Company Profile For NIPPON OIL CORPORATION

NIPPON OIL CORPORATION is a Japan-based supplier of petroleum products. The Company operates in four business segments. The Oil Refinement and Sales segment is engaged in the refinement and processing of petroleum products, as well as the manufacture and sale of petrochemical products. This segment is also engaged in the storage and transportation of its petroleum products, as well as the purchase and sale of coal and other mining products. The Petroleum and Natural Gas Development is engaged in the exploration and development of petroleum and natural gas. The Construction segment is involved in road construction and civil engineering works, as well as the design and construction of oil-related facilities. The Others segment is involved in the real estate, automobile-related and other businesses.

BRIEF: For the six months ended 30 September 2009, NIPPON OILCORPORATION's revenues decreased 39% to Y2.618T. The Company's net income totaled Y44.15B, up from Y20.17B. Revenues reflect lower sales especially from petroleum processing & sales segment due to decreased market demand. Higher net income benefits from favorable gross and operating margin rates, as well as decreased loss on valuation of derivatives.