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 Six Months Ended September 30, 2023
(Based on Japanese GAAP)
November 14, 2023
Company name:

NPR-RIKEN CORPORATION (for RIKEN CORPORATION)

Stock exchange listing: Tokyo
Stock code:
6209
Representative:
Inquiries:

URL

https://www.npr-riken.co.jp/

Chairman and CEO
General Manager of Accounting Division

Yasunori Maekawa
Takuya Ohashi

Scheduled date to file Quarterly Securities Report:
Scheduled date to commence dividend payments:

December 6, 2023

Preparation of supplementary material on quarterly financial results:
Holding of quarterly financial results meeting:

NoNoTEL

03-3230-3911(Amounts less than one million yen are rounded down)
1. Consolidated financial results for the six months ended September 30, 2023 (from April 1, 2023 to September 30, 2023)(1) Consolidated operating results (cumulative)
Percentages indicate year-on-year changes
Profit attributable toNet sales
Operating profit
Ordinary profit
owners of parent
Millions of yen% Millions of yen% Millions of yen% Millions of yen%
Six months ended September 30, 2023
51,79028.3
1,938 15.7
3,637 30.9
5,477 210.0
Six months ended September 30, 2022
40,3612.2
1,675 (51.2)
2,779 (30.3)
1,767 (14.7)
Earnings per share

Diluted earnings per shareYen
545.16
176.67Six months ended September 30, 2023
Six months ended September 30, 2022

Yen
544.21
176.26(2) Consolidated financial positionTotal assets
As of September 30, 2023
As of March 31, 2023

Net assets

Millions of yen
140,402123,728

Equity ratio

Millions of yen
104,248
94,983

Net assets per share%
70.2
71.5

Yen
9,799.43
8,810.30

2. Cash dividends
Annual dividends per share

Year ended March 31, 2023
Year ended March 31, 2024

1st quarter-end

2nd quarter-end

3rd quarter-end

Fiscal year-end

Yen––

Yen
60.00
60.00

Yen–

Yen
60.00

1TotalYen
120.004. Notes(1) Changes in significant subsidiaries during the six months ended September 30, 2023
(changes in specified subsidiaries resulting in the change in scope of consolidation):(2) Application of special accounting methods for preparing quarterly consolidated financial statements:

Yes
No(3) Changes in accounting policies, changes in accounting estimates, and restatement of prior period financial statements
Changes in accounting policies due to revisions to accounting standards and other regulations:No
Changes in accounting policies due to other reasons:
Changes in accounting estimates:

NoNo

Restatement of prior period financial statements:

No(4) Number of issued shares (common shares)
Total number of issued shares at the end of the period (including treasury shares)
As of September 30, 2023

10,052,129 shares As of March 31, 2023

10,688,866 shares

Number of treasury shares at the end of the period
As of September 30, 2023

― shares As of March 31, 2023

646,482 shares

Average number of shares during the period (cumulative from the beginning of the fiscal year)
Six months ended September 30, 2023

10,048,100 shares Six months ended September 30, 2022

210,002,675 shares

Quarterly consolidated financial statements
Consolidated balance sheets
As of March 31, 2023
AssetsCurrent assets
Cash and deposits
Notes and accounts receivable - trade, and contract
assetsMerchandise and finished goods
Work in process
Raw materials and supplies
Other
Allowance for doubtful accounts
Total current assets
Non-current assets
Property, plant and equipment
Buildings and structures, net
Machinery, equipment and vehicles, net
LandConstruction in progress
Other, net
Total property, plant and equipment
Intangible assets
Leased assets
Other
Total intangible assets
Investments and other assets
Investment securities
Deferred tax assets
Retirement benefit asset
Insurance funds
Other
Allowance for doubtful accounts
Total investments and other assets
Total non-current assets
Total assets

3(Millions of yen)
As of September 30, 2023

23,81818,76821,962

27,072

10,598
3,649
3,738
2,611
(57)
66,321

13,5604,817
4,541
1,682(57)
70,385

10,475
10,329
2,514
1,830
985
26,135

11,081
11,188
5,118
2,429
1,406
31,224

1,652
595
2,248

1,450
709
2,159

23,144
1,205
3,576
61
1,038
(4)
29,022
57,406
123,728

28,333
1,284
5,818
4
1,196(4)36,63370,017140,402As of March 31, 2023
Liabilities
Current liabilities
Notes and accounts payable - trade
Current portion of long-term borrowings
Income taxes payable
Provision for bonuses
Other
Total current liabilities
Non-current liabilities
Long-term borrowings
Retirement benefit liability
Provision for product warranties
Provision for environmental measures
Other
Total non-current liabilities
Total liabilities
Net assets
Shareholders' equity
Share capital
Capital surplus
Retained earnings
Treasury shares
Total shareholders' equity
Accumulated other comprehensive income
Valuation difference on available-for-sale securities

Deferred gains or losses on hedges
Foreign currency translation adjustment
Remeasurements of defined benefit plans
Total accumulated other comprehensive income
Share acquisition rights
Non-controlling interests
Total net assets
Total liabilities and net assets

4(Millions of yen)
As of September 30, 2023

9,881
3,000
512
1,713
3,956
19,063

13,864
300
580
1,419
5,618
21,782

7,000
1,293
285
9
1,093
9,681
28,745

8,050
1,702
285
94,324
14,371
36,153

8,627
7,178
67,644(2,896)80,5548,627
4,505
72,495－85,627

1,908
10
3,474
2,529
7,922
97
6,409
94,983
123,728

4,285(123)
6,748
1,966
12,87751
5,692
104,248
140,402

Consolidated statements of income (cumulative) and consolidated statements of comprehensive income(cumulative)
Consolidated statements of income (cumulative)(Millions of yen)Six months ended
Six months ended
September 30, 2022
September 30, 2023
40,361
51,790Net sales
32,442
41,981
Cost of sales
7,9189,809
Gross profit
6,242
7,870
Selling, general and administrative expenses
1,675
1,938
Operating profit
Non-operating income
249
322
Interest and dividend income
Share of profit of entities accounted for using equity
641
980
method217
385
Foreign exchange gains
00
Dividend income of life insurance
8
Subsidy income
－98
202
Other
1,214
1,891
Total non-operating income
Non-operating expenses
48
65
Interest expenses
62
127
Other
110
192
Total non-operating expenses
2,779
3,637
Ordinary profit
Extraordinary income
107
Gain on sale of non-current assets
2,730
Gain on bargain purchase－
102,737
Total extraordinary incomeExtraordinary losses
1055
Loss on retirement of non-current assets
03
Loss on sale of non-current assets
62
Loss on sale of investment securities－
83
Impairment－
78
System failure response costs－
89
204
Total extraordinary losses
2,700
6,170
Profit before income taxes
662
912
Income taxes - current
39111
Income taxes - deferred
702
1,024
Total income taxes
1,997
5,146
Profit230(331)
Profit attributable to non-controlling interests
1,767
5,477
Profit attributable to owners of parent

5Consolidated statements of comprehensive income (cumulative)

ProfitOther comprehensive income
Valuation difference on available-for-sale securities
Deferred gains or losses on hedges
Foreign currency translation adjustment
Remeasurements of defined benefit plans, net of tax
Share of other comprehensive income of entities
accounted for using equity method
Total other comprehensive income
Comprehensive income
Comprehensive income attributable toComprehensive income attributable to owners ofparent
Comprehensive income attributable to non-controllinginterests

6Six months ended
September 30, 2022
1,997

(Millions of yen)Six months ended
September 30, 2023
5,146(616)(25)
3,843(263)

2,542
(127)
2,563(562)

1,539

975

4,477
6,475

5,392
10.5395,611

10,484863

54

Consolidated statements of cash flows(Millions of yen)Six months ended
September 30, 2023

Six months ended
September 30, 2022
Cash flows from operating activities
Profit before income taxes
Depreciation
Share of loss (profit) of entities accounted for using
equity method
Gain on bargain purchase
Increase (decrease) in retirement benefit liability
Decrease (increase) in retirement benefit asset
Subsidy income
Interest and dividend income
Interest expenses
Loss (gain) on sale of investment securities
Loss on retirement of non-current assets
System failure response costs
Loss (gain) on sale of non-current assets
Decrease (increase) in trade receivables and contract
assetsDecrease (increase) in inventories
Increase (decrease) in trade payables
Other, net
Subtotal
Subsidies received
Interest and dividends received
Interest paid
Income taxes paid
system failure response costs paid
Net cash provided by (used in) operating activities
Cash flows from investing activities
Net decrease (increase) in time deposits
Purchase of property, plant and equipment
Proceeds from sale of property, plant and equipment
Purchase of intangible assets
Proceeds from sale and redemption of investment
securities
Purchase of investment securities
Short-term loan advances
Proceeds from collection of short-term loans receivable

Purchase of shares of subsidiaries
Other payments
Other proceeds
Net cash provided by (used in) investing activities
Cash flows from financing activities
Repayments from short-term borrowings
Proceeds from long-term borrowings
Repayments from short-term borrowings
Purchase of treasury shares
Dividends paid
Dividends paid to non-controlling interests
Purchase of shares of subsidiaries not resulting inchange in scope of consolidation
Repayments of lease liabilities
Other
Net cash provided by (used in) financing activities
Effect of exchange rate change on cash and cash equivalents
7

2,700
2,330

6,170
2,329

(641)

(980)

－
81
(39)
(8)
(249)
48－
10
78
(9)

(2,730)
(12)
(269)
－
(322)
65
62
55－
(3)(128)

(294)

(635)
(3,056)(1,215)
(734)
8
1,864
(48)
(1,722)
(56)
(688)

946
1,000
698
6,713
－
353
(58)
(439)
－
6,568

(194)
(1,402)19(135)(113)(2,329)
78
(93)

–

775

(25)
(389)
399
–
(8)
9(1,729)

–
(472)
467
(3,178)(36)
74(4,827)

–––
(0)
(600)
(154)

（2,782)3,000(4,650)
(2)
(602)
(157)

－

(2,697)

(68)
－
(823)
959

(34)
(32)
(7,959)872

Net increase (decrease) in cash and cash equivalents
Cash and cash equivalents at beginning of period
Cash and cash equivalents at end of period(2,282)
13,886
11,6038(5,345)
20,205
14,860