(REVISED)Summary of Consolidated Business Results for April 1, 2007 – March 31, 200805/12/081) Consolidated Operating Results
Note: The yen amounts are rounded down to the nearest million.
Operating Income
Current Profit
Net Income

Net SalesYear ended March 31, 2008

¥ Millions
500,019%
7.3¥ Millions
7,659%
0.7¥ Millions
7,795%
6.4¥ Millions
2,922%
36.1

Year ended March 31, 2007

466,096

10.1

7,605

20.0

7,325

3.3

4,570

1.5

EPS

Fully Diluted EPS

Ratio ofNet Income toNet worth
EquityRatio ofCurrent Profit
to Total AssetsOperatingIncome Ratio

¥
44.98

¥

Year ended March 31, 2008

%
3.7%
2.7%
1.5

Year ended March 31, 2007

72.76

72.19

5.7

2.6

1.6

Note: The percentage figures of net sales, operating income, current profit and net income are changes from the same period of theprevious fiscal year.

2) Consolidated Financial Position
Total Assets

Net Assets

Net worth Equity perShare

Net worth EquityRatio¥ Millions¥ Millions%¥

As of March 31, 2008

284,637

78,16327.1

1,184.90

As of March 31, 2007

287,808

83,89128.7

1,276.44

3) Consolidated Cash Flows
Net Cash fromOperating Activities

Net Cash from
Investment Activities

Net Cash from
Financial Activities

Balance of Cash and Cash
Equivalents at Term End

Year ended March 31, 2008

¥ Millions
4,257¥ Millions
1,359¥ Millions
5,907¥ Millions
6,671

Year ended March 31, 2007

1,150

3,132

4,377

6,3114) Dividend Status(Record Date)

Year ended
March 31, 2007
Year ended
March 31, 2008
Forecast: Yearending March 31, 2009

Endof 1stQuarter¥

Dividends Per ShareEndEndEndof 1stof 3rdof year
HalfQuarter¥¥¥

Fullyear¥

TotalDividends(Full-year)

Payout Ratio(Consolidated)

Dividends on
Equity(Consolidated)¥ Millions%%

0.00

6.00

0.00

6.00

12.00

764

16.5

0.9

0.00

5.00

0.00

5.00

10.00

650

22.2

0.8

0.00

6.00

0.00

6.00

12.00

23.0

5) Consolidated Forecasts for Fiscal 2008 (April 1, 2008 – March 31, 2009)
Net Sales
Operating Income¥ Millions%¥ Millions%
April 2008 – September 2008
3.2
2.7
4,100
250,000

Current Profit¥ Millions
%
3,800

12.3

Net Income¥ Millions%EPS¥

1,700

24.6

26.12Year
0.0
8,200
7.1
7,800
0.1
3,40016.4
52.24
500,000
ending March 31, 2009
Note: The percentage figures of net sales, operating income, current profit and net income are changes from the same period of theprevious fiscal year.
* The above projections were prepared based on the information available to Inabata & Co., Ltd. as of the date of release of this document. Actual results
could differ materially from those projected due to various factors.

6) Business Results

During the year ended March 31, 2008, the Japanese economy continued to grow gradually, with improved corporate
earnings and increased capital investment, though there were concerns over soaring crude oil prices and the impact ofexchange rate fluctuations on exporting companies in the second half in particular. The Asian economy was also on asolid footing. In Europe and the United States, meanwhile, turmoil in financial and capital markets caused by theextensive spread of the subprime loan problem added to uncertainties in some parts.
Against this backdrop, the Inabata group aggressively developed its business on a global scale, and reported
consolidated net sales of ¥500,019 million, a year-on-year growth of 7.3%, driven by strong performance by the IT &electronics business centered on LCD-related products and the plastics business, boosted by resins for AV/OAapplications. Compared with fiscal 2006, operating income increased 0.7% to ¥7,659 million, and current profit
increased 6.4% to ¥7,795 million. Net income, however, decreased 36.1% to ¥2,922 million reflecting provisions
booked by Inabata & Co., Ltd. and its subsidiaries in connection with certain sales transactions.
On a non-consolidated basis, net sales increased by 5.6% compared with fiscal 2006 to ¥327,071 million, operating
income dropped by 7.2% to ¥3,437 million with an increase in provision for allowance for doubtful accounts, current
profit rose by 18.1% to ¥4,884 million due to an increase in dividend income, and the resultant net income increasedby 105.6% to ¥1,673 million.

7) Business Segment

Segment

Net sales%

Operating income%(¥ Millions)gain/loss(¥ Millions)gain/loss

IT & Electronics

186,866

14.5

3,282

0.6

Housing Materials

23,886

4.7

140

74.3

Chemicals

75,014

3.4

947

43.8

Plastics

186,105

8.3

3,182

9.5Food

24,390

14.7

283



Others

3,756

22.2

389

18.8

Total

500,019

7.3

7,659

0.7

 Note: Figures shown in percentage show the ratios of sequential changes compared with the fiscal year ended March 31, 2007.

-----------------------------------------------Reference:(June 2, 2008)
Notice Concerning Partial Revision of “Summary of Consolidated Business Results for April 1, 2007 - December 31, 2007” and“Summary of Consolidated Business Results for April 1, 2007 - March 31, 2008”
Inabata & Co., Ltd. (hereinafter The “Company”) has revised its “Summary of Consolidated Business Results for April 1, 2007 December 31, 2007” and “Summary of Consolidated Business Results for April 1, 2007 - March 31, 2008” announced by the Company
on February 7, 2008 and May 12, 2008, respectively, due to an error regarding business segment classification in its subsidiaries in theUnited States.

This document is an English translation of the Japanese original.
Although Inabata intended to faithfully translate the Japanese document into English, please bewarned that Inabata cannot guarantee the accuracy, safety or reliability of this translation.