Translation
Notice: This document is an excerpt translation of the original Japanese document and is only for reference purposes. In the event of any
discrepancy between this translated document and the original Japanese document, the latter shall prevail.

Summary of Consolidated Financial Results
for the Nine Months Ended December 31, 2016
(Based on Japanese GAAP)
February 9, 2017
Company name:Inabata&Co.,Ltd.
Stock exchange listing: Tokyo
Stock code:
Representative:

8098
URL http://www.inabata.co.jp
Director,President
Katsutaro Inabata

Inquiries:
Director, Managing Executive Officer
Scheduled date to file Quarterly Securities Report:

Kenichi Yokota
February 13, 2017

Scheduled date to commence dividend payments:
Preparation of supplementary material on quarterly financial results:–No

Holding of quarterly financial results meeting:

No

TEL

03-3639-6421(Amounts less than one million yen are rounded down)
1. Consolidated financial results for the nine months ended December 31, 2016 (from April 1, 2016 to December 31, 2016)(1) Consolidated operating results (cumulative)
Net sales
Nine months ended December 31, 2016
Nine months ended December 31, 2015

Millions of yen
439,358
442,895

Percentages indicate year-on-year changes
Profit attributable toOperating income
Ordinary income
owners of parent% Millions of yen% Millions of yen% Millions of yen
%
(0.8)
9,384
4.3
10,602
5.2
7,617
(0.9)
4.0
8,993
11.1
10,080
(7.4)
7,688
(0.5)

Earnings per share

Diluted earnings per shareYen
122.67122.63Nine months ended December 31, 2016
Nine months ended December 31, 2015

Yen––(2) Consolidated financial position
Total assets
As of December 31, 2016
As of March 31, 2016

Net assets

Millions of yen
355,794
305,436

Equity ratio

Millions of yen
146,177
127,025

%
40.7
41.3

2. Cash dividends
Annual dividends per share

Year ended March 31, 2016
Year ending March 31, 2017

1st quarter-end

2nd quarter-end

3rd quarter-end

Fiscal year-end

Yen––

Yen
16.00
18.00

Yen––

Yen
20.00

Yen
36.00

22.00

40.00

Year ending March 31, 2017 (Forecast)Total

3. Forecast of consolidated financial results for the year ending March 31, 2017 (from April 1, 2016 to March 31, 2017)
Percentages indicate year-on-year changes
Profit attributable toNet sales
Operating income
Ordinary income
Earnings per shareowners of parent
Millions of yen% Millions of yen% Millions of yen% Millions of yen%
Yen
Full year
590,000
2.2
11,5001.1
12,500
2.0
9,000
(5.4)
144.931

4. Notes(1) Changes in significant subsidiaries during the nine months ended December 31, 2016(changes in specified subsidiaries resulting in the change in scope of consolidation):No(2) Application of special accounting methods for preparing quarterly consolidated financial statements:

No(3) Changes in accounting policies, changes in accounting estimates, and restatement of prior period financial statements
Changes in accounting policies due to revisions to accounting standards and other regulations:
Changes in accounting policies due to other reasons:

NoNo

Changes in accounting estimates:
Restatement of prior period financial statements:

NoNo(4) Number of issued shares (common shares)
Total number of issued shares at the end of the period (including treasury shares)
As of December 31, 2016

63,499,227 shares As of March 31, 2016

63,499,227 shares

Number of treasury shares at the end of the period
As of December 31, 2016

1,402,271 shares As of March 31, 2016

1,402,268 shares

Average number of shares during the period (cumulative from the beginning of the fiscal year)
Nine months ended December 31, 2016

62,096,957 shares Nine months ended December 31, 2015

262,697,104 shares

Quarterly consolidated financial statements
Consolidated balance sheets(Millions of yen)
As of March 31, 2016

As of December 31, 2016

AssetsCurrent assets
Cash and deposits
Notes and accounts receivable - trade21,315145,565

30,531
169,206

Merchandise and finished goods
Work in process

41,472526

41,296638

Raw materials and supplies
Other

2,824
11,930

2,872
9,429

Allowance for doubtful accounts(1,188)(1,202)

Total current assets

222,446

252,771

Property, plant and equipment
Intangible assets

11,266
3,585

11,6103,527

Investments and other assets
Investment securities

62,71582,443Net defined benefit asset
Other

2,502
3,599

2,510
3,999

Non-current assets

Allowance for doubtful accounts(679)(1,068)

Total investments and other assets

68,137

87,885

Total non-current assets

82,989103,023

305,436

355,794

Notes and accounts payable - trade
Short-term loans payable

83,26444,384

100,565
54,870

Income taxes payable
Provision for bonuses

2,046
1,123

1,208
620

Other

7,328

6,495

138,147

163,761Long-term loans payable
Provision for directors' retirement benefits

23,99332

23,69032

Provision for loss on guarantees
Net defined benefit liability

18
1,291

18
1,426

Other

14,927

20,685

Total assets
Liabilities
Current liabilities

Total current liabilities
Non-current liabilities

Total non-current liabilities
Total liabilities

340,263

45,854

178,410

209,616(Millions of yen)
As of March 31, 2016

As of December 31, 2016

Net assets
Shareholders' equity
Capital stock

9,364

9,364

Capital surplus
Retained earnings

7,708
75,909

7,708
81,167

Treasury shares(1,177)(1,177)

Total shareholders' equity

91,804

97,062

Valuation difference on available-for-sale securities
Deferred gains or losses on hedges

31,858(68)

44,82886

Foreign currency translation adjustment
Remeasurements of defined benefit plans

3,055(612)3,454(578)

Total accumulated other comprehensive income

34,23347,789987

1,325

127,025

146,177

305,436

355,794

Accumulated other comprehensive income

Non-controlling interests
Total net assets
Total liabilities and net assets

4Consolidated statements of income (cumulative) and consolidated statements of comprehensive income(cumulative)
Consolidated statements of income (cumulative)(Millions of yen)
Nine months ended

Nine months ended

December 31, 2015

December 31, 2016

Net sales
Cost of sales

442,895
411,666

439,358
407,816Gross profit

31,22831,542

Selling, general and administrative expenses

22,234

22,157

Operating income

8,993

9,384

225
1,509

178
1,236

Foreign exchange gains
Share of profit of entities accounted for using equity method

–
458

160
363

Miscellaneous income

718

555

2,912

2,495

Interest expenses
Foreign exchange losses

848
707

933
–

Miscellaneous loss

269

343

Non-operating income
Interest income
Dividend income

Total non-operating income
Non-operating expenses

Total non-operating expenses

1,826

1,276

10,08010,602

823

682

823

682

Profit before income taxes

10,903

11,285

Income taxes - current
Income taxes - deferred

3,367(322)

3,115
208

Total income taxes

3,045

3,324

Profit

7,858

7,961

169

344

7,688

7,617

Ordinary income
Extraordinary income
Gain on sales of investment securities
Total extraordinary income

Profit attributable to non-controlling interests
Profit attributable to owners of parent

5Consolidated statements of comprehensive income (cumulative)(Millions of yen)

ProfitOther comprehensive income

Nine months ended

Nine months ended

December 31, 2015

December 31, 2016

7,858

7,961

Valuation difference on available-for-sale securities
Deferred gains or losses on hedges

6478

12,950214

Foreign currency translation adjustment
Remeasurements of defined benefit plans, net of tax(1,518)
(11)

477
33

(138)

(30)

(1,525)

13,645

6,333

21,607

6,150

21,173

182

433

Share of other comprehensive income of entities accounted
for using equity method
Total other comprehensive income
Comprehensive income
Comprehensive income attributable toComprehensive income attributable to owners of parent
Comprehensive income attributable to non-controllinginterests

6