1st Quarter Results

    RNS Number : 0826B
  Nipro Corporation
  11 August 2008
   

 Summary Report of Consolidated Financial Results  
 For the Three Months Period ended June 30, 2008   
 (Year ending March 31, 2009)                      
                                    August 11, 2008
    **********************************  
    Company name: NIPRO CORPORATION**   *    TSE/OSE-1st section
    **Code No.8086  URL:    http://www.nipro.co.jp/*                     *
    Representative:     Minoru Sano, President and Representative Director
    Contact:    Akihiko Yamabe, Director, General Manager of Accounting & Corporate Planning Division
    Scheduled date of quarterly annual report filing: August 14, 2008     TEL: [phone]
       
    ******************************(Note: Amounts are truncated to one million yen)
    1. Financial results for the three months ended June 30, 2008.(From April 1, 2008 to June 30, 2008)
     (1) Consolidated Results of Operations   (Note: The % displays show increase/decrease ratio against the same period of the previous
year.)
                                   Net Sales          Operating Income      Recurring Income        Net(Quarter)       
                                                                                                       Income
                              Millions of yen    %  Millions of yen    %  Millions of yen    %  Millions of yen    %
 3 months ended June 30,2008     42,525          -      3,469          -      5,163          -       2,734         -
 3 months ended June 30,2007     41,376     (21.1)      3,757      (5.2)      4,684       38.3       2,964      82.5

                                 Earnings      Diluted Earnings   
                                 per Share         per Share
 3 months ended June 30,2008       43.10  Yen       -    Yen
 3 months ended June 30,2007       46.69            -          

     (2) Consolidated Financial Position
                               Total Assets      Net Assets     Equity Ratio   Net Assets     
                                                                                per Share
                              Millions of yen  Millions of yen             %            Yen
 3 months ended June 30,2008          341,186          119,352          34.6       1,858.07
    Year ended March 31,2008          349,302          119,544          33.8       1,861.79
        (Notes) Shareholders' equity  3 months ended June 30, 2008 117,912 million yen, Year ended March 31, 2008  118,155 million yen

    2. Dividends
                                 End of  End of  End of  Year end  Annual total
                                  1st     2nd     3rd                   of
                                 Quarte  Quarte  Quarte             dividends
                                   r       r       r
                                    yen     yen     yen       yen           yen
 Year ended March 31,2008             -   28.00       -      9.50         37.50
 Year ending March 31,2009            -   -----   -----     -----         -----
 Year ending March                -----   21.00   -----     28.00         49.00
 31,2009(Projection)

    3. Projected Consolidated Financial Results for the Year ending March 31, 2009 (From April 1, 2008 to March 31, 2009)
    ********************      (Note: % shows increase/decrease ratio against March 31, 2008)
                                Net Sales      Operating        Recurring       Net Income    Earnings 
                                                 Income           Income                      Per Share
                              Millions    %  Millions      %  Millions     %  Millions     %        Yen
                                of yen         of yen           of yen          of yen
 6 months ending Sep.30,2008    88,400    -     5,800      -     4,900     -     2,700     -      42.54
   Year ending March 31,2009   184,000  6.9    12,800  (6.4)    11,200  15.8     6,100  37.0      96.10

    4. Others
     (1) Change in significant subsidiaries during the period ended June 30, 2008(Resulting in a change in scope of consolidation): None
     (2) Adoption of accounting treatments simplified and unique for preparation of quarterly consolidated financial statements: Yes
     (3) Change in policies and procedures for accounting treatment of preparation of quarterly consolidated financial reports (to be
stipulated
       in significant matters for preparation of quarterly consolidated financial reports: Yes
       [1] Change for revision of accounting standards: Yes                         [2] Change for other than [1]: Yes
     (4) Issued shares (Common stock)
    
                                   3 months ended June 30,2008  Year ended March 31, 2008
 [1] Number of issued shares at                     63,878,505          63,878,505 shares
 end of the period                                      shares
 [2] Number of treasury stock                   419,200 shares             415,037 shares
 at end of the period
 [3] Number of average shares                63,462,347 shares          63,483,532 shares
 during the period

*Disclaimer for appropriate use of forecasted financial results, and other special notes
1. The projection figures shown above are based on information that was available at the time of preparation and, therefore, actual
performance and other factors may differ from these projections due to changes in circumstances and other developments. More information
concerning these forecasts can be found on page 4. [Qualitative information, financial reports and others] 4. Qualitative information on the
projected consolidated financial results, in the attachments.
2. We have adopted *Accounting standards for quarterly financial reporting*(Accounting Standards Board of Japan(ASBJ), statement No.12,
issued on March 14, 2007) and *Implementation guidance of accounting standards for quarterly financial reporting*(ASBJ guidance No.14,
issued on March 14, 2007) * from this consolidated accounting period as well as prepared the quarterly consolidated financial reports in
conformity with *Quarterly consolidated financial reporting regulation(Cabinet decree No.64 of year 2007).

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