Noritake Co. Ltd. reported consolidated and non-consolidated earnings results for the first quarter ended June 30, 2017. For the quarter, on consolidated basis, the company reported net sales of JPY 28,209 million against JPY 25,938 million a year ago. Operating profit was JPY 1,062 million against JPY 402 million a year ago. Ordinary profit was JPY 1,600 million against JPY 836 million a year ago. Profit before income taxes was JPY 1,747 million against JPY 751 million a year ago. Profit attributable to owners of parent was JPY 1,379 million or JPY 96.11 per share against JPY 392 million or JPY 27.33 per share a year ago.

For the half year of fiscal 2018, the company expects net sales of JPY 55,000, operating income of JPY 1,400 million, ordinary income of JPY 2,200 million and profit attributable to owners of parent of JPY 1,800 or JPY 125.38 per share.

For the fiscal 2018, the company expects net sales of JPY 111,000, operating income of JPY 3,200 million, ordinary income of JPY 4,800 million and profit attributable to owners of parent of JPY 14,000 or JPY 975.16 per share.

The company expects to pay interim dividend of JPY 30.00 per share against JPY 3.00 per share paid for the same period a year ago.

The company expects to pay year end dividend of JPY 30.00 per share against JPY 30.00 per share paid for the same period a year ago.

For the first quarter of fiscal 2018, the company reported impairment loss of JPY 69 million.