ファConsolidated Financial Results for the Nine Months ended December 31, 2012 [Japanese GAAP]
February 6, 2013
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: 1605URL

Representative: Toshiaki Kitamura, President

Contact person: Kimihisa Kittaka, General Manager, Corporate Communications Unit

http://www.inpex.co.jp

TEL+81-3-5572-0233
Scheduled date of filing Quarterly Financial Report: February 12, 2013

Scheduled date of payment of cash dividends: ―Preparation of supplementary explanatory materials: Yes

Meeting of quarterly financial results presentation: None(Amounts less than one million yen are rounded off)

1. Consolidated Financial Results for the Nine Months ended December 31, 2012 (April 1, 2012-December 31, 2012)(1) Consolidated operating results(Figures in % represent the changes from the corresponding period of the previous fiscal year)

Net sales

Operating income

Ordinary income

Net income

For the nine months ended
December 31, 2012

Millions of yen

888,3182.8

512,5521.0

517,138

2.3

137,297

18.5

December 31, 2011

864,03926.7

507,32833.9

505,718

38.4

115,856

28.6%

Millions of yen%

Millions of yen%

Millions of yen%(Note): Consolidated comprehensive income: for the nine months ended December 31, 2012, ¥180,262 million; (81.0%)
for the nine months ended December 31, 2011, ¥99,582 million; (43.9%)

Net income pershare—basic
For the nine months ended
December 31, 2012
December 31, 2011

Net income pershare—diluted
Yen

Yen

―
―

37,606.59
31,733.72(2) Consolidated financial position
Total assets
Millions of yen

As of December 31, 2012
As of March 31, 2012

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

Net assets

3,306,838
3,066,397

2,502,482
2,314,193

70.5
71.1

(Reference): Net assets excluding minority interests: as of December 31, 2012, ¥2,330,339 million
as of March 31, 2012, ¥2,179,251 million

2. Dividends
Cash dividends per share
At 1st quarter end
For the year ended
March 31, 2012
For the year ending
March 31, 2013

Yen

At 2nd quarter end

At 3rd quarter end

Yen―

3,000.00―

3,500.00

At fiscal year end

Total

Yen

Yen

Yen

―

4,000.00

7,000.00

For the year ending
3,500.00―
March 31, 2013 (forecast)(Note): Changes in projected dividends for the year ending March 31, 2013 from the previous forecast: None

7,000.00

3. Forecasted Consolidated Financial Results for the year ending March 31, 2013 (April 1, 2012-March 31, 2013)(Figures in % represent the changes from the previous year)

Net sales

Operating income

Ordinary income

Net income

Millions of yen% Millions of yen% Millions of yen% Millions of yen%
For the year ending
1,167,000(1.7)
653,000(7.9)
685,000(10.7)
182,000(6.2)
March 31, 2013
(Note): Changes in forecasted consolidated financial results for the year ending March 31, 2013 from the previous forecast: Yes

Net income per
share
Yen

49,850.80

ファ

4. Others(1) Significant changes in scope of consolidation: Yes(Changes in the specified subsidiaries during the period due to change in scope of consolidation)
Newly included: INPEX Oil & Gas Australia Pty Ltd, INPEX Gas British Columbia Ltd.
(Two companies)(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 andother regulations
2. Other changes in accounting policies
3. Changes in accounting estimates
4. Restatement of corrections(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:: None: None: None: None3,655,810 shares as of December 31, 2012
3,655,810 shares as of March 31, 2012
4,916 shares as of December 31, 2012
4,916 shares as of March 31, 2012
3,650,894 shares for the nine months ended December 31, 2012
3,650,894 shares for the nine months ended December 31, 2011

(Note): Since shareholder of the special class share is entitled to the same rights as that for shareholders of common stock regarding dividends andthe distribution of residual property, the special class share is classified as common stock equivalent share.

* 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 pricelevels, production and sales plans, project development schedules, government regulations and financial and tax schemes. Please refer
to “1.(3) Qualitative Information on Forecats for Consolidated Financial Results” on page 4.

ファIndex of the Attachments

1.

2.

3.

4.

Qualitative Information / Financial Statements……………………………………………………………………………..

2(1) Qualitative Information on Consolidated Financial Results……………………………………………………………..

2(2) Qualitative Information on Consolidated Financial Position…………………………………………………………….

3(3) Qualitative Information on Forecasts for Consolidated Financial Results………………………………………………

4

Others ……………………………………………………………………………………………………………………...

4(1) Significant changes in scope of consolidation…………………………………………………………………………...

4(2) Adoption of accounting treatments which are exceptional for quarterly consolidated financial statements..…………...

4(3) Changes in accounting policies, accounting estimates and restatement of corrections………………………………….

4

Consolidated Financial Statements…………………………………………………………………………………………..

5(1) Consolidated Balance Sheets………………………………………………………………………………………….....

5(2) Consolidated Statements of Income and Consolidated Statements of Comprehensive Income………………………....
Consolidated Statements of Income……………………………………………………………………………………...

7
7

Consolidated Statements of Comprehensive Income…………………………………………………………………....

8(3) Consolidated Statements of Cash Flows…………………………………………………………………....……............

9(4) Conditions or events that indicate there could be substantial doubt about
the Company’s ability to continue as a going concern…………………………………………………………………..

11(5) Segment information…………………………………………………………………………………………………......

12(6) Note on significant changes in shareholders’ equity……………………………………………………………………..

13(7) Subsequent events………………………………………………………………………………………………………..

13

Supplementary Information……………………………………………………………………………………………….....

14(1) Production, Orders Received and Sales Performance…………………………………………………………………....

14

1

ファ

1. Qualitative Information / Financial Statements(1) Qualitative Information on Consolidated Financial Results
During the nine months ended December 31, 2012, consolidated net sales were ¥888.3 billion (increased by ¥24.2 billion, or 2.8%,
from the corresponding period of the previous fiscal year) due to an increase in sales volume of crude oil and the depreciation ofJapanese yen against U.S. dollar. Net sales of crude oil increased by ¥53.9 billion, or 10.3%, to ¥577.1 billion, and net sales ofnatural gas decreased by ¥29.8 billion, or 9.4%, to ¥287.7 billion. Sales volume of crude oil increased by 6,366 Mbbls, or 10.8%,
to 65,388 Mbbls. Sales volume of natural gas decreased by 42,600 MMcf, or 15.4%, to 233,295 MMcf. Sales volume of overseas
natural gas decreased by 43,438 MMcf, or 18.8%, to 187,573 MMcf, and sales volume of domestic natural gas increased by 22
MM㎥, or 1.9%, to 1,225 MM㎥ (45,722 MMcf). The average sales price of overseas crude oil decreased by US$1.58 per bbl, or
1.4 %, to US$109.75 per bbl, and the average sales price of overseas natural gas increased by US$0.06 per Mcf, or 0.4%, toUS$13.60 per Mcf. In addition, the average sales price of domestic natural gas increased by ¥3.13, or 7.1%, to ¥46.92 per ㎥. The
average exchange rate of Japanese yen against U.S. dollar on consolidated net sales depreciated by ¥0.90, or 1.1%, to ¥80.00 per
U.S. dollar from the corresponding period of the previous fiscal year.
The increase of ¥24.2 billion in net sales was mainly derived from the following factors: an increase in sales volume and unit sales
price contributing ¥12.8 billion and ¥2.2 billion to the increase, respectively, and the depreciation of Japanese yen against U.S.
dollar and an increase in net sales excluding crude oil and natural gas contributing ¥8.9 billion and ¥0.1 billion to the increase,respectively.
Cost of sales for the nine months ended December 31, 2012 increased by ¥18.3 billion, or 6.2%, to ¥312.2 billion due mainly to
an increase in depreciation and amortization in the Kitan oil field and an increase in royalty owing to an increase in sales in the
ADMA Block. Exploration expenses decreased by ¥2.2 billion, or 21.2%, to ¥8.3 billion due mainly to a decrease in exploration
activities in Americas. Selling, general and administrative expenses increased by ¥2.9 billion, or 5.7%, to ¥55.1 billion. As a result,operating income increased by ¥5.2 billion, or 1.0%, to ¥512.5 billion.
Other income increased by ¥18.2 billion, or 79.2 %, to ¥41.4 billion due to an increase in gain on transfer of mining rights andgain on sales of investment securities. Other expenses increased by ¥12.0 billion, or 48.9%, to ¥36.8 billion due to an increase inforeign exchange loss. As a result, ordinary income and income before income taxes and minority interests increased by ¥11.4
billion, or 2.3%, to ¥517.1 billion.
Total amount of current income taxes increased by ¥17.2 billion, or 4.6%, to ¥391.3 billion, and deferred income taxes were¥(14.2) billion, income before minority interests increased by ¥14.8 billion, or 11.8%, to ¥140.0 billion, and minority interests
were ¥2.7 billion. As a result of the above effects, net income for the nine months ended December 31, 2012 increased by ¥21.4
billion, or 18.5%, to ¥137.2 billion from the corresponding period of the previous fiscal year.

Financial results by segment are as follows:
1)

Japan
Net sales increased by ¥4.4 billion, or 5.7%, to ¥83.2 billion due to an increase in sales volume and sales price of natural gas.
Operating income increased by ¥4.1 billion, or 34.6%, to ¥16.1 billion.
2) Asia & Oceania
Net sales increased by ¥8.9 billion, or 2.5%, to ¥364.5 billion due to an increase in sales volume of crude oil, sales price of
natural gas and the depreciation of Japanese yen against U.S. dollar despite a decrease in sales price of crude oil. Operating
income decreased by ¥0.9 billion, or 0.4%, to ¥215.2 billion due to an increase in depreciation and amortization.
3) Eurasia (Europe & NIS)
Net sales decreased by ¥2.5 billion, or 4.1%, to ¥59.2 billion due to a decrease in sales price and sales volume of crude oil,despite the depreciation of Japanese yen against U.S. dollar. Operating income decreased by ¥6.6 billion, or 19.5%, to ¥27.5
billion.
4) Middle East & Africa
Net sales increased by ¥13.6 billion, or 3.8%, to ¥377.7 billion due to an increase in sales volume and the depreciation ofJapanese yen against U.S. dollar despite a decrease in sales price of crude oil. Operating income increased by ¥6.3 billion, or
2.5%, to ¥265.3 billion.
5) Americas
Net sales decreased by ¥0.3 billion, or 8.6%, to ¥3.5 billion due to a decrease in sales volume, and operating loss decreased by¥1.6 billion, or 26.5%, to ¥4.5 billion due to a decrease in exploration expenses.

2ファ(2) Qualitative Information on Consolidated Financial Position
Total assets as of December 31, 2012 increased by ¥240.4 billion to ¥3,306.8 billion from ¥3,066.3 billion as of March 31, 2012.
This is due mainly to an increase in current assets by ¥207.7 billion and in fixed assets by ¥32.7 billion owing to an increase intangible fixed assets and intangible assets.
Meanwhile, total liabilities increased by ¥52.1 billion to ¥804.3 billion from ¥752.2 billion as of March 31, 2012. Current
liabilities increased by ¥6.4 billion to ¥374.3 billion and long-term liabilities increased by ¥45.6 billion to ¥430.0 billion.
Net assets increased by ¥188.2 billion to ¥2,502.4 billion. Minority interests in net assets increased by ¥37.2 billion to ¥172.1
billion.
Cash and cash equivalents as of December 31, 2012 totaled ¥182.4 billion reflecting a net decrease of ¥66.7 billion from ¥249.2
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 was ¥174.8 billion. This is due mainly to the payment of income taxes while
recording income before income taxes and minority interests.
2) Cash flows from investing activities
Net cash used in investing activities was ¥279.4 billion. This is mainly derived from an excess of payments for purchase ofmining rights and payments for purchases of tangible fixed assets over proceeds from sales and redemptions of marketablesecurities.
3) Cash flows from financing activities
Net cash provided by financing activities was ¥39.5 billion. This is due mainly to proceeds from minority interests for
additional shares.

3ファ(3) Qualitative Information on Forecasts for Consolidated Financial Results
Forecasts for consolidated financial results for the year ending March 31, 2013 have been revised from the previous forecast
presented on November 6, 2012, taking into consideration the consolidated financial results for the nine months ended December
31, 2012.

Forecasts for consolidated financial results for the year ending March 31, 2013
Operating
Net sales
incomePrevious Forecasts: A
1,099,000
599,000
Revised Forecasts: B
Increase (Decrease): B－A
Percentage change (%)(Millions of yen)
Ordinary
incomeNet income

640,000

182,000

1,167,000

653,000

685,000

182,000

68,00054,00045,000

―

6.2

9.0

7.0

―

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

1 Half (April 1, 2012-September 30, 2012):
1 Half (April 1, 2012-September 30, 2012):
US$109.2/bbl (Actual)
US$109.2/bbl (Actual)
2nd Half (October 1, 2012-March 31,2013):
2nd Half *1 (October 1, 2012-March 31, 2013):
Crude oil price(Brent)
US$100.0/bbl
US$105.0/bbl
Full Year (April 1, 2012-March 31, 2013):
Full Year (April 1, 2012-March 31, 2013):
US$104.6/bbl (Average)
US$107.1/bbl (Average)
1st Half (April 1, 2012-September 30, 2012):
1st Half (April 1, 2012-September 30, 2012):¥79.4/US$1 (Actual)¥79.4/US$1 (Actual)
2nd Half (October 1, 2012-March 31,2013):
2nd Half *2 (October 1, 2012-March 31,2013):
Exchange rate
¥80.0/US$1¥83.1/US$1
Full Year (April 1, 2012-March 31, 2013):
Full Year (April 1, 2012-March 31, 2013):¥79.7/US$1 (Average)¥81.3/US$1 (Average)*1 3rd quarter (Actual) : US$110.1/bbl
4th quarter (Forecast) : US$ 100.0/bbl
4th quarter (Forecast) : ¥ 85.0/US$1*2 3rd quarter (Actual) : ¥ 81.1/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.

2. Others(1) Significant changes in scope of consolidation:
INPEX Oil and Gas Australia Pty Ltd and INPEX Gas British Columbia Ltd., newly included in consolidated subsidiaries due toincrease in their materiality, have been qualified as specified subsidiaries from the first quarter and the second quarter, 2012,
respectively, since their capital amounts exceed 10 percent of the Company’s capital amount by the increase in capital.
(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:None4更新日時:2013/02/06 12:22:00 印刷日時:13/02/06 12:22

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

As of March 31, 2012

As of December 31, 2012

(Assets)
Current assets
Cash and deposits

275,903288,281

Accounts receivable-trade119,459

138,889

Marketable securities

399,382

337,277

Inventories

11,977

16,758

Other

114,992

348,664

Less allowance for doubtful accounts(13,013)(13,439)

Total current assets

908,702

1,116,431

383,697

526,919

Goodwill

94,60189,531

Other

138,716

274,676

Total intangible assets

233,317364,207

Investment securities

886,222695,712

Recoverable accounts under production
sharing

568,318

576,095

Other

193,806

140,218

(715)

(745)

(100,671)(106,357)(6,280)(5,644)

Total investments and other assets

1,540,679

1,299,280

Total fixed assets

2,157,695

2,190,407

3,066,397

3,306,838

Fixed assets
Tangible fixed assets
Intangible assets

Investments and other assets

Less allowance for doubtful accounts
Less allowance for recoverable accounts
under production sharing
Less allowance for investments in
exploration

Total assets5更新日時:2013/02/06 12:22:00 印刷日時:13/02/06 12:22

ァイル名:③H25.3_第3四半期BS【チェック中】.doc(Millions of yen)Accounts

As of March 31, 2012

As of December 31 , 2012

(Liabilities)
Current liabilities
Accounts payable-trade30,22840,590

Short-term loans

4,801

6,671

139,144

152,719

5,551

10,572

Accrued bonuses to officers

128

96

Asset retirement obligations

3,337

3,830

Other

184,651

159,851

Total current liabilities

367,843374,332

313,972

358,102

Accrued retirement benefits to employees

6,340

6,296

Accrued special repair and maintenance

367

298

Asset retirement obligations

9,804

11,783

Other

53,87553,542

Total long-term liabilities

384,361

430,023

Total liabilities

752,204

804,355

Common stock

290,809290,809

Capital surplus

679,287

679,287

Retained earnings

1,219,526

1,329,442

Treasury stock(5,248)(5,248)2,184,375

2,294,291

Unrealized holding gain on securities

6,952

10,724

Unrealized gain from hedging instruments

4,118

15,179Translation adjustments(16,195)

10,144

Total accumulated other comprehensive
income(5,124)36,047

Minority interests

134,941

172,143

Total net assets

2,314,193

2,502,482

Total liabilities and net assets

3,066,397

3,306,838

Income taxes payable
Provision for exploration projects

Long-term liabilities
Long-term debt

(Net assets)
Shareholders’ equity

Total shareholders’ equity
Accumulated other comprehensive income6ァイル名:④H25.3第3四半期_PL_包括利益【チェック中】.doc

更新日時(2) Consolidated Statements of Income and Consolidated Statements of Comprehensive Income
Consolidated Statements of Income

Accounts(Millions of yen)
For the nine months ended
December 31, 2012

For the nine months ended
December 31, 2011

Net sales

864,039

888,318

Cost of sales

293,937

312,270

Gross profit

570,102576,047

Exploration expenses

10,548

8,313

Selling, general and administrative expenses

52,22555,181

Operating income

507,328

512,552

Interest income

3,143

5,093

Dividend income

3,066

2,771

47

5,196

Equity in earnings of affiliates

5,600

1,624

Gain on change in equity

6,685

―

―

22,397

Other

4,565

4,319

Total other income

23,10841,402876

1,015

10,725

9,071

779

4,645

Foreign exchange loss

2,618

17,774

Other

9,718

4,310

Total other expenses

24,71836,816

Ordinary income

505,718

517,138

Income before income taxes and minority interests

505,718

517,138

Income taxes-current

374,115

391,339

Income taxes-deferred

6,333(14,280)

Total income taxes

380,449

377,059

Income before minority interests

125,269

140,079

9,413

2,781

115,856

137,297

Other income

Gain on sales of investment securities

Gain on transfer of mining rights

Other expenses
Interest expense
Provision for allowance for recoverable accounts under
production sharing
Provision for exploration projects

Minority interests
Net income7ァイル名:④H25.3第3四半期_PL_包括利益【チェック中】.doc

更新日時

Consolidated Statements of Comprehensive Income(Millions of yen)Accounts

For the nine months ended
December 31, 2011

For the nine months ended
December 31, 2012

125,269

140,079

Unrealized holding gain (loss) on securities(9,738)

3,780

Unrealized gain from hedging instruments―

11,060Translation adjustments(14,339)

25,480Share of other comprehensive income of associates
accounted for by the equity method(1,608)(138)

Total other comprehensive income(25,687)

40,183Comprehensive income

99,582

180,262

Shareholders of INPEX CORPORATION

90,370178,469

Minority interests

9,211

1,792

Income before minority interests
Other comprehensive income

Total comprehensive income attributable to8

- 9 -- 9 -ファイル名:⑤(3) Consolidated Statements of Cash Flows(Millions of yen)
For the nine months
ended December 31, 2011

For the nine months
ended December 31, 2012

Income before income taxes and minority interests―

517,138

Depreciation and amortization―

41,026

Amortization of goodwill

―

5,070

Provision for allowance for recoverable accounts
under production sharing―

10,198Provision for exploration projects

―

5,062

Provision for accrued retirement benefits to employees―

7

Other provisions―

647

Interest and dividend income―(7,865)Interest expense

―

1,015

Foreign exchange loss―

17,855Equity in earnings of affiliates―(1,624)Gain on transfer of mining rights―(22,397)

Gain on sales of investment securities―(5,196)

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

39,222―(14,051)

Accounts receivable-trade―(19,663)

Inventories―(4,820)Accounts payable-trade―

10,509Other―(18,628)

Subtotal―

553,506

Interest and dividends received―

11,922

Interest paid

―

(753)

Income taxes paid―

(389,799)

Net cash provided by operating activities―

174,876

Accounts
Cash flows from operating activities9

- 10 -- 10 -ファイル名:⑤(Millions of yen)
For the nine months
ended December 31, 2011

For the nine months
ended December 31, 2012

Increase in time deposits―(115,687)

Decrease in time deposits―

106,417

Decrease in long-term deposits

―

5,000

Payments for purchases of tangible fixed assets―(139,704)

Proceeds from sales of tangible fixed assets―

101

Payments for purchases of intangible assets―(3,654)

Payments for purchases of marketable securities―(17,709)

Proceeds from sales and redemptions of marketablesecurities―

242,874

Payments for purchases of investment securities―(51,877)

Proceeds from sales and redemptions of investment
securities
Investment in recoverable accounts under
production sharing (capital expenditures)―

38,553―(60,647)

Decrease in short-term loans receivable―799

Long-term loans made―

(136,158)

Collection of long-term loans receivable―

88

Payments for purchase of mining rights―(169,131)

Proceeds from transfer of mining rights―

17,114

Other

―

4,222

Net cash used in investing activities―(279,400)

Increase in short-term loans

―

2,672

Proceeds from long-term debt―

31,697

Repayments of long-term debt―

(2,810)

Proceeds from minority interests for additional shares―

39,348Cash dividends paid―

(27,392)

Dividends paid to minority shareholders―(3,939)

Other

―

(45)

Net cash provided by financing activities
Effect of exchange rate changes on cash and cash
equivalents―

39,529―(1,380)Net decrease in cash and cash equivalents―(66,374)

Accounts
Cash flows from investing activities

Cash flows from financing activities

Cash and cash equivalents at beginning of the period―

249,233

Increase in cash and cash equivalents from newly
consolidated subsidiaries
Decrease in cash and cash equivalents resulting fromexclusion of subsidiaries from consolidation

―

439

―

(858)

Cash and cash equivalents at end of the period―

182,44010

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更新日時:2013/02/06 12:26:00 印刷日時:13/02/06 12:26(4) 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, 2012 (April 1, 2012 through December 31, 2012):
None

11

ファイル名:⑥H25.3第3四半期セグメント-継続企業【チェック中】.doc

更新日時:2013/02/06 12:26:00 印刷日時:13/02/06 12:26(5) Segment information
I For the nine months ended December 31, 2011 (April 1, 2011 through December 31, 2011)
1. Information on sales and income (loss) by reportable segment(Millions of yen)
Reportable segments
Eurasia
Middle East
(Europe &Americas& Africa
NIS)

Adjustments Consolidated

Japan

Asia &
Oceania

78,794355,578

61,714364,1103,840

864,039―

864,039

―

―

―

―

―

―

―

―

Total

78,794355,578

61,714364,1103,840

864,039―

864,039

Segment income (loss)

12,010216,176

34,266258,993(6,178)515,268(7,940)507,328

Total

*1

*2

Net sales
Sales to third parties
Intercompany sales andtransfers between segments

Note: 1. Adjustments of segment income of ¥(7,940) million include elimination of inter-segment transactions of ¥171 million andcorporate expenses of ¥(8,111) 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 statements 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, 2012 (April 1, 2012 through December 31, 2012)

1. Information on sales and income (loss) by reportable segment(Millions of yen)
Reportable segments
Eurasia
Middle East
(Europe &Americas& Africa
NIS)

Adjustments Consolidated

Japan

Asia &
Oceania

83,288364,513

59,211

377,792

3,511

888,318―

888,318

―

―

―

―

―

―

―

―

Total

83,288364,513

59,211

377,792

3,511

888,318―

888,318

Segment income (loss)

16,169215,269

27,589265,386(4,539)519,875(7,323)

512,552

Total

*1

*2

Net sales
Sales to third parties
Intercompany sales andtransfers between segments

Note: 1. Adjustments of segment income of ¥(7,323) million include elimination of inter-segment transactions of ¥169 million andcorporate expenses of ¥(7,492) 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 statements of income.
2. Information on impairment loss from fixed assets, goodwill and other items by reportable segment
None

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更新日時:2013/02/06 12:26:00 印刷日時:13/02/06 12:26(6) Note on significant changes in shareholders’ equity
For the nine months ended December 31, 2012 (April 1, 2012 through December 31, 2012):
None(7) Subsequent events
For the nine months ended December 31, 2012 (April 1, 2012 through December 31, 2012):
None

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4. Supplementary Information(1) Production, Orders Received and Sales Performance1) Actual production
The following table shows actual production by segment:
Segment

Category
Crude oil
Natural gas

Japan

Subtotal
Petroleum products
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
Petroleum products
IodineElectric power
generation

Notes:For the nine months ended
December 31, 2011
0.9 MMbbls(3.4 Mbbls per day)30.3 Bcf(110.3 MMcf per day)
6.6 MMboe(24.1 Mboe per day)
181.6 Mkl
(1,142.2 Mbbls)
317.3 tons

For the nine months ended
December 31, 2012
1.0 MMbbls(3.5 Mbbls per day)
32.4 Bcf(117.9 MMcf per day)
7.1 MMboe(25.6 Mboe per day)
157.5 Mkl
(991.0 Mbbls)
316.8 tons

153.5 millions kWh

133.0 millions kWh

17.2 MMbbls(62.4 Mbbls per day)
213.0 Bcf
(774.4 MMcf per day)58.2 MMboe(211.6 Mboe per day)
6.9 MMbbls(24.9 Mbbls per day)
41.8 MMbbls(152.2 Mbbls per day)
1.5 MMbbls(5.3 Mbbls per day)20.8 Bcf(75.5 MMcf per day)
5.2 MMbbls(18.9 Mboe per day)
68.3 MMbbls(248.2 Mbbls per day)
264.0 Bcf
(960.1 MMcf per day)
118.7 MMboe(431.7 Mboe per day)
181.6 Mkl
(1,142.2 Mbbls)
317.3 tons

16.8 MMbbls(61.1 Mbbls per day)
174.3 Bcf
(634.0 MMcf per day)
49.7 MMboe(180.8 Mboe per day)
6.9 MMbbls(25.1 Mbbls per day)
43.0 MMbbls(156.4 Mbbls per day)
0.1 MMbbls(0.5Mbbls per day)22.6 Bcf(82.3 MMcf per day)
4.2 MMboe(15.1 Mboe per day)
67.8 MMbbls(246.6 Mbbls per day)229.4 Bcf
(834.2 MMcf per day)
110.8 MMboe(403.1 Mboe per day)
157.5 Mkl
(991.0 Mbbls)
316.8 tons

153.5 millions kWh

133.0 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 95.6 MMbbls (347.5 Mbbls perday) of crude oil, 366.2 Bcf (1,331.7 MMcf per day) of natural gas, and in total 165.7 MMboe (602.4 Mboe per day) for the ninemonths ended December 31, 2011, and 90.2 MMbbls (328.1 Mbbls per day) of crude oil, 315.8 Bcf (1,148.4 MMcf per day) of
natural gas, and in total 149.7 MMboe (544.4 Mboe per day) for the nine months ended December 31, 2012.
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 first decimal place.
10. Subtotal of the production volume of crude oil and natural gas for the nine months ended December 13, 2011 has been changed
reflecting the change in method to convert the volume from natural gas to crude oil from the year ended March 31, 2012.

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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
Natural gas(excluding LPG)
LPG

Asia & Oceania

100 Mbbls

954

86 Mbbls

794

44,884 MMcf

52,66745,722 MMcf

57,483165 Mbbls

1,937

138 Mbbls

1,603

Other

23,23523,407

Subtotal

78,794

83,288Crude oil
Natural gas(excluding LPG)
LPG

10,440 Mbbls

96,094

15,385 Mbbls

138,963

210,194 MMcf

243,943

168,637 MMcf

207,014

15,5402,779 Mbbls

2,366 Mbbls

Subtotal
Eurasia(Europe & NIS)
Middle East & Africa

18,535364,513

Crude oil

6,723 Mbbls

61,714

6,688 Mbbls

59,211

Crude oil

41,718 Mbbls

364,110

43,185 Mbbls

377,792

41 Mbbls305

44 Mbbls

383

20,817MMcf

3,535

18,936 MMcf

3,127

3,840

Crude oil
Natural gas(excluding LPG)
LPG

Total

Notes:

355,578

Crude oil
Natural gas(excluding LPG)
Subtotal

Americas(Millions of yen)
For the nine months ended
December 31, 2012
Sales volume
Net sales

For the nine months ended
December 31, 2011
Sales volume
Net sales

3,511

59,022 Mbbls

523,179

65,388 Mbbls

577,145

275,895 MMcf

300,147

233,295 MMcf

267,626

2,531Mbbls

17,4772,917 Mbbls

20,139Other

23,23523,407

Total

864,039

888,318

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 nine months 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 inconsolidation.
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. Sales amount of PERTAMINA
consists mostly of natural gas, and they are sold to Japanese, Korean, and Taiwanese customers in the form of LNG.

For the nine months ended
December 31, 2011
Customer

PERTAMINA

For the nine months ended
December 31, 2012

Amounts

Ratio

Amounts

Ratio（Millions of yen）(%)

（Millions of yen）(%)

161,33318.7

15152,28817.1