Noritake Co. Ltd. Reports Consolidated and Non-Consolidated Earnings Results for the Year Ended March 31, 2015; Provides Earnings and Dividend Guidance for the Six Months and Full Year 2016; Declares Cash Dividend for the Year Ended March 31, 2015, Payable on June 5, 2015
May 11, 2015
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Noritake Co. Ltd. reported consolidated and non-consolidated earnings results for the year ended March 31, 2015. For the period, on consolidated basis, the company reported net sales of JPY 99,038 million against JPY 88,687 million a year ago. Operating income was JPY 2,191 million against JPY 784 million a year ago. Ordinary income was JPY 3,389 million against JPY 1,930 million a year ago. Net income was JPY 2,059 million or JPY 14.34 per share against JPY 1,313 million or JPY 8.91 per share a year ago. Return on average share holders' equity was 2.8% against 2.0% a year ago. Net cash provided by operating activities was JPY 5,066 million against JPY 4,878 million a year ago. Income before income taxes and minority interests was JPY 3,100 million against JPY 2,484 million a year ago. Purchase of property, plant and equipment and intangible assets was JPY 4,742 million against JPY 6,451 million a year ago.
For the period, on non-consolidated basis, the company reported net sales of JPY 61,854 million against JPY 62,514 million a year ago. Operating loss was JPY 932 million against JPY 1,319 million a year ago. Ordinary income was JPY 1,221 million against JPY 260 million a year ago. Net income was JPY 919 million or JPY 6.40 per share against JPY 562 million or JPY 3.81 per share a year ago.
For the half year 2016, the company expects net sales of JPY 54,000, operating income of JPY 900 million, ordinary income of JPY 1,400 million and profit attributable to owners of parent of JPY 1,000 or JPY 6.96 per share.
For the year 2016, the company expects net sales of JPY 110,000, operating income of JPY 2,800 million, ordinary income of JPY 3,800 million and profit attributable to owners of parent of JPY 2,500 or JPY 17.41 per share.
For the six months, the company expects to pay an interim dividend of JPY 3.00 per share.
For the fiscal year 2016, the company expects to pay a cash dividend of JPY 3.00 per share.
The company declared a cash dividend of JPY 3.00 per share for the year ended March 31, 2015, payable on June 5, 2015.
NORITAKE CO., LIMITED is a company mainly engaged in the industrial equipment, tableware, ceramics materials and engineering businesses. The Company has four business segments. The Industrial Equipment segment is engaged in the manufacture and sale of abrasive wheels, diamond tools and abrasive cloth/paper. The Ceramic Materials segment is engaged in the manufacture and sale of electronic paste, ceramic materials and parts, fluorescent display tubes, as well as dental-related products. The Engineering segment is engaged in the manufacture and sale of various industrial furnaces. The Tableware segment is mainly engaged in the manufacture and sale of china tableware.
Noritake Co. Ltd. Reports Consolidated and Non-Consolidated Earnings Results for the Year Ended March 31, 2015; Provides Earnings and Dividend Guidance for the Six Months and Full Year 2016; Declares Cash Dividend for the Year Ended March 31, 2015, Payable on June 5, 2015
NORITAKE CO., LIMITED 
