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President's message

Improve corporate value through “manufacturing that adapts well to change”
~establish the foundation for Nippon Piston Ring to prosper for 100 years, through marketing and innovation~

President and Representative Director Akira Yamamoto

First, let me give my thanks to you, our shareholders and investors, for the special support you continually give to the Nippon Piston Ring Group.

In fiscal 2017, the world economy has recovered overall so that future growth is expected, thanks to steady recovery in Europe and America, and also movement toward recovery in China and other Asian countries. In Japan, improvement in the employment rate and in personal income has continued, allowing recovery to proceed at a moderate rate.

In the automotive industry which is of central importance to our Group, production in Japan and the emerging countries of Asia including China improved to exhibit steady growth, and the number of automobiles produced worldwide grew moderately.

Under these conditions, our Group has expanded sales of its mainstay products, piston rings and valve sheet inserts, as well as other products, by making and acting on proposals for new technology in these products to meet environmental regulations. We thus achieved sales of 55.932 billion yen, 7.3% higher than the previous year and a new record for our Group.

Looking at our profits and losses, despite the rises in the cost of raw materials, the effect of increased production and cost reduction enabled operating profit to rise 20.2% over the previous year to 3.89 billion yen, an operating profit rate of 7.0% that reaches the target set in our 6th medium term business plan. Favorable exchange rates enabled our ordinary profit to increase 44.5% over the previous year to 4.189 billion yen. However, profit for the year attributable to owners of the parent company fell by 5.3% year on year to 2.286 billion yen due to extraordinary losses and temporary increase in income taxes-deferred.

Our Group is continuing to make progress in increasing sales to domestic and overseas automobile manufacturers and in reducing costs through innovative manufacturing, and as a result we estimate that for fiscal 2018, our sales will be 57.0 billion yen, our operating profit will be 4.1 billion yen, our ordinary profit also will be 4.1 billion yen, and our profit for the year attributable to owners of the parent company will be 2.4 billion yen.

In our 7th medium term business plan which ends in fiscal 2020, in order to accelerate the growth of our businesses under the basic policy, Improve corporate value through “manufacturing that adapts well to change” ~ establish the foundation for Nippon Piston Ring to prosper for 100 years, through marketing and innovation ~", we shall expand our business by increasing sales that is oriented to making and using technical proposals for our existing products and new products, strengthen our competitiveness with innovative manufacturing methods, and continuously work to develop new products from a long-term perspective. The strategies that have priority are as follows.

  • (1) Increase sales that is oriented to making and using technical proposals, both domestically and abroad
  • (2) Strive for innovative manufacturing
  • (3) Strengthen new product development
  • (4) Strive for the world’s highest quality, by strengthening human resources development
  • (5) Continue to promote Corporate Social Responsibility activities

In the future, we shall keep striving to increase our Group’s corporate value, and accordingly I humbly request your deeper understanding and stronger support of our efforts.

Akira Yamamoto
President

Financial Data

Transition of Achievements (Consolidated)

Sales
Sales
Business profit
Business profit
Ordinary profit
Ordinary profit
Current net profit
Current net profit
Achievements in the Last 5 Years

(Updated: May 11,2018)

By term 118th
term
119th
term
120th
term
121st
term
122st
term
Item Unit FY2013 FY2014 FY2015 FY2016 FY2017
Consolidated Sales Million
yen
50,430 51,657 52,199 52,121 55,932
Business
profit
Million
yen
1,759 1,946 2,549 3,238 3,890
Ordinary
profit
Million
yen
1,733 2,172 2,442 2,898 4,189
Current
net profit
Million
yen
1,352 2,173 1,605 2,415 2,286
Number of
employees
Persons 2,610 2,764 2,796 2,918 2,996
Nonconsolidated Sales Million
yen
36,343 37,312 34,238 33,429 35,238
Business
profit
Million
yen
646 801 197 161 1,374
Ordinary
profit
Million
yen
1,597 2,297 1,176 1,101 2,788
Current
net profit
Million
yen
1,413 2,219 1,043 960 2,779
Number of
employees
Persons 637 649 662 673 683
Stock price Term high Yen 231 267 257 2,675 2,647
Year and
month
Month 2014
January
2015
March
2015
June
2017
March*
2017
May
Term low Yen 152 164 1,357 1,301 2,101
Year and
month
Month 2013
September
2014
May
2016
February
2016
April
2018
February

Note:As of October 1, 2015 implemented a reverse stock split of 1 for 10 and changed the trading unit of the common stock from 1,000 to 100.

Financial Reports

Statement of accounts

By term 118th term 119th term 120th term 121st term 122nd term
Fiscal year FY2013 FY2014 FY2015 FY2016 FY2017
Overview of
achievements in the
full year
PDF PDF PDF PDF PDF
Overview of
achievements in the
third quarter
PDF PDF PDF PDF PDF
Overview of
achievements in the
second quarter
PDF PDF PDF PDF PDF
Overview of
achievements in the first
quarter
PDF PDF PDF PDF PDF

PDF:Sorry,only in Japanese.

Annual securities repoot

By term 118th term 119th term 120th term 121st term 122nd term
Fiscal year FY2013 FY2014 FY2015 FY2016 FY2017
Overview of
achievements in the
full year
PDF PDF PDF PDF -
Overview of
achievements in the
third quarter
PDF PDF PDF PDF PDF
Overview of
achievements in the
second quarter
PDF PDF PDF PDF PDF
Overview of
achievements in the first
quarter
PDF PDF PDF PDF PDF

PDF:Sorry,only in Japanese.

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