May 12, 2023

Company name
Representative

Nitta Gelatin Inc.
Koichi Ogata,
Representative Director and President(Stock code: 4977; Prime Market of Tokyo Stock Exchange)
Norifumi Nagaoka,
Contact
Director and Executive Officer
General Manager of General Management
Division
Phone Number+81-72-949-5381

Notice Regarding Recognition of Non-Operating Income, Extraordinary Gains, and Extraordinary Losses, aswell as Differences between Non-Consolidated Financial Results and Previous Fiscal Year’s Results

Nitta Gelatin Inc. (hereinafter “Nitta Gelatin) hereby announces that it has recognized non-operating income,extraordinary gains, and extraordinary losses as follows in its consolidated and non-consolidated financial results for
FY2023, ended March 31, 2023. Nitta Gelatin also reports differences between its non-consolidated financial results for
FY2022 and FY2023 results. Details are as follows.

1. Recognition of non-operating income (non-consolidated)(1) Details of non-operating income
Nitta Gelatin recorded non-operating income of ¥245 million as a result of foreign exchange gains related tosettlements of foreign currency denominated receivables and payables as well as revaluation due to the fiscal year-end
exchange rate.
(2) Impacts on financial results
The above non-operating income is reflected in “Consolidated Financial Results for the Fiscal Year Ended March 31,2023” announced today.
2. Recognition of extraordinary gains (consolidated and non-consolidated)(1) Details of extraordinary gains
Nitta Gelatin recorded gain on sales of investment securities of ¥616 million as extraordinary gains after reviewing its
cross-shareholdings based on Japan’s Corporate Governance Code, and selling investment securities to strengthen its
financial position and increase asset efficiency.
(2) Impacts on financial results
The above extraordinary gains are reflected in “Consolidated Financial Results for the Fiscal Year Ended March 31,2023” announced today.
3. Recognition of extraordinary losses (non-consolidated)(1) Details of extraordinary losses
Nitta Gelatin recorded loss on valuation of shares of subsidiaries and associates of ¥619 million as extraordinary
losses in the non-consolidated financial results, taking into account the situation of the financial results and net assetsof Nitta Gelatin USA Inc., a consolidated subsidiary.

1(2) Impacts on financial results
These losses are fully eliminated in the consolidated financial statements, and as a result, there is no impact on
consolidated financial results.
4. Differences between Full Year Non-consolidated Financial Results for FY2022 and FY2023 (April 1, 2022 to March 31,2023)

Results for FY2022 (A)Millions of yen
20,105

OperatingincomeMillions of yen
163

Results for FY2023 (B)22,676

300

843

761

Difference (B–A)

2,571

136113307

Change (%)

12.8

83.3

15.6

67.9

Net sales

Ordinaryincome
Millions of yen
730

Millions of yen
453

Earnings pershare
Yen
25.06
42.02

Net income

Reason for the Difference
In the food solution category, sales for gummy candies were strong. In the health support category, sales of gelatin for
capsules and collagen peptide for beauty use increased.
As a result of the above, net sales, operating income, ordinary income and net income each exceeded the amounts for
FY2022, ended March 31, 2022.

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