Notice Regarding Revision of Earnings Guidance

Overview of the Earnings

Inpex Corporation has upwardly revised its consolidated earnings forecast for the fiscal year ending March 2027. The company now projects revenue of 314,000 hundred million yen, operating income of 46,000 hundred million yen, ordinary income of 46,000 hundred million yen, and net income attributable to owners of the parent of 65,000 hundred million yen. Compared to the previous forecast, revenue is up by 11,000 hundred million yen and operating income by 5,000 hundred million yen. The increases are attributed to higher crude oil selling prices and increased sales volume. Note also includes the possibility that net income could be lifted by non-operating and other gains (gains on sale of investment securities).

Outlook and Shareholder Returns

For dividends, the company uses a basic policy of a consolidated payout ratio of 30%. The annual dividend forecast for the fiscal year ending March 2027 is to maintain the interim dividend of 22.50 yen and year-end dividend of 22.50 yen as initially projected. A review may be conducted in the second quarter depending on performance. The company also disclosed the assumptions for crude oil CIF price and exchange rate, noting that current assumptions could influence future results.