Summary of Consolidated Business Results for April 1, 2008 – June 30, 2008
August 7, 2008
1) Consolidated Operating Results
Note: Amounts have been rounded off to the nearest million yen.
Operating Income
Current ProfitNet Sales¥ Millions%¥ Millions%¥ Millions%

April – June 2008 (1Q ’08)

123,488

―

1,796

―

2,410

―

April‐June 2007 (1Q ’07)

117,050

4.4

2,329

11.8

2,646

16.0

Net Income

EPS

Fully Diluted EPS¥ Millions%¥¥

April – June 2008 (1Q ’08)

1,184―

18.19―

April‐June 2007 (1Q ’07)

1,369‐29.1

21.13

21.04

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 worth EquityRatio

Net Assets

Net worth Equity Per
Share¥ Millions¥ Millions%¥

As of June 30, 2008

272,477

75,70327.4

1,147.95

As of March 31, 2008

284,637

78,16327.1

1,184.90

3) Dividend Status
Dividends Per Share
(Record Date)

End of 1st Quarter¥

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

End of 1st Half¥

End of 3rd Quarter¥End of year

Full year¥

¥―

5.00

―

5.00

10.00

―――

――

―

6.00

―

6.00

12.00

Net IncomeEPS4) Consolidated Forecasts for Fiscal 2008 (April 1, 2008 – March 31, 2009)
Net Sales

April – September 2008
Year ending March 31, 2009

Operating Income

Current Profit¥ Millions
250,000%―¥ Millions
3,700%―¥ Millions
3,600%―¥ Millions
1,700%―¥
26.12

500,000

0.0

8,200

7.1

7,800

0.1

3,400

16.4

52.24

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

-----------------------------------------*Please note that the above forecasts were prepared on the basis of information available on the date of release of this document.
Actual results may differ from these forecasts due to various factors.
*The percentage figures for April – June 2008 are left blank, as the new accounting standards have been applied from the fiscal year
ending March 31, 2009.

5) Business Results

During the first three months of the year ending March 31, 2009, the Japanese economy showed signs of slowing
capital investment and a decline in corporate earnings as the prices of crude oil and other resources continued tosurge. The global economy faced growing uncertainties regarding its future, due to waning growth in the US andelsewhere, stemming from the subprime mortgage crisis, globally weak stock prices, and concerns over a further risein prices.
Against this backdrop, the Inabata Group recorded net sales of ¥123,488 million. This increase derived from steadybusiness growth in the IT & Electronics, Chemicals, and Plastics segments, which more than offset a decrease in theHousing Materials and other segments. We posted gross profit of ¥7,528 million and operating income of ¥1,796
million, while current profit came to ¥2,410 million, primarily due to an increase in dividend income and recordingof currency gains. For extraordinary items, we continued to sell our investment securities with a view to improving
our financial structure. At the same time we recorded provisions for allowance for doubtful accounts for somecustomers.
As a result, we recorded a net income of ¥1,184 million.

6) Business Segment(Millions of yen)Segment

Net sales%

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

IT & Electronics

47,485―806―

Housing Materials

5,161―‐7―

Chemicals

19,458―

253―

Plastics

44,431

―

718

―

Food

6,064―‐25―

Others886―

51―

123,488

―

1,796

―

Total

Note: The percentage figures are left blank, as the new accounting standards have been applied from the fiscal year ending March
31, 2009.

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.