December 20, 2011
Company name: Nitta Gelatin Inc.
Representative: Norimichi Soga, Representative Director and President(Stock code: 4977)
Contact: Tsuneo Sasaki, Director and Managing Executive Officer,
General Manager of General Affairs Division
Tel: +81-72-949-5381

Financial Results and Other Information Accompanying th e Listing ofNitta Gelatin on the Second Section of the Tokyo Stock Exchange
Nitta Gelatin Inc. is proud to announce that today on December 20, 2011 it listed its common
stock on the Second Section of the Tokyo Stock Exchange. The Company would like to take thisopportunity to ask for the continued support and understanding of its investors and otherstakeholders.
Our most recent disclosure of financial results and other information are as attached, and ourearnings forecasts for the fiscal year ending March 31, 2012 are as follows.
[Consolidated]
Fiscal period

Net sales
Operating income
Ordinary income
Net income
Net income per share

Year ending March 31, 2012
(forecasts)

Year ended March 31,
2011 (results)

Composition

ChangeComposition

28,194

100.0

101.0

27,923100.0

14,311

100.0

2,060

7.3

138.5

1,486

5.3

1,265

8.8

2,017

7.2

145.8

1,383

5.0

1,186

8.3

1,308

4.6

124.4

1,051

3.8

777

5.4

¥94.78Net sales
Operating income
Ordinary income
Net income
Net income per share
Dividend per share(interim dividend per share)

Year ending March 31, 2012
(forecasts)

Composition¥160.39[Non-consolidated]
Fiscal period(In millions of yen, %)First half of the year
ending March 31, 2012
(results)

Year ended March 31,
2011 (results)¥59.90(In millions of yen, %)First half of the year
ending March 31, 2012
(results)

Composition

Change20,628

100.0

100.5

20,532100.0

10,522

100.0

1,542

7.5130.3

1,183

5.8

940

8.9

1,584

7.7

131.6

1,203

5.9

925

8.8

936

4.5

121.5

770

3.8555

5.3¥67.23¥10.00 (¥2.00)

Composition¥115.46
Common stock ¥7.50(¥3.75)Class A preferredstock ¥22.56

Composition¥42.13¥2.00 (¥2.00)

1/2

Note:
1. Net income per share for the fiscal year ended March 31, 2011 (results) and the first half of the fiscal year ending
March 31, 2012 (results) were calculated based on the average number of shares outstanding during eachcorresponding period.
2. Net income per share was calculated taking into account the proportion of net income attributable to preferredstock.
3. As regards the fiscal year ended March 31, 2011, the Board of Directors of Nitta Gelatin met and resolved onJuly 21, 2010 and December 15, 2010 to acquire and retire part of the Company’s class A preferred stock.
Moreover, as regards the first half and the full term of the fiscal year ending March 31, 2012, the Board ofDirectors met and resolved on April 27, 2011 to acquire and retire all that remained of this class A preferred stock
effective May 23, 2011.
4. The net income per share forecast for the fiscal year ending March 31, 2012 was calculated taking into accountthe scheduled placement of 3,000,000 shares of Nitta Gelatin common stock for public subscription. This numberof shares, however, does not include the issuance of up to 542,000 shares of common stock for allotment to a third
party in connection with the offering of existing common stock to cover over-allotments.
5. Items related to actual results for the first half of the fiscal year ending March 31, 2012, and to first-half forecasts
included in full-year forecasts for the fiscal year ending March 31, 2012, reflect increases in net sales and earnings
resulting from the Company’s shift of exports to domestic sales due to earthquake-related demand. However, theCompany does not expect similar increases in sales and earnings from this source of demand in the third quarter
onward. Apart from this upside to the recovery from the March 11 earthquake, the yen’s appreciation resulted in agreater-than-anticipated reduction in the yen conversion of overseas sales and procurement costs denominated inlocal currencies. As one consequence in the first half, this impact was recorded as part of a decrease in sales andincrease in earnings denominated in yen.
6. Dividends per share forecast for the year ending March 31, 2012 include a commemorative dividend of ¥2.00 pershare.
7. The Company conducted a stock split on April 1, 2011, at a ratio of two shares of common stock for each one
share of common stock. For reference, the per-share earnings indicators retroactively adjusted for dilution as aresult of this stock split are as follows.

[Consolidated]
Net income per share

Year ending March 31, 2012
(forecast)Year ended March 31, 2011
(result)¥94.78¥80.19First half of the year ending
March 31, 2012 (result)¥59.90[Non-Consolidated]
Net income per share
Dividend per share(interim dividend per share)¥67.23¥10.00（ ¥2.00）¥57.73
Common stock ¥3.75(¥1.875)
Class A preferred stock¥22.56¥42.13¥2.00（¥2.00）2/2