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Information about Differences between the Forecast and Actual Results for the First Six Months of the Fiscal Year Ending March 31, 2012

November 2, 2011
Cosmo Oil Co., Ltd.
Corporate Communication Dept. Public Relations Office

The Company reports that differences were recorded between the business outlook announced on May 9, 2011 and actual consolidated results for the first six months (April 1, 2011-September 30, 2011) of the fiscal year ending March 31, 2012.

  1. Differences recorded between the forecast and actual consolidated results for the first six months (April 1, 2011-September 30, 2011) of the fiscal year

    (Unit:million yen)

      Net sales Operating
    Income
    Ordinary
    Income
    Net income Net income
    Per share
    Previously announced forecast(A)
    (on May 9, 2011)
    1,350,00 27,000 24,000 6,000 yen sen
    7.08
    Actual consolidated results(B) 1,453,549 27,466 27,612 2,831 3.34
    Change(B-A) 103,549 466 3,612 - 3,169 -
    Change(%) 7.7 1.7 15.1 - 52.8 -
    (Reference)
    Actual results of corresponding period
    a year earlier(ended Sept. 30, 2010)
    1,297,457 29,685 26,710 1,265 1.49
  2. Main Reason for the Differences
    Compared with the previous business outlook (announced on May 9, 2011), the Company recorded disaster losses due to the suspended operations of the Chiba Refinery mainly caused by the impact by the earthquake and extraordinary losses, such as losses on valuation of investment securities caused by the sluggish stock exchange market.
    (The previous assumptions of a crude oil price of US$100.0 per bbl and an exchange rate of \82.5 per US$, the updated assumptions of a crude oil price of US$108.9 per bbl and an exchange of \79.8 per US$.)

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