IR Briefing for the Fiscal Year Ended
March 31, 2024 (FY03/24)(Overview)
June 3, 2024

Inabata & Co., Ltd.
Kenichi Yokota

Director and Senior Managing Executive Officer

FY03/24
Overview of Consolidated Operating Performance■Net sales and Op. profit reached record highs.
Net sales:¥766.0 billion+4.1% YoY

Operating profit:¥21.1 billion+4.3% YoY

¥21.3 billion+11.9% YoY

Net sales rose thanks to contributions from newly consolidated subsidiaries(through M&A), a weak yen, and other factors.

Operating profit expanded due to growth in net sales and an increase in ourgross profit margin.

Ordinary profit:

Despite a decrease in dividend income, ordinary profit grew thanks to theexpansion in an improvement in equity-method income.

20.0

Profit attributable to¥billion+2.7% YoY
ownersof parent:
親会社株主に帰属する当期純利益
Profitattributable to owners of parent rose, overcoming a decrease in gains on salesof investment securities through gains on negative goodwill recorded in association
with newly consolidated subsidiaries.

2Copyright © INABATA＆CO., LTD 2024

FY03/24
Overview of Consolidated Operating Performance(Billions of yen)
YoY change
FY03/24
Forecast(B)

Achievementrate（A)/(B)

FY03/23

FY03/24（A)

Net sales

735.6

766.0

+30.4+4.1%

800.0

95.8%

Operating profit

20.3

21.1

+0.8+4.3%

21.0

100.9%

Ordinary profit

19.1

21.3+2.2 +11.9%

20.0

107.0%

19.4

20.0+0.5

21.0

95.2%

135.50 144.59+9.09

Profit attributableto owners ofparent
Exchange rate
(USD/JPY)

Amount%+2.7%

140.003Copyright © INABATA＆CO., LTD 2024

Operating Performance(Net sales:billions of yen)

1,000

40,000Ordinary profit
Profit attributable toowners of parent
Net sles

680.9
577.5
500

(Profits:millions of yen)

Operating profit

20,052
16,514
14,97321,648 22,351

735.6

20,314

19,110 19,478

766.0

830.0
30,00021,393
21,19020,00022,50021,50017,00020,00013,792

10,0000FY3/21

FY3/22

FY3/23

FY3/24

FY03/21

FY03/22

FY03/23

FY03/24

FY03/25

106.10112.39135.50144.59145.00(Reference)
Exchangerate(USD/JPY)

FY3/250(Forecast)

Notes: Gain on sales investment securities were ¥ 2.98 billion in FY03/21, ¥8.97 billion in FY03/22, ¥8.66 billion in FY03/23 and , ¥3.76 billion FY03/24.
Gain on negative goodwill ¥3.4 billion in FY03/24
4Inabata has adopted Accounting Standard for Revenue Recognition (ASBJ Statement No. 29) effective from FY03/22.
Copyright © INABATA＆CO., LTD 2024

Balance Sheet Cash and deposits, notes and accounts receivable–trade, and note and accounts
payable–trade increased due to newly consolidated subsidiaries and a weak yen.
 Shareholder's equity increases as a result of a rise in retained earnings.
(Billions of yen)
Assets

End-FY03/23

End-FY03/24

ChangeCash and deposits

36.3

51.3 +14.9

Notes receivable - tradeand Electronicallyrecorded monetary claims

23.2

31.1

153.6
88.8
13.2
16.6
2.4
32.8
13.2
380.4

Accounts receivabletrade
Inventories

Other current assets
Property, plant andequipmment
Intangible assets
Investment securities
Other fixed assets
Total assets
Current ratio

Liabilities and net
assets
Notes and accounts
payable - trade

End-FY03/23

End-FY03/24

Change105.7

127.7 +21.9+7.9 payable

49.4

42.9

175.2 +21.6 Other current liabilities
85.0 -3.8 Bonds payable
Long-term loans
11.1 -2.0 payable
Other non-current
18.6 +2.0 liabilities
3.8 +1.4 Shareholders' equity
Accumulated other34.8 +2.0 comprehensive income
Non-controlling15.9 +2.7 interests
Total liabilities and net
427.3 +46.8 assets

18.3
7.5
7.7
10.1
148.5
30.9
2.0
380.4

18.5 +0.2
7.5
12.3 +4.5
11.4 +1.3
160.3 +11.7
39.8 +8.9
6.5 +4.5
427.3 +46.8

47.2%

46.8%

181.7% 187.1%

Short-term loans

Equity ratio

Notes receivable - trade and electronically recorded monetary claims:
FY23/3: Notes receivable - trade: ¥6.6 billion; Electronically recorded monetary claims: ¥16.5 billion
FY24/3: Notes receivable - trade: ¥7.7 billion; Electronically recorded monetary claims: ¥23.4 billion-6.5

5Copyright © INABATA＆CO., LTD 2024

Equity Capital, Net Interest-Bearing Debt,
Net Debt/Equity Ratio
Equity capital

Net interest-bearing debt

Net debt/equity ratio(Billions of yen)(Times)2000.80

1500.60100

145.9
5000.16
23.4

179.4

174.9

173.8

0.17
0.06

200.1

29.10.16
28.4

9.7
End-FY03/20

End-FY03/21

End-FY03/22

End-FY03/23

0.40

0.20

0.06
11.5
End-FY03/24

0.00

Notes: Equity capital = Net assets – stock acquisition rights – non-controlling interests
6Net debt/equity ratio = (Short-term loans payable + Long-term loans payable + Bonds payable – cash and deposits) / equity capital
Copyright © INABATA＆CO., LTD 2024

Sales by Business Segment
 Net sales grew in Chemicals and Life Industry, owing in part to contributions
from newly consolidated subsidiaries.

Sales(Billions of yen)

YoY
FY03/23 FY03/24
changeInformation &Electronics
ChemicalsLife Industry
Plastics

238.0
89.8
43.6
363.9

239.1

+0.5%

112.6 +25.4%
53.5 +22.8%
360.4-1.0%

Other

0.1

0.1+2.1%

Total

735.6

766.0+4.1%*Contributions from newly consolidated subsidiaries in FY03/24 (simple sum):
Chemicals: +¥29.1 billion, Plastics: +¥13.2 billion, Life Industry: +¥9.2 billion

Plastics
47.1%

Information &Electronics
31.2%

Lifeindustry
7.0%

Chemicals
14.7%

7Copyright © INABATA＆CO., LTD 2024

(Reference) FY03/24
Net Sales Breakdown by Segment and Region(Billions of yen)

Information&Electronics

ChemicalsLife Industry

Japan

81.1

86.5

40.6

135.5

-

343.9

Southeast
Asia
Northeast
Asia

19.4

13.5

0.2

147.7

-

181.0

110.2

5.1

2.1

57.8

-

175.3

Americas

15.1

5.1

8.2

17.0

-

45.6

Europe

13.1

2.2

2.3

2.2

-

19.8

239.1

112.6

53.5

360.4

-

765.8

Other revenue

---

-

0.1

0.1

Sales toexternalcustomers

239.1

112.6

53.5

360.4

0.1

766.0

Revenue arisingfrom contracts
with customers

Plastics

OtherTotal* Revenue arising from contracts with customers are recorded based on the location of corresponding sales offices,8
categorized by country or region.
Copyright © INABATA＆CO., LTD 2024

Operating Profit by Business Segment
 Profit grew in Information & Electronics, as sales of FPD-related products recovered slightly and sales ofenvironment and energy-related products increased.
 Profit fell sharply in Life Industry, as a result of lower sales and diminished profitability of processed marine
products and other products for Japanese food in the US and one-time M&A expenses.
 Profit was down in Plastics, due to inventory adjustments of products for office automation and homeelectronics applications.

Operating profit(Millions of yen)

YoYchangeFY03/23

FY03/24

Information &Electronics

5,269

6,904

+31.0%

Chemicals

2,770

2,788

+0.6%

Life Industry

1,936

1,480

-23.6%

Plastics

10,205

9,879

-3.2%

Other

131

137

+4.4%

Total

20,314

21,190

+4.3%

other
0.6%
Information &Electronics
32.6%

Plastics
46.6%

Lifeindustry
7.0%

Chemicals
13.2%

9Copyright © INABATA＆CO., LTD 2024

Sales by Region
 Southeast Asia: Sales were down despite a boost from a weak yen, due tolower sales volume of plastics.

 Japan: Sales grew, due largely to contributions from newly consolidated subsidiaries.

Sales(Billions of yen)
FY03/23

FY03/24

YoYchange

Southeast Asia

195.9

181.0-7.6%

Northeast Asia

181.0

175.3

-3.1%

Americas

41.7

45.6

+9.2%

Europe19.9

19.8-0.4%

Japan

296.9

344.0 +15.9%

Total

735.6

766.0 +4.1%(Overseas ratio)(59.6%) (55.1%) (-4.6%)

Japan
44.9%

Europe2.6%

SoutheastAsia
23.6%
NortheastAsia
22.9%

Americas6.0%

Note: Sales in the Japan segment include exports (¥49.9 billion in FY03/24).
10
Including this amount, the percentage of overseas sales was 64.3% in FY03/23 and 59.9% in FY03/24.
Copyright © INABATA＆CO., LTD 2024

Operating Profit by RegionSoutheast Asia: Profit declined due in part to lower sales volume of plastics for office automation and home appliances
applications.
Northeast Asia: Profit rose thanks to higher sales of FPD materials for automotive applications and OLED-related products, etc.
Americas: Profit dropped due to lower profitability of processed marine products and other products for Japanese food, which
performed strong a year ago.
Japan: Profit grew, owing to contributions from newly consolidated subsidiaries and cost pass-throughs for plastic bags at groupcompanies.

Operating profit
FY03/23
Southeast Asia
Northeast Asia
Americas
EuropeJapan
Subtotal
Elimination or
corporate
Total(Overseas ratio)(Millions of yen)

FY03/24 YoY change

8,017
3,164
1,276
848
6,668
19,975

6,929
3,627
781
786
8,582
20,707338

483

20,314(66.6%)

21,190(58.6%)-13.6%+14.6%-38.8%-7.2%+28.7%+3.7%+4.3%(-8.1%)SoutheastAsia
33.5%

Japan
41.4%

Northeast Asia17.5%Europe
3.8% Americas
3.8%
11Copyright © INABATA＆CO., LTD 2024

Sales and Operating Profit in the Manufacturing Sector
 Profit fell slightly despite positive contribution from newly consolidated
subsidiaries, owing to weak sales in the plastics compound businessin Southeast Asia.
Sales(Billions of yen)

(Millions of yen)100

Operating profit

3,00078.6

77.5

2,289

2,268

FY03/23

FY03/242,000
501,00000

FY03/23

FY03/24

Note: Results for FY03/23 have been converted at the exchange rate for FY03/24 (USD1=JPY144.59).

12Copyright © INABATA＆CO., LTD 2024

Net Sales by Business Segment (Full Year)(Billions of yen)

1,000.0

800.0

680.9Other
316.2

200.00.0363.90.2

Other

0.1

0.1

0.1

600.0

400.0

735.6Other

766.0

830.0 Other

360.4

388.0

Other
Plastics
Life Industry

61.0
124.8

38.2
78.6

43.6
89.8

53.5
112.6

247.7

238.0

239.1

256.0

FY03/22

FY03/23

FY03/24

FY03/25(Forecast)Chemicals
Information &Electronics

13

Copyright © INABATA＆CO., LTD 2024

Operating Profit by Business Segment (Full Year)(Billions of yen)

25.0

20.0

15.0

10.0

20.0

Other8.672.61

0.0

6.42
FY03/22

0.13

10.20
1.93
2.77
5.26
FY03/23

9.87

Other

0.10

0.13

Other

0.12

2.20
5.0

21.1 Other

20.3

22.5
10.80

Other
Plastics
Life Industry

1.48
2.78

2.20

Chemicals

2.85

Information &Electronics

6.90

6.55

FY03/24

FY03/25(Forecast)
14

Copyright © INABATA＆CO., LTD 2024

Consolidated Subsidiaries
Companies
Consolidated subsidiaries(Of which, manufactures andprocessing companies )Equity-method affiliates(Of which, manufactures andprocessing companies )Total(Of which, manufactures andprocessing companies )JapanOverseas

Total

113546(6)

(15)

(21)

213(1)(1)(2)

133649(7)

(16)

(23)

* In Q1 FY03/24, Maruishi Chemical Trading, formerly an equity-method affiliate of the Company, was made a consolidated
15subsidiary. The Company also made Maruishi Techno, Daigo Tsusho, and IK Food Partners consolidated subsidiaries.
Copyright © INABATA＆CO., LTD 2024

Principal Consolidated Subsidiaries(Millions of yen)Company

Location

Taiwan Inabata
TaiwanSangyo Co., Ltd.
Inabata Sangyo
Hong Kong(H.K.) Ltd.
Inabata SingaporeSingapore(Pte.) Ltd.
Inabata Thai Co.,Thailand
Ltd.
Shanghai Inabata
Shanghai
Trading Co., Ltd.
PT. Inabata
Indonesia
Indonesia
Inabata Fine TechJapan& Co., Ltd.

FY03/24

FY03/23
Net sales

OperatingOperating
NetNet income Net sales
incomeprofitprofitYoY change
Net sales

Operating
Net income
profit30,455505

316 31,677

657

416

82,153964

1,203 73,042

1,257

1,317 -11.1% 30.5%

75,8471,252

1,722 61,494

921

1,353 -18.9% -26.5% -21.4%

51,976967

724 48,584

867

681

80,901

1,417924 71,542

1,227

1,049 -11.6% -13.4% 13.6%

40,8801,828

1,312 33,041

1,586

1,244 -19.2% -13.2%-5.2%

20,979588

419 20,243

638

441

5.4%

Note: Results for FY03/23 have been converted at the exchange rate for FY03/24 (USD1=JPY144.59).

4.0% 30.0% 31.7%-6.5% -10.4%

-3.5%

8.6%

9.4%

-5.9%

16

Copyright © INABATA＆CO., LTD 2024

(Reference) Equity Capital
Capital stock and capital surplus
Treasury shares
Deferred gains or losses on hedges
Remeasurements of defined benefit plans(Billions of yen)

173.8

Retained earnings
Valuation difference on available-for-sale securities
Foreign currency translation adjustment

174.9

39.3

1.4
26.1

106.1 Deferredgains or116.7 Deferred

130.5

17.1

16.5

16.4

losses onhedges:0.1
Treasuryshares:-4.1

Remeasurementsof defined benefit
plans:-1.0

FY03/20

gains orlosses onhedges:0.1
Treasuryshares:-4.1

Remeasurementsof defined benefit
plans:

0.5

FY03/21

179.4

11.7
22.6

4.5

145.9

200.1
28.5
10.2

17.1
12.8

Deferred
gains orlosses onhedges:0.3
Treasuryshares:
-7.3

134.6

16.0

Remeasurementsof defined benefit
plans:

0.5

FY03/22

144.6
Deferred
gains orlosses onhedges:0.3
Treasuryshares:-2.2

16.5

Remeasurementsof defined benefit
plans:

0.5

FY03/23

Deferred
gains orlosses onhedges:0.5
Treasuryshares:-0.9
Remeasurementsof defined benefit
plans:

0.4

FY03/24
17Copyright © INABATA＆CO., LTD 2024

(Reference) Trends in average foreign exchange rates(Yen)

USD/JPY

CNY/JPY

150.00135.50100.00108.70106.10144.59112.39

50.00

0.00

15.55

15.68

17.51

19.75

20.13

FY03/20

FY03/21

FY03/22

FY03/23FY03/24
18Copyright © INABATA＆CO., LTD 2024

 IR Inquiries

IR Department, Financial Management Office, Inabata & Co., Ltd.
E-mail: inabata-ir@inabata.com

Cautionary note regarding future estimates
The data and future predictions contained in this document are based on information available andjudgments applicable at the time of the document’s release. The data and future forecasts contained
herein may include elements that are subject to change, and this document and its contents are no
guarantee of future performance.
Presentation of numbers
Yen figures presented in these materials have been rounded off below the unit indicated. Consequently,
individual figures may not sum to the total amounts indicated.

19Copyright © INABATA＆CO., LTD 2024