Consolidated Financial Results for the Nine Months ended December 31, 2015 [Japanese GAAP]
February 4, 2016
Note: The following report is an English translation of the Japanese-language original.
: INPEX CORPORATION
Stock Exchange on which the Company is listed : Tokyo Stock Exchange: 1605
URL http://www.inpex.co.jp: Toshiaki Kitamura, President: Kimihisa Kittaka, General Manager, Corporate Communications Unit
TEL+81-3-5572-0233
Scheduled date of filing Quarterly Financial Report: February 10, 2016
Scheduled date of payment of cash dividends:―
Preparation of supplementary explanatory materials: Yes
Meeting of quarterly financial results presentation: No
Company name
Code number
Representative
Contact person(Amounts less than one million yen are rounded off)
1. Consolidated Financial Results for the Nine Months ended December 31, 2015 (April 1, 2015-December 31, 2015)(1) Consolidated operating results(Figures in % represent the changes from the corresponding period of the previous fiscal year)

Net sales
For the nine months ended
December 31, 2015

Operating income

Millions of Yen%

809,091926,597

December 31, 2014

Net income attributableto owners of parent

Ordinary income

Millions of Yen%

Millions of Yen%

Millions of Yen%(12.7)

338,354(25.3)

354,339(7.1)

452,698(17.3)

492,358(28.0)

67,453(33.7)(9.5)

101,783(4.9)(Note): Consolidated comprehensive income: for the nine months ended December 31, 2015, ¥(9,174) million; ( %)for the nine months ended December 31, 2014, ¥288,225 million; (9.0%)

Net income pershare—basic

Net income pershare—diluted

For the nine months ended
December 31, 2015

Yen
46.19

December 31, 2014

69.70

Yen

(2) Consolidated financial position

Millions of Yen

Millions of Yen

Net assets excluding non-controllinginterests as a percentage of total assets%

As of December 31, 2015

4,611,068

3,334,054

66.5

As of March 31, 2015

4,499,153

3,288,703

68.2

Total assets

Net assets(Reference): Net assets excluding non-controlling interests: as of December 31, 2015, ¥3,065,172 million
as of March 31, 2015, ¥3,066,680 million

2. Dividends
Cash dividends per share
At 1st quarter end At 2nd quarter end At 3rd quarter end
For the year ended
March 31, 2015
For the year ending
March 31, 2016
For the year ending
March 31, 2016 (forecast)

Yen

Yen

9.00

Yen

At fiscal year end

Total

Yen

Yen

9.00

18.00

9.00

18.00

9.00

(Note):1. Changes in projected dividends for the year ending March 31, 2016 from the previous forecast: None
2. Above information of "Dividends" is regarding common stock. For information regarding Class A stock (which is not listed), please refer to
Exhibit "Dividends of Class A stock ".

3. Forecasted Consolidated Financial Results for the year ending March 31, 2016 (April 1, 2015-March 31, 2016)(Figures in % represent the changes from the previous fiscal year)

Net sales
Millions of Yen

For the year ending
March 31, 2016%

Operating income

Ordinary income

Millions of Yen

Millions of Yen

997,000 (14.9)%

364,000 (31.9)

Net income
Net income per
attributable to owners
shareof parent%

375,000 (34.8)

Millions of Yen%

Yen

52,000 (33.2)

35.61(Note):Changes in forecasted consolidated financial results for the year ending March 31, 2016 from the previous forecast: Yes

Notes(1) Significant changes in scope of consolidation: None(Changes in the specified subsidiaries during the period due to change in scope of consolidation)(2) Adoption of accounting treatments which are exceptional for quarterly consolidated financial statements: None(3) Changes in accounting policies, accounting estimates and restatement of corrections
1. Changes in accounting policies resulting from the revision of the accounting standards and other regulations
2. Other changes in accounting policies
3. Changes in accounting estimates
4. Restatement of corrections: Yes: None: None: None(Note): Please refer to 2.(3) Changes in accounting policies, accounting estimates and restatement of corrections on page 5 for further information.

(4) Number of shares issued (Common stock)
1. Number of shares issued at the end of the period(including treasury stock):
2. Number of treasury stock at the end of the period:
3. Average number of shares:

1,462,323,600 shares as of December 31, 2015
1,462,323,600 shares as of March 31, 2015
1,966,400 shares as of December 31, 2015
1,966,400 shares as of March 31, 2015
1,460,357,200 shares for the nine months ended December 31, 2015
1,460,357,200 shares for the nine months ended December 31, 2014

* Indication of quarterly review procedure implementation status
This quarterly earnings report is exempt from quarterly review procedure under the Financial Instruments and Exchange Act. The
review procedure for quarterly consolidated financial statements under the Financial Instruments and Exchange Act has not been
completed at the time of disclosure of this report.
*Explanation regarding the appropriate use of estimated consolidated financial results
The aforementioned forecasts are based on the currently available information and contain many uncertainties. The final results
might be significantly different from the aforementioned forecasts due to changes in business conditions including oil and natural gas
price levels, production and sales plans, project development schedules, government regulations and financial and tax schemes.
Please refer to 1.(3) Explanation regarding future forecast information such as Forecasts for Consolidated Financial Results on
page 4.

Exhibit:
Dividends of Class A stock
Cash dividends per share
At 1st quarter end At 2nd quarter end At 3rd quarter end
For the year ended
March 31, 2015
For the year ending
March 31, 2016
For the year ending
March 31, 2016 (forecast)At fiscal year end

Total

Yen

Yen

Yen

Yen

Yen

―

3,600.00―

3,600.00

7,200.00―

3,600.00―
3,600.00

7,200.00

Index of the Attachments
1. Qualitative Information / Financial Statements

2(1) Explanation on Consolidated Financial Results

2(2) Explanation on Consolidated Financial Position

3(3) Explanation regarding future forecast information such as Forecasts for Consolidated Financial Results

4

2. Notes Regarding Summary Information (Notes)

5(1) Significant changes in scope of consolidation

5(2) Adoption of accounting treatments which are exceptional for quarterly consolidated financial statements

5(3) Changes in accounting policies, accounting estimates and restatement of corrections

5

3. Consolidated Financial Statements

6(1) Consolidated Balance Sheet

6(2) Consolidated Statement of Income and Consolidated Statement of Comprehensive Income

8

Consolidated Statement of Income

8

Consolidated Statement of Comprehensive Income

9(3) Consolidated Statement of Cash Flows

10(4) Notes to Consolidated Financial Statements

12(Conditions or events that indicate there could be substantial doubt about
the Company s ability to continue as a going concern)

12(Note on significant changes in shareholders equity)

12(Segment information)

13(Subsequent events)

13
14

4. Supplementary Information(1) Production, Orders Received and Sales Performance

141

1. Qualitative Information ⁄ Financial Statements(1) Explanation on Consolidated Financial Results
Net sales for the nine months ended December 31, 2015 decreased by ¥117.5 billion, or 12.7% , to ¥809.0 billion from thecorresponding period of the previous fiscal year due to a decrease in sales prices of crude oil and natural gas.
Net sales of crude oil decreased by ¥39.3 billion, or 6.7%, to ¥551.6 billion, and net sales of natural gas decreased by ¥74.1
billion, or 23.1%, to ¥247.4 billion.
Sales volume of crude oil increased by 27,861 thousand barrels, or 47.6%, to 86,423 thousand barrels. Sales volume of natural gas
increased by 23,505 million cf, or 10.4%, to 250,110 million cf. Sales volume of overseas natural gas increased by 25,281 million
cf, or 14.1%, to 205,121 million cf, and sales volume of domestic natural gas decreased by 48 million ㎥, or 3.8%, to 1,206
million ㎥ (44,989 million cf).
The average sales price of overseas crude oil decreased by US$42.78, or 44.9%, to US$52.49 per barrel. Meanwhile, the averagesales price of overseas natural gas decreased by US$5.22, or 42.6%, to US$7.02 per thousand cf. In addition, the average sales
price of domestic natural gas decreased by ¥4.00, or 7.0%, to ¥53.19 per ㎥. The average exchange rate of the Japanese yen
against the U.S. dollar on consolidated net sales depreciated by ¥15.81, or 15.0% , to ¥121.38 per U.S. dollar from thecorresponding period of the previous fiscal year.
The decrease of ¥117.5 billion in net sales was mainly derived from the following factors: regarding net sales of crude oil andnatural gas, an increase in sales volume contributing ¥308.0 billion to the increase, a decrease in unit sales price pushing sales
down of ¥516.9 billion, the depreciation of the Japanese yen against the U.S. dollar contributing ¥95.3 billion to the increase, anda decrease in net sales excluding crude oil and natural gas of ¥4.0 billion.
Cost of sales for the nine months ended December 31, 2015 increased by ¥13.4 billion, or 3.5%, to ¥402.2 billion due mainly tothe depreciation of the Japanese yen against the U.S. dollar. Exploration expenses decreased by ¥17.3 billion, or 81.2% , to¥3.9 billion due mainly to a decrease in exploration activities in the Americas region. Selling, general and administrative expenses
increased by ¥0.6 billion, or 1.1%, to ¥64.4 billion. As a result, operating income decreased by ¥114.3 billion, or 25.3%, to¥338.3 billion.
Other income decreased by ¥14.3 billion, or 22.5%, to ¥49.5 billion due to a decrease in gain on transfer of mining rights andothers, despite increases in gain on sales of marketable securities and foreign exchange gain. Other expenses increased by ¥9.2
billion, or 38.1%, to ¥33.5 billion due to an increase in provision for allowance for recoverable accounts under production sharing
and others. As a result, ordinary income and income before income taxes decreased by ¥138.0 billion, or 28.0%, to ¥354.3 billion.
Total amount of current income taxes and deferred income taxes decreased by ¥86.6 billion, or 22.2%, to ¥303.3 billion, net
income decreased by ¥51.3 billion, or 50.2% , to ¥51.0 billion, and net loss attributable to non-controlling interests were
¥16.4 billion. As a result of the above effects, net income attributable to owners of parent for the nine months ended December 31,
2015 decreased by ¥34.3 billion, or 33.7%, to ¥67.4 billion.
Financial results by segment are as follows:
1) JapanNet sales decreased by ¥14.2 billion, or 15.5%, to ¥77.5 billion due to decreases in sales volume and sales prices of crude oil andnatural gas. Operating income decreased by ¥3.5 billion, or 44.0%, to ¥4.5 billion.
2) Asia & Oceania
Net sales decreased by ¥71.0 billion, or 22.2%, to ¥249.1 billion due to a decrease in sales prices of crude oil and natural gas,
despite an increase in sales volume of crude oil and natural gas and the depreciation of the Japanese yen against the U.S. dollar.
Operating income decreased by ¥66.2 billion, or 42.4%, to ¥89.9 billion.
3) Eurasia (Europe & NIS)
Net sales decreased by ¥25.5 billion, or 33.2%, to ¥51.5 billion due to a decrease in sales price of crude oil, despite an increase insales volume of crude oil and the depreciation of the Japanese yen against the U.S. dollar. Operating income decreased by ¥15.4
billion, or 55.6%, to ¥12.2 billion.
4) Middle East & Africa
Net sales decreased by ¥8.2 billion, or 1.9%, to ¥420.3 billion due to a decrease in sales price of crude oil, despite an increase insales volume of crude oil and the depreciation of the Japanese yen against the U.S. dollar. Operating income decreased by ¥34.2
billion, or 12.2%, to ¥246.0 billion.
5) Americas
Net sales increased by ¥1.5 billion, or 17.4%, to ¥10.4 billion due to an increase in sales volume of crude oil and the depreciationof the Japanese yen against the U.S. dollar, despite a decrease in sales prices of crude oil and natural gas. Meanwhile, operating
loss decreased by ¥5.2 billion, or 44.0%, to ¥6.7 billion due to a decrease in exploration expenses and others.

2(2) Explanation on Consolidated Financial Position
Total assets as of December 31, 2015 increased by ¥111.9 billion to ¥4,611.0 billion from ¥4,499.1 billion as of March 31, 2015.
Current assets decreased by ¥321.1 billion to ¥1,021.3 billion due to a decrease in cash and deposits and others. Fixed assets
increased by ¥433.0 billion to ¥3,589.7 billion due to increases in tangible fixed assets and intangible assets and others.
Meanwhile, total liabilities increased by ¥66.5 billion to ¥1,277.0 billion from ¥1,210.4 billion as of March 31, 2015. Current
liabilities decreased by ¥3.3 billion to ¥361.9 billion and long-term liabilities increased by ¥69.8 billion to ¥915.1 billion.
Net assets increased by ¥45.3 billion to ¥3,334.0 billion. Total shareholders' equity increased by ¥38.1 billion to ¥2,587.6 billion.
Total accumulated other comprehensive income decreased by ¥39.6 billion to ¥477.5 billion and non-controlling interests in net
assets increased by ¥46.8 billion to ¥268.8 billion.
Cash and cash equivalents as of December 31, 2015 totaled ¥132.5 billion reflecting a net decrease of ¥128.4 billion from¥260.9 billion at the end of the previous fiscal year.
Cash flows from operating activities, investing activities and financing activities are as follows:
1) Cash flows from operating activities
Net cash provided by operating activities increased by ¥21.0 billion to ¥151.4 billion from the corresponding period of theprevious fiscal year. This is due mainly to decreases in income taxes paid and accounts receivable-other, despite a decrease inincome before income taxes owing to a decrease in sales prices of crude oil and natural gas.
2) Cash flows from investing activities
Net cash used in investing activities was ¥425.4 billion, meanwhile, net cash provided by investing activities for the previous
period was ¥40.8 billion. This is due mainly to increases in payments for long-term time deposits and payments for purchase ofmining rights.
3) Cash flows from financing activities
Net cash provided by financing activities was ¥148.0 billion, meanwhile, net cash used in financing activities for the previous
period was ¥4.4 billion. This is due mainly to increases in proceeds from long-term debt and proceeds from non-controllinginterests for additional shares.

3

(3) Explanation regarding future forecast information such as Forecasts for Consolidated Financial Results
Forecasts for consolidated financial results for the year ending March 31, 2016 have been revised from the previous forecastspresented on November 10, 2015, taking into consideration the consolidated financial results for the nine months ended December
31, 2015.
Forecasts for consolidated financial results for the year ending March 31, 2016
Operating income

Net sales(Millions of yen)
Net income attributable toOrdinary income
owners of parent
434,000
70,000Previous Forecasts: A

1,069,000

418,000

Revised Forecasts: B

997,000

364,000

375,000

52,000

Increase (Decrease): B A(72,000)(54,000)(59,000)(18,000)(6.7)(12.9)(13.6)(25.7)

Percentage change (%)

Note: In light of the substantial decline in crude oil prices, the Company is currently revaluating the assets of its upstream projects.

The Company may recognize impairment losses mainly on producing projects, depending on the future outlook of crude oil
prices and project reviews, etc. In the case where such impairment losses occur, the Company will issue an announcement.
The above forecasts are calculated based on the following assumptions:
Previous Forecasts

Revised Forecasts

Crude oil price(Brent)

1st Half:
2nd Half:
Full Year:

US$ 57.3/bbl (Actual)
US$ 50.0/bbl
US$ 53.7/bbl (Average)

1st Half:
2nd Half:
Full Year:

US$ 57.3/bbl (Actual)
US$ 37.4/bbl
US$ 47.3/bbl (Average)

Exchange rate

1st Half:
2nd Half:
Full Year:¥121.9/US$ (Actual)¥120.0/US$¥120.9/US$ (Average)

1st Half:
2nd Half:
Full Year:¥121.9/US$ (Actual)¥120.7/US$¥121.3/US$ (Average)

Note:Crude oil prices at which the Company sells products depend on the type of crude oil, and there are also price differences between the crude oil price andBrent price. Price differences are caused by its quality and its pricing range which is affected by the market conditions. Most of the crude oil prices theCompany sells are lower than Brent price.

42. Notes Regarding Summary Information (Notes)(1) Significant changes in scope of consolidation:
None(2) Adoption of accounting treatments which are exceptional for quarterly consolidated financial statements:
None(3) Changes in accounting policies, accounting estimates and restatement of corrections:(Changes in accounting policies)
Effective from the three months ended June 30, 2015, the Company has applied the "Revised Accounting Standard for Business
Combinations" (Accounting Standards Board of Japan Statement No.21, issued on September 13, 2013), "Revised AccountingStandard for Consolidated Financial Statements" (ASBJ Statement No.22, issued on September 13, 2013), "Revised AccountingStandard for Business Divestitures" (ASBJ Statement No.7, issued on September 13, 2013), and other standards.
Accordingly, any difference arising from changes in the Company's ownership interest in a subsidiary when the Company retains
control over the subsidiary is recognized in capital surplus, and acquisition-related costs are expensed in the fiscal year in which
the costs are incurred.
As for business combinations executed at or after the beginning of the three months ended June 30, 2015, adjustments to theallocation of acquisition costs after the confirmation of the provisional accounting treatment are reflected in the quarterly
consolidated financial statements for the fiscal period which includes the acquisition date.
In addition, the presentation method of net income was amended and "minority interests" was renamed "non-controlling interests".
To reflect these changes in presentation, consolidated financial statements for the nine months ended December 31, 2014 and forthe year ended March 31, 2015 have been reclassified.
The Company has applied these standards from the beginning of the three months ended June 30, 2015 in accordance withtransitional treatments as stated in Section 58-2(4) of the "Revised Accounting Standard for Business Combinations", Section 445(4) of the "Revised Accounting Standard for Consolidated Financial Statements", and Section 57-4(4) of the "Revised
Accounting Standard for Business Divestitures".
As a result, capital surplus decreased by ¥3,014 million as of December 31, 2015. The impact on the profit and loss for the ninemonths ended December 31, 2015 was immaterial.

53. Consolidated Financial Statements(1) Consolidated Balance Sheet(Millions of yen)Accounts

As of March 31, 2015

As of December 31, 2015

(Assets)
Current assets
Cash and deposits

922,683

722,665

Accounts receivable-trade77,20966,595Marketable securities

162,289

61,802Inventories

31,652

41,363

Other

161,481

141,748

Less allowance for doubtful accounts(12,905)(12,865)

Total current assets

1,342,409

1,021,309

Buildings and structures, net

138,010

127,837

Wells, net

36,391

57,761

Machinery, equipment and vehicles, net

109,686

142,133

Land

19,86919,6781,173,409

1,386,223

20,254

18,236

1,497,621

1,751,870

Goodwill

74,31969,249Other384,450

505,182

Total intangible assets

458,769

574,431

Investment securities

284,090

239,138

Recoverable accounts under production sharing

703,291

754,648

Other

345,803424,500

Less allowance for doubtful accounts

Fixed assets
Tangible fixed assets

Construction in progress
Other, net
Total tangible fixed assets
Intangible assets

Investments and other assets(8,398)(8,326)

Less allowance for recoverable accounts under
production sharing(121,707)(144,197)

Less allowance for investments in exploration(2,727)(2,307)1,200,352

1,263,456

3,156,743

3,589,758

4,499,153

4,611,068

Total investments and other assets
Total fixed assets
Total assets

6

(Millions of yen)Accounts

As of March 31, 2015

As of December 31, 2015

(Liabilities)
Current liabilities
Accounts payable-trade53,47454,413

Short-term loans

33,20670,327

Income taxes payable

60,18531,087

Provision for exploration projects

9,492

6,817

Accrued bonuses to officers

70

51

Asset retirement obligations

1,093

375

Other

207,690

198,839

Total current liabilities

365,212361,911

643,951

700,558

9,080

9,100

227

255

Liability for retirement benefits

6,700

6,650

Asset retirement obligations

105,234

89,820Other

80,044

108,715

Total long-term liabilities

845,238

915,101

1,210,450

1,277,013

Common stock

290,809290,809

Capital surplus

679,287

676,273

Retained earnings

1,584,645

1,625,812

Treasury stock(5,248)(5,248)2,549,494

2,587,647

Unrealized holding gain on securities

46,04926,190

Unrealized loss from hedging instruments(36,423)(18,331)Translation adjustments

507,560

469,664

Total accumulated other comprehensive income

517,185

477,524

222,023

268,882

Total net assets

3,288,703

3,334,054

Total liabilities and net assets

4,499,153

4,611,068

Long-term liabilities
Long-term debt
Provision for loss on business
Accrued special repair and maintenanceTotal liabilities(Net assets)
Shareholders equity

Total shareholders equity
Accumulated other comprehensive income

Non-controlling interests7(2) Consolidated Statement of Income and Consolidated Statement of Comprehensive Income
Consolidated Statement of Income
Accounts

For the nine months ended
December 31, 2014

(Millions of yen)
For the nine months ended
December 31, 2015

Net sales

926,597809,091

Cost of sales

388,786

402,262

Gross profit

537,810

406,828

Exploration expenses

21,3193,999

Selling, general and administrative expenses

63,79264,474

Operating income

452,698

338,354

Interest income

8,695

7,487

Dividend income

3,033

3,480

Gain on sales of marketable securities

4,715

11,488Equity in earnings of affiliates

9,245

Foreign exchange gain

6,821

12,252

Other

31,472

14,875

Total other income

63,984

49,584

2,092

2,932

Other income

Other expenses
Interest expense
Equity in losses of affiliates

1,107

Provision for allowance for recoverable accounts under
production sharing

10,15722,192

Provision for exploration projects

1,097

305

Other

10,977

7,061

Total other expenses

24,32433,599Ordinary income

492,358

354,339

Income before income taxes

492,358

354,339

Income taxes-current

375,818

293,785

Income taxes-deferred

14,154

9,523

Total income taxes

389,973

303,309

Net income

102,385

51,030601(16,423)

101,783

67,453

Net income (loss) attributable to non-controlling interests
Net income attributable to owners of parent

8

Consolidated Statement of Comprehensive Income
Accounts

For the nine months ended
December 31, 2014

Net income(Millions of yen)
For the nine months ended
December 31, 2015

102,385

51,030

Unrealized holding gain (loss) on securities

11,375(19,862)

Translation adjustments

188,635(57,761)

Share of other comprehensive income of associates
accounted for by the equity method(14,171)

17,418

Total other comprehensive income

185,839(60,205)

288,225(9,174)

287,618

27,792606(36,967)

Other comprehensive income

Comprehensive income
Total comprehensive income attributable to
Owners of parent
Non-controlling interests9(3) Consolidated Statement of Cash Flows
For the nine months ended
December 31, 2014

Accounts(Millions of yen)
For the nine months ended
December 31, 2015

Cash flows from operating activities
Income before income taxes

492,358

354,339

Depreciation and amortization

37,87458,754

Amortization of goodwill

5,070

5,070

Provision for allowance for recoverable accounts
under production sharing

13,13523,709Provision for exploration projects(688)(2,360)

Other provisions

1,266

(174)

159

152

(11,728)(10,750)

Interest expense

2,092

2,275

Foreign exchange loss (gain)

6,825

3,467

Equity in (earnings) losses of affiliates(9,245)

1,107

Loss (gain) on sales of marketable securities(4,715)(11,488)

54,43039,856(50,413)(36,754)

Accounts receivable-trade

7,178

4,669

Inventories(6,696)(5,822)

Accounts payable-trade

9,331

3,379

Accounts receivable-other

4,420

44,597

Other(42,626)(12,595)

Subtotal

508,030

461,434

Interest and dividends received

21,016

19,543

Interest paid

(1,228)(1,693)

Income taxes paid

(397,429)(327,827)

Net cash provided by (used in) operating activities

130,388

151,455

Liability for retirement benefits
Interest and dividend income

Recovery of recoverable accounts under production sharing(capital expenditures)
Recoverable accounts under production sharing(operating expenditures)

10

For the nine months ended
December 31, 2014

Accounts(Millions of yen)
For the nine months ended
December 31, 2015

Cash flows from investing activities
Payments for time deposits(142,589)(376,014)

Proceeds from time deposits

519,103680,979

Payments for long-term time deposits(112,181)(439,989)

Payments for purchases of tangible fixed assets(338,154)(371,123)

Proceeds from sales of tangible fixed assets

124

1,038

Payments for purchases of intangible assets(4,530)(20,171)

Proceeds from sales and redemptions of marketable securities

147,088

115,112

Payments for purchases of investment securities(25,667)(6,658)Proceeds from sales and redemptions of investment securities

65,91427,700Investment in recoverable accounts under production sharing(capital expenditures)(60,412)(54,105)

Decrease (increase) in short-term loans receivable(4,982)(7,285)Long-term loans made(29,566)(218,249)

Collection of long-term loans receivable

208

389,862

Payments for purchase of mining rights(17,800)(134,383)

Other

44,325(12,206)

Net cash provided by (used in) investing activities

40,879(425,492)

Increase (decrease) in short-term loans

1,580

198

Proceeds from long-term debt

24,939116,120

Repayments of long-term debt

(16,144)(22,694)

Proceeds from non-controlling interests for additional shares

15,52484,751

Cash dividends paid

(26,289)(26,302)

Cash dividends paid to non-controlling interests(3,939)(3,939)

(137)

(61)

(4,465)148,072

Effect of exchange rate changes on cash and cash equivalents

19,016(2,495)

Net increase (decrease) in cash and cash equivalents

185,818(128,459)

Cash and cash equivalents at beginning of the period

117,530

260,978

Cash and cash equivalents at end of the period

303,349

132,518

Cash flows from financing activities

Other
Net cash provided by (used in) financing activities11(4) Notes to Consolidated Financial Statements(Conditions or events that indicate there could be substantial doubt about the Company's ability to continue as a going concern)
For the nine months ended December 31, 2015 (April 1, 2015 through December 31, 2015):
None(Note on significant changes in shareholders' equity)
For the nine months ended December 31, 2015 (April 1, 2015 through December 31, 2015):
None

12

(Segment information)
I. For the nine months ended December 31, 2014 (April 1, 2014 through December 31, 2014)
1. Information on sales and income (loss) by reportable segment(Millions of yen)
Reportable segments
Adjustments Consolidated
*1
*2

Japan

Asia &
Oceania

Eurasia(Europe& NIS)

91,780320,235

77,076

428,597

8,907

926,597―926,597

―

―

―

―

―

―

―

―

91,780320,235

77,076

428,597

8,907

926,597―926,597

8,176

156,133

27,703

280,334(12,009)460,338(7,639)452,698

Middle East
Americas& Africa

Total

Net sales
Sales to third parties
Intercompany sales andtransfers between segments
Total
Segment income (loss)

Note: 1. Adjustments of segment income of ¥(7,639) million include elimination of inter-segment transactions of ¥157 million and corporate expenses of¥(7,797) million. Corporate expenses are mainly amortization of goodwill and general administrative expenses that are not allocated to a reportablesegment.
2. Segment income is reconciled with operating income on the consolidated statement of income.

2. Information on impairment loss from fixed assets, goodwill and other items by reportable segment
None
II. For the nine months ended December 31, 2015 (April 1, 2015 through December 31, 2015)
1. Information on sales and income (loss) by reportable segment(Millions of yen)
Reportable segments
Adjustments Consolidated
*1
*2

Japan

Asia &
Oceania

Eurasia(Europe& NIS)

77,564249,180

51,509420,378

10,457809,091―

809,091

―

―

―

―

―

―

―

―

77,564249,180

51,509420,378

10,457809,091―

809,091

4,577

89,91012,290246,040(6,725)

346,092(7,737)338,354

Middle East
Americas& Africa

Total

Net sales
Sales to third parties
Intercompany sales andtransfers between segments
Total
Segment income (loss)

Note: 1. Adjustments of segment income of ¥(7,737) million include elimination of inter-segment transactions of ¥152 million and corporate expenses of¥(7,890) million. Corporate expenses are mainly amortization of goodwill and general administrative expenses that are not allocated to a reportablesegment.
2. Segment income is reconciled with operating income on the consolidated statement of income.

2. Information on impairment loss from fixed assets, goodwill and other items by reportable segment
None(Subsequent events)
For the nine months ended December 31, 2015 (April 1, 2015 through December 31, 2015):
None

13

4. Supplementary Information(1) Production, Orders Received and Sales Performance1) Actual production
The following table shows actual production by segment:
For the nine months ended
Segment
Category
December 31, 2014
0.8 MMbbls
Crude oil
(2.8 Mbbls per day)
28.1 Bcf
Natural gas(102.1 MMcf per day)
6.1 MMboe
Japan
Subtotal(22.0 Mboe per day)
IodineElectric power
generation
Crude oil
Asia & Oceania

Natural gas
Subtotal

Eurasia(Europe & NIS)

Crude oil

Middle East & Africa

Crude oil
Crude oil

AmericasNatural gas
Subtotal
Crude oil
Natural gas

Total

Subtotal
IodineElectric power
generation

For the nine months ended
December 31, 2015
0.8 MMbbls(3.0 Mbbls per day)30.2 Bcf(109.9 MMcf per day)
6.5 MMboe(23.7 Mboe per day)

346.6 tons

377.7 tons

148.8 million kWh

146.5 million kWh11.1 MMbbls(40.5 Mbbls per day)
180.1 Bcf
(654.9 MMcf per day)45.2 MMboe(164.5 Mboe per day)
7.1 MMbbls(25.8 Mbbls per day)46.1 MMbbls(167.8 Mbbls per day)
0.6 MMbbls(2.3 Mbbls per day)28.9 Bcf(104.9 MMcf per day)
5.7 MMboe(20.9 Mboe per day)
65.8 MMbbls(239.2 Mbbls per day)
237.0 Bcf
(861.9 MMcf per day)
110.2 MMboe(400.9 Mboe per day)13.6 MMbbls(49.5 Mbbls per day)
197.2 Bcf
(717.2 MMcf per day)
50.7 MMboe(184.3 Mboe per day)
8.6 MMbbls(31.2 Mbbls per day)
67.9 MMbbls(246.9 Mbbls per day)
2.1 MMbbls(7.5 Mbbls per day)23.1 Bcf(83.8 MMcf per day)
6.2 MMboe(22.4 Mboe per day)
93.0 MMbbls(338.2 Mbbls per day)
250.5 Bcf
(910.9 MMcf per day)
139.8 MMboe(508.5 Mboe per day)

346.6 tons

377.7 tons

148.8 million kWh

146.5 million kWh

Note: 1. The volume of LPG produced overseas is included in 'Crude oil.'
2. A portion of crude oil and natural gas production volume is consumed as fuel to generate electricity.
3. The production by the Company's affiliates accounted for by the equity method is included in the figures above.
Also the production volume is a result for the nine months ended December 31 regardless of a closing date of fiscal periods of its subsidiaries oraffiliates.
4. The production volume of crude oil and natural gas under the production sharing contracts entered into by INPEX Group corresponds to the net
economic take of the group.
Figures calculated by multiplying the gross production volume by the Company's interest share are 85.8 MMbbls (312.1 Mbbls per day) of crude oil,
303.5 Bcf (1,103.7 MMcf per day) of natural gas, and in total 143.0 MMboe (519.9 Mboe per day) for the nine months ended December 31, 2014, and109.8 MMbbls (399.4 Mbbls per day) of crude oil, 325.4 Bcf (1,183.4 MMcf per day) of natural gas, and in total 170.8 MMboe (621.0 Mboe per day)for the nine months ended December 31, 2015.
5. Boe means barrels of oil equivalent.
6. Iodine is refined by other company on consignment.
7. Figures are rounded to one decimal place.

142) Orders received
Disclosure on this information is omitted because the amount of orders received is accounted for a minor portion of total sales.
3) Actual sales
The following table shows sales by segment:

Segment

CategoryJapan

Crude oil

556 Mbbls

6,028

501 Mbbls

3,385

Natural gas(excluding LPG)

46,765 MMcf

71,66844,989 MMcf

64,1175 Mbbls42

5 Mbbls31

LPG

Asia & Oceania(Millions of yen)
For the nine months ended
December 31, 2015
Sales volume
Net sales

For the nine months ended
December 31, 2014
Sales volume
Net sales

Other

14,041

10,030Subtotal

91,78077,564Crude oil

7,498 Mbbls

79,040

10,489 Mbbls

69,363Natural gas(excluding LPG)

151,837 MMcf

224,201

179,616 MMcf

170,722LPG

2,200 Mbbls

16,993

1,952 Mbbls

9,094

Subtotal

320,235

249,180

Eurasia(Europe & NIS)

Crude oil

7,427 Mbbls

77,076

7,917 Mbbls

51,509Middle East & Africa

Crude oil

43,060 Mbbls

428,597

66,248 Mbbls

420,378

Crude oil21 Mbbls

220

1,267 Mbbls

7,000

28,002 MMcf

8,687

25,505 MMcf

3,457

Natural gas(excluding LPG)

Americas

8,907

Subtotal

Total

10,457

Crude oil

58,562 Mbbls

590,963

86,423 Mbbls

551,637Natural gas(excluding LPG)

226,605 MMcf

304,557

250,110 MMcf

238,297

LPG

2,205 Mbbls

17,035

1,957 Mbbls

9,125

Other

14,041

10,030

Total

926,597809,091

Note: 1. The above amounts do not include the related consumption tax.
2. The Company's subsidiaries of which closing date for fiscal year is December 31 are principally consolidated their operating results for the ninemonths ended September 30 except those subsidiaries prepared their financial statements for consolidation purpose as of the consolidation closing date.
However, the significant effects of the difference in fiscal periods were properly adjusted in consolidation.
3. Sales volumes are rounded to the nearest whole number.
4. Sales for a major customer and sales as a percentage of total net sales are as follows.

Customer

ADNOC

For the nine months ended
December 31, 2015
Amounts
Ratio(Millions of yen)(%)

For the nine months ended
December 31, 2014
Amounts
Ratio(Millions of yen)
(%)
―

15

―

102,39112.7