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Noritake Co., Limited

Noritake Co., Limited

5331.T
Noritake Co., LimitedJP flagTokyo Stock Exchange
3,985.00
JPY
-90.00
- -
219.16BMarket Cap
Noritake Co., Limited
5331.T
(Tokyo Stock Exchange)

Recent

price

3,985.00

P/E

ratio

- -

div

yld

- -

ROIC.AI

2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
TTM
FRC
1,865.15
1,828.51
1,512.73
1,503.43
1,723.96
1,908.75
1,894.69
2,053.49
2,189.38
2,094.09
1,854.03
2,210.77
2,416.18
2,381.38
2,404.22
2,566.46
1,213.36
Revenue per Share
32.89
79.96
27.56
22.26
35.84
76.82
71.52
233.89
168.93
59.29
48.62
157.06
173.63
198.23
225.13
254.62
98.08
Basic EPS, GAAP
70.3
-11.72
-43.18
-26.67
5.64
24.37
100.06
92.9
50.61
19.34
-9.13
138.8
-96.5
288.76
-83.43
-73.13
- -
Free Cash Flow per Basic Share
12.53
16.25
19.8
17.75
14.99
14.99
15.13
15.27
20.33
25.38
20.31
25.36
43.23
59.69
66.32
76.4
- -
Dividend per Share
865.32
938.81
835.57
846.61
894.15
956.16
1,010.81
1,182.23
1,330.18
1,360.95
1,386.54
1,517.51
1,655.34
1,788.75
1,929.16
2,098.83
1,857.93
Book Value per Share
1,144.94
1,222.65
1,108.09
1,166.9
1,419.27
1,367.84
1,498.5
1,774.74
1,847.55
1,780.9
1,950.39
2,030.1
2,200.24
2,521.49
2,584.34
2,964.3
2,537.63
Tangible Book Value per Share
56
56
60
59
57
57
57
57
57
58
58
58
58
58
57
56
58
Basic Weighted Avg Shares
105,378
102,151
90,235
88,687
99,038
109,631
108,808
117,928
125,802
120,611
107,000
127,641
139,494
137,912
138,182
142,908
70,353
Sales/Revenue/Turnover
4.11
1.84
0.07
0.89
2.21
3.15
2.87
4.32
5.95
3.49
2.39
7.33
6.43
7.77
7.39
7.78
8.27
Operating Margin (%)
3,677
3,460
3,429
2,905
3,673
4,147
4,026
4,030
4,057
4,442
4,784
4,704
4,773
4,809
5,125
5,612
- -
Depreciation Expense
1,858
4,467
1,644
1,313
2,059
4,412
4,107
13,432
9,707
3,415
2,806
9,068
10,024
11,480
12,939
14,178
5,687
Net Income, GAAP
32.97
16.69
35.02
48.59
32.06
17.4
16.36
15.94
19.13
28.27
30.4
20.9
20.11
25.11
25
26.55
27.22
Effective Tax Rate (%)
1.76
4.37
1.82
1.48
2.08
4.02
3.77
11.39
7.72
2.83
2.62
7.1
7.19
8.32
9.36
9.92
8.08
Profit Margin (%)
39,703
39,293
25,613
22,215
24,369
25,747
28,627
30,145
37,653
33,698
35,242
38,426
46,473
54,860
53,334
50,936
55,293
Working Capital
20,200
20,200
15,297
13,812
15,277
13,474
13,018
320
975
915
905
- -
- -
- -
- -
- -
- -
LT Debt
65,428
68,896
66,578
69,214
82,815
79,763
87,124
103,025
107,348
103,756
113,985
118,798
128,961
147,969
150,861
167,736
149,251
Total Equity
3.32
1.74
0.05
0.44
1.42
2.55
2.37
3.72
5.19
2.67
1.52
5.91
5.3
5.4
4.88
4.73
2.82
Return on Invested Capital (%)
1.75
5.04
2.08
1.92
2.63
4.92
4.54
15.72
11.13
3.77
3.09
9.76
9.83
10.6
11.49
11.45
5.16
Return on Capital (%)
3.85
8.82
3.21
2.63
4.06
8.3
7.27
21.33
13.45
4.41
3.54
10.82
10.94
11.53
12.07
12.45
5.48
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Mar'24
Jun'25
Sep'25
ST Debt
2,721
- -
4,159
LT Borrowings
- -
- -
- -
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
58
- -
58
Market Capitalization
123,912
115,529
113,210

Working Capital

FRC

•

in mil. unless spec.
Mar'24
Jun'25
Sep'25
Total Current Assets
96,576
- -
89,712
Cash, Cash Equivalents & STI
21,343
- -
16,467
Accounts Receivable, Net
30,475
- -
29,392
Inventories
35,788
- -
35,575
Total Current Liabilities
41,716
- -
34,419
Payables & Accruals
- -
- -
- -
ST Debt
2,721
- -
4,159
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
7.88%
8.13%
11.19%
Free Cash Flow
-228.53%
-466.83%
-15.08%
Net Income, GAAP
38.03%
54.1%
9.58%
Sales/Revenue/Turnover
3%
6.21%
3.42%
Total Cash Common Dividend
19.61%
31.15%
11.59%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
33,463
34,096
36,336
34,017
137,912
2025
- -
- -
- -
- -
138,182
2026
- -
- -
- -
- -
142,908

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
52.62
- -
- -
- -
198.23
2025
- -
- -
- -
- -
225.13
2026
- -
- -
- -
- -
254.62

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
59.69
2025
- -
- -
- -
- -
66.32
2026
- -
- -
- -
- -
76.4
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Business
Noritake Co., Limited engages in the global development and sale of industrial solutions, advanced ceramic materials, specialized engineering systems, and elegant tabletop items. The company delivers industrial products such as high-performance abrasive wheels, diamond and CBN tooling, and sophisticated grinding and polishing materials, vital for sectors like automotive manufacturing, steel production, and bearing industries. Within its ceramics and materials division, Noritake offers electronic pastes for multi-layered components, advanced thick film circuit boards, vacuum fluorescent displays, and ceramic cores essential for applications spanning electronics, medical instrumentation, and aerospace. The engineering segment designs and produces various manufacturing equipment, including mixing devices for chemical, pharmaceutical, and food processing, as well as filtration technologies for grinding operations and heating systems for electronic parts and energy-related fields. Furthermore, the company continues its heritage in tabletop products, providing exquisite tableware for diverse dining settings. Recently, Noritake announced strategic initiatives to enhance profitability through a company split, reorganizing certain display and circuit board operations under a subsidiary. It also introduced an innovative PFAS removal system utilizing fine bubbles, demonstrating its commitment to environmental solutions. Founded in 1904, Noritake Co., Limited maintains its headquarters in Nagoya, Japan.