Message From Management

I would like to express our sincere appreciation to all our shareholders and investors for their support and understanding of the INPEX Group and its business operations.

Having been elected Representative Director, President & CEO by the board of directors following the ordinary general meeting of shareholders held on June 26, 2018, I am committed to furthering the growth and development of the INPEX Group, and look forward to your continued support.

In 2012, INPEX formulated its "MEDIUM- TO LONG-TERM VISION OF INPEX" and has since steadfastly implemented the measures outlined therein. While INPEX will continue to be expected to respond to the world's growing energy demands, our long-term business environment is undergoing dramatic changes led by a global response to climate change and a transition to a low-carbon society.

Taking this situation into account, we have presented a new, long-term vision for the period until 2040 in the form of "Vision 2040: Delivering tomorrow's energy solutions," (Vision 2040) which sets out three business targets; 1) the sustainable growth of oil and natural gas E&P activities, 2) the development of a global gas value chain business and 3) the reinforcement of renewable energy initiatives. While reducing the carbon footprint of every one of our business operations, we will work to continuously increase our corporate value by maintaining a portfolio that can flexibly respond to the changes in our business environment between now and 2040.

In addition, we have also formulated our "Medium-term Business Plan 2018-2022: Growth & Value Creation," which outlines specific targets and initiatives for the fiscal years 2018-2022 toward realizing Vision 2040. While pursuing our financial and business targets, we will also strive to improve the management policies required to achieve these targets.

We at INPEX aim to become a leading energy company serving an essential role in global society by meeting the energy needs of Japan and countries around the world, based on our mission of contributing to the creation of a brighter future for society through our efforts to develop, produce and deliver energy in a sustainable way.

I would again like to thank our shareholders and investors for their continued understanding and support.

June 2018
Representative Director, President & CEO
Takayuki UEDA

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