Nippon Piston Ring : Financial Information update

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 Nine Months Ended December 31, 2022

(Under Japanese GAAP)

February 10, 2023

Company Name:	Nippon Piston Ring Co., Ltd.
Listing:	Tokyo Stock Exchange
Securities Code:	6461
URL:	https://www.npr.co.jp/
Representative:	Teruo Takahashi, President and Representative Director
Inquiries:	Takeshi Shida, General Manager, Accounting and Finance Department
Telephone:	[phone]

Scheduled date to file quarterly securities report:	February 10, 2023
Scheduled date to commence dividend payments:	-
Preparation of supplementary material on quarterly financial results: None
Holding of quarterly financial results briefing:	None

(Yen amounts are rounded down to millions, unless otherwise noted.)

1. Consolidated Financial Results For the Nine Months Ended December 31, 2022 (April 1, 2022 to December 31, 2022)
(1) Consolidated Operating Results (cumulative)					(Percentages indicate year-on-year changes.)
	Net sales		Operating profit	Ordinary profit	Profit attributable to
		owners of parent
Nine months ended	Millions of yen		％	Millions of yen	％	Millions of yen	％	Millions of yen	％
December 31, 2022	43,022		13.2	1,643	(32.1)	1,924	(27.3)	1,042	(41.0)
December 31, 2021	37,993		18.4	2,420	-	2,646	-	1,767	-

(Note) Comprehensive income:	For the nine months ended December 31, 2022: 5,060 million yen ( 28.6 %)
		For the nine months ended December 31, 2021: 3,936 million yen ( - %)
	Basic earnings per share	Diluted earnings per share
Nine months ended		Yen	Yen
December 31, 2022		134.45	133.70
December 31, 2021		229.64	228.34

(2) Consolidated Financial Position

Total assets

Net assets

Equity-to-asset ratio

Net assets per share

Millions of yen

Millions of yen

％

Yen

As of December 31, 2022

72,531

39,524

51.6

4,807.92

As of March 31, 2022

67,375

35,006

49.2

4,287.90

(Reference) Shareholders'

equity As of December 31, 2022 : 37,430 million yen

As of March 31, 2022: 33,140 million yen

2. Cash Dividends

Annual dividends per share

1st quarter-end

2nd quarter-end

3rd quarter-end

Fiscal year-end

Total

Yen

Yen

Yen

Yen

Yen

Fiscal year ended March 31, 2022

-

20.00

-

50.00

70.00

Fiscal year ending March 31, 2023

-

20.00

-

Fiscal year ending March 31, 2023 (forecast)

50.00

70.00

(Note) Revisions to the forecast of cash dividends most recently announced: None

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

Operating profit

Ordinary profit

Profit attributable to

Earnings per share

owners of parent

Millions of yen

％

Millions of yen

％

Millions of yen

％

Millions of yen

％

Yen

Full year

55,000

8.3

2,700

2.8

2,800

(8.5)

1,900

(1.5)

244.95

(Note) Revisions to the forecast of consolidated earnings most recently released:

None

* Notes

1. Changes in significant subsidiaries during this period: None
2. Adoption of accounting treatment specific to the preparation of quarterly consolidated financial statements: None
3. Changes in accounting policies, changes in accounting estimates, and restatement
4. 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

(4) Number of issued shares (common shares)

1. Total number of issued shares at the
   end of the period (including treasury shares)
2. Number of treasury shares at the end of the period
3. Average number of shares outstanding during the period (cumulative from the beginning of this fiscal year)

As of December 31,	8,374,157	As of March 31, 2022	8,374,157
2022
As of December 31,	589,088	As of March 31, 2022	645,290
2022
Nine months ended	7,756,566	Nine months ended	7,696,580
December 31, 2022	December 31, 2021

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