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

Consolidated Financial Results For the First Half Ended September 30, 2015
[Japanese Accounting Standards]
November 9, 2015
Company Name
Nippon Piston Ring Co., Ltd.
Stock Listing
Tokyo Stock Exchanges
6461
Code NumberURL
http://www.npr.co.jp/
Representative
Akira Yamamoto, President
Contact Person
Hiroto Koeba, General Manager, Accounting and Finance Department+81-48-856-5011
Telephone
November 9, 2015
Scheduled submission date of quarterly financial statements
Scheduled commencement date of dividend payment
Supplemental materials prepared for quarterly financial results
None
Convening briefing of quarterly financial results
None(Amounts are rounded down to the nearest million yen)

1. Consolidated Financial Results For the First Half Ended September 30, 2015 (April 1, 2015 to September 30, 2015)(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％

Millions of yen％

26,30425,1984.4△ 0.41,452
1,103

31.6
19.3

1,447
1,224

18.2
30.0

894
1,171

△ 23.689.5

FY2015 1st Half
FY2014 1st Half(Note) Comprehensive income:

1st half ended September 30, 2015: 71 million yen ( △88.5%)
1st half ended September 30, 2014: 622 million yen ( △78.6%)
Net income per share

FY2015 1st Half
FY2014 1st Half

Diluted net income per share
YenYen108.83142.54108.47142.23(Note) On October 1, 2015, the Company executed a 1-for-10 stock split of its common stock. Net income per share and diluted net income pershare are calculated on the assumption that the stock split was executed at the beginning of the previous consolidated fiscal year.

(2) Consolidated Financial Position
Total assets

Net assets

Millions of yen

As of September 30, 2015
As of March 31, 2015
(Reference) Shareholders' equity

Shareholders' equity ratio

Net assets per share％

Millions of yen

67,20430,911
67,26431,325
As of September 30, 2015: 30,355 million yen

Yen

45.2
3,692.51
45.7
3,741.90
As of March 31, 2015: 30,752 million yen(Note) On October 1, 2015, the Company executed a 1-for-10 stock split of its common stock. Net assets per share is calculated on theassumption that the stock split was executed at the beginning of the previous consolidated fiscal year.

2. Dividends
1st quarter2nd quarter

Yen

Fiscal year ended March 31, 2015
Fiscal year ending March 31, 2016
Fiscal year ending March 31, 2016 (forecast)

Dividend per share
3rd quarter

Yen

―
―

Year end

Yen

0.00
0.00

Full year
Yen

Yen

―

6.00

6.00

―

60.00

60.00

(Note1) Changes in the latest forecasts released: None
(Note2) The forecast amount of year-end dividends per share for FY2015 presented above reflects the impact of the 1-for-10 reverse stock split of
the common stock executed on October 1, 2015. Without reflecting the impact, the forecast amount of year-end dividends per share is 6 yen.

3. Forecast of Consolidated Earnings For the Year Ending March 31, 2016 (April 1, 2015 to March 31, 2016)(Percentage figures represent year-on-year changes)

Net sales
Full year

Operating income

Net income attributableto owners of parent

Ordinary income

Net income pershare

Millions of yen％

Millions of yen％

Millions of yen％

Millions of yen％

Yen52,0000.7

2,20013.0

2,100

△ 3.4

1,500

△ 31.0182.51(Note1) Changes in the latest forecasts released: None
(Note2) The forecast amount of net income per share presented above reflects the impact of the 1-for-10 reverse stock split of the common
stock executed on October 1, 2015. Without reflecting the impact, the forecast amount of net income per share for full year is 18.25 yen.

* Notes(1) Changes in significant subsidiaries during the current quarter(Changes in specified subsidiaries that caused a change in the scope of consolidation): None
(2) Adoption of specific accounting method for quarterly consolidated financial statements: None
(3) 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(4) Number of shares outstanding (common stock)1) Number of outstanding share at theAs of September
As of March 31,
8,374,157
30, 2015
2015
end of the period (including treasury stocks)2) Number of treasury stock at the end of the period3) Average number of shares outstanding
during the quarter

As of September
30, 2015
FY2015 1st half

8,374,157

As of March 31,
2015

155,840

8,219,677 FY2014 1st half

8,218,552

153,426(Note) On October 1, 2015, the Company executed a 1-for-10 stock split of its common stock. Average number of shares outstanding forthe year is calculated on the assumption that the stock split was executed at the beginning of the previous consolidated fiscal year.

* Indication regarding execution of the quarterly review proceduresThis quarterly financial report is exempted from the quarterly review procedures in accordance with the Financial Instruments andExchange Act. At the time of disclosure of this quarterly financial report, the quarterly review procedures for quarterly consolidated
financial statements in accordance with the Financial Instruments and Exchange Act have been completed.

* 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.