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, 2019
[Japanese Accounting Standards]
May 10, 2019
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, 2019
Scheduled date of general shareholders' meeting
June 27, 2019
Scheduled commencement date of dividend payment
June 26, 2019
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, 2019 (April 1, 2018 to March 31, 2019)(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％

FY201857,066
2.0
3,420
12.1
3,363
FY201755,932
7.3
3,890
20.2
4,189(Note) Comprehensive income:Year ended March 31, 2019: 82 million yen ( △96.1%)
Year ended March 31, 2018: 2,138 million yen ( 6.0%)

％

19.7
44.5

1,888
2,286

17.4
5.3

Millions of yen％

Millions of yen

Diluted net income
per share

Net income per share

Ratio of ordinary
income to total assets

Return on equity

Ratio of operating
income to net sales

%

%

%

FY2018229.65228.18
6.0
FY2017277.98276.547.4(Reference) Equity in earnings of affiliates: Year ended March 31, 2019: - million yen
Year ended March 31, 2018: - million yen

5.1
6.3

6.0
7.0

YenYen(2) Consolidated Financial Position
Total assets

Net assets

Millions of yen

Shareholders' equity ratio

Net assets per share％

Millions of yen

Yen

As of March 31, 201965,79332,495
47.4
As of March 31, 2018
66,09732,482
48.1(Reference) Shareholders' equity As of March 31, 2019: 31,166 million yen
As of March 31, 2018: 31,789 million yen(Note) The "partially revised "Accounting Standards for Tax Effect Accounting ''''(Corporate Accounting Standard No.28,February 16,2018) have been adopted as of the beginning of the current consolidated accounting period.
The revision is reflected on the previous fiscal-year amounts shown above.

3,789.58
3,865.23(3) Consolidated Cash Flows
Cash flows from operating Cash flows from investing Cash flows from financing Cash and cash equivalent
activities
activities
activities
at end of period
Millions of yen

Millions of yen

Millions of yen

Millions of yen

5,129
6,094

4,604
4,856

845
1,104

4,386
4,911

FY2018FY2017
2. DividendsYen

Yen

Millions of yen％

Ratio ofdividends tonet assets
％

70.00
45.00
55.00

70.00
75.00
75.00

575
616

25.2
32.7

1.9
2.0

Dividend per share

Fiscal year ended March 31, 2018
Fiscal year ended March 31, 2019
Fiscal year ending March 31, 2020

1st quarter2nd quarter3rd quarter

Yen

Yen

Yen

―
――

0.00
30.00
20.00

―
――

Year end

Total dividends
for the year

Total

Payout ratio―

3. Forecast of Consolidated Earnings For the Year Ending March 31, 2020 (April 1, 2019 to March 31, 2020)(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

27,50056,000

3.6
1.9

1,000
2,600

51.7
24.0

1,000
2,600

52.0
22.7

500
1,600

58.1
15.3

60.79
194.54

* 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: None3) Changes in accounting estimates: None4) 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
2019
2018
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
149,855
2019
2018
Year ended
Year ended
3) Average number of shares outstanding
8,224,380
March 31, 2019
March 31, 2018
for the year

8,374,157
149,666
8,224,827* 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.