Consolidated Financial Results for the Three Months ended June 30, 2017 [Japanese GAAP]
August 4, 2017
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: Munehiro Hosono, General Manager, Corporate Communications Unit
TEL+81-3-5572-0233
Scheduled date of filing Quarterly Financial Report: August 8, 2017:―
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 Three Months ended June 30, 2017 (April 1, 2017-June 30, 2017)(1) Consolidated operating results(Figures in % represent the changes from the corresponding period of the previous fiscal year)

Net sales
For the three months ended
June 30, 2017

Operating income

Millions of Yen

June 30, 2016%

Millions of Yen

Net income attributableto owners of parent

Ordinary income%

Millions of Yen%

Millions of Yen%

217,874

10.0

87,23523.3

95,50757.2

20,025

154.6

198,136(18.9)

70,773(25.9)

60,761(39.8)

7,864(67.2)(Note): Consolidated comprehensive income: for the three months ended June 30, 2017, ¥(3,466) million; ( %)for the three months ended June 30, 2016, ¥(113,016) million; ( %)Net income pershare—basic

Net income pershare—diluted

For the three months ended
June 30, 2017

Yen
13.71

June 30, 2016

5.39

Yen

(2) Consolidated financial position

Millions of Yen

Millions of Yen

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

As of June 30, 2017

4,327,152

3,190,930

67.6

As of March 31, 2017

4,312,174

3,207,542

68.3

Total assets

Net assets(Reference): Net assets excluding non-controlling interests: as of June 30, 2017, ¥2,926,986 million
as of March 31, 2017, ¥2,943,169 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, 2017
For the year ending
March 31, 2018
For the year ending
March 31, 2018 (forecast)

Yen

Yen

Yen

At fiscal year end

Total

Yen

Yen

9.00

9.00

18.00

9.00

9.00

18.00

(Note): 1. Changes in projected dividends for the year ending March 31, 2018 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, 2018 (April 1, 2017-March 31, 2018)(Figures in % represent the changes from the previous fiscal year)

Net sales
For the six months ending
September 30, 2017
For the year ending
March 31, 2018

Operating income

Ordinary income

Net income
attributable toowners of parent

Net income pershare

Millions of Yen%

Millions of Yen%

Millions of Yen%

Millions of Yen%

Yen

430,000

10.4

164,000

18.8

176,000

33.2

28,000

78.0

19.17

839,000(4.1)

309,000(8.2)

337,000

0.9

52,000

12.6

35.61

(Note): Changes in forecasted consolidated financial results for the year ending March 31, 2018 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: None: None: None: 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. Average number of shares:

1,462,323,600 shares as of June 30, 2017
1,462,323,600 shares as of March 31, 2017
1,966,500 shares as of June 30, 2017
1,966,500 shares as of March 31, 2017
1,460,357,100 shares for the three months ended June 30, 2017
1,460,357,200 shares for the three months ended June 30, 2016

*This quarterly earnings report is exempt from quarterly review procedure.
*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 page4.

Exhibit:
Dividends of Class A stock
Cash dividends per share
At 1st quarter end At 2nd quarter end At 3rd quarter end
Yen

Yen

Yen

At fiscal year end
Yen

Total
Yen

For the year ended―
3,600.00―
3,600.00
7,200.00
March 31, 2017
For the year ending―
March 31, 2018
For the year ending
3,600.00―
3,600.00
7,200.00
March 31, 2018 (forecast)(Note): The Company conducted a stock split at a ratio of 1:400 of common stock with October 1, 2013 as the effective date,however, for Class A stock (which is not listed), no stock split was implemented. The article, which shows that dividends of Class A
stock are equivalent to dividends of a common stock prior to the stock split, is specified in the Articles of Incorporation.

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. Consolidated Financial Statements and Principal Notes

5(1) Consolidated Balance Sheet

5(2) Consolidated Statement of Income and Consolidated Statement of Comprehensive Income

7

Consolidated Statement of Income

7

Consolidated Statement of Comprehensive Income

8(3) Consolidated Statement of Cash Flows

9(4) Notes to Consolidated Financial Statements

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

11(Note on significant changes in shareholders' equity)

11(Segment information)

12(Subsequent events)

12

3. Supplementary Information

13(1) Production, Orders Received and Sales Performance131

1. Qualitative Information ⁄ Financial Statements(1) Explanation on Consolidated Financial Results
Net sales for the three months ended June 30, 2017 increased by ¥19.7 billion, or 10.0%, to ¥217.8 billion from the corresponding
period of the previous fiscal year due to an increase in unit sales price.
Net sales of crude oil increased by ¥17.1 billion, or 12.3%, to ¥156.9 billion, and net sales of natural gas increased by ¥2.3 billion,
or 4.3%, to ¥58.0 billion.
Sales volume of crude oil decreased by 3,401 thousand barrels, or 11.2%, to 27,074 thousand barrels. Sales volume of natural gas
decreased by 4,162 million cf, or 5.1%, to 77,023 million cf. Sales volume of overseas natural gas decreased by 6,747 million cf,
or 10.1%, to 59,879 million cf, and sales volume of domestic natural gas increased by 69 million ㎥, or 17.8%, to 459 million ㎥(17,144 million cf).
The average sales price of overseas crude oil increased by US$9.43, or 22.6%, to US$51.19 per barrel. In addition, the averagesales price of overseas natural gas increased by US$0.54, or 11.1%, to US$5.42 per thousand cf. Meanwhile, the average sales
price of domestic natural gas decreased by ¥1.23, or 2.7%, to ¥45.10 per ㎥. The average exchange rate of the Japanese yen
against the U.S. dollar on consolidated net sales depreciated by ¥2.04, or 1.9%, to ¥111.56 per U.S. dollar from the corresponding
period of the previous fiscal year.
The increase of ¥19.7 billion in net sales was mainly derived from the following factors: regarding net sales of crude oil andnatural gas, a decrease in sales volume pushing sales down of ¥17.1 billion, an increase in unit sales price contributing ¥33.2
billion to the increase, the depreciation of the Japanese yen against the U.S. dollar contributing ¥3.4 billion to the increase, and anincrease in net sales excluding crude oil and natural gas of ¥0.1 billion.
Cost of sales for the three months ended June 30, 2017 increased by ¥4.4 billion, or 4.2%, to ¥110.9 billion due to an increase inroyalty. Exploration expenses decreased by ¥0.8 billion, or 66.0%, to ¥0.4 billion. Selling, general and administrative expenses
decreased by ¥0.2 billion, or 1.5%, to ¥19.2 billion. As a result, operating income increased by ¥16.4 billion, or 23.3%, to ¥87.2
billion.
Other income increased by ¥2.1 billion, or 24.2%, to ¥11.0 billion due to gain on reversal of allowance for recoverable accounts
under production sharing. Other expenses decreased by ¥16.1 billion, or 85.4%, to ¥2.7 billion due to the turnaround to foreignexchange gain from foreign exchange loss in the corresponding period of the previous fiscal year and others. As a result, ordinary
income and income before income taxes increased by ¥34.7 billion, or 57.2%, to ¥95.5 billion.
Total amount of current income taxes and deferred income taxes increased by ¥27.8 billion, or 62.2%, to ¥72.6 billion, net income
increased by ¥6.8 billion, or 43.1%, to ¥22.8 billion, and net income attributable to non-controlling interests was ¥2.8 billion. As aresult of the above effects, net income attributable to owners of parent for the three months ended June 30, 2017 increased by¥12.1 billion, or 154.6%, to ¥20.0 billion.
Financial results by segment are as follows:
1) JapanNet sales increased by ¥3.1 billion, or 14.6%, to ¥25.0 billion due to an increase in sales volume, despite a decrease in sales priceof natural gas. Operating income increased by ¥3.0 billion, or 84.3%, to ¥6.7 billion.
2) Asia & Oceania
Net sales decreased by ¥6.1 billion, or 11.1%, to ¥49.2 billion due to a decrease in sales volume, despite an increase in sales prices
of crude oil and natural gas, and the depreciation of the Japanese yen against the U.S. dollar. Meanwhile, operating income
increased by ¥6.9 billion, or 76.9%, to ¥16.0 billion due to a decrease in cost of sales and others .
3) Eurasia (Europe & NIS)
Net sales increased by ¥2.2 billion, or 14.3%, to ¥17.8 billion due to an increase in sales price of crude oil, an increase in sales
volume, and the depreciation of the Japanese yen against the U.S. dollar. Operating income increased by ¥1.6 billion, or 54.1%, to¥4.7 billion.
4) Middle East & Africa
Net sales increased by ¥19.3 billion, or 18.8%, to ¥122.5 billion due to an increase in sales price of crude oil and the depreciationof the Japanese yen against the U.S. dollar, despite a decrease in sales volume. Operating income increased by ¥4.5 billion, or
7.7%, to ¥64.4 billion.
5) Americas
Net sales increased by ¥1.0 billion, or 53.2%, to ¥3.1 billion due to an increase in sales prices of crude oil and natural gas and thedepreciation of the Japanese yen against the U.S. dollar, despite a decrease in sales volume of crude oil. Operating loss decreasedby ¥1.2 billion, or 46.7%, to ¥1.3 billion.

2(2) Explanation on Consolidated Financial Position
Total assets as of June 30, 2017 increased by ¥14.9 billion to ¥4,327.1 billion from ¥4,312.1 billion as of March 31, 2017. Current
assets decreased by ¥106.8 billion to ¥836.1 billion due to a decrease in cash and deposits and others. Fixed assets increased by¥121.7 billion to ¥3,491.0 billion due to increases in tangible fixed assets, investments and other assets and others.
Meanwhile, total liabilities increased by ¥31.5 billion to ¥1,136.2 billion from ¥1,104.6 billion as of March 31, 2017. Current
liabilities decreased by ¥16.5 billion to ¥280.9 billion and long-term liabilities increased by ¥48.1 billion to ¥855.2 billion.
Net assets decreased by ¥16.6 billion to ¥3,190.9 billion. Total shareholders' equity increased by ¥6.8 billion to ¥2,563.7 billion.
Total accumulated other comprehensive income decreased by ¥23.0 billion to ¥363.2 billion and non-controlling interests in net
assets decreased by ¥0.4 billion to ¥263.9 billion.
Cash and cash equivalents as of June 30, 2017 totaled ¥248.4 billion reflecting a net decrease of ¥68.3 billion from ¥316.7
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 ¥18.2 billion to ¥63.3 billion from the corresponding period of theprevious fiscal year. This is due mainly to an increase in income before income taxes owing to an increase in unit sales price.
2) Cash flows from investing activities
Net cash used in investing activities increased by ¥165.6 billion to ¥167.7 billion from the corresponding period of the previous
fiscal year. This is due mainly to an increase in payments for purchases of investment securities and a decrease in proceedsfrom time deposits.
3) Cash flows from financing activities
Net cash provided by financing activities was ¥37.4 billion due mainly to an increase in proceeds from long-term debt,
meanwhile, net cash used in financing activities was ¥15.4 billion for the corresponding period of the previous fiscal year.

3(3) Explanation regarding future forecast information such as Forecasts for Consolidated Financial Results
Forecast for consolidated financial results for the six months ending September 30, 2017 and the year ending March 31, 2018 havebeen revised from the previous forecasts presented on May 12, 2017, taking into consideration the consolidated financial results
for the three months ended June 30, 2017.
Forecasts for consolidated financial results for the six months ending September 30, 2017
Net sales

Operating income(Millions of yen)

Net income attributable toOrdinary income
owners of parent
167,000
24,000Previous Forecasts: A

431,000

155,000

Revised Forecasts: B

430,000

164,000

176,000

28,000

Increase (Decrease): B A(1,000)

9,000

9,000

4,000

Percentage change (%)

(0.2)

5.8

5.4

16.7

Forecasts for consolidated financial results for the year ending March 31, 2018
Operating income

Net sales(Millions of yen)
Net income attributable toOrdinary income
owners of parent
329,000
47,000Previous Forecasts: A

844,000

303,000

Revised Forecasts: B

839,000

309,000

337,000

52,000

Increase (Decrease): B A(5,000)

6,000

8,000

5,000

Percentage change (%)

(0.6)

2.0

2.4

10.6

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

Revised Forecasts

Crude oil price(Brent)Full Year: US$ 50.0/bbl (Average)

1st quarter (actual): US$ 50.8/bbl
From 2nd quarter: US$ 50.0/bbl
US$ 50.2/bbl (Average)
Full Year:

Exchange rate

Full Year: ¥110.0/US$ (Average)

1st quarter (actual): ¥111.1/US$
From 2nd quarter: ¥110.0/US$¥110.3/US$ (Average)
Full Year:

Note:Crude oil prices at which the Company sells products vary depending on crude oil type, and differ from Brent crude oil prices. Crude oil price differences
are determined by the quality of each crude oil type, etc., and are also affected by market conditions.

42. Consolidated Financial Statements and Principal Notes(1) Consolidated Balance Sheet(Millions of yen)Accounts

As of March 31, 2017

As of June 30, 2017

(Assets)
Current assets
Cash and deposits

652,614576,096

Accounts receivable-trade72,364

67,998Marketable securities

5,503

5,501

Inventories

30,72033,156

Recoverable accounts under production
sharing

47,26335,571

Other

158,958

141,076Less allowance for doubtful accounts(20,763)(20,398)

Less allowance for recoverable accounts under
production sharing(3,701)(2,854)

Total current assets

942,960

836,147

Buildings and structures, net

214,575

210,802

Wells, net

44,98045,438

Machinery, equipment and vehicles, net

120,713

120,954Land

19,18919,192

1,511,660

1,572,922

17,47817,3301,928,597

1,986,640

Goodwill

60,79859,107

Other

460,455445,991

Total intangible assets

521,253505,099

Investment securities

246,085

327,870

Recoverable accounts under production sharing

611,937

589,662

Other

189,234

188,678

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(8,282)(8,885)Less allowance for recoverable accounts under
production sharing(116,842)(95,552)

Less allowance for investments in exploration(2,769)(2,508)

Total investments and other assets

919,362

999,265

3,369,213

3,491,005

4,312,174

4,327,152

Total fixed assets
Total assets

5

(Millions of yen)Accounts

As of March 31, 2016

As of June 30, 2017

(Liabilities)
Current liabilities
Accounts payable-trade51,10553,201

Short-term loans

44,25244,078

Income taxes payable

45,21924,133

Provision for loss on business

2,920

2,915

Provision for exploration projects

4,478

4,523

Accrued bonuses to officers

62

13

Asset retirement obligations

4,301

3,898

Other

145,125

148,171

Total current liabilities

297,465

280,935

643,432

691,634331

346

Liability for retirement benefits

5,952

5,928

Asset retirement obligations

104,845

106,046

Other

52,60551,330Total long-term liabilities

807,166

855,286

1,104,631

1,136,221

Common stock

290,809290,809

Capital surplus

676,273

676,273

Retained earnings

1,595,018

1,601,900

Treasury stock(5,248)(5,248)2,556,852

2,563,735

6,479

5,486

717

1,995

Translation adjustments

379,119355,769

Total accumulated other comprehensive income

386,316

363,251

264,372

263,944

Total net assets

3,207,542

3,190,930

Total liabilities and net assets

4,312,174

4,327,152

Long-term liabilities
Long-term debt
Accrued special repair and maintenanceTotal liabilities(Net assets)
Shareholders' equity

Total shareholders' equity
Accumulated other comprehensive income
Unrealized holding gain on securities
Unrealized gain from hedging instruments

Non-controlling interests6(2) Consolidated Statement of Income and Consolidated Statement of Comprehensive Income
Consolidated Statement of Income
Accounts(Millions of yen)
For the three months ended
June 30, 2017

For the three months ended
June 30, 2016

Net sales

198,136

217,874

Cost of sales

106,500

110,958

Gross profit

91,635

106,916

Exploration expenses

1,342

456

Selling, general and administrative expenses

19,52019,224

Operating income

70,773

87,235Interest income

2,591

1,773

Dividend income

1,108

1,852

Other income

Equity in earnings of affiliates

1,042

Gain on reversal of allowance for recoverable accounts
under production sharing

4,444

Foreign exchange gain

31

Other

5,185

1,887

Total other income

8,884

11,032

1,162

1,441

Other expenses
Interest expense
Equity in losses of affiliates

221

Provision for allowance for recoverable accounts under
production sharing

687

Provision for exploration projects

34

Foreign exchange loss

15,757

Other

1,033

1,319

Total other expenses

18,896

2,760

Ordinary income

60,761

95,507

Income before income taxes

60,761

95,507

Income taxes-current

54,026

66,947

Income taxes-deferred(9,224)

5,727

Total income taxes

44,801

72,674

Net income

15,95922,832

Net income (loss) attributable to non-controlling interests

8,095

2,806

Net income attributable to owners of parent

7,864

20,025

7

Consolidated Statement of Comprehensive Income
Accounts

For the three months ended
June 30, 2016

Net income(Millions of yen)
For the three months ended
June 30, 201715,95922,832(3,937)(1,009)(122,814)(25,500)(2,223)

210(128,976)(26,299)(113,016)(3,466)(116,486)(3,040)

3,469

(426)

Other comprehensive income
Unrealized holding loss on securities
Translation adjustments
Share of other comprehensive income of associates
accounted for by the equity method
Total other comprehensive income
Comprehensive income
Total comprehensive income attributable to
Owners of parent
Non-controlling interests8(3) Consolidated Statement of Cash Flows
For the three months ended
June 30, 2016

Accounts(Millions of yen)
For the three months ended
June 30, 2017

Cash flows from operating activities
Income before income taxes

60,761

95,507

Depreciation and amortization

22,172

23,268

Amortization of goodwill

1,690

1,690

Provision for allowance for recoverable accounts
under production sharing

692(4,402)

Provision for exploration projects

396

124

Other provisions

(921)

(47)

16

(20)

Interest and dividend income(3,702)(3,626)

Interest expense

1,162

1,441

Foreign exchange loss (gain)

16,560(805)

221(1,042)

21,15817,286(2,919)279

Accounts receivable-trade(6,428)1,356

Inventories(1,239)(1,611)

Accounts payable-trade(4,209)

2,097

Other

(2,270)12,211

Subtotal

103,141

143,707

Interest and dividends received

4,448

9,368

Interest paid

(106)

(137)

Income taxes paid

(62,397)(89,586)

Net cash provided by (used in) operating activities

45,08563,352

Liability for retirement benefits

Equity in losses (earnings) of affiliates
Recovery of recoverable accounts under production sharing(capital expenditures)
Recoverable accounts under production sharing(operating expenditures)

9For the three months ended
June 30, 2016

Accounts(Millions of yen)
For the three months ended
June 30, 2017

Cash flows from investing activities
Payments for time deposits(163,352)(204,979)

Proceeds from time deposits

260,877

213,637

Payments for purchases of tangible fixed assets(80,599)(73,177)

Proceeds from sales of tangible fixed assets

2,996

15

Payments for purchases of intangible assets(5,951)

(450)

(142)

(89,275)(12,813)(9,841)

Decrease (increase) in short-term loans receivable

1,102

39

Long-term loans made

(2,304)

(23)

115

123

Other

(2,077)(3,853)

Net cash provided by (used in) investing activities(2,150)(167,786)

Payments for purchases of investment securities
Investment in recoverable accounts under production sharing(capital expenditures)Collection of long-term loans receivable

Cash flows from financing activities
Increase (decrease) in short-term loans(3)

Proceeds from long-term debt

50

63,513

Repayments of long-term debt

(13,570)(14,386)

8,769

Proceeds from non-controlling interests for additional shares
Cash dividends paid

(10,651)

Cash dividends paid to non-controlling interests(10,649)(1,052)(9)(11)(15,414)

37,414

Effect of exchange rate changes on cash and cash equivalents(5,312)(1,325)

Net increase (decrease) in cash and cash equivalents

22,208(68,344)

Cash and cash equivalents at beginning of the period

53,813

316,790

Cash and cash equivalents at end of the period

76,021

248,446

Other
Net cash provided by (used in) financing activities10(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 three months ended June 30, 2017 (April 1, 2017 through June 30, 2017):
None(Note on significant changes in shareholders' equity)
For the three months ended June 30, 2017 (April 1, 2017 through June 30, 2017):
None

11

(Segment information)
I. For the three months ended June 30, 2016 (April 1, 2016 through June 30, 2016)
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)

21,84855,424

15,615103,2132,034

198,136―

198,136

―

―

―

―

―

―

―

―

21,84855,424

15,615103,2132,034

198,136―

198,136

3,668

9,075

3,058

59,843(2,611)73,033(2,260)70,773

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 ¥(2,260) million include elimination of inter-segment transactions of ¥2 million and corporate expenses of ¥(2,263)
million. Corporate expenses are mainly amortization of goodwill and general administrative expenses that are not allocated to a reportable segment.
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 three months ended June 30, 2017 (April 1, 2017 through June 30, 2017)
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)

25,03649,29817,855

122,566

3,117

217,874―

217,874

―

―

―

―

―

―

―

―

25,03649,29817,855

122,566

3,117

217,874―

217,874

6,761

16,0504,713

64,431(1,390)90,566(3,330)87,235

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 ¥(3,330) million include elimination of inter-segment transactions of ¥4 million and corporate expenses of ¥(3,335)
million. Corporate expenses are mainly amortization of goodwill and general administrative expenses that are not allocated to a reportable segment.
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 three months ended June 30, 2017 (April 1, 2017 through June 30, 2017):
None

12

3. Supplementary Information(1) Production, Orders Received and Sales Performance1) Actual production
The following table shows actual production by segment:
For the three months ended
Segment
Category
June 30, 2016
0.3 MMbbls
Crude oil
(3.2 Mbbls per day)11.4 Bcf
Natural gas(125.0 MMcf per day)
2.4 MMboe
Japan
Subtotal(26.7 Mboe per day)
IodineElectric power
generation
Crude oil
Natural gas
Asia & Oceania
Subtotal

141.3 tons

140.5 tons

55.5 million kWh

51.5 million kWh

3.6 MMbbls(40.1 Mbbls per day)63.6 Bcf(699.3 MMcf per day)15.6 MMboe(172.0 Mboe per day)

2.4 MMbbls(26.7 Mbbls per day)46.5 Bcf(510.5 MMcf per day)11.2 MMboe(122.9 Mboe per day)Electric power
generation

34.4 million kWh
2.6 MMbbls(29.0 Mbbls per day)

Crude oil
Eurasia(Europe & NIS)

Crude oil
Crude oil

AmericasNatural gas
Subtotal
Crude oil
Natural gas

Total

2.6 MMboe(29.0 Mboe per day)24.0 MMbbls(264.0 Mbbls per day)
0.7 MMbbls(7.1 Mbbls per day)10.1 Bcf(110.8 MMcf per day)
2.5 MMboe(27.2 Mboe per day)
31.3 MMbbls(343.5 Mbbls per day)85.1 Bcf(935.0 MMcf per day)47.2 MMboe(518.9 Mboe per day)

3.6 MMbbls(39.5 Mbbls per day)
1.8 Bcf(19.6 MMcf per day)
3.9 MMboe(43.0 Mboe per day)23.4 MMbbls(257.2 Mbbls per day)
0.6 MMbbls(6.3 Mbbls per day)10.5 Bcf(115.3 MMcf per day)
2.4 MMboe(26.9 Mboe per day)
30.4 MMbbls(333.6 Mbbls per day)
72.8 Bcf(800.3 MMcf per day)
43.9 MMboe(482.9 Mboe per day)

141.3 tons

140.5 tons

55.5 million kWh85.8 million kWhNatural gas
Subtotal

Middle East & Africa

For the three months ended
June 30, 2017
0.4 MMbbls(3.9 Mbbls per day)14.1 Bcf(154.8 MMcf per day)
3.0 MMboe(33.0 Mboe per day)Subtotal
IodineElectric power
generation

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 three months ended June 30 regardless of a closing date of fiscal periods of its subsidiaries or affiliates.
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 37.5 MMbbls (411.8 Mbbls per day) of crude oil,105.2 Bcf (1,156.6 MMcf per day) of natural gas, and in total 57.2 MMboe (629.0 Mboe per day) for the three months ended June 30, 2016, and 35.3
MMbbls (387.7 Mbbls per day) of crude oil, 92.8 Bcf (1,020.3 MMcf per day) of natural gas, and in total 52.6 MMboe (578.5 Mboe per day) for thethree months ended June 30, 2017.
5. Boe means barrels of oil equivalent.
6. Iodine is refined by other company on consignment.
7. Figures are rounded to one decimal place.

13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

Japan

Asia & Oceania

Category
Crude oil

208 Mbbls

1,063

238 Mbbls

1,446

Natural gas(excluding LPG)

14,559 MMcf

18,073

17,144 MMcf

20,7191 Mbbls

4

1 Mbbls

7

LPG
Other

2,707

2,863

Subtotal

21,84825,036

Crude oil

3,902 Mbbls

18,475

1,920 Mbbls

13,028Natural gas(excluding LPG)

58,977 MMcf

34,77247,577 MMcf

34,991LPG

620 Mbbls

2,177

286 Mbbls

1,278

Subtotal
Crude oil
Eurasia(Europe & NIS)

55,424
3,059 Mbbls

Americas49,2983,130 Mbbls

17,568

1,783 MMcf

287

15,615

17,855Crude oil

22,829 Mbbls

103,213

21,323 Mbbls

122,566

Crude oil

479 Mbbls

1,424

463 Mbbls

2,376

Natural gas(excluding LPG)

7,649 MMcf

609

10,519 MMcf

740

Subtotal

Total

15,615Natural gas(excluding LPG)
Subtotal

Middle East & Africa(Millions of yen)
For the three months ended
June 30, 2017
Sales volume
Net sales

For the three months ended
June 30, 2016
Sales volume
Net sales

2,034

3,117

Crude oil

30,476 Mbbls

139,792

27,074 Mbbls

156,987

Natural gas(excluding LPG)

81,184 MMcf

53,45577,023 MMcf

56,738LPG

621 Mbbls

2,182

287 Mbbls

1,285

Other

2,707

2,863

Total

198,136

217,874

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 threemonths ended March 31 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.

14