Summary of Consolidated Business Results for April 1, 2010 – March 31, 201105/11/2011
Note: The yen amounts are rounded down to the nearest million.
1) Consolidated Operating Results
Net Sales

Operating Income

Current Profit

Net IncomeYear ended March 31, 2011

¥ Millions
469,090%
14.2¥ Millions
7,900%
43.4¥ Millions
8,481%
73.5¥ Millions
7,232%
310.5

Year ended March 31, 2010

410,782

－7.2

5,510

54.1

4,889

27.9

1,762－18.5

EPS

Ratio ofNet Income toNet WorthEquity

Ratio ofCurrent Profitto Total Assets

OperatingIncome Ratio―%
10.4%3.6%
1.7

―2.7

2.2

1.3

Fully Diluted EPS

Year ended March 31, 2011¥111.34

Year ended March 31, 2010

27.08

¥Note: The percentage figures of net sales, operating income, current profit and net income are changes from the same period of the previous
fiscal year.
2) Consolidated Financial Position
Total Assets

Net Assets

Net Worth Equity perShare

Net Worth EquityRatio¥ Millions¥ Millions%¥As of March 31, 2011

238,272

72,04029.9

1,099.77

As of March 31, 2010

229,964

68,46329.5

1,042.19

3) Consolidated Cash FlowsNet 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, 2011

¥ Millions
8,495¥ Millions－1,436¥ Millions
3,980¥ Millions
15,777

Year ended March 31, 2010

5,976

－5,529－6,4055,0144) Dividend Status(Record Date)

Endof 1st
Quarter¥Dividends Per ShareEndEnd
Endof 2ndof 3rdof year
Quarter
Quarter¥¥¥

Fullyear

Total
Dividends(Full-year)

Payout Ratio(Consolidated)

Dividends on
Equity(Consolidated)¥¥ Millions%%
Year ended
5.005.00
10.00
650
36.9
1.0
―
―March 31, 2010
Year ended
7.00
19.00
26.00
1,692
23.4
2.4
――March 31, 2011
Forecast: Year
9.00
9.00
18.00
24.3
―
―ending March 31, 2012
Note: The year-end dividend for the fiscal year ended March 31, 2011 includes the “120th anniversary commemorative dividend” of 2 yen.
5) Consolidated Forecasts for Fiscal 2011 (April 1, 2011 – March 31, 2012)
Net Sales
Operating Income¥ Millions%¥ Millions%
April 2011 – September 2011
230,000
3,000 －35.1－0.7

Current Profit¥ Millions%
3,000－38.4

Net Income¥ Millions
2,000%

EPS¥

－49.3

30.83

Year
490,000
4.5
8,000
1.3
8,000
4,800 －33.6
74.00
－5.7
ending March 31, 2012
Note: The percentage figures of net sales, operating income, current profit and net income are changes from the same period of the previousfiscal 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 fiscal year ended March 31, 2011, the Japanese economy showed signs of a moderate recovery as corporate
earnings began to improve and private-sector capital investment demonstrated an upward trend. Exports to Asia were also
on a growth path, being driven mainly by strong domestic demand in China.
Against this backdrop, the Inabata Group’s businesses experienced earnings recovery, primarily within its mainstay IT &electronics business and plastics business, with the result that net sales on a consolidated basis increased by 14.2%
compared with the fiscal year ended March 2010 to reach ¥469.09 billion. On the profit front, operating income increasedby 43.4% to ¥7,900 million, current profit increased by 73.5% to ¥8,481 million, and net income increased by 310.5% to¥7,232 million.
In the aftermath of the Great East Japan Earthquake that occurred on March 11, 2011, some of the product lines that we deal
with incurred damage to the extent of ¥30 million, which has been reported under non-operating expenses as the effect on
our financial results is minor. Also, two of our manufacturing subsidiaries had a portion of their plant buildings andequipment damaged, but the impact of this on our results was limited.

7) Business Segment

Segment

Net sales%

Operating income(¥ Millions)

IT & Electronics

gain/loss
197,436
11.7%

Housing & Eco Materials

19,873

13.2%

－33

―

Chemicals

67,472

15.9%

1,578

148.7%

Plastics

167,338

19.2%

3,141

40.9%

Food

16,048

－1.2%

116

―

Others921－43.3%

216－11.2%

469,090

14.2%

7,900

43.4%

(¥ Millions)

Total%

gain/loss
2,880
18.3%

Note 1: Figures shown in percentage show the ratios of sequential changes compared with the fiscal year ended March 31, 2010.
Note 2: The percentage figures of operating income for the housing materials segment and the food segment are left blank,since the segments experienced operating loss for the year ended March 31, 2010 or 2011.

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.