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, 2019
[Japanese Accounting Standards]
November 13, 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
November 13, 2019
Scheduled submission date of quarterly financial statements
December 5, 2019Scheduled 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, 2019 (April 1, 2019 to September 30, 2019)(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, 2019
September 30, 2018

Millions of yen％Millions of yen％

Millions of yen％

Millions of yen％

27,26428,537△ 4.5
3.73522,070△ 83.0
37.1

339
2,084

△ 83.723.9

411,194△ 96.5
3.3(Note) Comprehensive income:Six months ended September 30, 2019: △389 million yen ( - %)Six months ended September 30, 2018: 182 million yen ( △ 71.1 %)Net income per share

Six months ended
September 30, 2019
September 30, 2018

Diluted net income per share
YenYen5.04
145.195.00
144.32(2) Consolidated Financial Position
Total assets

Net assets

Millions of yenAs of September 30, 2019
As of March 31, 2019
(Reference) Shareholders' equity

Shareholders' equity ratio

Net assets per share％

Millions of yen

64,37431,756
65,79332,495
As of September 30, 2019: 30,411 million yen

Yen

47.2
3,697.86
47.4
3,789.58
As of March 31, 2019: 31,166 million yen

2. Dividends
1st quarter
Fiscal year ended March 31, 2019
Fiscal year ending March 31, 2020
Fiscal year ending March 31, 2020 (forecast)(Note) Changes in the latest forecasts released: None

2nd quarter

Dividend per share
3rd quarter

Year end

Full yearYen

Yen

Yen

Yen

Yen

0.00
0.00

30.00
20.00

0.00

45.00

75.00

0.00

55.00

75.00

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 sales
Full year

Operating income

Millions of yen％

55,500△ 2.7

Millions of yen

Ordinary income％

1,500 △ 56.2(Note) Changes in the latest forecasts released: None

Net income attributable
Net income per shareto owners of parent

Millions of yen％

1,500 △ 55.4％

Yen700 △ 62.9

85.11

Millions of yen* Notes(1) Changes in significant subsidiaries during the six months ended September 30, 2019
(Changes in specified subsidiaries resulting in changes in 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: 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, 20192019
end of the period (including treasury stocks)2) Number of treasury stock at the end of the period

As of September 30,20193) Average number of shares outstanding
during the period

Six months ended
September 30, 20198,374,157

150,071 As of March 31, 2019

149,855

Six months ended
September 30, 2018

8,224,425

8,224,223* 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.