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Notice Concerning the Amendment to the Business Outlook

April 27, 2012
Cosmo Oil Co., Ltd.
Corporate Communication Dept. Public Relations Office

Amendments have been made as follows to the business outlook for the full-year of FY2011(ending March 31, 2012).

  1. Amendments to the Consolidated Business Outlook for the full-year of FY2011
    (for the Period from 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 February 2, 2012)
    3,070,000 74,000 72,000 0 yen sen
    0.00
    Currently amended forecast(B) 3,109,000 63,000 61,000 -9,000 -10.62
    Variance(B-A) 39,000 -11,000 -11,000 -9,000  
    Rate of variance 1.3% -14.9% -15.3% -  
    Actual results of comparable period a
    year earlier (ended March. 31, 2011)
    2,771,523 104,097 96,094 28,933 34.16
  2. Amendments to the Non-Consolidated Business Outlook for the full-year of FY2011
    (for the Period from 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 November 2,2012)
    2,690,000 12,000 17,000 3,000 yen sen
    3.54
    Currently amended forecast(B) 2,757,000 5,000 19,500 -9,500 -11.21
    Variance(B-A) 67,000 -7,000 2,500 -12,500  
    Rate of variance 2.5% -58.3% 14.7% -  
    Actual results of comparable period a
    year earlier(ended March 31,2011)
    2,551,325 53,107 50,534 20,751 24.49
  3. Reason for the Amendment
    Due to the prolonged non-operation period of Chiba-refinery, alternative supply cost and catastrophe losses have increased. Thereby, decrease of operating income and net income is expected in the petroleum business segment.
    With reference to Chiba-refinery, the #2 Crude Distillation Unit (CDU) has already resumed operations and the #1 CDU is under preparations for start-up. When the #1 CDU start-up is made, the refinery will return to its original 2 CDU operation.
    Forecasts for FY2012 is expected to be announced at the time of the announcement of financial results for FY2011 which are scheduled on 8 May.
  • (Note) The above business outlook is based on information available as of the published date of this release, actual results may materially differ from the forecast.

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