Final Results

RNS Number:3282D
Nipro Corporation
22 May 2006


Consolidated Financial Statements                                May 19,2006
For the year ended March 31, 2006

Company name: NIPRO CORPORATION      Stock Exchange listed:     Tokyo and Osaka
Code No:  8086                       Head office location:      Osaka, Japan
(URL: http://www.nipro.co.jp/)

Representative:     Minoru Sano, President and Representative Director
Contact:            Akihiko Yamabe, Director, 
                    General Manager of Accounting and Corporative 
                    Planning Division
                    TEL [phone]

Date of the meeting of the Board of Directors for approval of the financial
statements: May 19, 2006

Name of related company: Sanri Kosan Co., Ltd. (Code no: N/A)

Percentage of voting rights of Nipro Corporation held by related company: 20.6%
Adoption of U.S. GAAP: N/A

1. Consolidated Results for the Year ended March 31, 2006 
   (From April 1, 2005 to March 31, 2006)

(1) Consolidated Results of Operations   
   (Note: Amounts are truncated to 1 million yen)

               Net Sales           Operating Income        Recurring Income   

          Millions of yen    %  Millions of yen     %   Millions of yen      %

 Year                                                                          
 ended          206,801    7.5        12,331     18.5         12,228     40.8 
 March                                                                         
 31,                                                                           
 2006                                                                          

 Year                                                                          
 ended          192,320    1.9        10,404     (17.1)        8,685     (8.9) 
 March                                                                         
 31,                                                                           
 2005                                                                          



       Net Income       Earnings   Diluted   Ratio of Net  Ratio of    Ratio of 
                          per      Earnings   Income to    Recurring   Recurring 
                         Share       per    Shareholders'  income to   Income to 
                                    share       Equity       Total    Net Scales 
                                                             Assets             
                                                                
         Millions     %     Yen        Yen              %         %          % 
          of yen

 Year                                                                          
 ended    4,512   (0.1)    69.57        -             4.3       3.9       5.9 
 March                                                                         
 31,                                                                           
 2006                                                                          

 Year                                                                          
 ended    4,518    7.2     69.37        -             4.7       3.0       4.5 
 March                                                                         
 31,                                                                           
 2005                                                                          

Notes: 1. Equity in loss of affiliate:
          Year ended March 31, 2006:   (702) million yen  
          Year ended March 31, 2005:   (741) million yen
       2. The weighted average number of outstanding shares for the period
          (consolidated) :
          Year ended March 31, 2006:   63,548,846 shares
          Year ended March 31, 2005:   63,596,799 shares
       3. Change in accounting method: Adoption
       4. Percentages in the above table for Net Sales, Operating Income,
          Recurring Income and Net Income represent changes from the previous
          fiscal year.

(2) Consolidated Financial Position

           Total Assets     Shareholders'        Ratio of          Shareholder' 
                               Equity       Shareholders,  Equity   Equity per  
                                              to Total Assets        Share     

          Millions of yen  Millions of yen                     %            Yen

 Year                                                                          
 ended            338,740          112,390                  33.2       1,767.69
 March                                                                         
 31,                                                                           
 2006                                                                          

 Year                                                                          
 ended            293,748           96,700                  32.9       1,519.58
 March                                                                         
 31,                                                                           
 2005                                                                          

Note: The number of outstanding shares at the end of the period(consolidated):
      Year ended March 31,2006:   63,528,916 shares 
      Year ended March 31, 2005:  63,565,537 shares

(3) Consolidated Cash Flows

          Cash flows from   Cash flows from   Cash flows from   Cash and cash  
             operating         investing         financing       equivalents   
            activities        activities        activities                     

           Millions of yen   Millions of yen   Millions of yen  Millions of yen

 Year                                                                          
 ended               6,701          (27,555)            15,712           49,914
 March                                                                         
 31,                                                                           
 2006                                                                          

 Year                                                                          
 ended              17,375          (12,627)             7,088           53,734
 March                                                                         
 31,                                                                           
 2005                                                                          

(4) Matters related to scope of consolidation and application of equity method

    Number of consolidated subsidiaries:                               19
    Number of unconsolidated subsidiaries accounted for 
      by the equity method:                                             0
    Number of affiliate company accounted for by the equity method:     1

(5) Change of reporting entities

    Number of consolidated companies
                       Added:     4                  Removed:     0

    Number of companies accounted for by the equity method
                       Added:     0                  Removed:     0

2. Projected Consolidated Financial Results for the Year ending March 31, 2007 
   (From April 1, 2006 to March 31, 2007)

                             Net Sales      Recurring Income     Net Income    

                           Millions of yen    Millions of yen  Millions of yen 

 Six months ending Sept.                                                       
 30, 2006                          104,000              4,800            2,250 

 Year ending March 31,                                                         
 2007                              212,000             11,400            6,000 

(Reference) Projected earnings per share for the year ending 
            March 31, 2007: 93.01 yen

* The projections shown above are prepared based on information available as
  of the issuing date of this report.  The actual results may differ from the
  projected figures due to various factors.








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