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Financial Information: Consolidated Statement of Income

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¥ million
  Apr.'12 - Mar.'13 Apr.'13 - Mar.'14 Apr.'14 - Mar.'15 Apr.'15 - Mar.'16 Apr.'16 - Mar.'17
I Net sales 1,216,533 1,334,625 1,171,226 1,009,564 874,423
II Cost of sales 426,326 490,416 525,443 526,757 453,846
Gross profit 790,206 844,209 645,782 482,806 420,576
III Exploration expenses 20,124 28,205 23,238 6,166 6,734
IV Selling, general and administrative expenses 76,634 82,392 87,657 86,500 77,389
Operating income 693,447 733,610 534,886 390,139 336,452
V Other income          
1. Interest income 8,734 17,462 11,226 10,751 10,460
2. Dividend income 7,832 9,227 6,669 10,825 2,802
3. Gain on sales of marketable securities 10,335 18,146 25,986
4. Gain on sales of investment securities 25,449 4,999
5. Equity in earnings of affiliates 2,175
6. Gain on transfer of mining rights 50,173 27,520
7. Foreign exchange gain 19,562 2,964
8. Other 6,477 13,709 18,639 19,406 18,652
Total other income 98,666 50,734 101,763 69,934 39,090
VI Other expenses          
1. Interest expense 1,518 2,335 2,946 4,198 5,228
2. Equity in losses of affiliates 1,041 5,053 13,443 20,696
3. Provision of allowance for doubtful accounts 8,308
4. Provision for allowance for recoverable accounts under production sharing 15,131 8,028 19,449 25,026 14,374
5. Provision for exploration projects 12,452 1,165 835 335
6. Foreign exchange loss 30,055 4,279 3,759
7. Loss on disposal of fixed assets 6,258 13,288 4,786
8. Other 13,769 13,404 18,561 21,756 5,193
Total other expenses 73,968 34,266 61,494 85,301 41,651
Ordinary income 718,146 750,077 575,155 374,771 333,891
VII Extraordinary loss          
1. Impairment loss 35,132 45,884 6,366
Total extraordinary loss 35,132 45,884 6,366
Income before income taxes 718,146 750,077 540,022 328,887 327,525
Income taxes–current 539,207 514,015 448,658 356,585 304,620
Income taxes–deferred (9,932) 49,121 15,767 (2,192) (33,227)
Net income (loss) 188,870 186,941 75,597 (25,505) 56,131
Net income (loss) attributable to non-controlling interests 5,909 3,250 (2,222) (42,282) 9,963
Net income attributable to owners of parent 182,961 183,690 77,820 16,777 46,168

Consolidated net sales for the year ended March 31, 2017 decreased by ¥135.1 billion, or 13.4%, to ¥874.4 billion from the previous fiscal year. The decrease of ¥135.1 billion in net sales was mainly derived from the following factors: regarding net sales of crude oil and natural gas, an increase in sales volume contributing ¥34.8 billion to the increase, a decrease in unit sales price pushing sales down of ¥85.9 billion, the appreciation of the Japanese yen against the U.S. dollar pushing sales down of ¥85.1 billion, and an increase in net sales excluding crude oil and natural gas of ¥1.0 billion. Cost of sales for the year ended March 31, 2017 decreased by ¥72.9 billion, or 13.8%, to ¥453.8 billion mainly due to the appreciation of the Japanese yen against the U.S. dollar. Exploration expenses increased by ¥0.5 billion, or 9.2%, to ¥6.7 billion. Selling, general and administrative expenses decreased by ¥9.1 billion, or 10.5%, to ¥77.3 billion. As a result, operating income decreased by ¥53.6 billion, or 13.8%, to ¥336.4 billion.
Other income decreased by ¥30.8 billion, or 44.1%, to ¥39.0 billion due to decreases in gain on sales of marketable securities and dividend income and others. Other expenses decreased by ¥43.6 billion, or 51.2%, to ¥41.6 billion due to decreases in equity in losses of affiliates and provision for allowance for recoverable accounts under production sharing and others. As a result, ordinary income decreased by ¥40.8 billion, or 10.9%, to ¥333.8 billion. Extraordinary loss was ¥6.3 billion as a result of posting impairment loss for certain projects due to a drop in oil prices and others.
Total amount of current income taxes and deferred income taxes decreased by ¥83.0 billion, or 23.4%, to ¥271.3 billion, and net income attributable to non-controlling interests was ¥9.9 billion. As a result of above effects, net income attributable to owners of parent for the year ended March 31, 2017 increased by ¥29.3 billion, or 175.2%, to ¥46.1 billion.

↓This table is scrollable horizontally.

¥ million
  Apr.'16 - Jun.'16 Apr.'16 - Sep.'16 Apr.'16 - Dec.'16 Apr.'16 - Mar.'17 Apr.'17 - Jun.'17
I Net sales 198,136 389,657 623,489 874,423 217,874
II Cost of sales 106,500 210,127 324,992 453,846 110,958
Gross profit 91,635 179,530 298,497 420,576 106,916
III Exploration expenses 1,342 2,462 5,447 6,734 456
IV Selling, general and administrative expenses 19,520 38,994 57,240 77,389 19,224
Operating income 70,773 138,072 235,808 336,452 87,235
V Other income          
1. Interest income 2,591 5,138 8,512 10,460 1,773
2. Dividend income 1,108 1,344 2,044 2,802 1,852
3. Gain on sales of investment securities 4,999
4. Equity in earnings of affiliates 523 2,175 1,042
5. Gain on reversal of allowance for recoverable accounts under production sharing 4,444
6. Foreign exchange gain 711 31
7. Gain on sales of fixed assets 1,909
8. Other 3,275 9,965 14,967 18,652 1,887
Total other income 8,884 16,448 26,759 39,090 11,032
VI Other expenses          
1. Interest expense 1,162 2,403 3,847 5,228 1,441
2. Equity in losses of affiliates 221 437
3. Provision of allowance for doubtful accounts 8,308
4. Provision for allowance for recoverable accounts under production sharing 687 1,032 317 14,374
5. Provision for exploration projects 34
6. Foreign exchange loss 15,757 17,168 3,759
7. Loss on disposal of fixed assets 4,786
8. Other 1,033 1,297 1,834 5,193 1,319
Total other expenses 18,896 22,340 5,999 41,651 2,760
Ordinary income 60,761 132,180 256,569 333,891 95,507
VII Extraordinary loss          
1. Impairment loss 6,366
Total extraordinary loss 6,366
Income before income taxes 60,761 132,180 256,569 327,525 95,507
Income taxes–current 54,026 118,223 220,615 304,620 66,947
Income taxes–deferred (9,224) (10,755) (22,289) (33,227) 5,727
Net income (loss) 15,959 24,713 58,244 56,131 22,832
Net income (loss) attributable to non-controlling interests 8,095 8,986 10,315 9,963 2,806
Net income attributable to owners of parent 7,864 15,727 47,929 46,168 20,025

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