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, 2018
[Japanese Accounting Standards]
May 11, 2018
Company Name
Nippon Piston Ring Co., Ltd.
Stock Listing
Tokyo Stock Exchanges
6461
Code Number
URL
http://www.npr.co.jp/
Representative
Akira Yamamoto, President
Contact Person
Hiroto Koeba, Operating Officer, General Manager, Accounting and Finance Department+81-48-856-5011
Telephone
June 27, 2018
Scheduled date of general shareholders' meeting
June 28, 2018
Scheduled commencement date of dividend payment
June 27, 2018
Scheduled submission date of financial statements
Supplemental materials prepared for financial results
NoneConvening briefing of financial resultsYes (For analysts and institutional investors)(Amounts are rounded down to the nearest million yen)

1. Consolidated Financial Results For the Year Ended March 31, 2018 (April 1, 2017 to March 31, 2018)(Percentage figures represent year-on-year changes)(1) Consolidated Operating Results
Net income attributable toNet sales
Operating income
Ordinary incomeowners of parent
Millions of yen％

Millions of yen％

FY201755,932
7.3
3,890
20.2
4,189
FY201652,121
△ 0.2
3,238
27.0
2,898
Year ended March 31, 2018: 2,138 million yen ( 6.0%)(Note) Comprehensive income:Year ended March 31, 2017: 2,018 million yen ( - %)

％

44.5
18.7

2,286
2,415

△ 5.3
50.5

Millions of yen

Net income per share％

Millions of yen

Diluted net income
per share

Ratio of operating
income to net sales

Ratio of ordinary
income to total assets

Return on equity%%%

FY2017277.98276.547.4
FY2016
293.66292.45
8.2(Reference) Equity in earnings of affiliates: Year ended March 31, 2018: - million yen
Year ended March 31, 2017: - million yen

6.3
4.4

7.0
6.2

YenYen(2) Consolidated Financial Position
Total assets

Net assets

Millions of yen

As of March 31, 2018
As of March 31, 2017
(Reference) Shareholders' equity

Shareholders' equity ratio

Net assets per share％

Millions of yen

Yen

66,51932,482
47.8
67,13530,88345.2
As of March 31, 2018: 31,789 million yen
As of March 31, 2017: 30,335 million yen

3,865.23
3,688.21(3) Consolidated Cash FlowsCash flows fromoperating activities

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

6,094
6,434

△ 4,856△ 5,023△ 1,104
△ 751

4,911
4,634

FY2017FY2016
2. Dividends

Dividend per share
1st quarter2nd quarter 3rd quarter

Yen
Fiscal year ended March 31, 2017
Fiscal year ended March 31, 2018
Fiscal year ending March 31, 2019

Yen

―――

0.00
0.00
30.00

Yen

―――

Year end

Total dividends
for the yearTotal

Payout ratio

Yen

Yen

Millions of yen

％

65.00
70.00
45.00

65.00
70.00
75.00

534
575

22.1
25.2
25.7

Ratio ofdividends tonet assets％

1.8
1.9

3. Forecast of Consolidated Earnings For the Year Ending March 31, 2019 (April 1, 2018 to March 31, 2019)(Percentage figures represent year-on-year changes)

Net salesFirst half (cumulative)
Full year

Operating income

Net income attributable
Net income per shareto owners of parent

Ordinary income

Millions of yen％

Millions of yen％

Millions of yen％

Millions of yen％

Yen

28,00057,000

1.8
1.9

1,800
4,10019.2
5.4

1,8004,1007.0△ 2.1

1,1002,400

△ 4.8
5.0

133.74291.80* Notes(1) Changes in significant subsidiaries during the year
(Changes in specified subsidiaries that caused a change in the 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 : None
2) Other changes in accounting policies: None
3) Changes in accounting estimates: None
4) Restatement of corrections: None
(3) Number of shares outstanding (common stock)
As of March 31,
As of March 31,1) Number of outstanding share at the8,374,157
2018
2017
end of the year (including treasury stocks)
As of March 31,
As of March 31,2) Number of treasury stock at the end of the year
149,6662018
2017
Year ended
Year ended
3) Average number of shares outstanding
8,224,827
March 31, 2018
March 31, 2017
for the year

8,374,157
149,074
8,224,054* Financial results reports are not subject to auditing.
* 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.