Company Profile For Japan Petroleum Exploration Co.,Ltd.

Japan Petroleum Exploration Co., Ltd. is a Japan-based company principally involved in the energy business. The Company operates in three business divisions. The Natural Gas and Crude Oil division is mainly involved in the production, purchase and sale of crude oil and natural gas in the country and overseas. The Contract Work division is engaged in drilling works, such as mud logging works, as well as research works, geophysical exploration works and refurbishment works. This division is also engaged in the provision of pipeline maintenance services and security services. The Others division is engaged in the purchase and sale of petroleum products, the transportation of its petroleum and natural gas products, as well as real estate management business. The Company has 23 subsidiaries and 16 associated companies.

BRIEF: For the six months ended 30 September 2009, Japan Petroleum Exploration Co., Ltd's revenues decreased 36% to Y70.57B. The Company's net income decreased 63% to Y3.50B. Revenues reflect lower sales due to decreased prices for crude oil. Net income also suffers from higher percentage of cost of sales and SG&A expenses, the presence of Y320M loss on provision of oversea investment as well as the presence of Y341M loss on reserve for exploration of mullock.