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NORITAKE, Apr-Dec (Cumulative 3Q) Ordinary Profit Increases by 1%

Wed Feb 5, 2025 2:00 pm JST Earnings

5331 NORITAKE CO., LIMITED 【J-GAAP】

Earnings Report

NORITAKE CO., LIMITED <5331> [TSE Prime] announced its financial results in the afternoon session on February 5th (14:00). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2025 (April to December) was 11.1 billion yen, a 0.9% increase compared to the same period last year. The progress rate toward the full-year plan of 14.5 billion yen was 76.6%, also surpassing the five-year average of 70.5%.

Based on the cumulative third-quarter performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the January to March period (4Q) is expected to decrease 6.7% from the same period last year to 3.39 billion yen.

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit decreased to 3.88 billion yen, a 3.9% decrease compared to the same period last year. The operating profit margin worsened from 8.7% in the same period last year to 7.6%.

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Actual Results

Accumulated Results 3rd Quarter
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Progress Rate vs. First Half Announce Accounting Standards
Apr - Dec, 2022 103,935 6,956 9,785 8,585 297.4 78.9 Feb 2, 2023 J-GAAP
Apr - Dec, 2023 103,895 8,052 11,005 9,077 313.6 75.2 Feb 7, 2024 J-GAAP
Apr - Dec, 2024 104,997 8,113 11,105 9,196 318.8 76.6 Feb 5, 2025 J-GAAP
YoY +1.1% +0.8% +0.9% +1.3% +1.7%

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Oct - Mar, 2023 70,353 5,820 7,684 5,687 196.4 65 May 9, 2024 J-GAAP
Oct - Mar, 2024 Guidance 71,211 5,556 7,282 5,951 209.8 65 Nov 7, 2024 J-GAAP
YoY +1.2% -4.5% -5.2% +4.6% +6.8%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 139,494 8,969 12,405 10,024 347.3 102.50 May 11, 2023 J-GAAP
Mar, 2024 137,912 10,709 14,643 11,480 396.5 125 May 9, 2024 J-GAAP
Mar, 2025 Guidance 141,000 11,000 14,500 12,000 423.0 130 May 9, 2024 J-GAAP
YoY +2.2% +2.7% -1.0% +4.5% +6.7%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2023 36,336 3,163 4,046 3,284 113.5 8.7 Feb 7, 2024 J-GAAP
Jan - Mar, 2024 34,017 2,657 3,638 2,403 83.0 7.8 May 9, 2024 J-GAAP
Apr - Jun, 2024 34,812 2,617 3,955 3,247 112.0 7.5 Aug 6, 2024 J-GAAP
Jul - Sep, 2024 34,977 2,827 3,263 2,802 96.7 8.1 Nov 7, 2024 J-GAAP
Oct - Dec, 2024 35,208 2,669 3,887 3,147 109.1 7.6 Feb 5, 2025 J-GAAP
YoY -3.1% -15.6% -3.9% -4.2% -3.9%

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