Summary of Consolidated Business Results for April 1– September 30, 2005
11/15/051) Consolidated Operating Results

April – Sept. 2005
April – Sept. 2004
(Reference)
Fiscal year ended Mar.31, 2005

Net Sales¥ Millions
199,700
183,088369,761(Note: Amounts have been rounded off to the nearest million yen.)
Operating Income
Current Profit%¥ Millions%¥ Millions
%
9.1
3,375
7.4
3,980
△24.1
17.4
3,143
71.9
5,244
61.1
-

5,745

Net Income-

9,170-

Fully Diluted EPS(quarterly)

EPS (Quarterly)¥ Millions%¥¥
April – Sept. 2005
3,291
54.45
52.84
△2.9
April – Sept. 2004
3,388
110.8
60.09
56.02
(Reference)
5,968
104.34
96.68
Fiscal year ended Mar.31, 2005
(Notes:Figures Shown in percentage of sales, operating income, and other items show the ratios of sequential changes areyear-on-year comparisons.
2) Consolidated Financial Position¥ Millions
205,048
206,741¥ Millions
49,64855,302

Shareholder’s Equity
Ratio%
24.2
26.8

210,478

59,581

28.3

Total Assets
April – Sept. 2005
April – Sept. 2004
(Reference)
Fiscal year ended March 31, 2005

Shareholder’s EquityShareholder’s Equity
Per Share¥
793.63973.291,012.713) Consolidated Cash Flows

April – Sept. 2005
April – Sept. 2004
(Reference)
Fiscal year ended March 31,2005

Net Cash fromOperating Activities¥ Millions△12,816△175

Net Cash Used forInvestment Activities¥ Millions
18,042△3,734

Net Cash Used for
Financial Activities¥ Millions△4,6272,277

Balance of Cash and Cash
Equivalents at Term End¥ Millions
5,729
3,967

△1,675△7,2278,312

5,0144) Consolidated Forecasts for Fiscal 2005 (April 1, 2005 – March 31, 2006)
Net Sales¥ Millions
Whole Year400,000(Reference) Expected EPS (Whole Year) ¥91.11

Current Profit¥ Millions
7,400

Net Income¥ Millions
5,700* 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

Indicators were favorable in Japan's economy during the interim, with corporate earnings improving, capital
investment expanding, and personal consumption increasing. The economy expanded in Asia and the USA as well,while the European economy also showed signs of a mild recovery. The economic environment for Inabata was thus
generally a favorable one.
Under these conditions, as a result of aggressively developing business in Japan and abroad centered on the priority
sectors of IT and electronics, housing materials, chemicals, plastics, and foods, sales during the term reached ¥199.7billion, a 9.1-percent increase from the same term one year ago. Due to favorable overseas business, operating profit
increased to ¥3.375 billion, 7.4 percent above the same term last year. Current profit, however, fell to ¥3.98 billion,
down 24.1 percent from the same term a year ago, due to the effects of factors such as the removal of Sumitomo
Pharmaceuticals Co. (now Dainippon Sumitomo Pharma Co.) from its former status as an affiliated company
accounted for by the equity-method. Although gains from sales of shares of Sumitomo Pharmaceuticals and Troon
Investments Ltd. contributed, interim net profits declined to ¥3.291 billion, down 2.9 percent from the same term
last year, due to an increased allowance for bad debt.

6)（100 millions of yen ）Sales by segment

Net sales％ gain/loss

IT&electronics

607

13.6

Housing Materials

127

△1.7

Chemicals

358

3.2

Plastics

736

12.2

Food

121

△5.4

Misc.

45

33.3

Total

1,997

9.1