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 Year Ended March 31, 2024
(Based on Japanese GAAP)May 15, 2024
Company name:

NPR-RIKEN CORPORATION

Stock exchange listing: Tokyo
Stock code:
6209

URL

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

Representative:

Representative Director, Chairman and CEO Yasunori Maekawa
General Manager Corporate Management
Inquiries:Kazunori Maeda
Division
Scheduled date of ordinary general meeting of shareholders:June 21, 2024
Scheduled date to file Securities Report:
Scheduled date to commence dividend payments:

June 21, 2024
June 24, 2024

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

NoYes

TEL

03-6899-1871(Amounts less than one million yen are rounded down)
1. Consolidated financial results for the year ended March 31, 2024 (from April 1, 2023 to March 31, 2024)(1) Consolidated operating results
Net salesYear ended March 31, 2024
Year ended March 31, 2023

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

Operating profit

Millions of yen
138,586–%––

Millions of yen
8,764–

Earnings per share

Diluted earnings pershare%––

Percentages indicate year-on-year changes
Profit attributable toOrdinary profit
owners of parent
Millions of yen% Millions of yen%
11,635–26,324–––––

Profit attributable toOrdinary profit/total Operating profit/net
owners ofassets
sales
parent/equity
Yen%%%
1,088.83
37.5
10.6
6.3
––––

Yen
1,091.89–(2) Consolidated financial position
Total assets
As of March 31, 2024
As of March 31, 2023

Net assets

Equity ratio

Millions of yen
218,580–

Millions of yen
149,166–

Cash flows fromoperating activities
Millions of yen
18,496–

Cash flows frominvesting activities
Millions of yen(13,548)–

Net assets per share%
64.2
–

Yen
4,990.81–(3) Consolidated cash flows

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

Cash flows from
Cash and cash equivalents
at end of period
financing activities
Millions of yen
Millions of yen(8,615)22,261––2. Cash dividends
Annual dividends per share
1st quarter-end 2nd quarter-end 3rd quarter-end Fiscal year-end

Year ended March 31, 2023
Year ended March 31, 2024
Year ending March 31, 2025
(Forecast)of dividends
Total cash
Dividend payout Ratio
to net assets
dividends (Total) ratio (Consolidated) (Consolidated)

Total

Yen

Yen

Yen

Yen

Yen

Millions of yen%%–––––––
70.00

–
70.00

–
1,969

–
6.4

–
1.4

–

45.00

–

70.00

115.00140.4

3. Forecast of consolidated financial results for the year ending March 31, 2025 (from April 1, 2024 to March 31, 2025)
Net sales
Full year

Millions of yen
171,000

Percentages indicate year-on-year changes
Profit attributable toOperating profit
Ordinary profit
Earnings per shareowners of parent% Millions of yen% Millions of yen% Millions of yen
%
Yen
23.4
10,40018.7
12,7009.2
8,000 (69.6)
284.31

4. Notes(1) Changes in significant subsidiaries during the year ended March 31, 2024
(changes in specified subsidiaries resulting in the change in scope of consolidation):Yes(2) 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:
Changes in accounting policies due to other reasons:

NoNo

Changes in accounting estimates:
Restatement of prior period financial statements:

NoNo(3) Number of issued shares (common shares)
Total number of issued shares at the end of the period (including treasury shares)
As of March 31, 2024

28,141,360 shares As of March 31, 2023

– shares

Number of treasury shares at the end of the periodAs of March 31, 2024

3,159 shares As of March 31, 2023

– shares24,108,914 shares Year ended March 31, 2023

– sharesAverage number of shares during the period
Year ended March 31, 2024

2Consolidated financial statements
Consolidated balance sheets(Millions of yen)
As of March 31, 2024
AssetsCurrent assets
Cash and deposits
Notes and accounts receivable - trade, and contract assets

24,44038,709Merchandise and finished goods
Work in process

22,736
7,348

Raw materials and supplies
Other

7,497
3,680

Allowance for doubtful accounts(63)

Total current assets

104,348

Non-current assets
Property, plant and equipment
Buildings and structures, net

16,108

Machinery, equipment and vehicles, net
Land19,703
8,623

Construction in progress
Other, net

1,986
3,773

Total property, plant and equipment

50,195Intangible assets
Leased assets

1,247

Goodwill
Other

5,073
1,232

Total intangible assets

7,553

Investments and other assets
Investment securities

40,401

Deferred tax assets
Retirement benefit asset

1,443
13,412

Other
Allowance for doubtful accounts

1,252
(26)

Total investments and other assets

56,482

Total non-current assets

114,232

Total assets

218,5803

(Millions of yen)
As of March 31, 2024
Liabilities
Current liabilities
Notes and accounts payable - trade

10,915

Electronically recorded obligations - operating
Short-term borrowings

9,148
7,816

Current portion of long-term loans payable
Income taxes payable

2,404
1,587

Provision for bonuses
Other

2,794
9,999

Total current liabilities

44,668Non-current liabilities
Long-term borrowings

9,565

Retirement benefit liability
Provision for product warranties

3,835
285

Provision for retirement benefits for directors (and otherofficers)

189

Deferred tax liabilities
Other

7,921
2,947

Total non-current liabilities

24,745

Total liabilities

69,413

Net assets
Shareholders' equity
Share capital

5,061

Capital surplus
Retained earnings

25,59089,884

Treasury shares(6)

Total shareholders' equity

120,530

Accumulated other comprehensive income
Valuation difference on available-for-sale securities
Deferred gains or losses on hedges

7,750
(111)

Foreign currency translation adjustment
Remeasurements of defined benefit plans

6,116
6,147

Total accumulated other comprehensive income

19,902

Share acquisition rights
Non-controlling interests

118
8,615

Total net assets

149,166

Total liabilities and net assets

218,5804

Consolidated statements of income and consolidated statements of comprehensive income
Consolidated statements of income(Millions of yen)
Fiscal year ended
March 31, 2024
Net sales

138,586

Cost of sales

108,602

Gross profit

29,983

Selling, general and administrative expenses
Freight and packing costs
Sales commission

2,781
244

Provision for retirement benefits for directors (and otherofficers)

15

Provision for bonusesRemuneration, salaries and allowances for directors (and otherofficers)
Retirement benefit expenses

1,243
5,682
142

Research and development expenses
Other

2,458
8,651

Total selling, general and administrative expenses

21,219Operating profit

8,764

Non-operating income
Interest and dividend income
Share of profit of entities accounted for using equity method

873
1,465

Foreign exchange gains
Other

348
530

Total non-operating income

3,217

Non-operating expenses
Interest expenses

167

Other179

Total non-operating expenses

347

Ordinary profit

11,635Extraordinary income
Gain on sale of non-current assets
Gain on sale of investment securities

12197

Gain on bargain purchase

19,182

Total extraordinary income

19,391

Extraordinary losses
Loss on retirement of non-current assets
Loss on sale of non-current assets

246
19

Impairment losses
Loss on sale of investment securities

933
62

Loss on valuation of investment securities

9

Total extraordinary losses

1,272

Profit before income taxes

29,753

Income taxes - current
Income taxes - deferred

2,745
740

Total income taxes

3,486

Profit26,267

Loss attributable to non-controlling interests(56)

Profit attributable to owners of parent

26,324

5Consolidated statements of comprehensive income(Millions of yen)
Fiscal year ended
March 31, 2024
ProfitOther comprehensive income

26,267

Valuation difference on available-for-sale securities
Deferred gains or losses on hedges

5,978
(114)

Foreign currency translation adjustment
Remeasurements of defined benefit plans, net of tax

1,659
3,642

Share of other comprehensive income of entities accounted
for using equity method

1,144

Total other comprehensive income

12,308Comprehensive income

38,575Comprehensive income attributable toComprehensive income attributable to owners of parent
Comprehensive income attributable to non-controlling

38,439137

interests

6

Consolidated statements of changes in equity
Fiscal year ended March 31, 2024
(Millions of yen)
Shareholders' equity
Share capital
Balance at beginning ofperiod

Capital surplus

8,627

Retained earnings

7,178

67,644

Total shareholders'equity

Treasury shares(2,896)80,554

Changes during period
Profit (loss) attributableto owners of parent
Increase by sharetransfers
Issuance of new shares

26,324

26,324(3,627)18,442

14,815

61

61

122

Dividends of surplus(273)(1,205)Purchase of treasury
shares
Disposal of treasury
shares(28)

Cancellation of treasury
shares(2,849)Transfer from retained
earnings to capitalsurplus

2,849

Purchase of shares of
consolidated subsidiaries

181(1,478)
(8)

(8)

48

20

2,849

–

(2,849)–181

Net changes in items
other than shareholders'equity–Total changes during period(3,565)

18,411

22,2402,890

39,976

Balance at end of period

5,061

25,59089,884(6)

120,5307

Accumulated other comprehensive income
Valuationdifference
on availablefor-salesecurities
Balance at beginning of
period1,908

Deferred
gains orlosses onhedges10

Total

Foreigncurrencytranslation
adjustment

Remeasurements

accumulatedof defined benefit

otherplanscomprehensive

3,474

2,529

Share
acquisitionrights

Noncontrollinginterests

Total net assets

income

7,922

97

6,409

94,983

Changes during period
Profit (loss) attributableto owners of parent

26,324

Increase by sharetransfers

14,815Issuance of new shares

122

Dividends of surplus(1,478)Purchase of treasury
shares(8)

Disposal of treasury
shares20

Cancellation of treasury
shares–Transfer from retained
earnings to capitalsurplus–Purchase of shares ofconsolidated subsidiaries

181

Net changes in items
other than shareholders'equity

5,842

(121)

2,641

3,617

11,97921

2,205

14,207

Total changes during period

5,842

(121)

2,641

3,617

11,97921

2,205

54,183

Balance at end of period

7,750

(111)

6,116

6,147

19,902

118

8,615

149,166

8Consolidated statements of cash flows(Millions of yen)
Fiscal year ended
March 31, 2024
Cash flows from operating activities
Profit before income taxes

29,753

Depreciation
Impairment losses

6,763
933

Share of loss (profit) of entities accounted for using equity
method(1,465)

Increase (decrease) in retirement benefit liability
Decrease (increase) in retirement benefit asset(808)(6,351)

Increase (decrease) in allowance for doubtful accounts
Interest and dividend income

(17)
(873)

Interest expenses
Gain on bargain purchase167(19,182)

Loss (gain) on sale of investment securities
Loss on retirement of non-current assets

(134)
246

Loss (gain) on sale of non-current assets
Decrease (increase) in accounts receivable - trade, and

7
1,013

contract assets
Decrease (increase) in inventories

1,857

Increase (decrease) in trade payables
Other, net(458)7,265Subtotal

18,717

Interest and dividends received
Interest paid

1,732
(167)

Income taxes paid

(1,785)

Net cash provided by (used in) operating activities

18,496

Cash flows from investing activities
Net decrease (increase) in time deposits
Purchase of property, plant and equipment

1,600(5,834)

Proceeds from sale of property, plant and equipment
Purchase of intangible assets

140
(257)

Purchase of investment securities
Proceeds from sale and redemption of investment securities

(0)
1,088

Loan advances
Proceeds from collection of loans receivable

(712)
757

Purchase of shares of subsidiaries
Other payments(9,530)(889)

Other proceeds

89

Net cash provided by (used in) investing activities(13,548)

9

(Millions of yen)
Fiscal year ended
March 31, 2024
Cash flows from financing activities
Proceeds from short-term borrowings

4,706

Repayments of short-term borrowings
Proceeds from long-term borrowings(5,535)3,000

Repayments of long-term borrowings
Repayments of lease liabilities(6,310)(136)

Purchase of treasury shares
Proceeds from disposal of treasury shares(8)0Dividends paid
Dividends paid to non-controlling interests(1,477)(157)

Purchase of shares of subsidiaries not resulting in change inscope of consolidation(2,697)

Net cash provided by (used in) financing activities(8,615)

Effect of exchange rate change on cash and cash equivalents

513

Net increase (decrease) in cash and cash equivalents(3,153)

Cash and cash equivalents at beginning of period

25,414

Cash and cash equivalents at end of period

22,26110