Public Relations Group, Corporate Communications Unit
Akasaka Biz Tower, 5-3-1 Akasaka, Minato-ku, Tokyo 107-6332 JAPAN

August 3, 2012

Revisions of the Financial Forecasts

INPEX CORPORATION (the Company) has revised its financial forecasts for the year ending March
31, 2013, which were previously announced on May 10, 2012.
1. Revision of the forecasts(1) Revisions of the forecasts for consolidated financial results for the six months ending September 30,
2012
Net income
Per share

Net sales

Operatingincome

Ordinary
incomeNet income

Millions of yen

Millions of yen

Millions of yen

Millions of yenYen

535,000

281,000

279,000

68,00018,625.57

Revised Forecasts: B

577,000

329,000

340,000

98,00026,842.74

Increase (Decrease): B－A

42,00048,00061,00030,000

－

7.9

17.1

21.9

44.1

－

573,165

328,060

332,484

74,396

20,377.60

Previous Forecasts: A

Percentage change (%)
Reference:
Consolidated Financial results for thesix months ended September 30, 2011

(2) Revisions of the forecasts for consolidated financial results for the year ending March 31, 2013

Previous Forecasts: A
Revised Forecasts: B
Increase (Decrease): B－A
Percentage change (%)

Net income
Per share

Net sales

OperatingincomeOrdinary
incomeNet income

Millions of yen

Millions of yen

Millions of yen

Millions of yen

Yen

1,058,000

571,000

593,000

164,000

44,920.50

1,089,000

587,000

607,000

168,000

46,016.13

31,00016,00014,000

4,000

－

2.9

2.8

2.4

2.4

－

1,186,731

709,357

767,038

194,000

53,137.93

Reference:
Consolidated Financial results for theyear ended March 31, 2012

2. Reasons for the revisions
Forecasts for consolidated financial results for the six months ending September 30, 2012 have beenrevised considering the consolidated financial results for the three months ended June 30, 2012.
The above revisions are due largely to the following factors;
Whereas the previous forecasts had assumed that the necessary procedures to transfer part of interestin the Ichthys Project in Australia to Osaka Gas Co., Ltd., Toho Gas Co., Ltd. and Tokyo Gas Co.,Ltd (the Transfer) would be completed in the latter half of the year ending March 31, 2013, theTransfer was actually completed in June 2012. As a result, the gain on the Transfer of the interest
was realized in the 1st quarter of this fiscal year 2012. Previously the interest transfer to Osaka Gas

Co., Ltd. was announced in December 2011 and the interest transfer to Toho Gas Co., Ltd. andTokyo Gas Co., Ltd. was announced in January, 2012.
Some exploration costs that were planned for the first half of this fiscal year have been deferred tothe latter half of the fiscal year 2012.
Crude oil prices remained slightly higher than what were assumed in the previous forecasts.

Forecasts for consolidated financial results for the year ending March 31, 2013 have been slightly revised
considering the consolidated financial results for the three months ended June 30, 2012.
The above forecasts are calculated based on the assumptions of crude oil price (Brent) US$ 100.0/bbl(July 1, 2012- March 31, 2013) and exchange rate ¥80.0/US$1 (July 1, 2012- March 31, 2013).

* The aforementioned forecasts are based on currently available information and contain many
uncertainties. Changing business conditions including oil and gas price levels, production and sales
plans, projects development schedules, government regulations and financial and tax schemes may
cause actual results to differ from the above forecasts.