1st Quarter Results

RNS Number:8771B
Nipro Corporation
10 August 2007



Summary Report of Consolidated Financial Results
For the Three Months Period ended June 30, 2007 (Year ending March 31, 2008)


                                                                 August 10, 2007

Company name: NIPRO CORPORATION                Code No.8086  TSE/OSE 1st section

                                                   URL: http://www.nipro.co.jp/

Representative:Minoru Sano, President and Representative Director

Contact:               Akihiko Yamabe, Director, General Manager of Accounting &
                                                     Corporate Planning Division
                                                            TEL: [phone]


                                (Note: Amounts are truncated to one million yen)

1.  Financial results for the three months ended June 30, 2007.(From April 1,
2007 to June 30, 2007)

 (1) Consolidated Results of Operations

                  Net Sales      Operating     Recurring      Net(Quarter)
                                  Income         Income         Income
                  Millions       Millions      Millions       Millions
                    of yen  %      of yen  %     of yen  %      of yen  %
3 months ended    
June30,2007       41,376 (21.1)   3,757  (5.2)  4,684  38.3    2,964  82.5
3 months ended    
June 30,2006      52,461   5.0    3,963  12.0   3,387  (4.4)   1,624  54.1
Year ended
March 31,2007    184,362     -   13,053     -  11,355     -    8,555     -

                                   Earnings          Diluted Earnings
                                  per Share              per Share
                                     Yen                   Yen

3 months ended June 30,2007           46.69                 -
3 months ended June 30,2006           25.57                 -
Year ended March 31,2007             134.71                 -

Note: The % displays show increase/decrease ratio against the same period of
 the previous year.


 (2) Consolidated Financial Position
               Total Assets     Net Assets   Equity Ratio    Net Assets per
                                                                 Share
                    Millions        Millions         %             Yen
                     of yen          of yen
3 months ended
June 30,2007        344,868         129,468        37.1         2,017.58
3 months ended
June 30,2006        324,688         111,152        33.6         1,715.15
Year ended
March 31,2007       336,659         127,020        37.3         1,979.21



 (3) Consolidated Cash Flows
              Cash flows from  Cash flows from  Cash flows from    Cash and
                 operating        investing        financing         cash
                 activities       activities       activities     equivalents
3 months     Millions of yen  Millions of yen  Millions of yen  Millions of yen
ended    
June 30,2007        (2,023)          (8,087)          (2,875)           33,365
3 months
ended
June 30,2006         4,626           (4,986)         (12,859)           36,772
                                                                
Year ended
March 31,2007       14,488           (2,924)         (15,654)           46,109


2.  Projected Consolidated Financial Results for the Year ending March 31, 2008
(From April 1, 2007 to March 31, 2008)

The figures of the projected consolidated financial results for the year ending
March 31, 2008 (From April 1, 2007 to March 31, 2008) or for the six-month
period ending September 30, 2007, announced on May 18, 2007, have not been
changed.


3.  Others


(1) Change in significant subsidiaries during the year ended June 30, 2007
(Resulting in a change in scope of consolidation): None

(2) Adoption of simplified accounting treatments: None


(3) Difference in the method of accounting treatment from the most recent fiscal
year: None


* Disclaimer regarding projection information including appropriate use of
forecasted financial results, and other special notes

  The projection figures shown above are based on information that was available
 at the time of preparation and may contain certain uncertainties. Actual
 performance and other factors may differ from these projections due to changes
 in circumstances and other developments. 


(Qualitative information, financial statements and others)


1. Qualitative information on the consolidated results of operation


  The situation of Japanese economy for this three-month period generally
remained in the trend of gradual expansion due to the steady individual
consumptions and capital investments, while we were afraid of a negative impact
from the continuous high oil prices and the rise of the interest rate. Under
such situation, we have made effort to reinforce our production capacity and
selling capability to enhance our revenues.

  As a result, net sales for the three months ended June 30, 2007 was 41,376
million yen, decreased by 21.1% from the same period of the previous fiscal year
due to no sales from store business, which had the sales of 16,127 million yen
in the same period of the previous fiscal year but we withdrew from the retail
division in the previous fiscal period. The sales of Medical Equipment business
was 26,440 million increased by 17.1% from the same period of the previous
fiscal year, the sales of Pharmaceutical business was 12,060 million yen
increased by 22.1% from the same period of the previous fiscal year, the sales
of Glass and Materials business was 2,660 million yen decreased by 25.0% from
the same period of the previous fiscal year, and the sales of other business was
215 million yean decrease by 35.6% from the same period of the previous fiscal
year.

  Operating income decreased by 5.2% from the same period of the previous fiscal
year to 3,757 million yen, while recurring income increased by 38.3% from the
same period of the previous fiscal year to 4,684 million yen due to the accrual
of foreign exchange gain and net quarter income increased by 82.5% from the same
period of the previous fiscal year to 2,964 million yen.


2. Qualitative information on the consolidated financial position

  Total assets increased by 8,209 million yen to 344,868 million yen from the
end of previous fiscal year. Current assets decreased by 7,916 million yen and
fixed assets increased by 16,125 million yen from the end of previous fiscal
year. Current assets decreased mainly due to the decrease of 12,746 million yen
in the cash on hand in banks and fixed assets decreased mainly due to the
increase of 12,559 million yen in the tangible fixed assets.

  Total liabilities increased by 5,761 million yen to 215,400 million yen.
Current liabilities increased by 16,327 million yen and fixed liabilities
decreased by 10,565 million yen. Current liabilities increased mainly due to
increase of 10,000 million yen in current portion of bonds and fixed liabilities
decreased mainly due to decrease of 10,000 million yen in bonds.

  Net assets increased by 2,447 million yen to 129,468 million yen from the end
of previous fiscal year.


3. Qualitative information on the state of the consolidated cash flow

  Cash flow used in operating activities amounted to 2,023 million yen mainly
reflecting income taxes paid, cash flow used in investing activity amounted to
8,087 million yen mainly due to payments for acquisition of fixed assets for
8,324 million yen, and cash flow used in financing activities also amounted to
2,875 million yen of payment exceeds mainly due to repayment of long-term
borrowings. As a result, cash and cash equivalents at the end of the period
amounted to 33,365 million yen decreased by 12,744 million yen from the end of
previous fiscal year.


4. Qualitative information on the projected consolidated financial
results

 The business environment is anticipated to remain severe due to worry about
rise of oil prices and increase of interest rates. We, however, continuously
endeavor to develop new products, as well as to reinforce the production
capacity and selling capability in order to enhance our revenues.

 Thus, the figures of the projected consolidated financial results for the year
ending March 31, 2008 (From April 1, 2007 to March 31, 2008) announced on May
18, 2007, have not been changed.


5. Others

(1) Change in significant subsidiaries during the year ended June 30, 2007
(Resulting in a change in scope of consolidation): None

(2) Adoption of simplified accounting treatments: None

(3) Difference in the method of accounting treatment from the most recent fiscal
year: None




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