Summary of Consolidated Business Results for April 1, 2005 – March 31, 2006
05/16/061) Consolidated Operating Results
Note: Amounts have been rounded off to the nearest million yen.
Operating Income
Current Profit

Net Sales
April 2005 – March 2006
Reference:
Fiscal year ended March 31, 2005

¥ Millions
423,374%
14.5¥ Millions
6,339%
10.3¥ Millions
7,572%－17.4

369,761

11.4

5,745

36.0

9,170

38.8

Net IncomeEPS

Fully Diluted EPS¥ Millions%¥¥
April 2005 – March 2006
4,638
75.04
75.03
－22.3
Reference:
5,96872.9
104.34
96.68
Fiscal year ended March 31, 2005
Note: Figures shown in percentage of sales, operating income, and other items show the ratios of sequential changes are year-on-yearcomparisons.
2) Consolidated Financial Position
Shareholder’s Equity

Shareholder’s Equity
Ratio

Shareholder’s Equity
Per Share¥ Millions
269,590¥ Millions
78,457%29.1¥
1,253.77

210,478

59,58128.3

1,012.71

Net Cash fromOperating Activities

Net Cash from
Investment Activities

Net Cash from
Financial Activities

Balance of Cash and Cash
Equivalents at Term End¥ Millions－16,071¥ Millions
10,966¥ Millions
5,275¥ Millions
5,729－1,675－7,227

8,312

5,014

Total Assets

As of March 31, 2006
Reference:
As of March 31, 2005
3) Consolidated Cash Flows

April 2005 – March 2006
Reference:
Fiscal year ended March 31, 2005

4) Consolidated Forecasts for Fiscal 2006 (April 1, 2006 – March 31, 2007)
Net Sales

April 2006 – September 2006
Whole Year

Current Profit

Net Income¥ Millions
214,000¥ Millions
3,600¥ Millions
2,700

430,000

7,400

4,600

Reference: Expected EPS (Whole Year) ¥73.53* 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

During the fiscal year ended March 31, 2006, the Japanese economy was on a firm footing, with increasing capital
investment backed by improved corporate earnings and also with a gradual increase in personal consumption. While theimpact of soaring crude oil prices intensified uncertainties in the domestic and international economies, the United Statesand Asian countries maintained economic growth, and the euro zone also maintained a recovery trend by and large, causing
the economic climate surrounding the Inabata group to be favorable overall.
In such a climate, the Inabata group pushed forward aggressively across the globe, focusing on the following key areas:
IT & Electronics, Housing Materials, Chemicals, Plastics, and Food. As a result, consolidated net sales increased by 14.5%
year-on-year to ¥423,300 million, and operating income increased by 10.3% year-on-year to ¥6,339 million, supported by
the strong earnings of overseas operations. The exclusion of Sumitomo Pharmaceuticals Co., Ltd. (currently Dainippon
Sumitomo Pharma Co., Ltd.) from the scope of application of the equity method, meanwhile, caused a decline inconsolidated current profit by 17.4% to ¥7,572 million, and net income by 22.3% to ¥4,638 million, respectively.
Though non-consolidated net sales grew by 8.3% from the previous year to ¥290,300 million, operating income
decreased to ¥2,654 million, down 18.4%, and current profit to ¥3,663 million, down 18.6%, from the previous year. Net
income, however, increased to ¥10,624 million – 4.3 times the previous figure, due to a significant contribution from thesale of shares in Sumitomo Pharmaceuticals Co., Ltd.

6) Business Segment（100 millions of yen ）Segment

Net sales%

Year-on-year

IT & electronics

1,313

gain/loss
23.7

Housing Materials

251－3.6

Chemicals

735

8.5

Plastics

1,604

15.1

Food242

5.5

Others

86

18.7

Total

4,233

14.5