Nippon Piston Ring : Financial Information update

Note: This document has been translated from the Japanese original for reference purposes only. In the event of any discrepancy between this translated document and the Japanese original, the original shall prevail.

Consolidated Financial Results For the Six Months Ended September 30, 2022

(Under Japanese GAAP)

November 11, 2022

Company Name:	Nippon Piston Ring Co., Ltd.
Listing:	Tokyo Stock Exchange
Securities Code:	6461
URL:	https://www.npr.co.jp/
Representative:	Teruo Takahashi, President and Representative Director
Inquiries:	Takeshi Shida, General Manager, Accounting and Finance Department
Telephone:	[phone]

Scheduled date to file quarterly securities report:	November 11, 2022
Scheduled date to commence dividend payments:	December 6, 2022
Preparation of supplementary material on quarterly financial results: None
Holding of quarterly financial results briefing:	None

(Yen amounts are rounded down to millions, unless otherwise noted.)

1. Consolidated Financial Results For the Six Months Ended September 30, 2022 (April 1, 2022 to September 30, 2022)

(1) Consolidated Operating Results					(Percentages indicate year-on-year changes.)
	Net sales		Operating profit	Ordinary profit	Profit attributable to
		owners of parent
Six months ended	Millions of yen	％	Millions of yen	％	Millions of yen	％	Millions of yen	％
September 30, 2022	27,788	9.0	955	(44.8)	1,384	(25.5)	573	(55.1)
September 30, 2021	25,497	29.9	1,731	-	1,858	-	1,277	-

(Note) Comprehensive income:	Six months ended September 30, 2022: 3,562 million yen ( 8.9%)
	Six months ended September 30, 2021: 3,272 million yen ( - %)
Basic earnings per share	Diluted earnings per share
Six months ended	Yen	Yen
September 30, 2022	74.05	73.64
September 30, 2021	166.19	165.25

(2) Consolidated Financial Position
	Total assets	Net assets	Equity-to-asset ratio	Net assets per share
	Millions of yen	Millions of yen	％	Yen
As of September 30, 2022	70,788	38,213	51.0	4,645.92
As of March 31, 2022	67,375	35,006	49.2	4,287.90

(Reference) Shareholders' equity As of September 30, 2022:	36,096 million yen	As of March 31, 2022: 33,140 million yen
2. Cash Dividends
		Annual dividends per share
	1st quarter-end	2nd quarter-end	3rd quarter-end	Fiscal year-end	Total
	Yen	Yen	Yen	Yen	Yen
Fiscal year ended March 31, 2022	-	20.00		-	50.00	70.00
Fiscal year ending March 31, 2023	-	20.00
Fiscal year ending March 31, 2023 (forecast)				-	50.00	70.00

(Note) Revisions to the forecast of cash dividends most recently announced: No

3. Forecasts of Consolidated Earnings For the Year Ending March 31, 2023 (April 1, 2022 to March 31, 2023)

(Percentage figures represent year-on-year changes)

	Net sales		Operating profit	Ordinary profit
	Millions of yen	％	Millions of yen	％	Millions of yen	％
Full year	55,000	8.3	2,700	2.8	2,800	(8.5)

(Note) Revisions to the forecast of consolidated earnings most recently released: No

Profit attributable to	Basic earnings
owners of parent	per share
Millions of yen	％	Yen
1,900	(1.5)	245.23

* Notes

1. Changes in significant subsidiaries during this period: None
2. Adoption of accounting treatment specific to the preparation of quarterly consolidated financial statements: None
3. Changes in accounting policies, changes in accounting estimates, and restatement
4. 1. Changes in accounting policies due to revisions to accounting standards and other regulations: Yes
   2. Changes in accounting policies due to other reasons : None

3)	Changes in accounting estimates	: None
4)	Restatement	: None
(4) Number of issued shares (common shares)
1)	Total number of issued shares at the	As of September 30,	8,374,157	As of March 31, 2022
	end of the period (including treasury shares)	2022
2)	Number of treasury shares at the end of the period	As of September 30,	604,645	As of March 31, 2022
		2022
3)	Average number of shares outstanding during	Six months ended	7,747,914	Six months ended
	the period (cumulative from the beginning of	September 30, 2022	September 30, 2021

this fiscal year)

8,374,157

645,290

7,688,684

• Quarterly financial results reports are exempt from quarterly review conducted by certified public accountants or an audit corporation.
• Proper use of earnings forecasts, and other special matters

The financial forecast and other descriptions of the future presented in this document are based on currently available information and assumptions which are deemed reasonable at present. Please note that a variety of factors could cause actual results to differ from the forecasts.