Consolidated Statements of Income

¥ million

	2007/03	2008/03	2009/03
I Net sales	969,712	1,202,965	1,076,164
II Cost of sales	343,794	390,554	319,038
Gross profit	625,918	812,410	757,126
III Exploration expenses (After deducting Exploration subsidies)	17,688	34,095	25,982
IV Selling, general and administrative expenses	49,152	64,104	67,877
Operating income	559,077	714,211	663,266
V Other income
1. Interest income	12,843	10,984	9,535
2. Dividend income	2,291	5,439	12,338
3. Equity in earnings of affiliates	1,349	1,764	946
4. Gain on transfer of mining rights	33,533	-	-
5. Net gain on redetermination of unitized field	-	4,005	-
6. Net gain on taking effect of exploration and production agreement	-	3,481	-
7. Foreign exchange gain	5,738	2,747	-
8. Other	4,322	4,666	9,214
Total other income	60,079	33,089	32,034
VI Other expenses
1. Interest expense	12,389	10,887	3,934
2. Provision for allowance for recoverable accounts under production sharing	6,176	20,586	16,642
3. Provision for exploration projects	2,973	3,104	3,386
4. Loss on valuation of investment securities	-	21,349	31,798
5. Other	11,355	5,572	8,801
Total other expenses	32,893	61,501	79,134
Ordinary income	586,262	685,799	616,166
Income before income taxes and minority interests	586,262	685,799	616,166
Income taxes–current	432,894	496,852	488,262
Income taxes–deferred	-19,655	-5,502	-17,883
Total income taxes	-	491,349	470,378
Minority interests	7,932	21,204	725
Net income	165,091	173,245	145,062