November 8, 2016
Company name: Nitta Gelatin Inc.
Representative: Koichi Ogata, Representative Director and President(Stock code: 4977; First Section of Tokyo Stock Exchange)
Contact: Toru Tamaoka, Director and Executive Officer
General Manager of Administration Division
Tel: +81-72-949-5381

Notice Concerning the Recording of Non-Operating Expenses,
Difference Between Consolidated Business Forecasts and Actual Results
for the Six Months Ended September 30, 2016, and Revisionof Consolidated Business Forecasts for the Fiscal Year Ending March 31, 2017

Nitta Gelatin Inc. hereby announces that it has recorded non-operating expenses (foreign exchangelosses) for the six months ended September 30, 2016 (from April 1, 2016 to September 30, 2016).
At the same time, Nitta Gelatin also announces a difference arising between its consolidated
business forecasts announced on May 10, 2016 and actual results for the six months ended
September 30, 2016. Details are as follows.
In light of factors such as actual results for the six months ended September 30, 2016, Nitta
Gelatin also announces the revision of consolidated business forecasts for the fiscal year ending
March 31, 2017, with details as follows.

1. Details of non-operating expense (foreign exchange losses)
The Company recorded foreign exchange losses of ¥246 million as a non-operating expense for thesix months ended September 30, 2016 (from April 1, 2016 to September 30, 2016).
The loss was mainly caused by a change in the valuation of the Group's foreign-currency
denominated assets and liabilities in line with foreign exchange market conditions at the end of
September 2016.
The abovementioned item is a foreign exchange loss as of the end of September 2016, and could
vary depending on foreign exchange market conditions going forward.

-1-2. Difference between consolidated business forecasts and actual results for the six
months ended September 30, 2016 (April 1, 2016 to September 30, 2016)
Net income

Net income
per share

Net sales

OperatingincomeOrdinary
incomeMillions of yen

Millions of yen

Millions of yen

Millions of yen

Previous forecast (A)18,700

650

600

300

¥16.33Result (B)17,752

924

688

405

¥22.05Difference (B-A)

(947)

274

88105

―% change(5.1%)

42.2%

14.8%

35.1%―

18,285

448

365

147

¥8.00attributable toowners of theparent(Reference)
Results for the six-months period of the previous
fiscal year (six months ended September 30, 2015)

Reasons for the difference
Although net sales decreased year on year due to the foreign exchange impact, operating income
increased owing to cost-cutting efforts. As a result, net income attributable to owners of the parent
increased.

3. Revision of consolidated business forecasts for the fiscal year ending March 31, 2017
(April 1, 2016 to March 31, 2017)
Net income

Net income
per share

Net sales

Operatingincome

Ordinary
incomeMillions of yen

Millions of yen

Millions of yen

Millions of yen

Previous forecast (A)38,2001,500

1,400800¥43.54

Revised forecast (B)35,0001,700

1,400800¥43.54

Difference (B-A)(3,200)20000―% change(8.4%)

13.3%

0.0%

0.0%

―

36,885

1,273

979

477

¥26.00attributable toowners of theparent(Reference)
Results for the previous fiscal year
(fiscal year ended March 31, 2016)

Reasons for revisions
Compared to the previous forecast, net sales are susceptible to further foreign exchange impacts.
Meanwhile, operating income is expected to surpass the previous forecast in light of the result forthe six months ended September 30, 2016. For these reasons, Nitta Gelatin has revised its forecasts.
* The business forecasts in this press release were formulated based on information available as of
the announcement date of this press release. Various factors going forward may cause actual
results to differ from the forecasts.

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