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

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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	5,557	7,283	5,952	209.8	65	Nov 7, 2024	J-GAAP
YoY	+1.2%	-4.5%	-5.2%	+4.7%	+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	3,954	3,247	112.0	7.5	Aug 6, 2024	J-GAAP
Jul - Sep, 2024	34,977	2,826	3,263	2,801	96.7	8.1	Nov 7, 2024	J-GAAP
Oct - Dec, 2024	35,208	2,670	3,888	3,148	109.1	7.6	Feb 5, 2025	J-GAAP
YoY	-3.1%	-15.6%	-3.9%	-4.1%	-3.8%