In the year ended March 31, 2010, consolidated net sales decreased by ¥235.7 billion, or 21.9%, to ¥840.4 billion from the previous fiscal year. The fall came as an increase in sales volume could not offset the negative effects of a stronger yen, and lower prices for crude oil and overseas gas.
Ordinary income fell by ¥174.1 billion, or 28.3%, to ¥442.0 billion. The fall came despite decreases in cost of sales, exploration expenses and selling, general and administrative expenses, in addition to improvement in other expenses.
Net income fell by ¥37.8 billion, or 26.1%, to ¥107.2 billion, despite a drop in current and deferred income taxes due to the fall in consolidated net sales.
![Earnings Highlights[INPEX CORPORATION until Mar. 2006]](../img/menu05_11.gif){kind=small}
![Earnings Highlights[Teikoku Oil until Mar. 2006]](../img/menu05_12.gif){kind=small}
