| 1.The Third Consolidated Medium-Term Management Plan Progress Made in the First Half of FY2008 and Future Policy |
| (1)Review of the first half of FY 2008, outlook for the full year and the basic policy for the consolidated medium-term management plan |
| [Results] Results of the First Half of FY2008 |
| [Outlook] Business Outlook for the Full Year of FY2008 |
| [Medium-Term Management Plan] Rebuild of the Earnings Base and Preliminary Moves for Future Growth |
| (2)Growth Strategy of Cosmo Oil Group |
| [Program for Management Plan] Accelerate Growth Strategy - Oil E&P Business -1 |
| [Program for Management Plan] Accelerate Growth Strategy - Oil E&P Business -2 |
| [Programs for Management Plan] Further Enhancement in Profitability of Oil Refining and Marketing Business - Build a Strong Nationwide Sales Network in Japan |
| [Programs for Management Plan] Further Enhancement in Profitability of Oil Refining and Marketing Business - Expand Sales outside Japan -1 |
| [Programs for Management Plan] Further Enhancement in Profitability of Oil Refining and Marketing Business - Expand Export -2 |
| [Programs for Management Plan] Acceleration of Implementation of Growth Strategies - Petrochemical Business |
| (3)Outline of Results for the First Half of FY2008 |
| [1H FY2008 Results] Consolidated Operating Highlights from 1H FY2007 |
| [1H FY2008 Results] Consolidated Ordinary Income - Analysis of Changes from 1H FY2007 |
| [1H FY2008 Results] Outline of Consolidated Cash Flows and Balance Sheets |
| (4)Outline of Forecast for Full Year of FY2008 |
| [FY2008 Outlook] Highlights of Consolidated Business Outlook - Changes from FY2007 |
| [FY2008 Outlook] Consolidated ordinary income - Analysis of Changes from FY2007 |
| [1H FY2008 Results・FY2008 Outlook] Outline of Consolidated Capital Investment |
| 2. Q&A Session |