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

Consolidated Financial Results For the Six Months Ended September 30, 2020
[Japanese Accounting Standards]
November 13, 2020
Company Name
Nippon Piston Ring Co., Ltd.
Stock Listing
Tokyo Stock Exchanges
6461
Code Number
URL
https://www.npr.co.jp/
Representative
Teruo Takahashi, President and Representative Director
Contact Person
Naohiro Tsubaru, Operating Officer, General Manager of Accounting and Finance Department+81-48-856-5011
Telephone
November 13, 2020
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 Six Months Ended September 30, 2020 (April 1, 2020 to September 30, 2020)(Percentage figures represent year-on-year changes)(1) Consolidated Operating Results
Net income attributable toNet sales
Operating income
Ordinary income
owners of parent
Six months ended
September 30, 2020
September 30, 2019

Millions of yen％

Millions of yen％

Millions of yen％

Millions of yen％

19,62927,264△ 28.0△ 4.5△ 1,487352△ 83.0△ 1,249339△ 83.7△ 1,94441△ 96.5(Note) Comprehensive income:Six months ended September 30, 2020: △2,516 million yen ( - %)Six months ended September 30, 2019: △389 million yen ( - %)Net income per share

Six months ended
September 30, 2020
September 30, 2019

Diluted net income per share
YenYen△ 241.11
5.04

5.00

(2) Consolidated Financial Position
Total assets

Net assetsMillions of yen

As of September 30, 2020
As of March 31, 2020
(Reference) Shareholders' equity

Shareholders' equity ratio

Net assets per share％

Millions of yen

61,251
28,17263,60831,289As of September 30, 2020: 26,766 million yen

Yen

43.7
3,352.50
46.9
3,686.97
As of March 31, 2020: 29,827 million yen

2. Dividends
1st quarter2nd quarter

Yen

Dividend per share
3rd quarter

Yen

Year end

Yen

Fiscal year ended March 31, 2020
20.00
Fiscal year ending March 31, 2021
0.00
Fiscal year ending March 31, 2021 (forecast)(Note) The dividend forecast for the fiscal year ending March 31, 2021 has not been determined at this time.

Full year
YenYen

55.00

75.00

--

3. Forecasts of Consolidated Earnings For the Year Ending March 31, 2021 (April 1, 2020 to March 31, 2021)(Percentage figures represent year-on-year changes)

Net sales

Ordinary income％Millions of yen％

Millions of yen％

Millions of yen％

Yen

43,500 △ 20.7

△ 1,400-△ 1,000-△ 2,000-△ 248.01

Millions of yen

Full year

Operating income

Net income attributable
Net income per shareto owners of parent(Note) Changes in the latest forecasts released: Yes

* Notes(1) Changes in significant subsidiaries during the six months ended September 30, 2020: 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: None
2) Other changes in accounting policies: None
3) Changes in accounting estimates: None
4) Restatement of corrections: None
(4) Number of shares outstanding (common stock)1) Number of outstanding share at theAs of September 30,8,374,157 As of March 31, 20202020
end of the period (including treasury stocks)2) Number of treasury stock at the end of the period

As of September 30,2020

3) Average number of shares outstanding
during the period

Six months ended
September 30, 2020

8,374,157

390,030 As of March 31, 2020

284,205

Six months ended
September 30, 2019

8,224,223

8,064,187* This report is not subject to audit procedures by certified public accountants or auditing firm.
* 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.