 5,63 4,344 (77) Extensions, discoveries and improved recoveries 53,89 53,89 Other 33,4 (23,994) 54,85 (2,671) 4, Standardized measure, end of period and beginning of period (As of March 31 and April 1, 7) Changes resulting from: ,283, ,744 63, ,492 66,874 5,373 Sales and transfers of oil and gas produced, net of production costs (628,569) (4,219) (297,) (127,112) (16,676) (3,542) Net change in prices and production costs 1,935, ,166 64, , ,36 (2,579) Development cost incurred 181,584 1,77 11,134 53,539 15,325 1,59 Changes in estimated development costs (9,54) (15,295) (15,745) (77,487),149 (2,126) Revisions of previous quantity estimates (43,723) (4,232) (49,365) 34,272 (26,786) 2,388 Accretion of discount 264,348 29,488 19,146 39,421 85, Net change in income taxes (1,5,154) (23,532) (179,165) (12,479) (79,66) 628 Extensions, discoveries and improved recoveries 38,369 38,417 (48) Other (31,869) (4,682) (19,326) (169,735) 9,112 (238) Standardized measure, end of period and beginning of period (As of March 31 and April 1, 8) Changes resulting from: ,624,451 27, , ,96 91,43 2,43 Sales and transfers of oil and gas produced, net of production costs (812,293) (5,382) (428,573) (113,727) (217,34) (2,271) Net change in prices and production costs (2,324,615) (77,468) (815,64) (47,345) (1,24,751) 589 Development cost incurred 146,89 7,611 82,634 45,12 9,333 2,129 Changes in estimated development costs (143,921) 6,76 (63,952) (26,211) (61,675) 1,157 Revisions of previous quantity estimates 136,571 (6,536) 1,1 46,8 (8,1) 4,899 Accretion of discount 358,52 32, ,413 45, , Net change in income taxes 1,51,591 (15,2) 459,898 57,27 1,11,337 (2,469) Extensions, discoveries and improved recoveries 6,488 6,488 Other 84,865 9,372 (22,79) 21,192 76, Standardized measure, end of period and beginning of period (As of March 31 and April 1, 9) Changes resulting from: ( million ) Equity-method affiliates 613, , ,745 59,513 9,96 13,326 26,275 Sales and transfers of oil and gas produced, net of production costs (477,438) (37,617) (1,573) (27,132) (98,361) (6,986) (15,769) Net change in prices and production costs 1,257,233 (7,134) 331, ,126 46,172 8,39 341,944 Development cost incurred 127,421 3,114 86,32 13,568 13, ,19 Changes in estimated development costs (61,67) (3,552) (11,651) (47,379) 1,322 (537) 189 Revisions of previous quantity estimates 71,242 (1,55) 36,272 18,28 26,364 3,395 (11,761) Accretion of discount 187,995 24,938 52,928 1,177 56,68 1,56 41,765 Net change in income taxes (753,861),376 (95,799) (27,639) (431,991) (4,313) (214,494) Extensions, discoveries and improved recoveries Other (15,983) 15,114 (14,624) (5,968) (2,781) (128) (52,595) Standardized measure, end of period and beginning of period (As of March 31 and April 1, 1) Changes resulting from: ,74 128,638 4, ,294 34,497 15,37 36,663 Sales and transfers of oil and gas produced, net of production costs (58,519) (19,129) (8,617) (48,858) (124,814) (3,314) (13,787) Net change in prices and production costs 797,8 59, ,991 17, ,87 (2,782) 154,364 Development cost incurred 134,197 1,721 63,518 51,787 8, ,418 Changes in estimated development costs (27,919) (15) 78 (27,861) 6, (7,741) Revisions of previous quantity estimates 62,352 6,43 (16,484) 56,464 4,59 1,615 1,124 Accretion of discount 63,93 1,478 29,153 17,841 2, ,191 Net change in income taxes (,877) (18,722) (5,824) (14,988) (7,871) 2,676 (48,148) Extensions, discoveries and improved recoveries 2,146 (6,198) 14,19 (5,846) Other (86,445) (13,661) (44,791) (18,98) (3,541) (1,446) (4,98) Operating Data (continued on page 19)

20 Operating Data Oil and Reserves (continued from page 18) 18 Standardized measure, end of period and beginning of period (As of March 31 and April 1, 11) Changes resulting from: ,49, , ,14 315,13 37,278 6,656 48,986 Sales and transfers of oil and gas produced, net of production costs (648,71) (32,415) (27,764) (61,17) (144,52) (2,498) (137,864) Net change in prices and production costs 874,831 18,573 (12,363) 179,668 37,315 (2,13) 23,767 Development cost incurred 115, ,591 59,592 14, ,55 Changes in estimated development costs (116,174) 2,649 (123,979) 16,381 (3,522) (2,129) (5,573) Revisions of previous quantity estimates 177,545 11,62 323,612 (115,612) (2,592) 7,315 (46,78) Accretion of discount 89,588 13,717 35,257 32,49 3, ,94 Net change in income taxes (323,253) (38,653) 16,145 (22,266) (229,239) (275) (48,964) Extensions, discoveries and improved recoveries 91,841 96,623 (4,782) Other (12,771) (1,894) (5,953) (3,84) (453) (36) (595) Standardized measure, end of period and beginning of period (As of March 31 and April 1, 12) Changes resulting from: ,298, ,91 576,38 4,48 4,743 7,478 54,466 Sales and transfers of oil and gas produced, net of production costs (94,376) (51,736) (35,624) (79,754) (219,353) (2,99) (,) Net change in prices and production costs 41,698 28, ,985 (4,912) (94,7) (633) (34,4) Development cost incurred 292,3 1,439,14 58,771 18,513 2,193 1,984 Changes in estimated development costs (113,146) 77 (11,257) (26,155) (74,59) (2,47) 827 Revisions of previous quantity estimates (58,467) 6,794 (29,58) 11, ,63 3,592 74,757 Accretion of discount 146,696 21,769 67,945 46,6 4, ,982 Net change in income taxes 494,588 4,778 88,362 24,74 234,733 (827) 142,83 Extensions, discoveries and improved recoveries 53,39 23,962 29,77 Other 187,837 31,581 83,63 57,816 5,878 1,75 7,858 Standardized measure, end of period and beginning of period (As of March 31 and April 1, 13) Changes resulting from: ,438, ,69 547, ,359 5,379 32,731 91,715 Sales and transfers of oil and gas produced, net of production costs (94,35) (64,83) (37,85) (87,312) (24,554) (5,615) (234,26) Net change in prices and production costs (767,958) (67,1) (37,213) (47,267) (249,342) (1,478) (32,656) Development cost incurred 53, ,559 49,61 31,463 27,595 17,74 Changes in estimated development costs (49,289) (4,216) 9,2 (19,356) (21,58) (2,474) (1,737) Revisions of previous quantity estimates 857,625 48,174 99,41 (32,763) 724,45 6,518 11,837 Accretion of discount 176,596 24,516 83,13 48,498 5,944 5,756 8,779 Net change in income taxes 389,751 16,311 38,17 14,459 (196,868) 7, ,886 Extensions, discoveries and improved recoveries 3,398 3,398 Other 136,61 24,95 51,511 43,87 4,786 3,11 8,714 Standardized measure, end of period and beginning of period (As of March 31 and April 1, 14) Changes resulting from: ,747,952 24, , , ,146 73,837 1,98 Sales and transfers of oil and gas produced, net of production costs (933,684) (46,427) (265,325) (7,193) (267,861) (17,81) (266,797) Net change in prices and production costs (1,289,599) 12,487 (49,334) (17,468) (591,895) (25,668) (14,722) Development cost incurred 431,664 1, ,67 24,57 53,866 12,129,67 Changes in estimated development costs (198,468) (7,12),83 (38,914) (54,786) (9,473) (18,367) Revisions of previous quantity estimates 21,367 (4,584) 94,716 19,456 (58,664) 43,889 25,554 Accretion of discount 213,577 25, ,742 47,88 13,732 8,624 5,245 Net change in income taxes 1,53,911 37, ,852 39,546 85,36 2,92 394,593 Extensions, discoveries and improved recoveries 153, ,338 Other 29,644 4,55 134,532 71,292 14,935 12,313 17,23 Standardized measure, end of period and beginning of period (As of March 31 and April 1, 15) Changes resulting from: ,129,71 3,249 1,137, ,486 71,78 1,663 84,179 Sales and transfers of oil and gas produced, net of production costs (768,379) (54,884) (239,67) (6,447) (188,194) (22,991) (2,796) Net change in prices and production costs (2,528,189) (1,431) (895,56) (38,97) (863,121) (32,889) (255,335) Development cost incurred 342,36 2, ,989 4,43 45,422 4,54 5,778 Changes in estimated development costs (164,656) 2,442 (197,855) (3,972) 3,15 (1,536) 6,161 Revisions of previous quantity estimates 9,888 (2,236) (47,75) 53,845 63,138 (31,98) 54,988 Accretion of discount 3,264 24, ,398 41,43 7,386 7,814 6,411 Net change in income taxes 1,894,86 61, ,755 68,51 879,129 6, ,642 Extensions, discoveries and improved recoveries (37,18) (37,18) Other (134,7) (18,923) (71,516) (27,54) (4,524) (6,892) (5,35) Standardized measure, end of period (As of March 31, 16) * The exchange rates as of March 31, 7, 8, 9, 1, 11, 12, 13, 14, 15 and 16 are the TTM rate of 118.9, 1., 98.26, 93.4, 83.15, 82.14, 93.99, 12.92, 1.27 and per U.S.$, respectively. Notes: 1. Disclosure items of proved reserves are based on U.S. Financial Accounting Standards Board Statement No.69 through the year ended March 31, 9. Since the year ended March 31, 1, Accounting Standard Codification Topic 932 Extractive activities Oil and. 2. The figures in these tables include non-controlling interests. 1,27, ,97 625, ,347 (22,987) 23,881 46,723 * : 1. 8 (Statement of Financial Accounting Standards No.69) INPEX CORPORATION Fact Book 16

21 Oil and Net Production** Oil / Condensate / LPGLPG (Thousand bbl/day 7/3 8/3 9/3 1/3 11/3 12/3 13/3 14/3 15/3 16/3 Japan Asia & Oceania Eurasia (Europe & NIS) NIS Middle East & Africa Americas Subtotal Proportional interest in production by equity-method affiliates Total Annual production (MMbbl) (Thousand bbl/day /3 8/3 9/3 1/3 11/3 12/3 13/3 14/3 15/3 16/3 Natural gas (MMcf/day cf (MMcf/day cf 1, 7/3 8/3 9/3 1/3 11/3 12/3 13/3 14/3 15/3 16/3 1,51.1 1,88.8 1,9. 1, ,12.5 Japan , Asia & Oceania Eurasia 8 (Europe & NIS) NIS Middle East & Africa 6 Americas Subtotal 1,51.1 1,88.8 1,9. 1, , Proportional interest in production by equity-method affiliates 7/3 8/3 9/3 1/3 11/3 12/3 13/3 14/3 15/3 16/3 Total 1,51.1 1,88.8 1,9. 1, , Annual production (Bcf) cf Operating Data and natural gas (Thousand boe/day 7/3 8/3 9/3 1/3 11/3 12/3 13/3 14/3 15/3 16/3 Japan Asia & Oceania Eurasia (Europe & NIS) NIS Middle East & Africa Americas Subtotal Proportional interest in production by equity-method affiliates Total Annual production (MMboe) (Thousand boe/day /3 8/3 9/3 1/3 11/3 12/3 13/3 14/3 15/3 16/3 * The production volume under the production sharing contracts entered into by the INPEX Group corresponds to the net economic take of the Group. Calculation of the conversion factor from gas to oil equivalent was altered from the year ended March 31, 12. *

22 Operating Data Sales Volume** (Thousand bbl (Thousand bbl 7/3 8/3 9/3 1/3 11/3 12/3 13/3 14/3 15/3 16/3 15, Japan Thousand kl kl , 117,227 Asia & Oceania 13,234 13,445 12,958 15,295 18,4 15,355 19,341 12,151 11,15 13,55 Eurasia 16,39 19,69 8,664 11,556 9,56 9,17 9,177 8,697 9,946 11,666 (Europe & NIS) NIS 9, 83,276 85,716 75,427 76,95 76,651 8,738 86,189 79,171 8,558 Middle East & 53,47 52,177 52,641 47,293 48,396 56,84 57,1 57,4 58,773 89,486 Africa 6, Americas ,743 1, ,829 Total 83,276 85,716 75,427 76,95 76,651 8,738 86,189 79,171 8, ,227 3, Average unit price of domestic 45,694 62,225 65,829 41,47 49,957 6,263 64,7 67,817 61,8 38,259 kl production ( /kl) Average unit price of overseas production (U.S.$/bbl) /3 8/3 9/3 1/3 11/3 12/3 13/3 14/3 15/3 16/3 Natural gas (excluding LPG) LPG (MMcf cf) (MMcf cf) 7/3 8/3 9/3 1/3 11/3 12/3 13/3 14/3 15/3 16/3 5, Japan 47,495 61,846 6,629 61,459 64,253 65,62 65,429 67,16 66,679 65,34 (Million m 3 ) m 3 1,273 1,657 1,625 1,647 1,722 1,758 1,753 1,798 1,787 1,75 42,81 41,76 416,684 41,228 4, 366,8 Asia & Oceania 318,413 31,458 31, ,364 36, , , ,771 4, , ,61 318,792 Eurasia 337,216 39,485 (Europe & NIS) NIS 3, Middle East & Africa, Americas ,777 29,73 3,861 3,334 27,382 29,912 4,24 38,575 33,153 Total 366,8 42,81 41,76 416,684 41, ,61 318, ,117 39, ,216 1, Average unit price of domestic sales m ( /m3) Average unit price 7/3 8/3 9/3 1/3 11/3 12/3 13/3 14/3 15/3 16/3 of overseas production cf (U.S.$/thousand cf) LPG (Thousand bbl 7/3 8/3 9/3 1/3 11/3 12/3 13/3 14/3 15/3 16/3 Japan (Thousand tons) Asia & Oceania 1,166 1,366 1,876 3,164 3,258 3,213 3,659 2,937 2,844 2,354 Eurasia (Europe & NIS) NIS Middle East & Africa Americas Total 1,351 1,549 2,67 3,377 3,487 3,436 3,87 2,944 2,851 2,361 Average unit price of domestic production ( /kg) Average unit price of overseas production (U.S.$/bbl) kg (Thousand bbl 4, 3,87 3,487 3,377 3,436 3, 2,944 2,851 2,361 2,67 2, 1,549 1,351 1, 7/3 8/3 9/3 1/3 11/3 12/3 13/3 14/3 15/3 16/3 * Countries and areas are shown by segment. * 21 INPEX CORPORATION Fact Book 16

23 Business Investment / Others Capital expenditures ( million 7/3 8/3 9/3 1/3 11/3 12/3 13/3 14/3 15/3 16/3 Oil and gas development expenditures* 1 * 1 185, , ,35 2,35 187,28 21, , ,73 929,8 88,49 Capital expenditures for gas 19,46 23,651 23,891 46,696 21,233 36,921 22,63 37,243 27,971 51,884 infrastructure and others Total* 2 * 2 5, ,61 259, ,731 8, ,37 599, , ,52 931,934 *1 Oil and gas development expenditures include amounts equivalent to development costs under production sharing contracts and booked as investment account (recoverable accounts under production sharing), and other expenditures as well as capital expenditures booked as tangible fixed assets. *2 The total includes the Company s portion of investments in major affiliates accounted for by the equity-method, such as Ichthys LNG Pty Ltd from the year ended March 31, 12. *1 ( ) *2 12 3Ichthys LNG Pty Ltd Oil and gas exploration expenditures and acquisition costs ( million 7/3 8/3 9/3 1/3 11/3 12/3 13/3 14/3 15/3 16/3 Exploration expenditures 3,544 64,746 48,653 32,995 32,53 32,814 53,983 71,1 72,649 39,339 Exploration cost equivalent amount in exploration expenditures* * 26,838 57,785 46,11 3,332 26,563 27,81 47,78 37,399 43,523 31,528 Acquisition costs 1,144 17,979 1, , ,33 43,646 18, ,516 Total 31,688 82,726 59,57 33,686 6,976 33, , ,648 91,73 173,856 * Exploration expenses + Provision for allowance for recoverable accounts under production sharing + Provision for exploration projects The difference between Exploration expenditures and Exploration cost equivalent amount in exploration expenditures includes exploration expenditures expended in the development and production projects under production sharing contracts, and others. Oil and gas exploration and development expenditures (by segment)* * ( million 8, 7/3 8/3 9/3 1/3 11/3 12/3 13/3 14/3 15/3 16/3 Japan 11,318 12,836 8,139 7,569 4,468 1,51 2,6 4,455 3,37 8,844 Asia & Oceania 112,943 17, ,39 127, , , ,74 778,965 83, ,133 Eurasia (Europe & NIS) NIS 7,679 77,442 6,189 68,74 93,7 61,357 53,418 59,823 48,496 58,89 Middle East & Africa 19,843 25,43 32,915 25,326 23,795 19,322 42,3 66,631 76, ,736 Americas 2,862 29,49 21,81 6,799 1,743 17, ,628 59,476 6,964 13,31 Total 217, , , , ,4 243,531 87, ,352 1,,154 1,53,96 * Including acquisition costs * * ( million 1,, 1,, 6, 4,, 217, , , , ,4 243,531 87,988 1,53,96 969,352 1,,154 7/3 8/3 9/3 1/3 11/3 12/3 13/3 14/3 15/3 16/3 Operating Data Depreciation equivalent amount ( million 7/3 8/3 9/3 1/3 11/3 12/3 13/3 14/3 15/3 16/3 Depreciation and amortization 3,599 36,181 42,966 4,354 54,245 48,26 51,915 5,916 52,5 86,791 Recovery of recoverable accounts under production sharing (capital expenditures) 15,949 92,147 45,724 45,653 5,816 53,543 54,86 67,73 75,585 64,199 Amortization of goodwill 6,977 6,616 6,76 6,759 6,76 6,76 6,76 6,76 6,76 6,76 Total 143, ,944 95,45 92, ,821 18,33 112, ,75 134, ,751 Analysis of recoverable accounts under production sharing ( million 7/3 8/3 9/3 1/3 11/3 12/3 13/3 14/3 15/3 16/3 Balance at beginning of the period 295,75 319, , , , ,33 568,318 59, ,99 73,291 Add: Exploration costs 9,791 27,459 23,643 1,84 23,99 25,3 22,43 42,85 41,236 3,969 Development costs 16, ,2 16, ,28 1, ,762 13, , ,984 14,518 Operating expenses 46,683 52,697 55,929 54,938 43,819 5,54 53,919 73,179 98,25 7,365 Other 16 2,67 2,819 4,51 5,11 9,386 7,331 9,745 Less: Cost recovery (capital expenditures) 15,949 92,147 45,724 45,653 5,816 53,543 54,86 67,73 75,585 64,199 Cost recovery (operating expenditures) 86,319 16,47 14,847 17,74 95,665 98,869 17, , ,929 17,133 Other , ,459 17,237 27,79 4,716 38,986 19,785 Balance at end of the period 319, , , , ,33 568,318 59, ,99 73, ,771 Allowance for recoverable accounts under production sharing at end of the period 51,19 71,445 87,828 94,891 96,879 1, ,87 123, ,77 131,

24 Financial Data Consolidated Balance Sheet million 7/3 8/3 9/3 1/3 11/3 12/3 13/3 14/3 15/3 16/3 Assets Current assets 1. Cash and deposits ,278 4, , ,89 112, ,93 483,814 65, , , Accounts receivable trade 2. 81,954 1,948 73,54 88,364 95, , ,411 11,395 77,9 56, Marketable securities 3. 55, ,73 149,57 213,4 7, , ,642 1, 162, Inventories 4. 13,254 19,716 18,5 12,322 12,137 11,977 15,49 25,485 31,652 35, Deferred tax assets 5. 17,242 11,236 6,144 5,355 9,45 18,692 1,111 7,745 4,955 2, Accounts receivable other 6. 81,688 83,436 37,871 43,16 57,32 71,911 94, ,1 11,314 84,65 7. Other 7. 3,129 9,54 8,474 1,824 12,5 24, ,71 41,912 46,211 45,12 Less allowance for doubtful accounts (11) (58) (28) (22) (13,141) (13,13) (14,919) (17,643) (12,95) (13,76) Total current assets 474, ,11 411,11 492, ,932 98,72 1,16,54 1,14,4 1,342,49 984,345 Fixed assets 1. Tangible fixed assets 1. (1) Buildings and structures (1) 13,91 112,291 11, , ,54 17,3 12, , ,1 124,9 (2) Wells (2) 17,597 19,893 22,8 18,193 28,64 26,827 19,777 25,348 36,391 51,257 (3) Machinery, equipment and vehicles (3) 44,356 49,1 47,352 45,728 58,227 54,462 71, ,898 19,686 13,796 (4) Land (4) 28,31 28,386,752,789,77,7 19,56 19,736 19,869 19,673 (5) Construction in progress (5) 22,55 28,7 76,818 91,447 75,77 167, , ,5 1,173,49 1,47,49 (6) Other (6) 3,366 16,187 28,971 54,335 79,189 7,257 11,33 21,339,254 18,495 Total tangible fixed assets 219, , , ,94 379, , , ,779 1,497,621 1,752, Intangible assets 2. (1) Goodwill (1) 132,15 121, ,883 18,122 11,362 94,61 87,84 81,8 74,319 67,558 (2) Exploration and development rights (2) 127,11 1, ,566 17, , ,7 118, , ,89 146,262 (3) Mining rights (3) 4,364 18,843 18,592 18,154 17,554 16, , , , ,438 (4) Other (4) 2,24 4,815 4,638 5,7 4,966 4,216 6,266 11,65 11,324 9,212 Total intangible assets 265, ,48 253,68 239,5 249,11 233,317 38, , , , Investments and other assets 3. (1) Investment securities (1) 354,851 36, ,698 43, , , , ,47 284,9 213,73 (2) Long-term loans receivable (2) 3,388 9,361 14,195 18,641 13,979 48,19 7,263 33,91 126,516 4,23 (3) Long-term time deposits (3) 287, ,13 1,27 2,842 (4) Recoverable accounts under production sharing (4) 319, , , , ,33 568,318 59, ,99 73, ,771 (5) Deferred tax assets (5),618 26,14 24,563 27,213 3,554 4,76 13,821 22,848 13,15 (6) Other (6) 34,879 31,279 65,926 72, ,34 115,141 65,433 61,159 76,168 71,357 Less allowance for doubtful accounts (1,869) (911) (528) (64) (27) (715) (793) (885) (8,398) (7,814) Less allowance for recoverable accounts under production sharing (51,19) (71,445) (87,828) (94,891) (96,879) (1,671) (112,87) (123,483) (121,77) (131,765) Less allowance for investments in exploration (1,273) (9,963) (1,97) (15,248) (13,78) (6,28) (5,119) (3,226) (2,727) (2,46) Total investments and other assets 648, ,827 85, ,624 1,558,474 1,54,679 1,544,957 1,56,977 1,,352 1,91,41 Total fixed assets 1,133,982 1,242,789 1,356,934 1,5,923 2,187,447 2,157,695 2,59,654 2,897,935 3,156,743 3,385,496 Total assets 1,68,16 1,87,9 1,768,44 2,13,778 2,68,379 3,66,397 3,616,158 4,38,139 4,499,153 4,369,841 Liabilities Current liabilities 1. Accounts payable trade 1. 21,793 22,582 11,873 16,61 23,441 3,228 41,41 46,811 53,474 47, Short-term loans 2. 5,649 19,274 27,816 4,872 4,441 4,81 8,56 21,954 33,6 68, Income taxes payable 3. 85, ,523 7,419 86, ,11 139, ,681 91,198 6,185 42, Accounts payable other 4. 88, ,55 65,44 81,211 83,39 133, , ,94 113,567 79, Provision for exploration projects 5. 6,899 1,786 7,948 15,324 9,537 5,551 26,856 9,816 9,492 4, Accrued bonuses to officers Asset retirement obligations 7. 3,686 3,337 3,812 2,353 1,93 2, Other 8. 12,799 29,44 22,427 23,228 17,83 51,498 48,33 71,521 94,122 73,769 Total current liabilities 266, ,285 6,59 227,95 254, , , ,67 365, ,127 Long-term liabilities 1. Long-term debt ,3 174, ,43 235,51 268,76 313, ,98 561, , ,98 2. Deferred tax liabilities 2. 38,994 44,296 28,171 27,139 36,517 43,178 34,987 54,959 77,917 56,44 3. Accrued retirement benefits to employees3. 8,371 8,645 8,545 7,585 6,979 6,34 8,58 4. Accrued retirement benefits to officers 4. 1, Provision for loss on business 5. 3,75 6,977 9,8 4, Liabilities for site restoration and decommissioning costs 6. 11,93 12,728 14,192 14, Liabilities for losses on development activities 7. 1,964 1,964 1,964 1, Accrued special repair and maintenance Liability for retirement benefits 9. 7,793 6,7 7, Asset retirement obligations 1. 8,965 9,84 13,581 25,954 15,234 1, Other ,216 8,369 6,655 1,697 2,156 8,838 2,126 29,445 Total long-term liabilities 261, ,82 199, , , ,361 53, , , ,911 Total liabilities 528,9 569,88 45, , , ,4 945,174 1,42,12 1,21,45 1,191,38 Net assets Shareholders equity 1. Common stock 1. 3, 3, 3, 3, 29,89 29,89 29,89 29,89 29,89 29,89 2. Capital surplus , , , , , , , , , , Retained earnings 3. 57,1 718, , ,744 1,47,431 1,219,526 1,375,16 1,532,876 1,584,645 1,575, Treasury stock 4. (1,18) (2,215) (5,248) (5,248) (5,248) (5,248) (5,248) (5,248) (5,248) (5,248) Total shareholders' equity 1,17,53 1,164,894 1,288,62 1,379,974 2,12,28 2,184,375 2,339,956 2,497,725 2,549,494 2,536,971 Accumulated other comprehensive income 1. Unrealized holding gain (loss) on securities1. 9,348 (7,468) (6,817) 12,351 1,455 6,952 34,741 44,737 46,49 4, Unrealized gain (loss) from hedging instruments () 4,118 16,243 (17,578) (36,423) (6,66) 3. Translation adjustments 3. 2,25 (6) (1,121) (4,826) (16,847) (16,195) 9,35 266,224 57,56 397,622 Total accumulated other comprehensive income 11,391 (7,524) (16,939) 7,525 (15,391) (5,124) 141, , , ,921 Non-controlling interests 51,121 81,442 9,938 13,13 1, , ,691 4, ,23 245,91 Total net assets 1,8,16 1,238,812 1,362,6 1,49,63 2,97,382 2,314,193 2,67,983 2,996,36 3,288,73 3,178,83 Total liabilities and net assets 1,68,16 1,87,9 1,768,44 2,13,778 2,68,379 3,66,397 3,616,158 4,38,139 4,499,153 4,369, INPEX CORPORATION Fact Book 16

25 Consolidated Statement of Income and Consolidated Statement of Comprehensive Income Consolidated Statement of Income million 7/3 8/3 9/3 1/3 11/3 12/3 13/3 14/3 15/3 16/3 Net sales 969,712 1,2,965 1,76,164 84, ,8 1,186,731 1,216,533 1,334,625 1,171,226 1,9,564 Cost of sales 343,794 39, ,38 298, , , ,326 49, , ,757 Gross profit 625, ,41 757, ,259 68, ,288 79,6 844,9 645, ,86 Exploration expenses 17,688 34,95 25,982 15,71 12, 11,747,124 28,5 23,238 6,166 Selling, general and administrative expenses 49,152 64,14 67,877 64,88 66,54 7,184 76,634 82,392 87,657 86,5 Operating income 559,77 714, , , ,742 79, , ,61 534,886 39,139 Other income 1. Interest income 1. 12,843 1,984 9,535 4,353 4,11 4,399 8,734 17,462 11,226 1, Dividend income 2. 2,291 5,439 12,338 9,476 5,721 6,993 7,832 9,227 6,669 1, Gain on sales of marketable securities 3. 1,335 18,146 25, Gain on sales of investment securities 4. 25, Equity in earnings of affiliates 5. 1,349 1, ,933 6, Gain on change in equity 6. 3, Gain on transfer of mining rights 7. 33,533 7,333 7,26 5,173 27,5 8. Net gain on re-determination of unitized 8. field 4,5 9. Net gain on taking effect of exploration 9. and production agreement 3, Foreign exchange gain 1. 5,738 2,747 19,562 2, Other 11. 4,322 4,666 9,214 7,643 5,432 13,79 6,477 13,79 18,639 19,46 Total other income 6,79 33,89 32,34 21,473 31,176 12,82 98,666 5,734 11,763 69,934 Other expenses 1. Interest expense 1. 12,389 1,887 3,934 1,274 1,73 1,227 1,518 2,335 2,946 4, Equity in losses of affiliates 2. 1,919 1,41 5,53 13,443, Provision for allowance for doubtful accounts 3. 9, Provision for allowance for recoverable 4. accounts under production sharing 6,176,586 16,642 6,28 11,481 14,816 15,131 8,28 19,449 25,26 5. Provision for exploration projects 5. 2,973 3,14 3,386 8,594 3, ,452 1, Provision for investments in exploration 6. 5,48 7. Loss on valuation of investment securities 7. 21,349 31, Loss on adjustment for changes of 8. accounting standard for asset retirement obligations 1, Foreign exchange loss 9. 14,57 13,263 11,539 14,64 3,55 4, Loss on disposal of fixed assets 1. 6,258 13, Loss on business withdrawal 11. 5, Other ,355 5,572 8,81 4,624 14,466 7,827 13,769 13,44 18,561 21,756 Total other expenses 32,893 61,51 79,134 41,113 52,331 44,4 73,968 34,266 61,494 85,31 Ordinary income 586, , , ,27 58, ,38 718,146 75,77 575, ,771 Extraordinary loss Impairment loss 35,132 45,884 Income before income taxes 586, , , ,27 58, ,38 718,146 75,77 54,22 328,887 Income taxes current 432, , , , ,82 543, ,7 514,15 448, ,585 Income taxes deferred (19,655) (5,52) (17,883) 2,132 1,614 (6,223) (9,932) 49,121 15,767 (2,192) Net income (loss) 139,89 23,15 188,87 186,941 75,597 (25,55) Net income (loss) attributable to non-controlling interests Net income attributable to owners of parent 7,932 21, ,691 11,19 36,14 5,99 3,25 (2,222) (42,282) 165,91 173, ,62 17,21 128, , 182, ,69 77,8 16,777 Financial Data Consolidated Statement of Comprehensive Income million 11/3 12/3 13/3 14/3 15/3 16/3 Net income (loss) 139,89 23,15 188,87 186,941 75,597 (25,55) Other comprehensive income Unrealized holding gain (loss) on securities (1,95) 5,498 27,787 9,981 1,315 (41,94) Unrealized gain (loss) from hedging instruments 4,118 16,769 (,887) Translation adjustments (11,516) 2,82 15, , ,18 (129,78) Share of other comprehensive income of associates accounted for by the equity-method (2,716) (1,134) (1,577) (6,674) (13,951) 29,31 Total other comprehensive income (25,183) 1, , , ,382 (14,862) Comprehensive income 114,76 24, , ,672 36,979 (166,368) Total comprehensive income attributable to: Owners of parent 15,782 4, , ,737 31,622 (14,487) Non-controlling interests 8,923 36,41 8,119 9,934 5,356 (61,881) 16 24

26 Financial Data Consolidated Statement of Cash Flows million 7/3 8/3 9/3 1/3 11/3 12/3 13/3 14/3 15/3 16/3 Cash flows from operating activities Income before income taxes 586, , , ,27 58, ,38 718,146 75,77 54,22 328,887 Depreciation and amortization 3,599 36,181 42,966 4,354 54,245 48,26 51,915 5,916 52,5 86,791 Impairment loss 35,132 45,884 Amortization of goodwill 6,977 6,616 6,76 6,759 6,76 6,76 6,76 6,76 6,76 6,76 Loss on adjustment for changes of accounting standard for asset retirement obligations 1,555 Provision for allowance for doubtful accounts 12,924 Provision for allowance for recoverable accounts under production sharing 6,8 21,6,31 7,43 15,3 18,99 16,353 14,882,37 29,843 Provision for exploration projects 3,38 3,937 (2,319) 7,36 (5,442) (3,915) 21,132 (17,318) (6) (4,399) Provision for accrued retirement benefits to employees (96) (92) (592) (637) 2,285 Provision for site restoration and decommissioning costs 1, , Other provisions 1,376 (2,376) 3,468 4,484 (1,461) (25) 5,546 5,24 3,419 (4,352) Liability for retirement benefits (776) (873) 945 Interest and dividend income (15,134) (16,423) (21,873) (13,829) (9,832) (11,393) (16,567) (26,691) (17,895) (21,579) Interest expense 12,389 1,887 3,934 1,274 1,73 1,227 1,518 2,335 2,946 3,464 Foreign exchange loss (gain) (1,652) 1,35 1,86 2,379 (3,14) 5,334 16,329 14,15 3,973 15,85 Equity in (earnings) losses of affiliates (1,349) (1,764) (946) 1,919 (4,933) (6,638) 1,41 5,53 13,443,696 Gain on transfer of mining rights (33,533) (7,333) (7,26) (5,173) (27,5) Gain on sales of marketable securities (18,146) (25,986) Loss (gain) on sales of investment securities 2, (81) (25,449) Loss on valuation of investment securities 21,349 31,798 Recovery of recoverable accounts under production sharing (capital expenditures) 15,949 92,147 45,724 45,653 5,816 53,543 54,86 67,73 75,585 64,199 Recoverable accounts under production sharing (operating expenditures) (18,955) (26,52) (27,) (14,996) (17,368) (21,41) (21,79) (6,491) (6,763) (45,833) Accounts receivable trade (1,385) (39,392) 44,199 (14,638) (11,375) (23,816) 2,795 6,276 25,1 15,193 Inventories (8,85) (2,274) 2,347 5,844 (222) 194 (3,231) (1,13) (797) (2,551) Accounts payable trade (879) 481 (9,824) 4,718 7,277 6,561 11,29 5,413 6,39 (4,389) Accounts receivable other (16,985) 27,557 (9,67) 7,693 (19,773) 4,99 (35,287) (1,44) 41,632 Accounts payable other 21,89 (47,812) 13,669 9,698 4,942 (9) (18,142) (11,246) (13,746) Advances received 1,351 4,229 (1,1) (2,489) 23,89 (24,636) 2,168 (125) 2,882 Other (3,81) 7,156 (6,489) 3,357 (594) 369 3,91 (5,247) 23,58 9,625 Subtotal 663, , , , , , ,96 756, , ,53 Interest and dividends received,559 17,514 21,257 16,169 13,79 16,996 19,652 26,932 28,194 31,446 Interest paid (11,993) (11,57) (4,8) (1,734) (747) (943) (1,344) (2,381) (2,376) (3,5) Income taxes paid (44,146) (456,86) (53,789) (35,198) (349,526) (51,742) (54,868) (567,156) (478,863) (393,586) Net cash provided by operating activities 231, ,994 23, , ,93 3, , , , ,77 Cash flows from investing activities Payments for time deposits (17,78) (2,764) (6,463) (9,925) (493) (88,771) (299,46) (211,332) (326,25) (544,33) Proceeds from time deposits 2,797 18,996 4,497 8,43 3,849 6,64 134, , ,139 79,267 Payments for long-term time deposits (53,5) (252,82) (484,8) (112,181) (439,989) Proceeds from long-term time deposits 5, 13,757 Payments for purchases of tangible fixed assets (37,844) (59,465) (88,611) (87,549) (84,235) (68,317) (189,153) (323,65) (448,381) (476,788) Proceeds from sales of tangible fixed assets , ,131 Payments for purchases of intangible assets (1,778) (2,12) (2,864) (991) (2,535) (1,367) (4,256) (6,17) (15,445) (26,897) Payments for purchases of marketable securities (5,14) (39,948) (19,82) (11,731) (4,9) (17,79) Proceeds from sales and redemptions of marketable securities 23,643 51, ,451 11,3 112, 136, , , , ,584 Payments for purchases of investment securities (19,823) (112,378) (137,447) (156,264) (724,634) (238,567) (9,83) (24,637) (26,767) (6,876) Proceeds from sales and redemptions of investment securities 43, ,53 1,846,672 7,92 62,433 68,937 27,7 Investment in recoverable accounts under production sharing (capital expenditures) (111,313) (131,59) (18,294) (91,65) (77,864) (82,915) (82,695) (14,73) (7,43) (6,442) Decrease (increase) in short-term loans receivable (6,523) 1, ,569 3,758 (85) (4,187) (3,824) (4,1) Long-term loans made (832) (7,452) (5,895) (7,521) (1,134) (38,94) (141,222) (37,158) (111,387) (215,79) Collection of long-term loans receivable ,6 119,238 75, ,759 Payments for purchase of mining rights (15,886) (28,44) (176,231) (42,733) (18,424) (134,516) Proceeds from transfer of mining rights 6,77 27,89 7,333 71,486 56,799 59,45 Other 2,49 (529) (5,68) (7,86) 2,424 (1,252) 11,5 11,438 1,266 (13,35) Net cash used in investing activities (9,243) (261,766) (24,167) (251,812) (844,511) (28,864) (489,87) (395,555) (81,86) (543,534) Cash flows from financing activities Proceeds from issuance of common stock 521,619 Increase (decrease) in short-term loans (1) (5),933 (,121) (4) 991 2,69 1, Proceeds from long-term debt 3,83 4,784 12,4 18,62 56,285 5, ,571 74,742 27, ,1 Repayment of long-term debt (38,661) (67,745) (66,364) (5,283) (4,712) (4,316) (4,681) (7,759) (18,683) (26,868) Proceeds from non-controlling interests for additional shares 3,66 8,344 9,369 4,74 6,418 9,723 55,852 1,289 16,73 87,279 Purchase of treasury stock (1,169) (1,14) (3,48) Proceeds from sales of treasury stock 22,397 Cash dividends paid (1,791) (24,718) (18,833) (15,36) (18,1) (21,922) (27,385) (25,934) (26,287) (26,297) Dividends paid to non-controlling interests (81) (737) (81) (2,972) (13,45) (4,991) (4,991) (4,991) (4,991) (4,524) Stock transfer payment (867) () Restricted cash deposit 9,4 Other (16) (145) (92) (71) (4,286) (74) (147) (74) Net cash provided by (used in) financing activities 13,793 (45,228) (46,9) 68, ,57 29, ,69 48,961 (4,177) 156,726 Effect of exchange rate changes on cash and cash equivalents 1,741 (24,147) (3,519) (4,947) (12,15) (2,663) 51,498 5,752 11,962 (4,64) Net increase (decrease) in cash and cash equivalents 38,273 32,853 (59,425) 53,55 (34,374) 66,458 (48,956) (82,327) 143,447 (7,164) Cash and cash equivalents at beginning of the period 151, , , , , ,25 249, , ,53 26,978 Increase in cash and cash equivalents from newly consolidated subsidiary Decrease in cash and cash equivalents resulting from exclusion of subsidiaries from consolidation (858) Cash and cash equivalents at end of the period 189, , , , ,25 249, , ,53 26,978 53, INPEX CORPORATION Fact Book 16

27 Corporate Information As of March 31, Company Name: INPEX CORPORATION Established: April 3, Capital: 29,89,835, 2, , Company Headquarters: Akasaka Biz Tower, Akasaka, Minato-ku, Tokyo , Japan Biz Number of Employees (Consolidated): 3,449 3,449 Stock data Authorized Shares: 3,6,, common stocks, 1 Class A Stock : 3,6,, 1 Total Number of Shareholders and Issued Shares Common Stocks: 48,427 shareholders / 1,462,323,6 shares : 48,427 / 1,462,323,6 Class A Stock*: 1 shareholder (Minister of Economy, Trade and Industry) / 1 share *: 1 ( )/1 * The Company s Articles of Incorporation stipulate that certain major corporate decisions require a resolution by the holder of Class A Stock in addition to the approval of the shareholders meetings or the Board of Directors. Major shareholders (Common shares) *1 The percentages of total common shares are for total number of issued common shares. *2 Excludes one Class A Stock. Shareholding by shareholder type * The percentages of total common shares are for total number of issued common shares. * * ( ) Number of shares ( ) Percentages of total common shares * 1 (%)* 1 Name Minister of Economy, Trade and Industry* 2 * 2 276,922, Japan Petroleum Exploration Co., Ltd. 16,893, 7.31 Japan Trustee Services Bank, Ltd. (Trust Account) () 53,363, The Master Trust Bank of Japan, Ltd. (Trust Account) () 45,687, Mitsui Oil Exploration Co., Ltd. 44,954, 3.7 CBNY-GOVERNMENT OF NORWAY CBNY-GOVERNMENT OF NORWAY 44,178, JX Holdings, Inc. JX 43,81,8 3. THE BANK OF NEW YORK, TREATY JASDEC ACCOUNT 23,134, State Street Bank and Trust Company ,41, The Bank of New York Mellon SA/NV ,856, *1 ( ) *2 (%)* Financial institutions (Including trust accounts) ( ) Securities companies 1.61 Other domestic corporations Minister of Economy, Trade and Industry Foreign corporations and other 42.6 Individuals and other 3. Treasury shares.13 Share price range, Trading volume (Thousand shares Monthly trading volume (Left scale) Price range (Right scale) 3,6 3, 2,4 1,8 6, 45, 3, 15, * Share price and monthly trading volumes have been retroactively adjusted to reflect the impact of the stock split. Unit conversion * Natural gas Sales gas LPG LNG 1 kl 6.29 bbl 1 cf 1, Btu* 1 ton 1 ton 1 ton 7.4 bbl 1 Bm 3 1 m 3 7 thousand ton (LNG) 1 m bbl () cf 1.5 bbl 1 bbl 6, cf (Natural gas) 1 MMcf/day 7 thousand ton/y (LNG) 1,4 m () 3 (Natural gas) 1 thousand bbl /day 4 MMton /y (LNG) 1T cf 1 MMton x years (LNG) ( MMton) 53 MMBtu* Note: The above conversion figures are estimates. Conversion figures used for production and reserves in this Fact Book may be different from the above conversion figures. As such, we do not guarantee those figures accuracy as applied to dealing or verification. * British Thermal Unit Disclaimer Information contained in Fact Book 16 is provided solely for informational purposes and is not an offer or a solicitation of an offer to buy or sell securities. You are requested to make investment decisions using your own judgment. Although the Company has made sufficient effort to ensure the accuracy of information provided herein, the Company assumes no responsibility for any damages or liabilities including, but not limited to, those due to incorrect information or any other reason. Note: Financial figures in this Fact Book have been rounded down to the nearest unit. Figures in parentheses denote negative amounts. * 16 1, 6 Corporate Information 16 26

28 Akasaka Biz Tower Akasaka, Minato-ku Tokyo , Japan Phone: Biz tel: Printed in Japan