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, 2022
(Under Japanese GAAP)May 13, 2022
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 28, 2022
Scheduled date of annual general meeting of shareholders
June 29, 2022
Scheduled date to commence dividend payments
June 28, 2022
Scheduled date to file annual securities report
Preparation of supplementary material on financial results
None
Holding of financial results briefing:
Yes (Video will be posted on the Company’s website.)(Yen amounts are rounded down to millions, unless otherwise noted.)

1. Consolidated Financial Results For the Fiscal Year Ended March 31, 2022 (April 1, 2021 to March 31, 2022)(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
Fiscal year ended
March 31, 2022
50,783
12.2
2,627
3,058
March 31, 2021
45,276△ 17.5△ 165355(Note) Comprehensive income:Fiscal year ended March 31, 2022: 5,016 million yen ( ―%)Fiscal year ended March 31, 2021: △121 million yen ( ―%)Basic earnings
per share

Diluted earnings
per share(2) Consolidated Financial Position
Total assets

Net assets

Millions of yen

As of March 31, 2022
As of March 31, 2021
(Reference) Equity

Millions of yen％

1,928
△ 813-Ratio of ordinary
profit to total assets

Return on equity

Yen
Yen
Fiscal year ended
March 31, 2022
250.40248.99March 31, 2021
△ 102.56(Reference) Share of profit (loss) of entities accounted for using equity method
For the fiscal year ended March 31, 2022: ― million yen
For the fiscal year ended March 31, 2021: ― million yen

％

759.7
△ 80.0%%%6.2△ 2.84.7
0.65.2△ 0.4

Equity-to-asset ratio

Net assets per share％

Millions of yen

67,37561,809As of March 31, 2022: 33,140 million yen

Ratio of operating
profit to net sales

Yen

35,00649.2
30,26746.4
As of March 31, 2021: 28,690 million yen

4,287.90
3,740.29(3) Consolidated Cash Flows
Cash flows fromoperating activities
Fiscal year ended
March 31, 2022
March 31, 2021

Cash flows frominvesting activities

Cash flows fromfinancing activities

Millions of yen

Millions of yen

Millions of yen

Millions of yen

6,498
4,358

△ 3,079△ 3,489△ 2,511596

5,9894,766

2. Cash Dividends

Ratio ofPayout ratio dividends to net(Consolidated)assets
Total(Consolidated)
Yen Millions of yen％％

Annual dividends per shareFirstSecondThird
Fiscalquarter-end quarter-end quarter-end year-end
Fiscal year ended March 31, 2021
Fiscal year ended March 31, 2022
Fiscal year ending March 31, 2023
(forecast)

Cash and cash equivalentat end of period

Total cash
dividends(Total)

Yen

Yen

Yen

Yen-

0.00
20.00

-

20.00
50.00

20.00
70.00

-

20.00

-

50.00

70.00

15956028.0

0.5
1.7-3. Forecasts of Consolidated Earnings For the Year Ending March 31, 2023 (April 1, 2022 to March 31, 2023)(Percentage figures represent year-on-year changes)

Net sales
Millions of yen

Full year

55,000Operating profit％ Millions of yen

8.3

2,700％ Millions of yen

2.8

2,800

Basic earnings
per share

Profit attributable toowners of parent

Ordinary profit％ Millions of yen△ 8.5

1,900％

Yen△ 1.5

246.64

* 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: None
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, 2022 8,374,157 As of March 31, 2021
end of the period (including treasury shares)
2) Number of treasury shares at the end of the period645,290 As of March 31, 2021
As of March 31, 2022
3) Average number of shares outstanding during
the period

Fiscal Year ended
March 31, 2022

7,703,450

Fiscal Year ended
March 31, 2021

8,374,157
703,426
7,929,479(Reference) Overview of non-consolidated financial results
1. Non-Consolidated Financial Results For the Year Ended March 31, 2022 (April 1, 2021 to March 31, 2022)(Percentage figures represent year-on-year changes)(1) Non-Consolidated Operating Results
Net sales
Fiscal year ended
March 31, 2022
March 31, 2021

％ Millions of yenMillions of yen

33,05627,090
Basic earnings
per share

Fiscal year ended
March 31, 2022
March 31, 2021

Operating profit
22.0△ 21.817△ 1,071

YenYen146.26△ 84.69

145.43-％

Millions of yen％--

1,126
△ 671

-Net assets

Millions of yen

57,53856,137
As of March 31, 2022: 31,627 million yen

Profit％ Millions of yen

Diluted earnings
per share(2) Non-Consolidated Financial Position
Total assets
As of March 31, 2022
As of March 31, 2021
(Reference) Equity

Ordinary profit
994
△ 413

Equity-to-asset ratio

Millions of yenNet assets per share％

31,69455.0
30,12953.6
As of March 31, 2021: 30,062 million yen

Yen

4,092.12
3,919.12* 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.