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 Fiscal Year Ended March 31, 2023
(Under Japanese GAAP)May 12, 2023
Company Name:
Nippon Piston Ring Co., Ltd.
Listing:
Tokyo Stock Exchange
6461
Securities Code:
URL:
https://www.npr.co.jp/
Representative:
Teruo Takahashi, President and Representative Director
Inquiries:
Takeshi Shida, General Manager, Accounting and Finance Department+81-48-856-5011
Telephone:
June 23, 2023
Scheduled date of annual general meeting of shareholders
June 26, 2023
Scheduled date to commence dividend payments
June 23, 2023
Scheduled date to file annual securities report
Preparation of supplementary material on financial results
None
Holding of financial results briefing:
Yes (For analysts and institutional investors)(Yen amounts are rounded down to millions, unless otherwise noted.)

1. Consolidated Financial Results For the Fiscal Year Ended March 31, 2023 (April 1, 2022 to March 31, 2023)(Percentages indicate year-on-year changes.)(1) Consolidated Operating Results
Profit attributable toNet sales
Operating profit
Ordinary profit
owners of parent
Millions of yen％ Millions of yen％ Millions of yen％ Millions of yen
Fiscal year endedMarch 31, 2023
58,524
15.2
2,385
△ 9.2
2,755
△ 9.9
1,808
March 31, 2022
50,783
12.2
2,627
3,058
759.7
1,928
(Note) Comprehensive income:Fiscal year ended March 31, 2023: 3,558 million yen ( △28.4%)
Fiscal year ended March 31, 2022: 4,972 million yen ( ―%)Basic earnings
per share

Diluted earningsper share

Return on equity

Ratio of ordinary
profit to total assets％△ 6.3-Ratio of operating
profit to net sales%%%
Yen
Yen
Fiscal year endedMarch 31, 2023
232.90231.605.2
4.0
4.1
March 31, 2022
250.40248.99
6.2
4.7
5.2(Reference) Share of profit (loss) of entities accounted for using equity method
For the fiscal year ended March 31, 2023: ― million yen
For the fiscal year ended March 31, 2022: ― million yen(Note) The numerical figures for fiscal year ended March 31, 2022 have been retroactively applied to reflect changes in accounting policies(2) Consolidated Financial Position
Total assets

Net assets

Millions of yen

Equity-to-asset ratio

Net assets per share％

Millions of yenYen

As of March 31, 2023
68,843
38,11752.4
4,632.77
As of March 31, 2022
67,34935,09949.3
4,299.86(Reference) Equity
As of March 31, 2022: 36,091 million yen
As of March 31, 2021: 33,233 million yen(Note) The numerical figures for fiscal year ended March 31, 2022 have been retroactively applied to reflect changes in accounting policies(3) Consolidated Cash Flows
Cash flows fromoperating activities
Fiscal year ended
March 31, 2023
March 31, 2022

Cash flows frominvesting activities

Cash flows fromfinancing activities

Cash and cash equivalentat end of period

Millions of yen

Millions of yen

Millions of yen

Millions of yen

5,155
6,498

△ 3,132△ 3,079△ 2,965△ 2,511

5,606
5,989

2. Cash Dividends
Annual dividends per shareFirstSecondThird
Fiscalquarter-end quarter-end quarter-end year-end
Fiscal year ended March 31, 2022
Fiscal year ended March 31, 2023
Fiscal year ending March 31, 2024(forecast)

Ratio of
Payout ratio dividends to net(Consolidated)assetsTotal(Consolidated)
Yen Millions of yen％％
Total cash
dividends(Total)

Yen

Yen

Yen

Yen

-

20.00
20.00

-

50.00
50.00

70.00
70.00

-

35.00

---

560
561

28.0
30.1

1.7
1.6

-

(Note) Since we plan to conduct a business integration with Riken Corporation through the establishment of a joint holding company on October 2,
2023, the forecast of interim dividend is 35 yen, and the year-end dividend has not been determined at this time.

3. Forecasts of Consolidated Earnings For the Year Ending March 31, 2024 (April 1, 2023 to March 31, 2024)(Percentage figures represent year-on-year changes)

Net sales％ Millions of yen

Millions of yen

First half (cumulative)
Full year

Operating profit

30,00061,000

8.0
4.2％ Millions of yen

1,400
3,400

46.5
42.5

Basic earnings
per share

Profit attributable toowners of parent

Ordinary profit％ Millions of yen

1,200 △ 13.3
3,200
16.1

800
2,100％

Yen

39.4
16.1

103.03270.48* Notes(1) Changes in significant subsidiaries during the period (changes in specified subsidiaries resulting in the change
in scope of consolidation): None
(2) Changes in accounting policies, changes in accounting estimates, and restatement
1) Changes in accounting policies due to revisions to accounting standards and other regulations: Yes
2) Changes in accounting policies due to other reasons: Yes
3) Changes in accounting estimates: None
4) Restatement: None
(3) Number of issued shares (common shares)
1) Total number of issued shares at theAs of March 31, 2023 8,374,157 As of March 31, 2022
end of the period (including treasury shares)
2) Number of treasury shares at the end of the period
583,728 As of March 31, 2022
As of March 31, 2023
3) Average number of shares outstanding during
the period

Fiscal Year ended
March 31, 2023

7,763,978Fiscal Year ended
March 31, 2022

8,374,157
645,290
7,703,450(Reference) Overview of non-consolidated financial results
1. Non-Consolidated Financial Results For the Year Ended March 31, 2023 (April 1, 2022 to March 31, 2023)(Percentage figures represent year-on-year changes)(1) Non-Consolidated Operating Results
Net salesFiscal year ended
March 31, 2023
March 31, 2022

Operating profit％ Millions of yen

Millions of yen

34,94533,056

5.7
22.0

Basic earnings
per share
Fiscal year ended
March 31, 2023
March 31, 2022

Profit％ Millions of yen

283
17-

1,870
994％

Millions of yen

％

88.2
-

1,689
1,126

50.0
-

Diluted earnings
per share
Yen

Yen

217.65146.26216.43145.43(2) Non-Consolidated Financial Position
Total assets

Net assets

Millions of yen

As of March 31, 2023
As of March 31, 2022
(Reference) Equity

Ordinary profit

56,12057,538
As of March 31, 2023: 32,213 million yen

Equity-to-asset ratio

Millions of yen

Net assets per share％

32,28057.4
31,69455.0
As of March 31, 2022: 31,627 million yen

Yen4,135.01
4,092.12* Financial results reports are exempt from audit 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 andassumptions which are deemed reasonable at present. Please note that a variety of factors could cause actual results to differ from the forecasts.