Announcement • May 15
NPR-Riken Corporation, Annual General Meeting, Jun 26, 2026 NPR-Riken Corporation, Annual General Meeting, Jun 26, 2026. Announcement • May 09
NPR-Riken Corporation to Report Fiscal Year 2026 Results on May 15, 2026 NPR-Riken Corporation announced that they will report fiscal year 2026 results on May 15, 2026 Upcoming Dividend • Mar 23
Upcoming dividend of JP¥115 per share Eligible shareholders must have bought the stock before 30 March 2026. Payment date: 25 June 2026. Payout ratio is a comfortable 31% and this is well supported by cash flows. Trailing yield: 4.4%. Within top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (2.8%). Reported Earnings • Feb 14
Third quarter 2026 earnings released: EPS: JP¥137 (vs JP¥134 in 3Q 2025) Third quarter 2026 results: EPS: JP¥137 (up from JP¥134 in 3Q 2025). Revenue: JP¥41.3b (down 4.4% from 3Q 2025). Net income: JP¥3.68b (up 2.3% from 3Q 2025). Profit margin: 8.9% (up from 8.3% in 3Q 2025). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has increased by 46% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Dec 27
NPR-Riken Corporation to Report Q3, 2026 Results on Feb 13, 2026 NPR-Riken Corporation announced that they will report Q3, 2026 results on Feb 13, 2026 Declared Dividend • Dec 16
First half dividend of JP¥85.00 announced Shareholders will receive a dividend of JP¥85.00. Ex-date: 30th March 2026 Payment date: 25th June 2026 Dividend yield will be 3.9%, which is higher than the industry average of 2.7%. Sustainability & Growth Dividend is well covered by both earnings (31% earnings payout ratio) and cash flows (33% cash payout ratio). The dividend has increased by an average of 8.4% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 40% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • Nov 18
Second quarter 2026 earnings released: EPS: JP¥138 (vs JP¥55.00 in 2Q 2025) Second quarter 2026 results: EPS: JP¥138 (up from JP¥55.00 in 2Q 2025). Revenue: JP¥40.4b (down 7.3% from 2Q 2025). Net income: JP¥3.72b (up 151% from 2Q 2025). Profit margin: 9.2% (up from 3.4% in 2Q 2025). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has increased by 41% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Sep 27
NPR-Riken Corporation to Report Q2, 2026 Results on Nov 14, 2025 NPR-Riken Corporation announced that they will report Q2, 2026 results on Nov 14, 2025 Announcement • Aug 05
NPR-Riken Corporation to Report Q1, 2026 Results on Aug 08, 2025 NPR-Riken Corporation announced that they will report Q1, 2026 results on Aug 08, 2025 Announcement • Jul 09
Npr-Riken Corporation Announces Closure of Michigan Manufacturing Plant of Npr of America, Inc NPR-RIKEN CORPORATION announced that it has resolved, at an extraordinary board of directors meeting held on July 9, 2025, to close the Michigan Manufacturing Plant of group company, NPR of America, Inc. In First Medium-Term Management Plan, company aim to create synergies through business integration, exploring and implementing various measures for both sales expansion and cost reduction. As part of these efforts, company have determined that transferring the production functions of the Michigan Manufacturing Plant to other sites will enable to optimize production. Consequently, company decided to cease production at and close the plant. Overview of the Michigan Manufacturing Plant. Location: Grand Haven, Michigan, USA. Start of Operations: 2004.Products: Valve Seat Inserts. Number of Employees: Approximately 70 (Reference) Overview of NPR of America, Inc. Head Office: Bardstown, Kentucky, USA. Capital: $40 USD. Ownership: 100% owned by Nippon Piston Ring Co. Ltd. Schedule (Planned). End of Production: November 2025. Complete plant closure: September 2026. Expiration of Plant Lease Agreement: February 2027. Declared Dividend • Jul 09
Final dividend of JP¥45.00 announced Shareholders will receive a dividend of JP¥45.00. Ex-date: 29th September 2025 Payment date: 8th December 2025 Dividend yield will be 5.4%, which is higher than the industry average of 2.7%. Sustainability & Growth Dividend is well covered by both earnings (5% earnings payout ratio) and cash flows (36% cash payout ratio). The dividend has increased by an average of 8.0% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 13% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • Jun 27
Full year 2025 earnings released: EPS: JP¥323 (vs JP¥1,092 in FY 2024) Full year 2025 results: EPS: JP¥323 (down from JP¥1,092 in FY 2024). Revenue: JP¥170.3b (up 23% from FY 2024). Net income: JP¥8.76b (down 67% from FY 2024). Profit margin: 5.1% (down from 19% in FY 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 52% per year but the company’s share price has only increased by 26% per year, which means it is significantly lagging earnings growth. New Risk • May 20
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 5.1% Last year net profit margin: 19% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Profit margins are more than 30% lower than last year (5.1% net profit margin). Reported Earnings • May 20
Full year 2025 earnings released: EPS: JP¥323 (vs JP¥1,092 in FY 2024) Full year 2025 results: EPS: JP¥323 (down from JP¥1,092 in FY 2024). Revenue: JP¥170.3b (up 23% from FY 2024). Net income: JP¥8.76b (down 67% from FY 2024). Profit margin: 5.1% (down from 19% in FY 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 52% per year but the company’s share price has only increased by 28% per year, which means it is significantly lagging earnings growth. Announcement • May 15
NPR-Riken Corporation, Annual General Meeting, Jun 24, 2025 NPR-Riken Corporation, Annual General Meeting, Jun 24, 2025. Valuation Update With 7 Day Price Move • Apr 04
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to JP¥2,173, the stock trades at a trailing P/E ratio of 2.3x. Average trailing P/E is 10x in the Auto Components industry in Japan. Total returns to shareholders of 116% over the past three years. Announcement • Apr 03
NPR-Riken Corporation to Report Fiscal Year 2025 Results on May 15, 2025 NPR-Riken Corporation announced that they will report fiscal year 2025 results on May 15, 2025 Upcoming Dividend • Mar 21
Upcoming dividend of JP¥85.00 per share Eligible shareholders must have bought the stock before 28 March 2025. Payment date: 24 June 2025. Payout ratio is a comfortable 4.9% and this is well supported by cash flows. Trailing yield: 5.6%. Within top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (3.3%). Reported Earnings • Feb 16
Third quarter 2025 earnings released: EPS: JP¥134 (vs JP¥115 in 3Q 2024) Third quarter 2025 results: EPS: JP¥134 (up from JP¥115 in 3Q 2024). Revenue: JP¥43.1b (down 3.2% from 3Q 2024). Net income: JP¥3.59b (up 11% from 3Q 2024). Profit margin: 8.3% (up from 7.2% in 3Q 2024). Over the last 3 years on average, earnings per share has increased by 67% per year but the company’s share price has only increased by 25% per year, which means it is significantly lagging earnings growth. Announcement • Dec 04
NPR-Riken Corporation to Report Q3, 2025 Results on Feb 14, 2025 NPR-Riken Corporation announced that they will report Q3, 2025 results on Feb 14, 2025 Announcement • Oct 01
NPR-Riken Corporation to Report Q2, 2025 Results on Nov 14, 2024 NPR-Riken Corporation announced that they will report Q2, 2025 results on Nov 14, 2024 Reported Earnings • Aug 13
First quarter 2025 earnings released: EPS: JP¥88.66 (vs JP¥76.26 in 1Q 2024) First quarter 2025 results: EPS: JP¥88.66 (up from JP¥76.26 in 1Q 2024). Revenue: JP¥41.1b (up 62% from 1Q 2024). Net income: JP¥2.45b (up 60% from 1Q 2024). Profit margin: 6.0% (in line with 1Q 2024). Over the last 3 years on average, earnings per share has increased by 67% per year but the company’s share price has only increased by 22% per year, which means it is significantly lagging earnings growth. New Risk • Aug 05
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Japanese stocks, typically moving 6.3% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (6.3% average weekly change). Large one-off items impacting financial results. Shareholders have been diluted in the past year (26% increase in shares outstanding). Valuation Update With 7 Day Price Move • Aug 05
Investor sentiment deteriorates as stock falls 23% After last week's 23% share price decline to JP¥2,104, the stock trades at a trailing P/E ratio of 2.1x. Average trailing P/E is 8x in the Auto Components industry in Japan. Total returns to shareholders of 84% over the past three years. Announcement • Jul 04
NPR-Riken Corporation to Report Q1, 2025 Results on Aug 09, 2024 NPR-Riken Corporation announced that they will report Q1, 2025 results on Aug 09, 2024 Reported Earnings • Jun 26
Full year 2024 earnings released: EPS: JP¥1,092 (vs JP¥216 in FY 2023) Full year 2024 results: EPS: JP¥1,092 (up from JP¥216 in FY 2023). Revenue: JP¥138.6b (up 60% from FY 2023). Net income: JP¥26.3b (up JP¥22.0b from FY 2023). Profit margin: 19% (up from 5.0% in FY 2023). Over the last 3 years on average, earnings per share has increased by 61% per year but the company’s share price has only increased by 31% per year, which means it is significantly lagging earnings growth. Reported Earnings • May 20
Full year 2024 earnings released: EPS: JP¥1,092 (vs JP¥216 in FY 2023) Full year 2024 results: EPS: JP¥1,092 (up from JP¥216 in FY 2023). Revenue: JP¥138.6b (up 60% from FY 2023). Net income: JP¥26.3b (up JP¥22.0b from FY 2023). Profit margin: 19% (up from 5.0% in FY 2023). Over the last 3 years on average, earnings per share has increased by 61% per year but the company’s share price has only increased by 30% per year, which means it is significantly lagging earnings growth. Announcement • May 17
NPR-Riken Corporation, Annual General Meeting, Jun 21, 2024 NPR-Riken Corporation, Annual General Meeting, Jun 21, 2024. Announcement • May 16
NPR-Riken Corporation (TSE:6209) announces an Equity Buyback for 1,700,000 shares, representing 6.04% for ¥4,000 million. NPR-Riken Corporation (TSE:6209) announces a share repurchase program. Under the program, the company will repurchase up to 1,700,000 shares, representing 6.04% of its issued share capital (excluding treasury stock), for a total purchase price of ¥4,000 million. The purpose of the program is to enhance shareholder returns and improve capital efficiency. The program will be valid till December 23, 2024. As of March 31, 2024, the company had 28,138,201 issued shares (excluding treasury stock) and 3,159 treasury shares. Announcement • Apr 05
NPR-Riken Corporation to Report Fiscal Year 2024 Results on May 15, 2024 NPR-Riken Corporation announced that they will report fiscal year 2024 results on May 15, 2024 Reported Earnings • Feb 16
Third quarter 2024 earnings released: EPS: JP¥115 (vs JP¥69.94 in 3Q 2023) Third quarter 2024 results: EPS: JP¥115 (up from JP¥69.94 in 3Q 2023). Revenue: JP¥44.6b (up 91% from 3Q 2023). Net income: JP¥3.23b (up 131% from 3Q 2023). Profit margin: 7.2% (up from 6.0% in 3Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 39% per year whereas the company’s share price has increased by 37% per year. Valuation Update With 7 Day Price Move • Dec 29
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to JP¥2,225, the stock trades at a trailing P/E ratio of 7.8x. Average trailing P/E is 10x in the Auto Components industry in Japan. Total returns to shareholders of 138% over the past three years. Announcement • Dec 28
NPR-Riken Corporation to Report Q3, 2024 Results on Feb 14, 2024 NPR-Riken Corporation announced that they will report Q3, 2024 results on Feb 14, 2024 Reported Earnings • Nov 20
Second quarter 2024 earnings released: EPS: JP¥136 (vs JP¥35.99 in 2Q 2023) Second quarter 2024 results: EPS: JP¥136 (up from JP¥35.99 in 2Q 2023). Revenue: JP¥25.9b (up 27% from 2Q 2023). Net income: JP¥2.74b (up 280% from 2Q 2023). Profit margin: 11% (up from 3.5% in 2Q 2023). Over the last 3 years on average, earnings per share has increased by 37% per year but the company’s share price has only increased by 20% per year, which means it is significantly lagging earnings growth. Announcement • Nov 01
NPR-Riken Corporation (TSE:6209) announces an Equity Buyback for 461 shares, representing 0.001642% for ¥0.79 million. NPR-Riken Corporation (TSE:6209) announces a share repurchase program. Under the program, the company will repurchase up to 461 shares, representing 0.001642% of its issues share capital (excluding treasury stocks) for ¥0.79 million. The purpose of the program is to provide the treatment of fractions less than one share due to joint stock transfer. The plan will be valid till October 31, 2023. As of October 31, 2023, the company had 28,069,394 issued shares and 461 treasury shares. New Risk • Oct 18
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 32% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 0.6% per year over the past 5 years. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Shareholders have been diluted in the past year (32% increase in shares outstanding). 
