News Release 2007
"HAKURYU-5" started the drilling operations of 1 well for Japan Petroleum Exploration Co., Ltd. offshore Cebu Island, Philippines following its drilling operations in Japan.
JDC celebrated the launching ceremony of the new jack-up rig "Hakuryu-10"(to be named) after completion of the assembly works of the hull blocks at PPL Shipyard, Singapore.
NAGA 1 has achieved 2,400,000 manhour No-LTI(Lost Time Incident) during the period from Jun. 6, 2000 until Oct. 5, 2007.
"HAKURYU-5" started the drilling operations of 1 well for Teikoku Oil Co., Ltd. offshore Kita Ibaraki, Japan. This is the first operations for JDC in Japan in the last decade.
JDCannounced that eleven directors were elected at the 39th Annual General Meeting of Shareholders held on June 27. M/s Minoru Murata, Akio Kawase, Yuichiro Ichikawa, Noritada Takizawa, Hideto Takahashi, Fumio Okabe, Kyosuke Furukawa, and Hiromitsu Yamamoto were re-elected. M/s Munekazu Makioka, Toshio Harada, and Hiroo Kiyokawa were newly elected. At the Board of Directors Meeting, the following persons were appointed as follows:
|Minoru Murata:||President and Representative Director|
|Akio Kawase:||Representative Director and Senior Managing Executive Officer|
|Yuichiro Ichikawa:||Representative Director and Senior Managing Executive Officer|
|Noritada Takizawa:||Director and Managing Executive Officer|
|Hideto Takahashi:||Director and Managing Executive Officer|
|Munekazu Makioka:||Director and Managing Executive Officer|
|Hiromitsu Yamamoto:||Director and Executive Officer|
|Toshio Harada:||Director and Executive Officer|
JDC announced net income of US$11.3 million for the fiscal year 2006 ended March 31, 2007 on total revenue of US$77.4 million. Net income decreased by 12.1% compared to US$12.8 million in 2005, while total revenue rose by 22.4% compared to US$63.3 million in 2005. Ordinary profit was US$ 17.7 million increased by 12.5% compared to US$15.7 million in 2005.(Converted at JPY116.98/US$ for the fiscal year of 2006) .