View ValuationNoritake 将来の成長Future 基準チェック /16Noritake利益と収益がそれぞれ年間3.6%と1.8%増加すると予測されています。EPS は年間 減少すると予想されています。自己資本利益率は 3 年後に8.7% 33.4%なると予測されています。主要情報3.6%収益成長率-33.42%EPS成長率Machinery 収益成長24.8%収益成長率1.8%将来の株主資本利益率8.70%アナリストカバレッジLow最終更新日13 Apr 2026今後の成長に関する最新情報更新なしすべての更新を表示Recent updatesBoard Change • May 20High number of new directorsThere are 7 new directors who have joined the board in the last 3 years. Senior Managing Executive Officer, GM of Industrial Equipment Div. & Director Tomoaki Maeda was the last director to join the board, commencing their role in 2025. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.お知らせ • May 13Noritake Co., Limited, Annual General Meeting, Jun 25, 2026Noritake Co., Limited, Annual General Meeting, Jun 25, 2026.お知らせ • May 09Noritake Co., Limited to Report Fiscal Year 2026 Results on May 12, 2026Noritake Co., Limited announced that they will report fiscal year 2026 results on May 12, 2026お知らせ • Nov 27Noritake Co., Limited to Report Q3, 2026 Results on Feb 10, 2026Noritake Co., Limited announced that they will report Q3, 2026 results on Feb 10, 2026お知らせ • Aug 20Noritake Co., Limited to Report Q2, 2026 Results on Nov 07, 2025Noritake Co., Limited announced that they will report Q2, 2026 results on Nov 07, 2025お知らせ • Aug 07Noritake Co., Limited (TSE:5331) announces an Equity Buyback for 1,000,000 shares, representing 3.52% for ¥4,450 million.Noritake Co., Limited (TSE:5331) announces a share repurchase program. Under the program, the company will repurchase 1,000,000 shares, representing 3.52% of its share capital, for ¥4,450 million. The shares will be repurchased at a price of ¥4,450 per share. The program will expire on August 8, 2025. As of June 30, 2025, the company had 28,392,249 shares in issue(excluding treasury stock) and 642,149 shares in treasury.お知らせ • Jul 11Noritake Co., Limited to Report Q1, 2026 Results on Aug 07, 2025Noritake Co., Limited announced that they will report Q1, 2026 results at 2:10 PM, Tokyo Standard Time on Aug 07, 2025お知らせ • May 09Noritake Co., Limited, Annual General Meeting, Jun 26, 2025Noritake Co., Limited, Annual General Meeting, Jun 26, 2025.お知らせ • Mar 27Noritake Co., Limited to Report Fiscal Year 2025 Results on May 09, 2025Noritake Co., Limited announced that they will report fiscal year 2025 results on May 09, 2025お知らせ • Nov 27Noritake Co., Limited to Report Q3, 2025 Results on Feb 05, 2025Noritake Co., Limited announced that they will report Q3, 2025 results on Feb 05, 2025Reported Earnings • Nov 10Second quarter 2025 earnings released: EPS: JP¥96.79 (vs JP¥95.02 in 2Q 2024)Second quarter 2025 results: EPS: JP¥96.79 (up from JP¥95.02 in 2Q 2024). Revenue: JP¥35.0b (up 2.6% from 2Q 2024). Net income: JP¥2.80b (up 1.7% from 2Q 2024). Profit margin: 8.0% (down from 8.1% in 2Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 3.5% p.a. on average during the next 3 years, compared to a 4.5% growth forecast for the Machinery industry in Germany. Over the last 3 years on average, earnings per share has increased by 12% per year whereas the company’s share price has increased by 11% per year.Upcoming Dividend • Sep 20Upcoming dividend of JP¥65.00 per shareEligible shareholders must have bought the stock before 27 September 2024. Payment date: 09 December 2024. Payout ratio is a comfortable 62% and this is well supported by cash flows. Trailing yield: 3.4%. Lower than top quartile of German dividend payers (4.8%). In line with average of industry peers (3.6%).New Risk • Sep 16New major risk - Financial data availabilityThe company has not reported any financial data. This is considered a major risk. With no or incomplete audited reported financial data, it is virtually impossible to assess the company's investment potential. Currently, the following risks have been identified for the company: Major Risk No financial data reported. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past.お知らせ • Aug 22Noritake Co., Limited to Report Q2, 2025 Results on Nov 07, 2024Noritake Co., Limited announced that they will report Q2, 2025 results on Nov 07, 2024Reported Earnings • Aug 08First quarter 2025 earnings released: EPS: JP¥112 (vs JP¥105 in 1Q 2024)First quarter 2025 results: EPS: JP¥112 (up from JP¥105 in 1Q 2024). Revenue: JP¥34.8b (up 4.0% from 1Q 2024). Net income: JP¥3.25b (up 6.8% from 1Q 2024). Profit margin: 9.3% (up from 9.1% in 1Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 3.4% p.a. on average during the next 3 years, compared to a 4.5% growth forecast for the Machinery industry in Germany. Over the last 3 years on average, earnings per share has increased by 18% per year whereas the company’s share price has increased by 13% per year.お知らせ • Aug 07Noritake Co., Limited (TSE:5331) announces an Equity Buyback for 750,000 shares, representing 2.59% for ¥2,500 million.Noritake Co., Limited (TSE:5331) announces a share repurchase program. Under the program, the company will repurchase 750,000 shares, representing 2.59% of its share capital, for ¥2,500 million. The purpose of the program is to increase corporate value by enhancing shareholder returns and improving capital efficiency. All repurchased shares will be cancelled. The program will expire on February 14, 2025. As of June 30, 2024, the company had 28,998,941 shares in issue(excluding treasury stock) and shares in treasury.Buy Or Sell Opportunity • Aug 05Now 26% undervalued after recent price dropOver the last 90 days, the stock has fallen 15% to €20.00. The fair value is estimated to be €27.06, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 8.4% over the last 3 years. Earnings per share has grown by 26%. For the next 3 years, revenue is forecast to grow by 3.4% per annum. Earnings are also forecast to grow by 12% per annum over the same time period.Declared Dividend • Jul 11Final dividend of JP¥65.00 announcedShareholders will receive a dividend of JP¥65.00. Ex-date: 27th September 2024 Payment date: 9th December 2024 Dividend yield will be 281%, which is higher than the industry average of 2.6%. Sustainability & Growth Dividend is well covered by both earnings (45% earnings payout ratio) and cash flows (23% cash payout ratio). The dividend has increased by an average of 16% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to decline by 29% over the next 3 years. However, it would need to fall by 50% to increase the payout ratio to a potentially unsustainable range.Reported Earnings • Jun 28Full year 2024 earnings released: EPS: JP¥793 (vs JP¥347 in FY 2023)Full year 2024 results: EPS: JP¥793 (up from JP¥347 in FY 2023). Revenue: JP¥137.9b (down 1.1% from FY 2023). Net income: JP¥11.5b (up 14% from FY 2023). Profit margin: 8.3% (up from 7.2% in FY 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 3.4% p.a. on average during the next 3 years, compared to a 4.5% growth forecast for the Machinery industry in Germany. Over the last 3 years on average, earnings per share has increased by 39% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth.お知らせ • Jun 10Noritake Co., Limited to Report Q1, 2025 Results on Aug 06, 2024Noritake Co., Limited announced that they will report Q1, 2025 results on Aug 06, 2024お知らせ • May 11Noritake Co., Limited, Annual General Meeting, Jun 24, 2024Noritake Co., Limited, Annual General Meeting, Jun 24, 2024.Reported Earnings • May 10Full year 2024 earnings released: EPS: JP¥793 (vs JP¥347 in FY 2023)Full year 2024 results: EPS: JP¥793 (up from JP¥347 in FY 2023). Revenue: JP¥137.9b (down 1.1% from FY 2023). Net income: JP¥11.5b (up 14% from FY 2023). Profit margin: 8.3% (up from 7.2% in FY 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 1.6% p.a. on average during the next 2 years, compared to a 4.3% growth forecast for the Machinery industry in Germany. Over the last 3 years on average, earnings per share has increased by 39% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth.お知らせ • May 10Noritake Co., Limited Resolves the Dividend, Effective Date Is June 3, 2024Noritake Co., Limited at a meeting of the Board of Directors held on May 9, 2024, resolved the Dividend of JPY 130 per share. Effective date is June 3, 2024, Record date is March 31, 2024.Buy Or Sell Opportunity • Apr 30Now 21% overvaluedThe stock has been flat over the last 90 days, currently trading at €24.00. The fair value is estimated to be €19.90, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 9.9% over the last 3 years. Earnings per share has grown by 38%. Revenue is forecast to grow by 1.4% in 2 years. Earnings are forecast to grow by 29% in the next 2 years.Upcoming Dividend • Mar 21Upcoming dividend of JP¥120 per shareEligible shareholders must have bought the stock before 28 March 2024. Payment date: 03 June 2024. Payout ratio is a comfortable 45% and this is well supported by cash flows. Trailing yield: 2.8%. Lower than top quartile of German dividend payers (4.9%). Lower than average of industry peers (3.2%).Buy Or Sell Opportunity • Mar 16Now 21% overvalued after recent price riseOver the last 90 days, the stock has risen 22% to €50.50. The fair value is estimated to be €41.83, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 9.9% over the last 3 years. Earnings per share has grown by 38%. Revenue is forecast to grow by 1.4% in 2 years. Earnings are forecast to grow by 29% in the next 2 years.お知らせ • Mar 02Noritake Co., Limited to Report Fiscal Year 2024 Results on May 09, 2024Noritake Co., Limited announced that they will report fiscal year 2024 results on May 09, 2024Buy Or Sell Opportunity • Feb 29Now 21% overvalued after recent price riseOver the last 90 days, the stock has risen 19% to €49.80. The fair value is estimated to be €41.11, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 9.9% over the last 3 years. Earnings per share has grown by 38%. Revenue is forecast to grow by 1.4% in 2 years. Earnings are forecast to grow by 29% in the next 2 years.Reported Earnings • Feb 09Third quarter 2024 earnings released: EPS: JP¥227 (vs JP¥236 in 3Q 2023)Third quarter 2024 results: EPS: JP¥227 (down from JP¥236 in 3Q 2023). Revenue: JP¥36.3b (flat on 3Q 2023). Net income: JP¥3.28b (down 3.7% from 3Q 2023). Profit margin: 9.0% (down from 9.4% in 3Q 2023). Revenue is forecast to grow 2.6% p.a. on average during the next 3 years, compared to a 3.1% growth forecast for the Machinery industry in Germany. Over the last 3 years on average, earnings per share has increased by 38% per year but the company’s share price has only increased by 22% per year, which means it is significantly lagging earnings growth.お知らせ • Dec 10Noritake Co., Limited to Report Q3, 2024 Results on Feb 07, 2024Noritake Co., Limited announced that they will report Q3, 2024 results on Feb 07, 2024Reported Earnings • Nov 08Second quarter 2024 earnings released: EPS: JP¥190 (vs JP¥172 in 2Q 2023)Second quarter 2024 results: EPS: JP¥190 (up from JP¥172 in 2Q 2023). Revenue: JP¥34.1b (down 4.2% from 2Q 2023). Net income: JP¥2.75b (up 11% from 2Q 2023). Profit margin: 8.1% (up from 7.0% in 2Q 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 2.3% p.a. on average during the next 3 years, compared to a 3.5% growth forecast for the Machinery industry in Germany. Over the last 3 years on average, earnings per share has increased by 50% per year but the company’s share price has only increased by 18% per year, which means it is significantly lagging earnings growth.Upcoming Dividend • Sep 21Upcoming dividend of JP¥115 per share at 3.6% yieldEligible shareholders must have bought the stock before 28 September 2023. Payment date: 04 December 2023. Payout ratio is a comfortable 29% but the company is not cash flow positive. Trailing yield: 3.6%. Lower than top quartile of German dividend payers (4.8%). Higher than average of industry peers (2.8%).Valuation Update With 7 Day Price Move • Aug 11Investor sentiment improves as stock rises 18%After last week's 18% share price gain to €40.00, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 10x in the Machinery industry in Germany. Total returns to shareholders of 72% over the past three years.お知らせ • Aug 10Noritake Co., Limited to Report Q2, 2024 Results on Nov 07, 2023Noritake Co., Limited announced that they will report Q2, 2024 results on Nov 07, 2023Reported Earnings • Aug 09First quarter 2024 earnings released: EPS: JP¥210 (vs JP¥187 in 1Q 2023)First quarter 2024 results: EPS: JP¥210 (up from JP¥187 in 1Q 2023). Revenue: JP¥33.5b (up 3.9% from 1Q 2023). Net income: JP¥3.04b (up 13% from 1Q 2023). Profit margin: 9.1% (up from 8.4% in 1Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 2.1% p.a. on average during the next 3 years, compared to a 3.6% growth forecast for the Machinery industry in Germany. Over the last 3 years on average, earnings per share has increased by 57% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth.お知らせ • Jun 01Noritake Co., Limited to Report Q1, 2024 Results on Aug 04, 2023Noritake Co., Limited announced that they will report Q1, 2024 results on Aug 04, 2023Reported Earnings • May 14Full year 2023 earnings released: EPS: JP¥695 (vs JP¥628 in FY 2022)Full year 2023 results: EPS: JP¥695 (up from JP¥628 in FY 2022). Revenue: JP¥139.5b (up 9.3% from FY 2022). Net income: JP¥10.0b (up 11% from FY 2022). Profit margin: 7.2% (up from 7.1% in FY 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 3.5% p.a. on average during the next 2 years, compared to a 4.4% growth forecast for the Machinery industry in Germany. Over the last 3 years on average, earnings per share has increased by 60% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth.お知らせ • May 13Noritake Co., Limited, Annual General Meeting, Jun 23, 2023Noritake Co., Limited, Annual General Meeting, Jun 23, 2023.Upcoming Dividend • Mar 23Upcoming dividend of JP¥90.00 per share at 4.0% yieldEligible shareholders must have bought the stock before 30 March 2023. Payment date: 07 June 2023. Payout ratio is a comfortable 11% but the company is paying out more than the cash it is generating. Trailing yield: 4.0%. Lower than top quartile of German dividend payers (4.7%). Higher than average of industry peers (2.9%).Reported Earnings • Feb 04Third quarter 2023 earnings released: EPS: JP¥236 (vs JP¥197 in 3Q 2022)Third quarter 2023 results: EPS: JP¥236 (up from JP¥197 in 3Q 2022). Revenue: JP¥36.1b (up 11% from 3Q 2022). Net income: JP¥3.41b (up 20% from 3Q 2022). Profit margin: 9.4% (up from 8.8% in 3Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 3.7% p.a. on average during the next 3 years, compared to a 4.3% growth forecast for the Machinery industry in Germany. Over the last 3 years on average, earnings per share has increased by 48% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings.お知らせ • Dec 09Noritake Co., Limited to Report Q3, 2023 Results on Feb 02, 2023Noritake Co., Limited announced that they will report Q3, 2023 results on Feb 02, 2023Reported Earnings • Nov 18Second quarter 2023 earnings released: EPS: JP¥172 (vs JP¥137 in 2Q 2022)Second quarter 2023 results: EPS: JP¥172 (up from JP¥137 in 2Q 2022). Revenue: JP¥35.6b (up 11% from 2Q 2022). Net income: JP¥2.48b (up 26% from 2Q 2022). Profit margin: 7.0% (up from 6.2% in 2Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 4.8% p.a. on average during the next 3 years, compared to a 3.8% growth forecast for the Machinery industry in Germany. Over the last 3 years on average, earnings per share has increased by 30% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings.Board Change • Nov 16Less than half of directors are independentNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 10 experienced directors. No highly experienced directors. 2 independent directors (4 non-independent directors). Independent Outside Director Masanao Tomozoe was the last independent director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.Reported Earnings • Nov 10Second quarter 2023 earnings released: EPS: JP¥172 (vs JP¥137 in 2Q 2022)Second quarter 2023 results: EPS: JP¥172 (up from JP¥137 in 2Q 2022). Revenue: JP¥35.6b (up 11% from 2Q 2022). Net income: JP¥2.48b (up 26% from 2Q 2022). Profit margin: 7.0% (up from 6.2% in 2Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 4.8% p.a. on average during the next 3 years, compared to a 4.0% growth forecast for the Machinery industry in Germany. Over the last 3 years on average, earnings per share has increased by 30% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings.Upcoming Dividend • Sep 22Upcoming dividend of JP¥80.00 per shareEligible shareholders must have bought the stock before 29 September 2022. Payment date: 05 December 2022. Payout ratio is a comfortable 23% and this is well supported by cash flows. Trailing yield: 3.9%. Lower than top quartile of German dividend payers (5.1%). Higher than average of industry peers (3.2%).Reported Earnings • Aug 07First quarter 2023 earnings released: EPS: JP¥187 (vs JP¥155 in 1Q 2022)First quarter 2023 results: EPS: JP¥187 (up from JP¥155 in 1Q 2022). Revenue: JP¥32.2b (up 9.2% from 1Q 2022). Net income: JP¥2.70b (up 21% from 1Q 2022). Profit margin: 8.4% (up from 7.6% in 1Q 2022). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 7.3%, compared to a 9.5% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings.お知らせ • Aug 07Noritake Co., Limited to Report Q2, 2023 Results on Nov 08, 2022Noritake Co., Limited announced that they will report Q2, 2023 results on Nov 08, 2022お知らせ • Jun 06Noritake Co., Limited to Report Q1, 2023 Results on Aug 05, 2022Noritake Co., Limited announced that they will report Q1, 2023 results on Aug 05, 2022お知らせ • May 12Noritake Co., Limited, Annual General Meeting, Jun 28, 2022Noritake Co., Limited, Annual General Meeting, Jun 28, 2022.Reported Earnings • May 11Full year 2022 earnings released: EPS: JP¥628 (vs JP¥194 in FY 2021)Full year 2022 results: EPS: JP¥628 (up from JP¥194 in FY 2021). Revenue: JP¥127.6b (up 19% from FY 2021). Net income: JP¥9.07b (up 223% from FY 2021). Profit margin: 7.1% (up from 2.6% in FY 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 4.0%, compared to a 9.0% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has fallen by 10% per year whereas the company’s share price has fallen by 9% per year.Board Change • Apr 27Less than half of directors are independentNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 11 experienced directors. No highly experienced directors. 2 independent directors (4 non-independent directors). Independent Outside Director Masanao Tomozoe was the last independent director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.お知らせ • Apr 08Noritake Co., Limited to Report Fiscal Year 2022 Results on May 10, 2022Noritake Co., Limited announced that they will report fiscal year 2022 results on May 10, 2022Upcoming Dividend • Mar 23Upcoming dividend of JP¥70.00 per shareEligible shareholders must have bought the stock before 30 March 2022. Payment date: 04 June 2022. Payout ratio is a comfortable 4.9% and this is well supported by cash flows. Trailing yield: 2.8%. Lower than top quartile of German dividend payers (3.6%). Higher than average of industry peers (1.9%).Reported Earnings • Feb 04Third quarter 2022 earnings: EPS in line with expectations, revenues disappointThird quarter 2022 results: EPS: JP¥197 (up from JP¥76.83 in 3Q 2021). Revenue: JP¥32.4b (up 20% from 3Q 2021). Net income: JP¥2.84b (up 156% from 3Q 2021). Profit margin: 8.8% (up from 4.1% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 1.1%. Over the next year, revenue is forecast to grow 6.2%, compared to a 10.0% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has fallen by 38% per year but the company’s share price has only fallen by 5% per year, which means it has not declined as severely as earnings.Reported Earnings • Nov 10Second quarter 2022 earnings released: EPS JP¥137 (vs JP¥39.43 loss in 2Q 2021)The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2022 results: Revenue: JP¥32.0b (up 31% from 2Q 2021). Net income: JP¥1.97b (up JP¥2.54b from 2Q 2021). Profit margin: 6.2% (up from net loss in 2Q 2021). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 59% per year but the company’s share price has only fallen by 6% per year, which means it has not declined as severely as earnings.Valuation Update With 7 Day Price Move • Sep 29Investor sentiment improved over the past weekAfter last week's 15% share price gain to €39.40, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 18x in the Machinery industry in Germany. Total loss to shareholders of 20% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €59.22 per share.Upcoming Dividend • Sep 22Upcoming dividend of JP¥50.00 per shareEligible shareholders must have bought the stock before 29 September 2021. Payment date: 04 December 2021. Trailing yield: 2.7%. Lower than top quartile of German dividend payers (3.2%). Higher than average of industry peers (1.0%).Reported Earnings • Aug 13First quarter 2022 earnings released: EPS JP¥155 (vs JP¥38.09 in 1Q 2021)The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2022 results: Revenue: JP¥29.5b (up 15% from 1Q 2021). Net income: JP¥2.23b (up 307% from 1Q 2021). Profit margin: 7.6% (up from 2.1% in 1Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 54 percentage points per year, which is a significant difference in performance.Reported Earnings • May 14Full year 2021 earnings released: EPS JP¥194 (vs JP¥237 in FY 2020)The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2021 results: Revenue: JP¥107.0b (down 11% from FY 2020). Net income: JP¥2.81b (down 18% from FY 2020). Profit margin: 2.6% (down from 2.8% in FY 2020). The decrease in margin was driven by lower revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 61 percentage points per year, which is a significant difference in performance.Upcoming Dividend • Mar 23Upcoming dividend of JP¥30.00 per shareEligible shareholders must have bought the stock before 30 March 2021. Payment date: 05 June 2021. Trailing yield: 1.6%. Lower than top quartile of German dividend payers (3.3%). Higher than average of industry peers (1.2%).お知らせ • Mar 13Noritake Co., Limited to Report Fiscal Year 2021 Results on May 11, 2021Noritake Co., Limited announced that they will report fiscal year 2021 results on May 11, 2021Is New 90 Day High Low • Mar 06New 90-day high: €28.80The company is up 19% from its price of €24.20 on 04 December 2020. The German market is up 7.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Machinery industry, which is up 5.0% over the same period.Reported Earnings • Feb 03Third quarter 2021 earnings released: EPS JP¥76.82 (vs JP¥89.60 in 3Q 2020)The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2021 results: Revenue: JP¥27.1b (down 7.2% from 3Q 2020). Net income: JP¥1.11b (down 14% from 3Q 2020). Profit margin: 4.1% (down from 4.4% in 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 55% per year but the company’s share price has only fallen by 13% per year, which means it has not declined as severely as earnings.Analyst Estimate Surprise Post Earnings • Feb 03Revenue beats expectationsRevenue exceeded analyst estimates by 2.4%. Over the next year, revenue is forecast to grow 4.2%, compared to a 4.9% growth forecast for the Machinery industry in Germany.Is New 90 Day High Low • Jan 28New 90-day high: €25.20The company is up 3.0% from its price of €24.40 on 30 October 2020. The German market is up 21% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Machinery industry, which is up 20% over the same period.お知らせ • Nov 29Noritake Co., Limited to Report Q3, 2021 Results on Feb 02, 2021Noritake Co., Limited announced that they will report Q3, 2021 results on Feb 02, 2021Reported Earnings • Nov 17Second quarter 2021 earnings released: JP¥39.42 loss per shareThe company reported a poor second quarter result with weaker earnings, revenues and control over expenses. Second quarter 2021 results: Revenue: JP¥24.5b (down 19% from 2Q 2020). Net loss: JP¥569.0m (down 164% from profit in 2Q 2020). Over the last 3 years on average, earnings per share has fallen by 34% per year but the company’s share price has only fallen by 16% per year, which means it has not declined as severely as earnings.Analyst Estimate Surprise Post Earnings • Nov 17Revenue misses expectationsRevenue missed analyst estimates by 3.7%. Over the next year, revenue is forecast to grow 3.2%, compared to a 3.0% growth forecast for the Machinery industry in Germany.Is New 90 Day High Low • Nov 10New 90-day low: €24.00The company is down 8.0% from its price of €26.00 on 12 August 2020. The German market is flat over the last 90 days, indicating the company underperformed over that time. It also underperformed the Machinery industry, which is up 1.0% over the same period.Analyst Estimate Surprise Post Earnings • Nov 08Revenue misses expectationsRevenue missed analyst estimates by 3.7%. Over the next year, revenue is forecast to grow 3.2% while the growth in Machinery industry in Germany is expected to stay flat.Reported Earnings • Nov 08Second quarter 2021 earnings released: JP¥39.42 loss per shareThe company reported a poor second quarter result with weaker earnings, revenues and control over expenses. Second quarter 2021 results: Revenue: JP¥24.5b (down 19% from 2Q 2020). Net loss: JP¥569.0m (down 164% from profit in 2Q 2020). Over the last 3 years on average, earnings per share has fallen by 34% per year but the company’s share price has only fallen by 14% per year, which means it has not declined as severely as earnings.お知らせ • Sep 03Noritake Co., Limited to Report Q2, 2021 Results on Nov 06, 2020Noritake Co., Limited announced that they will report Q2, 2021 results on Nov 06, 2020お知らせ • Jul 05Noritake Co., Limited to Report Q1, 2021 Results on Aug 04, 2020Noritake Co., Limited announced that they will report Q1, 2021 results on Aug 04, 2020業績と収益の成長予測DB:NO4 - アナリストの将来予測と過去の財務データ ( )JPY Millions日付収益収益フリー・キャッシュフロー営業活動によるキャッシュ平均アナリスト数3/31/2028148,10015,23010,43721,43713/31/2027143,80014,0409,17320,17313/31/2026142,90814,178-4,07210,043N/A12/31/2025137,37512,424N/AN/AN/A9/30/2025136,70712,312-5,3085,396N/A6/30/2025136,81312,158N/AN/AN/A3/31/2025138,18212,939-4,7952,015N/A12/31/2024139,01411,599N/AN/AN/A9/30/2024140,14211,7356,16911,891N/A6/30/2024139,26111,687N/AN/AN/A3/31/2024137,91211,48016,72322,036N/A12/31/2023139,45410,516N/AN/AN/A9/30/2023139,25210,6425,52711,332N/A6/30/2023140,74010,369N/AN/AN/A3/31/2023139,49410,024-5,571-213N/A12/31/2022137,68910,608N/AN/AN/A9/30/2022133,98310,0378106,024N/A6/30/2022130,3529,530N/AN/AN/A3/31/2022127,6419,0688,01412,835N/A12/31/2021123,6018,762N/AN/AN/A9/30/2021118,2707,0324,7148,472N/A6/30/2021110,7844,490N/AN/AN/A3/31/2021107,0002,806-5275,903N/A12/31/2020106,786399N/AN/AN/A9/30/2020108,885581-1,7866,662N/A6/30/2020114,5792,033N/AN/AN/A3/31/2020120,6113,4151,1148,232N/A12/31/2019122,8007,511N/AN/AN/A9/30/2019125,7568,444N/A11,667N/A6/30/2019126,9819,301N/AN/AN/A3/31/2019125,8029,707N/A8,237N/A12/31/2018124,13615,100N/AN/AN/A9/30/2018122,97815,031N/A7,070N/A6/30/2018120,29414,390N/AN/AN/A3/31/2018117,92813,432N/A9,684N/A12/31/2017117,1306,758N/AN/AN/A9/30/2017112,2985,620N/A7,170N/A6/30/2017111,0795,094N/AN/AN/A3/31/2017108,8084,107N/A9,128N/A12/31/2016108,4943,012N/AN/AN/A9/30/2016109,0482,983N/A9,080N/A6/30/2016108,8113,974N/AN/AN/A3/31/2016109,6314,412N/A6,114N/A12/31/2015108,5604,152N/AN/AN/A9/30/2015108,3503,770N/A5,338N/A6/30/2015104,2112,641N/AN/AN/Aもっと見るアナリストによる今後の成長予測収入対貯蓄率: NO4の予測収益成長率 (年間3.6% ) は 貯蓄率 ( 1.9% ) を上回っています。収益対市場: NO4の収益 ( 3.6% ) German市場 ( 17.2% ) よりも低い成長が予測されています。高成長収益: NO4の収益は増加すると予測されていますが、大幅には増加しません。収益対市場: NO4の収益 ( 1.8% ) German市場 ( 6.8% ) よりも低い成長が予測されています。高い収益成長: NO4の収益 ( 1.8% ) 20%よりも低い成長が予測されています。一株当たり利益成長率予想将来の株主資本利益率将来のROE: NO4の 自己資本利益率 は、3年後には低くなると予測されています ( 8.7 %)。成長企業の発掘7D1Y7D1Y7D1YCapital-goods 業界の高成長企業。View Past Performance企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/05/25 08:17終値2026/05/25 00:00収益2026/03/31年間収益2026/03/31データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレーク本レポートを生成するために使用した分析モデルの詳細は当社のGithubページでご覧いただけます。また、レポートの使用方法に関するガイドやYoutubeのチュートリアルも掲載しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋Noritake Co., Limited 1 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。2 アナリスト機関Yasushi MizoueTIWRyousuke KiyotaTokai Tokyo Intelligence Laboratory Co., Ltd.
Board Change • May 20High number of new directorsThere are 7 new directors who have joined the board in the last 3 years. Senior Managing Executive Officer, GM of Industrial Equipment Div. & Director Tomoaki Maeda was the last director to join the board, commencing their role in 2025. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.
お知らせ • May 13Noritake Co., Limited, Annual General Meeting, Jun 25, 2026Noritake Co., Limited, Annual General Meeting, Jun 25, 2026.
お知らせ • May 09Noritake Co., Limited to Report Fiscal Year 2026 Results on May 12, 2026Noritake Co., Limited announced that they will report fiscal year 2026 results on May 12, 2026
お知らせ • Nov 27Noritake Co., Limited to Report Q3, 2026 Results on Feb 10, 2026Noritake Co., Limited announced that they will report Q3, 2026 results on Feb 10, 2026
お知らせ • Aug 20Noritake Co., Limited to Report Q2, 2026 Results on Nov 07, 2025Noritake Co., Limited announced that they will report Q2, 2026 results on Nov 07, 2025
お知らせ • Aug 07Noritake Co., Limited (TSE:5331) announces an Equity Buyback for 1,000,000 shares, representing 3.52% for ¥4,450 million.Noritake Co., Limited (TSE:5331) announces a share repurchase program. Under the program, the company will repurchase 1,000,000 shares, representing 3.52% of its share capital, for ¥4,450 million. The shares will be repurchased at a price of ¥4,450 per share. The program will expire on August 8, 2025. As of June 30, 2025, the company had 28,392,249 shares in issue(excluding treasury stock) and 642,149 shares in treasury.
お知らせ • Jul 11Noritake Co., Limited to Report Q1, 2026 Results on Aug 07, 2025Noritake Co., Limited announced that they will report Q1, 2026 results at 2:10 PM, Tokyo Standard Time on Aug 07, 2025
お知らせ • May 09Noritake Co., Limited, Annual General Meeting, Jun 26, 2025Noritake Co., Limited, Annual General Meeting, Jun 26, 2025.
お知らせ • Mar 27Noritake Co., Limited to Report Fiscal Year 2025 Results on May 09, 2025Noritake Co., Limited announced that they will report fiscal year 2025 results on May 09, 2025
お知らせ • Nov 27Noritake Co., Limited to Report Q3, 2025 Results on Feb 05, 2025Noritake Co., Limited announced that they will report Q3, 2025 results on Feb 05, 2025
Reported Earnings • Nov 10Second quarter 2025 earnings released: EPS: JP¥96.79 (vs JP¥95.02 in 2Q 2024)Second quarter 2025 results: EPS: JP¥96.79 (up from JP¥95.02 in 2Q 2024). Revenue: JP¥35.0b (up 2.6% from 2Q 2024). Net income: JP¥2.80b (up 1.7% from 2Q 2024). Profit margin: 8.0% (down from 8.1% in 2Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 3.5% p.a. on average during the next 3 years, compared to a 4.5% growth forecast for the Machinery industry in Germany. Over the last 3 years on average, earnings per share has increased by 12% per year whereas the company’s share price has increased by 11% per year.
Upcoming Dividend • Sep 20Upcoming dividend of JP¥65.00 per shareEligible shareholders must have bought the stock before 27 September 2024. Payment date: 09 December 2024. Payout ratio is a comfortable 62% and this is well supported by cash flows. Trailing yield: 3.4%. Lower than top quartile of German dividend payers (4.8%). In line with average of industry peers (3.6%).
New Risk • Sep 16New major risk - Financial data availabilityThe company has not reported any financial data. This is considered a major risk. With no or incomplete audited reported financial data, it is virtually impossible to assess the company's investment potential. Currently, the following risks have been identified for the company: Major Risk No financial data reported. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past.
お知らせ • Aug 22Noritake Co., Limited to Report Q2, 2025 Results on Nov 07, 2024Noritake Co., Limited announced that they will report Q2, 2025 results on Nov 07, 2024
Reported Earnings • Aug 08First quarter 2025 earnings released: EPS: JP¥112 (vs JP¥105 in 1Q 2024)First quarter 2025 results: EPS: JP¥112 (up from JP¥105 in 1Q 2024). Revenue: JP¥34.8b (up 4.0% from 1Q 2024). Net income: JP¥3.25b (up 6.8% from 1Q 2024). Profit margin: 9.3% (up from 9.1% in 1Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 3.4% p.a. on average during the next 3 years, compared to a 4.5% growth forecast for the Machinery industry in Germany. Over the last 3 years on average, earnings per share has increased by 18% per year whereas the company’s share price has increased by 13% per year.
お知らせ • Aug 07Noritake Co., Limited (TSE:5331) announces an Equity Buyback for 750,000 shares, representing 2.59% for ¥2,500 million.Noritake Co., Limited (TSE:5331) announces a share repurchase program. Under the program, the company will repurchase 750,000 shares, representing 2.59% of its share capital, for ¥2,500 million. The purpose of the program is to increase corporate value by enhancing shareholder returns and improving capital efficiency. All repurchased shares will be cancelled. The program will expire on February 14, 2025. As of June 30, 2024, the company had 28,998,941 shares in issue(excluding treasury stock) and shares in treasury.
Buy Or Sell Opportunity • Aug 05Now 26% undervalued after recent price dropOver the last 90 days, the stock has fallen 15% to €20.00. The fair value is estimated to be €27.06, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 8.4% over the last 3 years. Earnings per share has grown by 26%. For the next 3 years, revenue is forecast to grow by 3.4% per annum. Earnings are also forecast to grow by 12% per annum over the same time period.
Declared Dividend • Jul 11Final dividend of JP¥65.00 announcedShareholders will receive a dividend of JP¥65.00. Ex-date: 27th September 2024 Payment date: 9th December 2024 Dividend yield will be 281%, which is higher than the industry average of 2.6%. Sustainability & Growth Dividend is well covered by both earnings (45% earnings payout ratio) and cash flows (23% cash payout ratio). The dividend has increased by an average of 16% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to decline by 29% over the next 3 years. However, it would need to fall by 50% to increase the payout ratio to a potentially unsustainable range.
Reported Earnings • Jun 28Full year 2024 earnings released: EPS: JP¥793 (vs JP¥347 in FY 2023)Full year 2024 results: EPS: JP¥793 (up from JP¥347 in FY 2023). Revenue: JP¥137.9b (down 1.1% from FY 2023). Net income: JP¥11.5b (up 14% from FY 2023). Profit margin: 8.3% (up from 7.2% in FY 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 3.4% p.a. on average during the next 3 years, compared to a 4.5% growth forecast for the Machinery industry in Germany. Over the last 3 years on average, earnings per share has increased by 39% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth.
お知らせ • Jun 10Noritake Co., Limited to Report Q1, 2025 Results on Aug 06, 2024Noritake Co., Limited announced that they will report Q1, 2025 results on Aug 06, 2024
お知らせ • May 11Noritake Co., Limited, Annual General Meeting, Jun 24, 2024Noritake Co., Limited, Annual General Meeting, Jun 24, 2024.
Reported Earnings • May 10Full year 2024 earnings released: EPS: JP¥793 (vs JP¥347 in FY 2023)Full year 2024 results: EPS: JP¥793 (up from JP¥347 in FY 2023). Revenue: JP¥137.9b (down 1.1% from FY 2023). Net income: JP¥11.5b (up 14% from FY 2023). Profit margin: 8.3% (up from 7.2% in FY 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 1.6% p.a. on average during the next 2 years, compared to a 4.3% growth forecast for the Machinery industry in Germany. Over the last 3 years on average, earnings per share has increased by 39% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth.
お知らせ • May 10Noritake Co., Limited Resolves the Dividend, Effective Date Is June 3, 2024Noritake Co., Limited at a meeting of the Board of Directors held on May 9, 2024, resolved the Dividend of JPY 130 per share. Effective date is June 3, 2024, Record date is March 31, 2024.
Buy Or Sell Opportunity • Apr 30Now 21% overvaluedThe stock has been flat over the last 90 days, currently trading at €24.00. The fair value is estimated to be €19.90, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 9.9% over the last 3 years. Earnings per share has grown by 38%. Revenue is forecast to grow by 1.4% in 2 years. Earnings are forecast to grow by 29% in the next 2 years.
Upcoming Dividend • Mar 21Upcoming dividend of JP¥120 per shareEligible shareholders must have bought the stock before 28 March 2024. Payment date: 03 June 2024. Payout ratio is a comfortable 45% and this is well supported by cash flows. Trailing yield: 2.8%. Lower than top quartile of German dividend payers (4.9%). Lower than average of industry peers (3.2%).
Buy Or Sell Opportunity • Mar 16Now 21% overvalued after recent price riseOver the last 90 days, the stock has risen 22% to €50.50. The fair value is estimated to be €41.83, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 9.9% over the last 3 years. Earnings per share has grown by 38%. Revenue is forecast to grow by 1.4% in 2 years. Earnings are forecast to grow by 29% in the next 2 years.
お知らせ • Mar 02Noritake Co., Limited to Report Fiscal Year 2024 Results on May 09, 2024Noritake Co., Limited announced that they will report fiscal year 2024 results on May 09, 2024
Buy Or Sell Opportunity • Feb 29Now 21% overvalued after recent price riseOver the last 90 days, the stock has risen 19% to €49.80. The fair value is estimated to be €41.11, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 9.9% over the last 3 years. Earnings per share has grown by 38%. Revenue is forecast to grow by 1.4% in 2 years. Earnings are forecast to grow by 29% in the next 2 years.
Reported Earnings • Feb 09Third quarter 2024 earnings released: EPS: JP¥227 (vs JP¥236 in 3Q 2023)Third quarter 2024 results: EPS: JP¥227 (down from JP¥236 in 3Q 2023). Revenue: JP¥36.3b (flat on 3Q 2023). Net income: JP¥3.28b (down 3.7% from 3Q 2023). Profit margin: 9.0% (down from 9.4% in 3Q 2023). Revenue is forecast to grow 2.6% p.a. on average during the next 3 years, compared to a 3.1% growth forecast for the Machinery industry in Germany. Over the last 3 years on average, earnings per share has increased by 38% per year but the company’s share price has only increased by 22% per year, which means it is significantly lagging earnings growth.
お知らせ • Dec 10Noritake Co., Limited to Report Q3, 2024 Results on Feb 07, 2024Noritake Co., Limited announced that they will report Q3, 2024 results on Feb 07, 2024
Reported Earnings • Nov 08Second quarter 2024 earnings released: EPS: JP¥190 (vs JP¥172 in 2Q 2023)Second quarter 2024 results: EPS: JP¥190 (up from JP¥172 in 2Q 2023). Revenue: JP¥34.1b (down 4.2% from 2Q 2023). Net income: JP¥2.75b (up 11% from 2Q 2023). Profit margin: 8.1% (up from 7.0% in 2Q 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 2.3% p.a. on average during the next 3 years, compared to a 3.5% growth forecast for the Machinery industry in Germany. Over the last 3 years on average, earnings per share has increased by 50% per year but the company’s share price has only increased by 18% per year, which means it is significantly lagging earnings growth.
Upcoming Dividend • Sep 21Upcoming dividend of JP¥115 per share at 3.6% yieldEligible shareholders must have bought the stock before 28 September 2023. Payment date: 04 December 2023. Payout ratio is a comfortable 29% but the company is not cash flow positive. Trailing yield: 3.6%. Lower than top quartile of German dividend payers (4.8%). Higher than average of industry peers (2.8%).
Valuation Update With 7 Day Price Move • Aug 11Investor sentiment improves as stock rises 18%After last week's 18% share price gain to €40.00, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 10x in the Machinery industry in Germany. Total returns to shareholders of 72% over the past three years.
お知らせ • Aug 10Noritake Co., Limited to Report Q2, 2024 Results on Nov 07, 2023Noritake Co., Limited announced that they will report Q2, 2024 results on Nov 07, 2023
Reported Earnings • Aug 09First quarter 2024 earnings released: EPS: JP¥210 (vs JP¥187 in 1Q 2023)First quarter 2024 results: EPS: JP¥210 (up from JP¥187 in 1Q 2023). Revenue: JP¥33.5b (up 3.9% from 1Q 2023). Net income: JP¥3.04b (up 13% from 1Q 2023). Profit margin: 9.1% (up from 8.4% in 1Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 2.1% p.a. on average during the next 3 years, compared to a 3.6% growth forecast for the Machinery industry in Germany. Over the last 3 years on average, earnings per share has increased by 57% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth.
お知らせ • Jun 01Noritake Co., Limited to Report Q1, 2024 Results on Aug 04, 2023Noritake Co., Limited announced that they will report Q1, 2024 results on Aug 04, 2023
Reported Earnings • May 14Full year 2023 earnings released: EPS: JP¥695 (vs JP¥628 in FY 2022)Full year 2023 results: EPS: JP¥695 (up from JP¥628 in FY 2022). Revenue: JP¥139.5b (up 9.3% from FY 2022). Net income: JP¥10.0b (up 11% from FY 2022). Profit margin: 7.2% (up from 7.1% in FY 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 3.5% p.a. on average during the next 2 years, compared to a 4.4% growth forecast for the Machinery industry in Germany. Over the last 3 years on average, earnings per share has increased by 60% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth.
お知らせ • May 13Noritake Co., Limited, Annual General Meeting, Jun 23, 2023Noritake Co., Limited, Annual General Meeting, Jun 23, 2023.
Upcoming Dividend • Mar 23Upcoming dividend of JP¥90.00 per share at 4.0% yieldEligible shareholders must have bought the stock before 30 March 2023. Payment date: 07 June 2023. Payout ratio is a comfortable 11% but the company is paying out more than the cash it is generating. Trailing yield: 4.0%. Lower than top quartile of German dividend payers (4.7%). Higher than average of industry peers (2.9%).
Reported Earnings • Feb 04Third quarter 2023 earnings released: EPS: JP¥236 (vs JP¥197 in 3Q 2022)Third quarter 2023 results: EPS: JP¥236 (up from JP¥197 in 3Q 2022). Revenue: JP¥36.1b (up 11% from 3Q 2022). Net income: JP¥3.41b (up 20% from 3Q 2022). Profit margin: 9.4% (up from 8.8% in 3Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 3.7% p.a. on average during the next 3 years, compared to a 4.3% growth forecast for the Machinery industry in Germany. Over the last 3 years on average, earnings per share has increased by 48% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings.
お知らせ • Dec 09Noritake Co., Limited to Report Q3, 2023 Results on Feb 02, 2023Noritake Co., Limited announced that they will report Q3, 2023 results on Feb 02, 2023
Reported Earnings • Nov 18Second quarter 2023 earnings released: EPS: JP¥172 (vs JP¥137 in 2Q 2022)Second quarter 2023 results: EPS: JP¥172 (up from JP¥137 in 2Q 2022). Revenue: JP¥35.6b (up 11% from 2Q 2022). Net income: JP¥2.48b (up 26% from 2Q 2022). Profit margin: 7.0% (up from 6.2% in 2Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 4.8% p.a. on average during the next 3 years, compared to a 3.8% growth forecast for the Machinery industry in Germany. Over the last 3 years on average, earnings per share has increased by 30% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings.
Board Change • Nov 16Less than half of directors are independentNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 10 experienced directors. No highly experienced directors. 2 independent directors (4 non-independent directors). Independent Outside Director Masanao Tomozoe was the last independent director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.
Reported Earnings • Nov 10Second quarter 2023 earnings released: EPS: JP¥172 (vs JP¥137 in 2Q 2022)Second quarter 2023 results: EPS: JP¥172 (up from JP¥137 in 2Q 2022). Revenue: JP¥35.6b (up 11% from 2Q 2022). Net income: JP¥2.48b (up 26% from 2Q 2022). Profit margin: 7.0% (up from 6.2% in 2Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 4.8% p.a. on average during the next 3 years, compared to a 4.0% growth forecast for the Machinery industry in Germany. Over the last 3 years on average, earnings per share has increased by 30% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings.
Upcoming Dividend • Sep 22Upcoming dividend of JP¥80.00 per shareEligible shareholders must have bought the stock before 29 September 2022. Payment date: 05 December 2022. Payout ratio is a comfortable 23% and this is well supported by cash flows. Trailing yield: 3.9%. Lower than top quartile of German dividend payers (5.1%). Higher than average of industry peers (3.2%).
Reported Earnings • Aug 07First quarter 2023 earnings released: EPS: JP¥187 (vs JP¥155 in 1Q 2022)First quarter 2023 results: EPS: JP¥187 (up from JP¥155 in 1Q 2022). Revenue: JP¥32.2b (up 9.2% from 1Q 2022). Net income: JP¥2.70b (up 21% from 1Q 2022). Profit margin: 8.4% (up from 7.6% in 1Q 2022). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 7.3%, compared to a 9.5% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings.
お知らせ • Aug 07Noritake Co., Limited to Report Q2, 2023 Results on Nov 08, 2022Noritake Co., Limited announced that they will report Q2, 2023 results on Nov 08, 2022
お知らせ • Jun 06Noritake Co., Limited to Report Q1, 2023 Results on Aug 05, 2022Noritake Co., Limited announced that they will report Q1, 2023 results on Aug 05, 2022
お知らせ • May 12Noritake Co., Limited, Annual General Meeting, Jun 28, 2022Noritake Co., Limited, Annual General Meeting, Jun 28, 2022.
Reported Earnings • May 11Full year 2022 earnings released: EPS: JP¥628 (vs JP¥194 in FY 2021)Full year 2022 results: EPS: JP¥628 (up from JP¥194 in FY 2021). Revenue: JP¥127.6b (up 19% from FY 2021). Net income: JP¥9.07b (up 223% from FY 2021). Profit margin: 7.1% (up from 2.6% in FY 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 4.0%, compared to a 9.0% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has fallen by 10% per year whereas the company’s share price has fallen by 9% per year.
Board Change • Apr 27Less than half of directors are independentNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 11 experienced directors. No highly experienced directors. 2 independent directors (4 non-independent directors). Independent Outside Director Masanao Tomozoe was the last independent director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.
お知らせ • Apr 08Noritake Co., Limited to Report Fiscal Year 2022 Results on May 10, 2022Noritake Co., Limited announced that they will report fiscal year 2022 results on May 10, 2022
Upcoming Dividend • Mar 23Upcoming dividend of JP¥70.00 per shareEligible shareholders must have bought the stock before 30 March 2022. Payment date: 04 June 2022. Payout ratio is a comfortable 4.9% and this is well supported by cash flows. Trailing yield: 2.8%. Lower than top quartile of German dividend payers (3.6%). Higher than average of industry peers (1.9%).
Reported Earnings • Feb 04Third quarter 2022 earnings: EPS in line with expectations, revenues disappointThird quarter 2022 results: EPS: JP¥197 (up from JP¥76.83 in 3Q 2021). Revenue: JP¥32.4b (up 20% from 3Q 2021). Net income: JP¥2.84b (up 156% from 3Q 2021). Profit margin: 8.8% (up from 4.1% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 1.1%. Over the next year, revenue is forecast to grow 6.2%, compared to a 10.0% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has fallen by 38% per year but the company’s share price has only fallen by 5% per year, which means it has not declined as severely as earnings.
Reported Earnings • Nov 10Second quarter 2022 earnings released: EPS JP¥137 (vs JP¥39.43 loss in 2Q 2021)The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2022 results: Revenue: JP¥32.0b (up 31% from 2Q 2021). Net income: JP¥1.97b (up JP¥2.54b from 2Q 2021). Profit margin: 6.2% (up from net loss in 2Q 2021). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 59% per year but the company’s share price has only fallen by 6% per year, which means it has not declined as severely as earnings.
Valuation Update With 7 Day Price Move • Sep 29Investor sentiment improved over the past weekAfter last week's 15% share price gain to €39.40, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 18x in the Machinery industry in Germany. Total loss to shareholders of 20% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €59.22 per share.
Upcoming Dividend • Sep 22Upcoming dividend of JP¥50.00 per shareEligible shareholders must have bought the stock before 29 September 2021. Payment date: 04 December 2021. Trailing yield: 2.7%. Lower than top quartile of German dividend payers (3.2%). Higher than average of industry peers (1.0%).
Reported Earnings • Aug 13First quarter 2022 earnings released: EPS JP¥155 (vs JP¥38.09 in 1Q 2021)The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2022 results: Revenue: JP¥29.5b (up 15% from 1Q 2021). Net income: JP¥2.23b (up 307% from 1Q 2021). Profit margin: 7.6% (up from 2.1% in 1Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 54 percentage points per year, which is a significant difference in performance.
Reported Earnings • May 14Full year 2021 earnings released: EPS JP¥194 (vs JP¥237 in FY 2020)The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2021 results: Revenue: JP¥107.0b (down 11% from FY 2020). Net income: JP¥2.81b (down 18% from FY 2020). Profit margin: 2.6% (down from 2.8% in FY 2020). The decrease in margin was driven by lower revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 61 percentage points per year, which is a significant difference in performance.
Upcoming Dividend • Mar 23Upcoming dividend of JP¥30.00 per shareEligible shareholders must have bought the stock before 30 March 2021. Payment date: 05 June 2021. Trailing yield: 1.6%. Lower than top quartile of German dividend payers (3.3%). Higher than average of industry peers (1.2%).
お知らせ • Mar 13Noritake Co., Limited to Report Fiscal Year 2021 Results on May 11, 2021Noritake Co., Limited announced that they will report fiscal year 2021 results on May 11, 2021
Is New 90 Day High Low • Mar 06New 90-day high: €28.80The company is up 19% from its price of €24.20 on 04 December 2020. The German market is up 7.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Machinery industry, which is up 5.0% over the same period.
Reported Earnings • Feb 03Third quarter 2021 earnings released: EPS JP¥76.82 (vs JP¥89.60 in 3Q 2020)The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2021 results: Revenue: JP¥27.1b (down 7.2% from 3Q 2020). Net income: JP¥1.11b (down 14% from 3Q 2020). Profit margin: 4.1% (down from 4.4% in 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 55% per year but the company’s share price has only fallen by 13% per year, which means it has not declined as severely as earnings.
Analyst Estimate Surprise Post Earnings • Feb 03Revenue beats expectationsRevenue exceeded analyst estimates by 2.4%. Over the next year, revenue is forecast to grow 4.2%, compared to a 4.9% growth forecast for the Machinery industry in Germany.
Is New 90 Day High Low • Jan 28New 90-day high: €25.20The company is up 3.0% from its price of €24.40 on 30 October 2020. The German market is up 21% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Machinery industry, which is up 20% over the same period.
お知らせ • Nov 29Noritake Co., Limited to Report Q3, 2021 Results on Feb 02, 2021Noritake Co., Limited announced that they will report Q3, 2021 results on Feb 02, 2021
Reported Earnings • Nov 17Second quarter 2021 earnings released: JP¥39.42 loss per shareThe company reported a poor second quarter result with weaker earnings, revenues and control over expenses. Second quarter 2021 results: Revenue: JP¥24.5b (down 19% from 2Q 2020). Net loss: JP¥569.0m (down 164% from profit in 2Q 2020). Over the last 3 years on average, earnings per share has fallen by 34% per year but the company’s share price has only fallen by 16% per year, which means it has not declined as severely as earnings.
Analyst Estimate Surprise Post Earnings • Nov 17Revenue misses expectationsRevenue missed analyst estimates by 3.7%. Over the next year, revenue is forecast to grow 3.2%, compared to a 3.0% growth forecast for the Machinery industry in Germany.
Is New 90 Day High Low • Nov 10New 90-day low: €24.00The company is down 8.0% from its price of €26.00 on 12 August 2020. The German market is flat over the last 90 days, indicating the company underperformed over that time. It also underperformed the Machinery industry, which is up 1.0% over the same period.
Analyst Estimate Surprise Post Earnings • Nov 08Revenue misses expectationsRevenue missed analyst estimates by 3.7%. Over the next year, revenue is forecast to grow 3.2% while the growth in Machinery industry in Germany is expected to stay flat.
Reported Earnings • Nov 08Second quarter 2021 earnings released: JP¥39.42 loss per shareThe company reported a poor second quarter result with weaker earnings, revenues and control over expenses. Second quarter 2021 results: Revenue: JP¥24.5b (down 19% from 2Q 2020). Net loss: JP¥569.0m (down 164% from profit in 2Q 2020). Over the last 3 years on average, earnings per share has fallen by 34% per year but the company’s share price has only fallen by 14% per year, which means it has not declined as severely as earnings.
お知らせ • Sep 03Noritake Co., Limited to Report Q2, 2021 Results on Nov 06, 2020Noritake Co., Limited announced that they will report Q2, 2021 results on Nov 06, 2020
お知らせ • Jul 05Noritake Co., Limited to Report Q1, 2021 Results on Aug 04, 2020Noritake Co., Limited announced that they will report Q1, 2021 results on Aug 04, 2020