Nippon Piston Ring : Financial Information update

(Percentage figures represent year-on-yearchanges)

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
Code Number	6461
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
Telephone	[phone]

Scheduled submission date of quarterly financial statements	November 13, 2020
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)

(1) Consolidated Operating Results

Net sales

Operating income

Ordinary income

Net income attributable to

owners of parent

Six months ended

Millions of yen

％

Millions of yen

％

Millions of yen

％

Millions of yen

％

September 30, 2020

19,629

28.0

△

1,487

△

-

△

1,249

△

-

△

1,944

△

-

September 30, 2019

27,264

△

4.5

352

83.0

339

83.7

41

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		Diluted net income per share
Six months ended	△		Yen		Yen
September 30, 2020	241.11		-
September 30, 2019		5.04		5.00
(2) Consolidated Financial Position
	Total assets			Net assets	Shareholders' equity ratio	Net assets per share
	Millions of yen		Millions of yen		％	Yen
As of September 30, 2020	61,251		28,172	43.7	3,352.50
As of March 31, 2020	63,608		31,289	46.9	3,686.97

(Reference) Shareholders' equity

As of September 30, 2020: 26,766 million yen

As of March 31, 2020: 29,827 million yen

2. Dividends

Dividend per share

1st quarter

2nd quarter

3rd quarter

Year end

Full year

Yen

Yen

Yen

Yen

Yen

Fiscal year ended March 31, 2020

-

20.00

-

55.00

75.00

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.

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

Operating income

Ordinary income

Net income attributable

Net income per share

to owners of parent

Millions of yen

△

％

Millions of yen

％

Millions of yen

％

Millions of yen

％

△

Yen

Full year

43,500

20.7

△

1,400

-

△

1,000

-

△

2,000

-

248.01

(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 the
   end of the period (including treasury stocks)
2. Number of treasury stock at the end of the period
3. Average number of shares outstanding during the period

As of September 30,	8,374,157	As of March 31, 2020	8,374,157
2020
As of September 30,	390,030	As of March 31, 2020	284,205
2020
Six months ended	8,064,187	Six months ended	8,224,223
September 30, 2020	September 30, 2019

• 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 and assumptions which are deemed reasonable at present. Please note that a variety of factors could cause actual results to differ from the forecasts.