Interim Results

RNS Number:6012U
Nipro Corporation
24 November 2005


Consolidated Financial Statements                         November  21, 2005
For the Six-Month Period ended September 30, 2005
(Fiscal Year Ending 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:                           November 21, 2005
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 Six months ended September 30, 2005 (From
      April 1, 2005 to Sep. 30, 2005)
(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    %  
  Six months    
  ended Sep.30,                   
  2005                   101,952  6.6             6,195  2.9             6,206  11.0  

  Six months   
  ended Sep.30, 
  2004                    95,683  4.0             6,019  6.0             5,589  32.0  

  Year ended    
  March 31, 2005         192,320                 10,404                  8,685  

                                Net Income           Earnings                   Diluted Earnings
                                                     per Share                       per Share    
                            Millions of yen     %                Yen                      Yen
          
  Six months ended Sep.30,             2,034  (46.1)           32.01                       -
  2005                       

  Six months ended Sep.30,             3,776   100.1           59.37                       -
  2005           

  Year ended March 31, 2005            4,518                   69.37                       -

Notes:1.  Equity in loss of affiliate:
                 Six months ended Sep.30, 2005:  (319) million yen
         Six months  ended Sep.30, 2004: (382) million yen
           Year ended March 31, 2005:     (741) million yen
      2. The weighted average number of outstanding shares for the period
                  (consolidated) :
         Six months ended  Sep.30, 2005:   63,559,272 shares
                  Six months ended Sep.30, 2004:    63,607,103 shares
         Year ended March 31,  2005:       63,596,799 shares
      3. Accounting method:                           Changed
      4. Percentages in the above table for Net Sales, Operating Income,
                  Recurring Income and Net Income represent changes from the 
                  corresponding six  month period of the previous fiscal year.

(2) Consolidated Financial Position

                  Total        Shareholders'         Ratio of          Shareholders' Equity 
                 Assets           Equity           Shareholders'       per Share            
                                                  Equity to Total   
                                                     Assets            
                 Millions          Millions
                  of yen            of yen               %               Yen
  Six months
  ended     
  Sep.30,         301,248          101,790             33.8             1,601.76
  2005      

  Six months
  ended     
  Sep.30,         283,150           93,652              33.1              1,472.64
  2004      

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

Note:The number of outstanding shares at the end of the period
          (consolidated):
     Six months ended  Sep.30, 2005:  63,549,130 shares
          Six months ended Sep.30, 2004:  63,594,527 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
  Six    
  months 
  ended             2,391              (13,106)             (6,138)               37,460
  Sep.30,
  2005   

  Six    
  months 
  ended             7,494               (4,772)               4,774               49,825
  Sep.30,
  2004   

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

(4) Matters related to scope of consolidation and application of equity method
     Number of consolidated subsidiaries:  18
    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:  3  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,  2006
     (From April 1, 2005 to March 31, 2006)

                        Net Sales          Recurring Income      Net Income         
                        Millions of yen    Millions of yen       Millions of yen   
  Year ending March 31,
  2006                          205,000              10,500                4,400  

(Reference) Projected earnings per share for the year ending March 31, 2006:
                        67.55 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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