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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.

The world economy during the first quarter of fiscal 2018 has been recovering moderately especially in the U.S., Europe and Asian emerging countries including China although the future of the world economy is unclear because of policy uncertainty in China and U.S. and trade issues between these countries. In Japan, the personal consumption showed signs of recovery on the back of the improvement in the employment rate and in personal income, allowing recovery to proceed at a moderate rate.

In the automotive industry which is of central importance to our Group, the number of automobiles produced worldwide has been increasing owing to the growing demand in the emerging countries including China while a demand in the U.S. has been decreasing.

Under these conditions, 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 net sales will be 57.0 billion yen, our operating income will be 4.1 billion yen, our ordinary income also will be 4.1 billion yen, and our net income attributable to owners of the parent company will be 2.4 billion yen.

In our seventh mid-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

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