Promotion of the company business structural reform
    - "Kindness" and "Happiness" to the world - 



To our shareholders and investors, I would like to thank you for your continued sincere support to Nippon Piston Ring Co., Ltd.

The Japanese economy last year was assisted by the correction of the strong yen, rising share prices and so on, which boosted business confidence. On the other hand, the global economy remained uncertain due to the prolonged debt issue in European countries and slowing growth of developing countries such as China.

In the automobile industry that the NPR Group is involved in, Japanese automakers have been gradually increasing their overseas production, and the correction of the yen has enabled exports of automobiles to recover. However, domestic automobile production was 4.74 million units, a drop of 3.4% compared to the same period last year.

The NPR Group reviewed and eliminated unprofitable products, and sales revenues rose 3.4% to