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NORITAKE, Ordinary Profit Forecast for the Fiscal Year Revised Upward to an Unexpected 3% Increase, Dividend Revised Upward by 20 Yen

Fri Nov 7, 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 November 7th (14:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2026 (April to September) decreased 7.7% from the same period last year to 6.66 billion yen.

However, the full-year forecast for consolidated ordinary profit has been revised upward 16.0%, from the previous forecast of 12.5 billion yen to 14.5 billion yen (compared to 14.0 billion yen in the previous period), turning to a 3.4% increase in the consolidated ordinary profit outlook.

Based on the first-half performance announced by the company and the full-year plan, our calculation indicates that the consolidated ordinary profit for the October to March period (second half) is expected to grow 15.1% from the same period last year, reaching 7.83 billion yen.

In light of the strong performance, the company has increased its planned annual dividend for the current fiscal year from the original plan of 140 yen to 160 yen (compared to 135 yen in the previous period).

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit amounted to 3.35 billion yen, an increase of 2.7% compared to the same period last year. However, the operating profit margin worsened from 8.1% in the same period last year to 7.3%.

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Actual Results

Accumulated Results 2nd Quarter
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Progress Rate vs. First Half Announce Accounting Standards
Apr - Sep, 2023 67,559 4,889 6,959 5,793 200.3 47.5 Nov 7, 2023 J-GAAP
Apr - Sep, 2024 69,789 5,444 7,218 6,049 208.8 51.5 Nov 7, 2024 J-GAAP
Apr - Sep, 2025 68,314 4,741 6,664 5,421 192.7 46.0 Nov 7, 2025 J-GAAP
YoY -2.1% -12.9% -7.7% -10.4% -7.7%

First Half Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Apr - Sep, 2025 Guidance 67,000 3,600 5,200 4,500 163.9 70 May 9, 2025 J-GAAP
Apr - Sep, 2025 Results 68,314 4,741 6,664 5,421 192.7 80 Nov 7, 2025 J-GAAP
Revision Rate +2.0% +31.7% +28.2% +20.5% +17.6%

Guidance Update

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2026 Prev 138,000 9,000 12,500 10,500 381.9 140 May 9, 2025 J-GAAP
Mar, 2026 New 141,000 10,500 14,500 12,000 436.4 160 Nov 7, 2025 J-GAAP
Revision Rate +2.2% +16.7% +16.0% +14.3% +14.3%

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Oct - Mar, 2024 68,393 4,769 6,810 6,890 239.8 70 May 9, 2025 J-GAAP
Oct - Mar, 2025 Guidance 72,686 5,759 7,836 6,579 239.3 80 Nov 7, 2025 J-GAAP
YoY +6.3% +20.8% +15.1% -4.5% -0.2%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 137,912 10,709 14,643 11,480 396.5 125 May 9, 2024 J-GAAP
Mar, 2025 138,182 10,213 14,028 12,939 450.3 135 May 9, 2025 J-GAAP
Mar, 2026 Guidance 141,000 10,500 14,500 12,000 436.4 160 Nov 7, 2025 J-GAAP
YoY +2.0% +2.8% +3.4% -7.3% -3.1%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
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
Jan - Mar, 2025 33,185 2,100 2,923 3,743 130.3 6.3 May 9, 2025 J-GAAP
Apr - Jun, 2025 33,443 2,188 3,312 2,466 86.9 6.5 Aug 7, 2025 J-GAAP
Jul - Sep, 2025 34,871 2,553 3,352 2,955 105.0 7.3 Nov 7, 2025 J-GAAP
YoY -0.3% -9.7% +2.7% +5.5% +8.6%

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