Translation
Notice:This document is an excerpt translation of the original Japanese document and is only for reference purposes. In the event of any
discrepancy between this translated document and the original Japanese document, the latter shall prevail.

Summary of Consolidated Financial Results
for the Nine Months Ended December 31, 2013
(Based on Japanese GAAP)
February 7, 2014
Company nameInabata & Co., Ltd.
Stock exchange listing Tokyo
Stock Code
Representative

8098
URL URL http://www.inabata.co.jp
Director, President
Katsutaro Inabata

Inquiries
Director, Executive Officer
Scheduled date to file Quarterly Securities Report

Kenichi Yokota
February 13, 2014

Scheduled date to commence dividend payments
Preparation of supplementary material on quarterly earnings

noHolding of quarterly earnings performance review

noTEL

03-3639-6421-(Amounts less than one million yen are rounded down)
1. Consolidated financial results for the nine months ended December 31, 2013 (from April 1, 2013 to December 31, 2013)(1) Consolidated operating results (cumulative)

Percentages indicate year-on-year changes
Net sales

Nine months ended December 31, 2013
Nine months ended December 31, 2012

Millions of yen
435,350
356,828

Operating income% Millions of yen
22.0
8,523
4.1
5,769

Net income per share% Millions of yen
47.7
10,216(4.2)
6,867

Net income% Millions of yen
48.8
7,211
(1.8)
5,283

%
36.5
(3.1)

Diluted net income per share

Yen
113.9882.99

Nine months ended December 31, 2013
Nine months ended December 31, 2012

Ordinary income

Yen-(2) Consolidated financial position
Total assets

Net assets

Millions of yen
318,191
276,932

As of December 31, 2013
As of March 31, 2013

Equity ratio

Millions of yen
111,530
98,712

%
34.8
35.4

2. Cash dividends
Annual dividends

Year ended March 31, 2013
Year ending March 31, 2014

1st quarter-end

2nd quarter-end

3rd quarter-end

Fiscal year-end

Yen-

Yen
10.00
11.00

Yen-Yen
13.00

Yen
23.00

19.00

30.00

Year ending March 31, 2014 (Forecast)Total

3. Forecast for the year ending March 31, 2014 (from April 1, 2013 to March 31, 2014)
Net sales
Full year

Millions of yen
550,000

Percentages indicate year-on-year changes
Net income
Operating income
Ordinary income
Net income
per share% Millions of yen% Millions of yen% Millions of yen%
Yen
9.8
10,50028.7
11,500
14.6
8,500
21.7
134.341

4. Notes(1) Changes in significant subsidiaries during the nine months ended December 31, 2013(changes in specified subsidiaries resulting in the change in scope of consolidation):

yes(2) Application of special accounting for preparing quarterly consolidated financial statements:

no(3) Changes in accounting policies, changes in accounting estimates, and restatement of prior period financial statements after error corrections
Changes in accounting policies due to revisions to accounting standards and other regulations:
Changes in accounting policies due to other reasons:noyes

Changes in accounting estimates:
Restatement of prior period financial statements after error corrections:yesno(4) Number of issued shares
Total number of issued shares at the end of the period (including treasury stock)
As of December 31, 2013

65,159,227 shares As of March 31, 2013

65,159,227 shares

Number of shares of treasury stock at the end of the period
As of December 31, 2013

1,887,725 shares As of March 31, 2013

1,887,522 shares

Average number of shares during the period (cumulative from the beginning of the fiscal year)
Nine months ended December 31, 2013

63,271,616 shares Nine months ended December 31, 2012

263,668,529 shares

Quarterly consolidated financial statements
Consolidated balance sheets(Millions of yen)
As of March 31, 2013

As of December 31, 2013

AssetsCurrent assets
Cash and deposits

19,25824,807

137,571
31,418160,032
37,915Work in process
Raw materials and supplies

705
2,616

645
3,460

OtherAllowance for doubtful accounts

6,405(671)7,226(1,014)

197,303233,073

Property, plant and equipment

9,690

12,409Intangible assets
Investments and other assets

4,220

3,833

Investment securities
Other

60,278
6,477

63,105
6,998

Notes and accounts receivable-trade
Merchandise and finished goods

Total current assets
Noncurrent assets

Allowance for doubtful accounts(1,036)(1,228)

Total investments and other assets

65,71868,874

Total noncurrent assets
Total assets

3

79,62985,117

276,932

318,191(Millions of yen)
As of March 31, 2013

As of December 31, 2013

Liabilities
Current liabilities
Notes and accounts payable-trade
Short-term loans payable
Income taxes payable
Provision for bonuses
Provision for loss on business liquidation
Other

85,78997,69657,341
1,429

69,194
1,323

908
252

624
11

4,688

6,106

150,410

174,957

10,730638

13,354
785

22
34

25
43

Provision for loss on guarantees
Other

18
16,36418
17,473

Total noncurrent liabilities

27,80831,702

178,219

206,660

Total current liabilities
Noncurrent liabilities
Long-term loans payable
Provision for retirement benefits
Provision for directors' retirement benefitsProvision for loss on business liquidation

Total liabilities
Net assets
Shareholders' equity
Capital stock

9,364

9,364

Capital surplus
Retained earnings

7,708
56,4897,708
63,063

Treasury stock

(934)

(934)

72,627

79,201

Valuation difference on available-for-sale securities
Deferred gains or losses on hedges

28,69230

29,650(105)

Foreign currency translation adjustment(3,424)

1,887

Total accumulated other comprehensive income

25,29731,432787

896

98,712

111,530

276,932

318,191

Total shareholders' equity
Accumulated other comprehensive income

Minority interests
Total net assets
Total liabilities and net assets

4Consolidated statements of income (cumulative) and consolidated statements of comprehensive income(cumulative)
Consolidated statements of income (cumulative)(Millions of yen)
Nine months ended
December 31, 2012

Nine months ended
December 31, 2013

Net sales

356,828

435,350

Cost of sales

332,262405,779

Gross profit

24,56529,571

Selling, general and administrative expenses

18,796

21,048Operating income

5,769

8,523

Interest income

184237

Dividends income
Foreign exchange gains

7781825443

Equity in earnings of affiliates
Miscellaneous income

529
490

398
704

Total non-operating income

1,984

2,609

729
156

721
194

Non-operating income

Non-operating expenses
Interest expenses
Miscellaneous loss
Total non-operating expenses

886

916

6,867

10,216

126

218

-

132-

109

Gain on sale of goodwill
Gain on sales of investment securities

298
239

-

Total extraordinary income

664

460

Ordinary income
Extraordinary income
Gain on sales of noncurrent assets
Gain on reversal of loss on valuation of stocks of subsidiaries
and affiliatesInsurance income

Extraordinary loss
Loss on valuation of investment securities

217-

Total extraordinary losses

217-

Income before income taxes and minority interests

7,315

10,676

Income taxes-current

1,452

2,748

Income taxes-deferred

471

542

Total income taxes

1,923

3,290

Income before minority interests

5,391

7,385

Minority interests in income
Net income

5107

173

5,283

7,211

Consolidated statements of comprehensive income (cumulative)(Millions of yen)
Nine months ended
December 31, 2012

Nine months ended
December 31, 2013

Income before minority interests5,391

7,385

Other comprehensive income
Valuation difference on available-for-sale securities

2,067

879

Deferred gains or losses on hedges
Foreign currency translation adjustment

(36)
307

(130)
2,933

Share of other comprehensive income of associates accounted
for using equity method

40

251

2,380

3,932

7,771

11,318

7,702
68

11,108209

Total other comprehensive income
Comprehensive income
Comprehensive income attributable toComprehensive income attributable to owners of the parent
Comprehensive income attributable to minority interests6