Noritake Co. Ltd. reported consolidated and non-consolidated earnings results for the year ended March 31, 2017. For the year, on consolidated basis, the company reported net sales of JPY 108,808 million against JPY 109,631 million a year ago. Operating income was JPY 3,119 million against JPY 3,448 million a year ago. Ordinary income was JPY 4,861 million against JPY 4,780 million a year ago. Profit attributable to owners of parent was JPY 4,107 million or JPY 286.12 per share against JPY 4,412 million or JPY 307.32 per share a year ago. Return on average share holders' equity was 5.1% against 5.7% a year ago. Net cash provided by operating activities was JPY 9,128 million against JPY 6,114 million a year ago. Profit before income taxes was JPY 5,263 million against JPY 5,684 million a year ago. Purchase of property, plant and equipment and intangible assets was JPY 3,382 million against JPY 4,714 million a year ago.

For the year, on non-consolidated basis, the company reported net sales of JPY 61,037 million against JPY 60,102 million a year ago. Operating loss was JPY 1,018 million against JPY 915 million a year ago. Ordinary profit was JPY 1,128 million against JPY 1,022 million a year ago. Profit was JPY 1,773 million or JPY 123.53 per share against JPY 1,923 million or JPY 133.97 per share a year ago.

For the half year 2018, the company expects net sales of JPY 55,000 million, 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 million or JPY 125.39 per share.

For the fiscal year 2018, the company expects net sales of JPY 111,000 million, 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 million or JPY 975.25 per share.