ファConsolidated Financial Results for the Nine Months ended December 31, 2009
February 5, 2010
Note: The following report is an English translation of the Japanese-language original.
Company name

: INPEX CORPORATION

Stock Exchange on which the Company is listed : Tokyo Stock Exchange

Code number: 1605

URL http://www.inpex.co.jp/

Representative: Naoki Kuroda, President

Contact person: Kazuhiko Itano, General Manager, Corporate Communications Unit
TEL+81-3-5572-0233

Scheduled date of filing Quarterly Financial Report : February 10, 2010
: ―Scheduled date of payment of cash dividends(Amounts less than one million yen are rounded off)
1. Consolidated Financial Results for the Nine Months ended December 31, 2009 (April 1, 2009-December 31, 2009)(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, 2009
December 31, 2008

Operating income

Millions of yen%

615,979
922,643(33.2)

335,755
600,887―

Net income per
Share—basic
For the nine months ended
December 31, 2009
December 31, 2008

Ordinary income

Millions of yen%

Net income

Millions of yen(44.1)

320,774
561,872―%

Millions of yen(42.9)

80,690140,860―%(42.7)―Net income pershare—diluted
Yen

Yen

―
―

34,285.38
59,806.81(2) Consolidated financial position
Total assets
Millions of yen

As of December 31, 2009
As of March 31, 2009

Net assets excluding minority interests
Net assets excluding
as a percentage of total assets
minority interests per share
Millions of yen%
Yen

Net assets

1,948,916
1,768,044

1,452,740
1,362,060

69.4
71.9

574,614.08
540,100.10(Reference): Net assets excluding minority interests: ¥ 1,352,350 million as of December 31, 2009
¥ 1,271,122 million as of March 31, 2009

2. Dividends
Cash dividends per share
At 1st quarter end At 2nd quarter end At 3rd quarter end At fiscal year end
Yen

For the year ended
March 31, 2009

Yen

4,000.00

―

Total

Yen

Yen

Yen

―

4,000.00

8,000.00

For the year ending
2,500.00――
March 31, 2010
For the year ending
2,500.00
5,000.00
March 31, 2010 (forecast)(Reference): Changes in projected dividends for the year ending March 31, 2010 from the previous forecast: None

3. Forecasted Consolidated Financial Results for the year ending March 31, 2010 (April 1, 2009-March 31, 2010)(Figures in % represent the changes from the previous fiscal year)

Net sales
Millions of yen
For the year ending
March 31, 2010

Operating income% Millions of yen

823,000 (23.5)

Ordinary income% Millions of yen

434,000 (34.6)% Millions of yen

412,000 (33.1)

Net income pershare

Net income

100,000%

Yen(31.1)

42,490.02(Reference): Changes in forecasted consolidated financial results for the year ending March 31, 2010 from the previous forecast: Yes

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4. Others(1) Significant changes in scope of consolidation: None(2) Adoption of simplified accounting method or special accounting treatment for preparationof quarterly consolidated financial statements:: None(3) Changes in accounting principles, procedures, presentations, etc., pertaining to preparation of quarterly consolidated financial
statements (those to be stated as “Changes to the Basis of Presenting Consolidated Financial Statements”):
1. Changes associated with revision in accounting standards:None
2. Other changes:None(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. Number of average shares:

2,358,410 shares as of December 31, 2009
2,358,410 shares as of March 31, 2009
4,916 shares as of December 31, 2009
4,916 shares as of March 31, 2009
2,353,494 shares for the nine months ended December 31, 2009
2,355,260 shares for the nine months ended December 31, 2008

*Explanation regarding the appropriate use of estimated consolidated financial results
The aforementioned forecasts are based on currently available information and contain many uncertainties. The final results might besignificantly different from the aforementioned forecasts due to changes in business conditions including oil and gas price levels,
exchange rates such as Japanese yen to U.S. dollar rate, production and sales plans, project development schedules, government
regulations and financial and tax schemes. Please refer to “3. Qualitative Information on Forecasted Consolidated Financial Results”
on page 4.

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【Qualitative Information / Financial Statements】
1. Qualitative Information on Consolidated Financial Results
During the nine months ended December 31, 2009, consolidated net sales were ¥615,979 million (decreased by ¥306,664 million, or
33.2%, from the corresponding period of the previous fiscal year) due mainly to a decrease in sales price of crude oil and natural gas
and appreciation of Japanese yen, despite increase in sales volume. Net sales of crude oil decreased by ¥209,707 million, or 36.8%, to¥359,736 million, and net sales of natural gas decreased by ¥94,831 million, or 28.6%, to ¥236,735 million, respectively. Sales
volume of crude oil increased by 1,760 Mbbls, or 3.1%, to 57,738 Mbbls. Sales volume of natural gas increased by 18,354 MMcf, or
6.3%, to 310,071 MMcf. Sales volume of natural gas produced overseas increased by 19,657 MMcf, or 7.9%, to 267,195 MMcf, andsales volume of natural gas produced domestically decreased by 35 MM㎥, or 2.9%, to 1,149 MM㎥ (42,875 MMcf). The averagesales price of crude oil produced overseas decreased by US$30.26 per bbl, or 31.4 %, to US$66.08 per bbl, and the average sales priceof natural gas produced overseas decreased by US$3.36 per Mcf, or 31.7%, to US$7.25 per Mcf. In addition, the average sales priceof natural gas produced domestically decreased by ¥1.16, or 3.1%, to ¥36.69 per ㎥. The average exchange rate of Japanese yen on
consolidated net sales appreciated by ¥11.07, or 10.6%, to ¥93.34 per U.S. dollar from the corresponding period of the previous fiscal
year.
The decrease of ¥306.6 billion in net sales was derived mainly from the following factors: an increase in sales volume of crude oil andnatural gas adversely affected ¥47.0 billion, a decrease in unit sales price affected ¥286.1 billion, the appreciation of Japanese yen
against U.S. dollar affected ¥65.4 billion and net sales excluding crude oil and natural gas decreased ¥2.1 billion.
Cost of sales for the nine months ended December 31, 2009 decreased by ¥34,947 million, or 13.8%, to ¥218,772 million due mainly
to a decrease in royalty in the ADMA Block owing to the decrease in sales. Exploration expenses decreased by ¥6,932 million, or
38.0%, to ¥11,322 million due mainly to a decrease in exploration activities in Oceania. Selling, general and administrative expenses
increased by ¥347 million, or 0.7%, to ¥50,129 million. As a result, operating income decreased by ¥265,132 million, or 44.1%, to¥335,755 million.
Other income decreased by ¥13,967 million, or 56.9 %, to ¥10,595 million due to a decrease in interest income and dividend income.
Other expenses decreased by ¥38,001 million, or 59.8%, to ¥25,576 million due mainly to a decrease in provision for allowance forrecoverable accounts under production sharing owing to a decrease in exploration activities in the Masela Block, and a significant
decrease in loss on valuation of investment securities from the corresponding period of the previous fiscal year, despite an increase inforeign exchange loss. As a result, ordinary income decreased by ¥241,097 million, or 42.9%, to ¥320,774 million.
Total amount of current income taxes decreased by ¥200,320 million, or 46.1%, to ¥233,933 million, and deferred income taxes were¥(1,407) million, and minority interests were ¥7,558 million. As a result of the above effects, net income for the nine months ended
December 31, 2009 decreased by ¥60,170 million, or 42.7%, to ¥80,690 million from the corresponding period of the previous fiscal
year.
Financial results of geographical segment are as follows:(1) Japan
Net sales decreased by ¥6,500 million, or 9.2%, to ¥64,315 million due to a decrease in sales price of products, and in sales
volume of crude oil and natural gas. Operating income decreased by ¥5,294 million, or 20.1%, to ¥21,059 million.
(2) Asia - Oceania
Net sales decreased by ¥106,566 million, or 28.7%, to ¥264,376 million due to a decrease in sales price of crude oil and natural
gas despite an increase in sales volume, and operating income decreased by ¥118,988 million, or 46.0%, to ¥139,923 million.
(3) Eurasia (Europe - NIS)
Net sales decreased by ¥13,114 million, or 20.9%, to ¥49,733 million due to a decrease in sales price of crude oil, despite anincrease in sales volume of crude oil in the ACG oil fields, and operating income decreased by ¥5,535 million, or 17.0%, to¥27,004 million.
(4) Middle East - Africa
Net sales decreased by ¥186,415 million, or 45.3%, to ¥225,052 million due to a decrease in sales price and sales volume ofcrude oil in the ADMA Block, and operating income decreased by ¥135,900 million, or 47.0%, to ¥153,218 million.
(5) Americas
Net sales increased by ¥5,933 million, or 90.3%, to ¥12,502 million due to an increase in sales volume of crude oil despite adecrease in sales price, and operating income increased by ¥1,195 million to ¥798 million.
2. Qualitative Information on Consolidated Financial Position
Total assets as of December 31, 2009 increased by ¥180,871 million to ¥1,948,916 million from ¥1,768,044 million as of March 31,
2009. This is due mainly to an increase in recoverable accounts under production sharing by ¥48,633 million owing to the investments
at the Kashagan oil field etc., an increase in tangible fixed assets by ¥41,336 million owing to the construction of LNG receiving
terminal at Naoetsu.
Meanwhile, total liabilities increased by ¥90,191 million to ¥496,176 million from ¥405,984 million. Current liabilities increased by¥72,467 million to ¥278,527 million and long-term liabilities increased by ¥17,723 million to ¥217,648 million.
Net assets increased by ¥90,679 million to ¥1,452,740 million, of which minority interests in net assets increased by ¥9,451 million to¥100,389 million.
Cash and cash equivalents as of December 31, 2009 totaled ¥202,452 million reflecting a net increase of ¥39,607 million from

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¥162,844 million at the end of the previous fiscal year.
Cash flows from operating activities, investing activities and financial activities and those factors are as follows:(1) Cash flows from operating activities
Net cash provided by operating activities was ¥178,188 million (decreased by ¥31,819 million from the corresponding period of
the previous fiscal year). This is due mainly to a decrease in income before income taxes and minority interests and income taxes
paid owing to a decrease in sales price of crude oil.
(2) Cash flows from investing activities
Net cash used in investing activities was ¥171,385 million (decreased by ¥24,308 million from the corresponding period of theprevious fiscal year). This is due mainly to a decrease in payments for purchases of investment securities.
(3) Cash flows from financial activities
Net cash provided by financial activities was ¥38,511 million, whereas net cash used was ¥47,370 million during thecorresponding period of the previous fiscal year. This is due to an increase in short-term loans, proceeds from long-term debt anddecrease in repayments of long-term debt.

3. Qualitative Information on Forecasted Consolidated Financial Results
Consolidated financial forecasts for the year ending March 31, 2010 have been revised from the previous forecast presented on
November 4, 2009, taking into consideration the consolidated financial results for the nine months ended December 31, 2009 as well
as revised assumptions of crude oil prices, exchange rate and so on.
Forecasts for consolidated financial results for the year ending March 31, 2010
Operating
Net sales
incomePrevious Forecasts: Ａ
778,000
388,000(Millions of yen)
Ordinary
incomeNet income

372,000

86,000

Revised Forecasts: Ｂ

823,000

434,000

412,000

100,000

Increase (Decrease): Ｂ－Ａ

45,00046,00040,00014,000

5.8

11.9

10.8

16.3

Percentage change (%)

The above forecasts are calculated based on the following assumptions:
Previous Forecasts

Revised Forecasts

1st Half (April 1, 2009-September 30, 2009) : 1st Half (April 1, 2009-September 30, 2009) :US$ 64.4/bbl (Actual)
US$ 64.4/bbl (Actual)
2nd Half (October 1, 2009- March 31, 2010) : 2nd Half *1 (October 1, 2009- March 31, 2010) :Crude Oil Price(Brent)US$ 65.0/bbl
US$ 72.8/bbl
Full Year (April 1, 2009- March 31, 2010) :Full Year (April 1, 2009- March 31, 2010) :US$64.7/bbl
US$68.6/bbl
st
1 Half (April 1, 2009-September 30, 2009) : 1st Half (April 1, 2009-September 30, 2009) :¥95.5/US$1 (Actual)¥95.5/US$1 (Actual)
2nd Half (October 1, 2009- March 31, 2010) : 2nd Half *2 (October 1, 2009- March 31, 2010) :Exchange rate
¥90.0/US$1¥89.9/US$1
Full Year (April 1, 2009- March 31, 2010) :Full Year (April 1, 2009- March 31, 2010) :¥92.8/US$1¥92.7/US$1*1 3rd quarter (Actual) : US$ 75.6/bbl, 4th quarter (Forecast) : US$ 70.0/bbl*2 3rd quarter (Actual) : ¥89.7/US$1, 4th quarter (Forecast) : ¥90.0/US$1

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 and Brent price. Price differences are caused by its quality and its pricing range which is affected by themarket conditions. Most of the crude oil prices are lower than Brent price.
4. Others
None

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印刷日時:10/02/03 16:02

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

Condensed balance sheet as ofMarch 31, 2009

As of December 31, 2009

(Assets)
Current assets
Cash and deposits

143,272

117,393

Accounts receivable-trade96,53473,540Marketable securities

163,652

149,507

Inventories

13,10818,205

Other71,37052,491(23)(28)

487,914411,110

338,972

297,635

Goodwill

109,813

114,883

Other

132,229

138,797

Total intangible assets

242,042

253,680

Investment securities

370,276

344,698

Recoverable accounts under
production sharing

502,555

453,922

Other

115,323

106,262

(490)

(528)

(92,969)(87,828)(14,708)(10,907)879,986805,618

1,461,001

1,356,934

1,948,916

1,768,044

Allowance for doubtful accounts
Total current assets
Fixed assets
Tangible fixed assets
Intangible assets

Investments and other assets

Allowance for doubtful accounts
Allowance for recoverable accounts
under production sharing
Allowance for investments in
exploration
Total investments and other assets
Total fixed assets
Total assets― 5 ―更新日時:2010/01/28 14:36:00

ァイル名:②H22.3_第3四半期BS【OK】.DOC

印刷日時:10/02/03 16:02(Millions of yen)Accounts

Condensed balance sheet as ofMarch 31, 2009

As of December 31, 2009

(Liabilities)
Current liabilities
Accounts payable-trade

13,083

11,873

Short-term loans

52,427

27,816

Income taxes payable

87,12770,419Provision for exploration projects

11,018

7,948

117

134

Other

114,751

87,867

Total current liabilities

278,527

206,059

156,741

136,430

8,061

8,545

14,00814,192

1,964

1,964

437

404

Other

36,43538,387

Total long-term liabilities

217,648

199,924

Total liabilities

496,176405,984

Common stock

30,00030,000Capital surplus

418,477

418,477

Retained earnings

910,225

844,832

Treasury stock(5,248)(5,248)1,353,454

1,288,062

9,383(6,817)―(0)Translation adjustments(10,487)(10,121)

Total valuation, translation adjustments
and others(1,104)(16,939)

Minority interests

100,389

90,938

Total net assets

1,452,740

1,362,060

Total liabilities and net assets

1,948,916

1,768,044

Accrued bonuses to officers

Long-term liabilities
Long-term debt
Accrued retirement benefits to employees
Liabilities for site restoration anddecommissioning costs
Liabilities for losses on development
activities
Accrued special repair and maintenance(Net assets)
Shareholders’ equity

Total shareholders’ equity
Valuation, translation adjustments andothers
Unrealized holding gain (loss) on
securities
Unrealized loss from hedging
instruments― 6 ―ァイル名:③H22.3第3四半期_PL【OK】.DOC

更新日時(2) Consolidated Statements of Income(Millions of yen)
For the nine months ended
December 31, 2008

Accounts

For the nine months ended
December 31, 2009

Net sales

922,643615,979

Cost of sales

253,720

218,772

Gross profit

668,923

397,207

Exploration expenses

18,254

11,322

Selling, general and administrative expenses

49,781

50,129Operating income

600,887335,755

Interest income

5,967

3,303

Dividend income

10,5683,235

Equity in earnings of affiliates

1,315

―

Other

6,711

4,056

Total other income

24,562

10,595

3,547

864

Other income

Other expenses
Interest expense―

941

Provision for allowance for recoverable accounts under
production sharing

15,265

3,170

Provision for exploration projects

2,394

4,420

Loss on valuation of investment securities

30,152―Foreign exchange loss

5,143

10,122

Other

7,075

6,056

Total other expenses

63,57825,576

Ordinary income

561,872

320,774

Income before income taxes and minority interests

561,872

320,774

Income taxes-current

434,254

233,933

Income taxes-deferred(15,110)(1,407)

Total income taxes

419,143

232,525

Minority interests

1,868

7,558

140,860

80,690Equity in losses of affiliates

Net income― 7 ―ファイル名:④H22.3_第3四半期CF【OK】.DOC

更(3) Consolidated Statements of Cash Flows(Millions of yen)Accounts

For the nine months ended
December 31, 2008

For the nine months ended
December 31, 2009

Cash flows from operating activities
Income before income taxes and minority interests

561,872

320,774

Depreciation and amortization

31,79929,947

Amortization of goodwill

5,070

5,068

18,0495,568(3,477)

3,147

Provision for accrued retirement benefits to employees

(219)

(484)

Provision for site restoration and decommissioning costs

1,100

(171)

Provision for allowance for recoverable accounts
under production sharing
Provision for exploration projects

Other provisions

2,125

3,774

(16,535)(6,539)Interest expense

3,547

864

Foreign exchange loss

5,131

1,628

Equity in (earnings) losses of affiliates(1,315)

941

Loss on the valuation of investment securities

30,152―35,26535,572(25,055)(8,863)58,256(23,375)

936

5,033

Interest and dividend income

Recovery of recoverable accounts under production
sharing (capital expenditures)
Recoverable accounts under production sharing(operating expenditures)
Accounts receivable-trade
Inventories
Accounts payable-trade(11,481)

1,157

Accounts receivable-other

30,048(23,003)

Accounts payable-other(48,242)

27,611Other(2,862)

8,653

674,166

387,306

SubtotalInterest and dividends received

16,6207,963Interest paid

(5,031)(1,362)(475,746)(215,717)

210,008

178,188

Income taxes paid
Net cash provided by operating activities― 8 ―ファイル名:④H22.3_第3四半期CF【OK】.DOC

更(Millions of yen)Accounts

For the nine months ended
December 31, 2008

For the nine months ended
December 31, 2009

Cash flows from investing activities
Increase in time deposits(3,059)Decrease in time deposits(6,321)

3,295

2,774

(57,031)(68,515)

Proceeds from sales of tangible fixed assets

314

80

Payments for purchases of intangible assets(2,592)(735)

Payments for purchases of marketable securities(19,082)―

Proceeds from sales of marketable securities

96,31377,320

Payments for purchases of investment securities(132,203)(86,765)6,510―(84,723)(75,694)(45)

36(2,972)(6,232)

Payments for purchases of tangible fixed assets

Proceeds from sales of investment securities
Investment in recoverable accounts under production
sharing (capital expenditures)
Decrease (increase) in short-term loans receivable
Long-term loans madeCollection of long-term loans receivable
Other
Net cash used in investing activities

725

23

(1,142)(7,355)(195,694)(171,385)

15,602

26,226

Cash flows from financing activities
Increase in short-term loans
Proceeds from long-term debt

11,80029,741

Repayments of long-term debt

(59,817)(3,667)

Proceeds from minority interests for additional shares

7,101

1,720

Purchase of treasury stock(3,048)―Cash dividends paid

(18,837)(15,308)

Dividends paid to minority shareholders

(81)

(81)

Other

(90)

(118)

(47,370)

38,511

Effect of exchange rate changes on cash and cash equivalents(5,329)(5,707)

Net increase (decrease) in cash and cash equivalents(38,385)

39,607

Cash and cash equivalents at beginning of the period

222,269

162,844

Cash and cash equivalents at end of the period

183,884

202,452

Net cash provided by (used in) financing activities― 9 ―ファイル名:⑤H22.3第3四半期セグメント-海外売上高-継続企業【OK】.doc更新日時:2010/02/04 18:41:00

印刷日時:10/02/04 19:09(4) Conditions or events that indicate there could be substantial doubt about the Company’s ability to continue as a going concern
None

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印刷日時:10/02/04 19:09(5) Segment information【Business segment information】
For the nine months ended December 31, 2008 (April 1, 2008 through December 31, 2008)
Segment information by business has been omitted because the crude oil and natural gas business accounts for more than 90% of
total sales and operating income.
For the nine months ended December 31, 2009 (April 1, 2009 through December 31, 2009)
Segment information by business has been omitted because the crude oil and natural gas business accounts for more than 90% of
total sales and operating income.

【Geographical segment information】
For the nine months ended December 31, 2008 (April 1, 2008 through December 31, 2008)(Millions of yen)Japan

Asia Oceania

Eurasia(EuropeNIS)

Middle East Africa

Americas70,816

370,942

62,848411,468

6,568

―

―

―

―

Total

70,816

370,942

62,848Operating income (loss)

26,353258,91132,539Eliminations
and other

Consolidated

922,643―922,643

―

―

―

―

411,468

6,568

922,643―922,643

289,118(396)

606,525(5,638)600,887

Total

Net sales(1) Sales to third parties(2) Intercompany sales andtransfers between segments

For the nine months ended December 31, 2009 (April 1, 2009 through December 31, 2009)(Millions of yen)Japan

Asia Oceania

Eurasia(EuropeNIS)

64,315

264,376

49,733225,052

12,502

―

―

―

―

Total

64,315

264,376

49,733Operating income

21,059139,923

27,004

Middle East Africa

AmericasEliminations
and other

Consolidated

615,979―

615,979

―

―

―

―

225,052

12,502615,979―

615,979

153,218798

342,003(6,248)335,755

Total

Net sales(1) Sales to third parties(2) Intercompany sales andtransfers between segments

Notes:

1. Countries and areas are segmented based on their geographic proximity and their mutual operational relationships.
2. Major countries and areas that belong to segments other than Japan are as follows:(1)Asia - Oceania･････････Indonesia, Australia, East Timor, Vietnam(2)Eurasia (Europe - NIS)･･Azerbaijan, Kazakhstan, UK(3)Middle East - Africa････UAE, D.R. Congo, Iran, Libya, Egypt, Algeria, Angola(4)Americas･････････････Venezuela, Ecuador, USA, Canada, Surinam, Brazil―11―ファイル名:⑤H22.3第3四半期セグメント-海外売上高-継続企業【OK】.doc更新日時:2010/02/04 18:41:00

印刷日時:10/02/04 19:09【Overseas sales】
For the nine months ended December 31, 2008 (April 1, 2008 through December 31, 2008)
Asia - Oceania
I.

Overseas sales (Millions of yen)Other318,216

Total
36,424

II. Consolidated sales (Millions of yen)922,643

III. Overseas sales as a percentage of consolidated sales (%)
Notes:

354,641

34.5

3.9

38.4

1. Countries and areas are segmented based on their geographic proximity.
2. Major countries and areas that belong to segments other than Japan are as follows:(1) Asia - Oceania････････South Korea, Taiwan, Indonesia, Singapore, Thailand, Philippines, Australia(2) Other･･･････････････USA
3. Overseas sales represent sales to countries and regions outside of Japan, which is determined based upon the finaldestination.

For the nine months ended December 31, 2009 (April 1, 2009 through December 31, 2009)
Asia - Oceania
I.

Overseas sales (Millions of yen)

204,393

Other

Total
38,715

II. Consolidated sales (Millions of yen)

615,979

III. Overseas sales as a percentage of consolidated sales (%)
Notes:

243,108

33.2

6.3

39.5

1. Countries and areas are segmented based on their geographic proximity.
2. Major countries and areas that belong to segments other than Japan are as follows:(1) Asia - Oceania････････South Korea, Taiwan, Indonesia, Singapore, Thailand, India, Australia, China, Philippines(2) Other･･･････････････USA, Italy
3. Overseas sales represent sales to countries and regions outside of Japan, which is determined based upon the finaldestination.

(6) Note on significant changes in shareholders’ equity

None

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6. Others(1) Production, orders received and sales performance1) Actual production
The following table shows actual production by business segment:
For the nine months ended
Business segment
Category
December 31, 2008
Crude oil
Natural gas
Crude oil andnatural gas

Subtotal
Petroleumproducts
IodineElectric power
generation

Notes:For the nine months ended
December 31, 200960 MMbbls( 217 Mbbls per day)
290 Bcf(1,053 MMcf per day)
108 MMboe(393 Mboe per day)
177 Mkl(1,116 Mbbls)

60 MMbbls(217 Mbbls per day)
306 Bcf(1,114 MMcf per day)
111 MMboe(403 Mboe per day)
180 Mkl(1,133 Mbbls)

375 tons

322 tons

74 millions kWh

88 millions kWh

1. The volume of LPG produced overseas is included in ‘Crude oil.’ On the other hand, the volume of LPG produced in thedomestic refinery is included in ‘Petroleum Products.’
2. A portion of crude oil production volume is consumed as material for petroleum products.
3. A portion of crude oil and natural gas production volume is consumed as fuel to generate electricity.
4. 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 or affiliates.
5. The production volume of crude oil and natural gas under the production sharing contracts entered into by INPEX Groupcorresponds to the net economic take of the group.
Figures calculated by multiplying the gross production volume by the Company’s interest share are 92 MMbbls (334
Mbbls per day) of crude oil, 409 Bcf (1,488MMcf per day) of natural gas, and in total 160 MMboe (582 Mboe per day).
For calculating the gas production based on interest share, 100% of the gas production volume measured at wellhead(separator gas) had been used until the year ended March 31, 2009. However, from the year ending March 31, 2010, theCompany applies marketable gas volume basically adjusted for delivery specifications, excluding own fuel consumption,
re-injection, losses as flare, diffusion, process loss and inert gas generated at plant etc.
6. Boe means barrels of oil equivalent.
7. The volume of petroleum products is converted to bbl in parenthesis. Applied coefficient is 6.29 bbls per kl.
8. Iodine is refined by other company on consignment.
9. Figures are rounded to the nearest whole number.

2) Orders received
Disclosure on this information is omitted because the amount of orders received accounted for a minor portion of total
sales. In addition, there is no production for orders received in crude oil and natural gas business.

― 13 ―

2ファイル名:

3) Actual salesa) The Company takes back the full amount of crude oil produced overseas allocated to us under production sharing
contracts and produced under concession agreements, and sell it to domestic and foreign customers. The Company
sells natural gas produced in Indonesia in the form of LNG to Japanese power companies, city gas companies andcustomers in South Korea, Taiwan and other countries through PERTAMINA. In addition, the Company sells natural
gas produced in Japan to customers using our pipeline.
b) Sales by business segment during each period were as follows:(Millions of yen)
For the nine months ended
For the nine months ended
Business segment Category
December 31, 2008
December 31, 2009
Crude Oil

569,444

55,978 Mbbls
291,717 MMcf

Crude oil andnatural gas

359,736

310,071 MMcf
331,566

Natural Gas
LPG: 1,535 Mbbls

236,735
LPG: 2,655 Mbbls

Other

20,17817,518Subtotal

921,189

613,989

1,454

1,989

922,643615,979

Other
Total
Notes:

57,738 Mbbls

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 by using theiroperating results for the nine months ended September 30, 2009 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 major customers and sales as a percentage of total net sales are as follows. Sales amount of PERTAMINA consists
mostly of natural gas and over half of them are sold to Japanese customers in the form of LNG.

Customer

PERTAMINA

For the nine months ended

For the nine months ended

December 31, 2008

December 31, 2009

Amounts

Ratio

Amounts

Ratio(Millions of yen）(％)

（Millions of yen）(％)

272,260

29.5― 14 ―

178,06428.9