This translation is to be solely as a reference and the consolidated financial statements in this release are unaudited.

Consolidated Financial Results For the Year Ended March 31, 2020
[Japanese Accounting Standards]
May 20, 2020
Company Name
Nippon Piston Ring Co., Ltd.
Stock Listing
Tokyo Stock Exchanges
6461
Code Number
URL
https://www.npr.co.jp/
Representative
Akira Yamamoto, President
Contact Person
Naohiro Tsubaru, General Manager, Accounting and Finance Department+81-48-856-5011
Telephone
June 26, 2020
Scheduled date of general shareholders' meeting
June 29, 2020
Scheduled commencement date of dividend payment
June 26, 2020
Scheduled submission date of financial statements
Supplemental materials prepared for financial results
NoneConvening briefing of financial results
None(Amounts are rounded down to the nearest million yen)

1. Consolidated Financial Results For the Year Ended March 31, 2020 (April 1, 2019 to March 31, 2020)(Percentage figures represent year-on-year changes)(1) Consolidated Operating Results
Net income attributable toNet sales
Operating income
Ordinary income
owners of parent
Millions of yen％ Millions of yen％ Millions of yen
Fiscal year ended
March 31, 202054,881
△ 3.8
1,829
△ 46.5
1,776
March 31, 201957,066
2.03,420△ 12.1
3,363(Note) Comprehensive income:Fiscal year ended March 31, 2020: △500 million yen ( ―%)Fiscal year ended March 31, 2019: 82 million yen ( △96.1%)

Net income per share

Diluted net income
per share(2) Consolidated Financial Position
Total assets

Net assets

Millions of yen

As of March 31, 2020
As of March 31, 2019
(Reference) Shareholders' equity

Millions of yen％

4901,888△ 74.1△ 17.4

Ratio of ordinary
income to total assets

Return on equityYenYen
Fiscal year ended
March 31, 2020
59.96
59.46
March 31, 2019229.65228.18(Reference) Equity in earnings of affiliates: Year ended March 31, 2020: ― million yen
Year ended March 31, 2019: ― million yen％

△ 47.2△ 19.7

Ratio of operating
income to net sales

%

%

%

1.6
6.0

2.7
5.1

3.3
6.0

Shareholders' equity ratio

Net assets per share％

Millions of yen

Yen

63,60831,28946.965,79332,495
47.4
As of March 31, 2020: 29,827 million yen
As of March 31, 2019: 31,166 million yen

3,686.973,789.58(3) Consolidated Cash Flows
Cash flows fromoperating activities
Fiscal year ended
March 31, 2020
March 31, 2019

Cash flows from investing Cash flows from financing Cash and cash equivalent
activities
activities
at end of period

Millions of yen

Millions of yen

Millions of yen

Millions of yen

3,669
5,129

△ 3,606△ 4,604

△ 919
△ 845

3,514
4,386

2. Dividends
1st quarter
Yen

Dividend per share
2nd quarter 3rd quarter
Year end
Yen

Yen

Yen

Ratio ofPayout ratio dividends to netassets

Millions of yen％％―30.00―
45.00
75.00616
Fiscal year ended March 31, 2020
―
20.00
―
55.00
75.00
609
Fiscal year ending March 31, 2021―――――(Note) The dividend forecast for the fiscal year ending March 31, 2021 has not been determined at this time.

32.7
125.1
―

2.0
2.0

Fiscal year ended March 31, 2019

Yen

Total dividends
for the year

Total

3. Forecasts of Consolidated Earnings For the Year Ending March 31, 2021 (April 1, 2020 to March 31, 2021)
The forecasts of consolidated earnings for the year ending March 31, 2021 have not been determined at this time as it is difficult to reasonably
estimate the impacts caused by the spread of COVID-19.
The forecasts of consolidated earnings for the year ending March 31, 2021 will be announced as soon as they become available.

* Notes(1) Changes in significant subsidiaries during the fiscal year ended March 31, 2020
(Changes in specified subsidiaries resulting in changes in scope of consolidation): None
(2) Changes in accounting policies, accounting estimates and restatement of corrections
1) Changes in accounting policies due to accounting standard change : Yes
2) Other changes in accounting policies: None3) Changes in accounting estimates: None4) Restatement of corrections: None(3) Number of shares outstanding (common stock)1) Number of outstanding share at theAs of March 31, 2020 8,374,157 As of March 31, 2019end of the year (including treasury stocks)2) Number of treasury stock at the end of the year
284,205 As of March 31, 2019
As of March 31, 2020
3) Average number of shares outstanding
for the year

Fiscal Year ended
March 31, 2020

8,172,587

Fiscal Year ended
March 31, 20198,374,157
149,855
8,224,380* This report is not subject to audit procedures by certified public accountants or auditing firm.
* Explanation regarding the appropriate use of forecasts, and other statements
The financial forecast and other descriptions of the future presented in this document are based on currently available information andassumptions which are deemed reasonable at present. Please note that a variety of factors could cause actual results to differ from the forecasts.