November 8, 2018
Company name
Representative

Nitta Gelatin Inc.

Koichi Ogata,
Representative Director and President(Stock code: 4977; First Section of Tokyo Stock Exchange)
Contact
Norifumi Nagaoka,
Director and Executive Officer
General Manager of General Management Division
Phone Number+81-72-949-5381

Notice Concerning Recording of Non-Operating Income, Difference between
Consolidated Business Forecasts and Actual Results for the Six Months Ended
September 30, 2018, and Revision of Consolidated Business Forecasts for theFiscal Year Ending March 31, 2019
Nitta Gelatin Inc. hereby announces that it has recorded non-operating income (foreign exchangegain) for the six months ended September 30, 2018 (from April 1, 2018 to September 30, 2018). At
the same time, Nitta Gelatin also announces a difference arising between its consolidated business
forecasts announced on May 17, 2018 and actual results for the six months ended September 30, 2018.
Details are as follows.
In light of factors such as actual results for the six months ended September 30, 2018, Nitta
Gelatin also announces the revision of consolidated business forecasts for the fiscal year ending
March 31, 2019, with details as follows.

1. Detail of non-operating income (foreign exchange gains)
The Company recorded foreign exchange gains of ¥149 million as non-operating income for the six
months ended September 30, 2018 (from April 1, 2018 to September 30, 2018).
The gains were 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 endof September 2018.
The abovementioned item is a foreign exchange gain as of the end of September 2018, and could
vary depending on foreign exchange market conditions going forward.

2. Difference between consolidated business forecasts and actual results for the six
months ended September 30, 2018 (April 1, 2018 to September 30, 2018)
Net sales

OperatingincomeOrdinary
incomeNet income
attributable to ownersof the parent

Net income
per share

Millions of yen

Millions of yen

Millions of yen

Millions of yen

Previous forecasts (A)19,000600

50060032.66

Results (B)18,010

428

594

1,253

68.21

Difference (B-A)

(989)

(171)

94653

% change(5.2)(28.5)

18.9

108.9

18,623530

605

344(Reference) Results for the six-monthYen

18.74

period of the previous fiscal year (sixmonths ended September 30, 2017)

Reasons for the difference
Net sales and operating income fell below the previous forecasts mainly as a result of lackluster salesof gelatin for confectionary and food preparation and collagen peptide for beauty applications.
Meanwhile, ordinary income surpassed the previous forecast due to the recording of foreign exchange
gains, as detailed in “1. Detail of non-operating income (foreign exchange gains)” above.
Moreover, net income attributable to owners of the parent surpassed the previous forecast due tothe recording of extraordinary gains (transfer gain on business divestiture and gain on change inequity).

3. Revision of consolidated business forecasts for the fiscal year ending March 31, 2019
(April 1, 2018 to March 31, 2019)
Net income
attributable to ownersof the parent

Net sales

OperatingincomeOrdinary
incomeMillions of yen

Millions of yen

Millions of yen

Millions of yen

Previous forecasts (A)38,200

1,300

1,100

900

48.98

Results (B)37,100

1,200

1,000

1,400

76.20

Difference (B-A)(1,100)

(100)

(100)

500

(2.9)

(7.7)

(9.1)

55.6

37,777

1,095

1,009

(615)

% change(Reference)
Results for the previous fiscal year
(fiscal year ended March 31, 2018)

Net income
per shareYen(33.50)

Reasons for revision
The Company expects its net sales, operating income and ordinary income for the fiscal year ending
March 31, 2019 to fall below the initial forecasts in consideration of factors including its performancein the first six months of the fiscal year ending March 31, 2019 and the management environment
going forward.
On the other hand, the Company expects its net income attributable to owners of the parent forthe fiscal year ending March 31, 2019 to rise above the initial forecast due to recording ofextraordinary gains (transfer gain on business divestiture and gain on change in equity) in the first six
months of the fiscal year ending March 31, 2019.
* The business forecasts in this press release were formulated based on information available as of theannouncement of this press release. Various factors going forward may cause actual results to differ fromthe forecasts.