(REVISED)Summary of Consolidated Business Results for April 1, – December 31, 2007
02/07/081) Consolidated Operating Results
Note: Amounts less than one million yen have been omitted.
Operating Income
Current Profit

Net Sales¥ Millions%¥ Millions%¥ Millions%

April – December 2007 (3Q ’07)

370,982

6.7

6,772

10.8

7,013

16.1

AprilDecember 2006 (3Q ’06)

347,606

12.8

6,115

13.4

6,041

7.6

Reference:
Fiscal year ended March 31, 2007

466,096-

7,605-

7,325-

Net IncomeEPS

Fully Diluted EPS¥ Millions%¥¥

April – December 2007 (3Q ’07)

3,065

30.4

47.22

46.99

AprilDecember 2006 (3Q ’06)

4,402

0.5

70.38

69.99

Reference:
4,570
72.76
72.19
Fiscal year ended March 31, 2007
Note: Figures shown in percentage of sales, operating income, and other items show the ratios of sequential changes compared withthe third quarter of 2006.

2) Consolidated Financial Position
Total Assets

Net worth Equity
Ratio

Net Assets

Net worth Equity Per
Share¥ Millions¥ Millions%¥

As of December 31, 2007

288,707

79,54327.1

1,202.85

As of December 31, 2006

294,42883,961

28.2

1,325.61

Reference:
As of March 31, 2007

287,808

83,89128.7

1,276.44

Net Cash fromOperating Activities

Net Cash from
Investment Activities

Net Cash from
Financial Activities

Balance of Cash and Cash
Equivalents at Term End

April – December 2007 (3Q ’07)

¥ Millions
928¥ Millions
1,135¥ Millions
875¥ Millions
6,990

AprilDecember 2006 (3Q ’06)406

1,112

1,087

6,356

Reference:
Fiscal year ended March 31, 2007

1,150

3,132

4,377

6,311

3) Consolidated Cash Flows4) Consolidated Forecasts for Fiscal 2007 (April 1, 2007 – March 31, 2008)
The forecast for the full year ending March 31, 2008 released on December 26, 2007 remains unchanged.
Net Sales

Whole Year

Operating Income

Current ProfitEPSNet Income¥ Millions%¥ Millions%¥ Millions%¥ Millions%¥490,000

5.1

8,400

10.4

7,800

6.5

2,900

36.6

44.72

Note: Figures shown in percentage show the ratios of sequential changes compared with the fiscal year ended March 31, 2006.
* The above forecasts were prepared on the basis of information available on the date of release. Actual results may differ from these forecasts due tovarious factors.
.5) Business Results
Consolidated net sales for the first nine months ended December 31, 2007 totaled ¥370,982 million, up¥23,376 million compared to the same period of the previous fiscal year. This was mainly because the IT &electronics business, led by LCD-related products, and the plastics business, boosted by resins for AV/OA
applications, maintained the strong performances. Operating income and current profit also rose, with theformer reaching ¥6,772 million, up ¥657 million year-on-year, and the latter rising to ¥7,013 million, up¥972 million. However, net income fell by ¥1,336 million to ¥3,065 million. This decrease was due to theallowance for doubtful receivables recorded resulting from improper transactions that surfaced in 2007.

6) Business Segment                              Segment

Net sales%

Operating income%(¥ Millions)gain/loss(¥ Millions)gain/loss

IT & Electronics

137,225

14.6

2,625

4.7

Housing Materials

18,574

0.9

114

46.6

Chemicals

56,021

1.4

1,101

47.6

Plastics

137,655

9.4

2,564

20.4

Food18,602

15.2

160

54.3

Others

2,965

52.7

  206

31.6

Total

370,982

6.7

6,772

10.8

 Note: Figures shown in percentage show the ratios of sequential changes compared with the nine months ended December 31,

2006.

----------------------------------------------------Reference:(June 2, 2008)
Notice Concerning Partial Revision of “Summary of Consolidated Business Results for April 1, 2007 - December 31, 2007” and“Summary of Consolidated Business Results for April 1, 2007 - March 31, 2008”
Inabata & Co., Ltd. (hereinafter the “Company”) has revised its “Summary of Consolidated Business Results for April 1, 2007 December 31, 2007” and “Summary of Consolidated Business Results for April 1, 2007 - March 31, 2008” announced by the Company
on February 7, 2008 and May 12, 2008, respectively, due to an error regarding business segment classification in its subsidiaries in theUnited States.

This document is an English translation of the Japanese original.
Although Inabata intended to faithfully translate the Japanese document into English, please bewarned that Inabata cannot guarantee the accuracy, safety or reliability of this translation.