Growth Investment and Enhancement of Corporate Value under Vision 2035 and the Eighth Consolidated Medium-Term Management Plan

「Against this backdrop, under the Eighth Consolidated Medium-Term Management Plan (fiscal years 2026–2028), with the slogan “Oil & New Energy and Beyond,” we are pursuing sustainable growth in corporate value through the maximization of earnings from our existing oil-centered businesses, increased investment in growth areas, the strengthening of our management foundation through productivity improvements and the use of AI and digital technologies, and improvements in shareholder returns, financial soundness and capital efficiency, based on the four basic policies of “Maximizing Earnings Power,” “Pursuing Growth Opportunities,” “Improving Productivity” and “Integrated Capital Policy.”」

「The Group has formulated Vision 2035 as a long-term vision looking toward 2035 in response to changes in the external environment. Against a backdrop of the growing importance of energy security, the prolonged transition to a decarbonized society and rising electricity demand accompanying advances in AI and digitalization, the Group will focus on three pillars: petroleum and next-generation energy, resource development, and the electricity supply chain, and work to enhance corporate value. Through these initiatives, the Group will make approximately ¥800 billion in growth investments over 10 years and pursue management aimed at achieving ordinary profit excluding inventory valuation of at least ¥250 billion and ROE of at least 15% in fiscal 2035. The basic policies of the Eighth Consolidated Medium-Term Management Plan are “Maximizing profitability,” “Pursuing growth opportunities,” “Improving productivity” and “Three-pronged capital policy,” under the slogan “Oil & New: Energy and Beyond.”」