Information about the Amendment to the Consolidated Business Outlook & the Occurrence of Extraordinary loss

1. Amendments to the consolidated business outlook for FY2011 (April 1, 2011 to March 31, 2012)
   

   (Unit:million yen)

   	Net sales	Operating Income	Ordinary Income	Net income	Net income Per share
   Previously announced forecast(A) (on May 9, 2011)	2,920,000	90,000	84,000	28,000	yen sen 33.05
   Currently amended forecast(B)	3,070,000	74,000	72,000	13,000	15.35
   Change(B-A)	150,000	16,000	12,000	15,000	-
   Change(%)	5.1	17.8	14.3	53.6	-
   Previous year results (ended March 31, 2011)	2,771,523	104,097	96,094	28,933	34.16

2. Amendments to the Non-Consolidated Business Outlook for FY2011 (April 1, 2011 to March 31, 2012)
   

   (Unit:million yen)

   	Net sales	Operating Income	Ordinary Income	Net income	Net income Per share
   Previously announced forecast(A) (on May 9, 2011)	2,680,000	28,000	24,000	13,000	yen sen 15.34
   Currently amended forecast(B)	2,690,000	12,000	17,000	3,000	3.54
   Change(B-A)	10,000	16,000	7,000	10,000	-
   Change(%)	0.4	57.1	29.2	76.9	-
   Previous year results (ended March 31, 2011)	2,551,325	53,107	50,534	20,751	24.49

3. Reasons for the Amendments
   
   1. Occurrence of Extraordinary loss
      It is expected to occur loss on disaster of about \14.0 billion as extraordinary loss in FY2011, such as additional costs for removal/restoration of the assets damaged by the Great East Japan Earthquake on Mar. 11, 2011 and expenses incurred during the period of suspended operations in the Chiba Refinary.
   2. Reasons for the Amendments
      As for consolidated business outlook for the full year of FY2011, the impact of suspended operations of the Chiba Refinery in the petroleum business segment is anticipated to reduce operating income and ordinary income as compared with the previous forecast, and losses on the disaster recorded in FY2011 are anticipated to reduce net income for the year to be lower than the previous forecast.
      The above updated business outlook is based on the assumptions of a crude oil price at US$108.0 per bbl and an exchange rate of \78.9 per US$ for the full year of FY2011.
      (The previous assumptions (announced on May 9, 2011) of a crude oil price of US$100.0 per bbl and an exchange rate of \82.5 per US$.)

(Note) The above business outlook is based on information available as of the published date of this release and actual results may materially differ from the forecast subject to variable factors that may arise in the future.