Noritake（5331）株式概要株式会社ノリタケカンパニーリミテドは、その子会社とともに、工業用製品、セラミック製品、材料製品、エンジニアリング製品、卓上製品などを日本および海外で提供している。 詳細5331 ファンダメンタル分析スノーフレーク・スコア評価1/6将来の成長1/6過去の実績2/6財務の健全性5/6配当金3/6報酬収益は年間6.26%増加すると予測されています 過去5年間の収益は年間15.1%増加しました。 リスク分析JP市場と比較した過去 3 か月間の株価の変動2.36%の配当はフリーキャッシュフローで十分にカバーされていない 財務結果に影響を与える大きな一時的項目 すべてのリスクチェックを見る5331 Community Fair Values Create NarrativeSee what others think this stock is worth. Follow their fair value or set your own to get alerts.Your Fair ValueJP¥Current PriceJP¥4.23k2.8% 割安 内在価値ディスカウントGrowth estimate overAnnual revenue growth rate5 Yearstime period%/yrDecreaseIncreasePastFuture0171b2016201920222025202620282031Revenue JP¥171.4bEarnings JP¥17.0bAdvancedSet Fair ValueView all narrativesNoritake Co., Limited 競合他社KITZSymbol: TSE:6498Market cap: JP¥219.9bGlorySymbol: TSE:6457Market cap: JP¥213.6bNTNSymbol: TSE:6472Market cap: JP¥263.2bOkumaSymbol: TSE:6103Market cap: JP¥263.0b価格と性能株価の高値、安値、推移の概要Noritake過去の株価現在の株価JP¥4,230.0052週高値JP¥4,635.0052週安値JP¥1,775.00ベータ0.571ヶ月の変化21.73%3ヶ月変化27.41%1年変化132.10%3年間の変化213.33%5年間の変化304.30%IPOからの変化32.19%最新ニュースNew Risk • 4hNew minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Japanese stocks, typically moving 6.8% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (6.8% average weekly change). Large one-off items impacting financial results.Valuation Update With 7 Day Price Move • Jun 01Investor sentiment improves as stock rises 20%After last week's 20% share price gain to JP¥4,375, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 16x in the Machinery industry in Japan. Total returns to shareholders of 286% over the past three years.ライブニュース • May 24Noritake Lifts Dividend and Sets Ambitious Shareholder Return Target Following Strong FY2026 ResultsNoritake reported improved sales and profits for FY2026, supported by higher comprehensive income and contributions from equity-method affiliates. The company raised its annual dividend to 180 yen per share, including a 100 yen year-end dividend, which came in above its earlier forecast. Noritake carried out a two-for-one stock split and reaffirmed a progressive dividend policy targeting at least 140 yen per share annually and a total shareholder return ratio of 50% or more over the next three years. The combination of higher profitability, a stock split, and a clearer payout framework indicates a management team placing meaningful emphasis on shareholder returns alongside balance sheet strength and cash generation. Investors may want to monitor how Noritake sustains its cash flow to support both the committed dividend floor and the targeted 50% or higher total shareholder return ratio over the coming three-year period.分析記事 • May 19Noritake's (TSE:5331) Solid Earnings May Rest On Weak FoundationsNoritake Co., Limited's ( TSE:5331 ) stock didn't jump after it announced some healthy earnings. We think that...Reported Earnings • May 13Full year 2026 earnings: EPS and revenues exceed analyst expectationsFull year 2026 results: EPS: JP¥509 (up from JP¥225 in FY 2025). Revenue: JP¥142.9b (up 3.4% from FY 2025). Net income: JP¥14.2b (up 9.6% from FY 2025). Profit margin: 9.9% (in line with FY 2025). Revenue exceeded analyst estimates by 1.4%. Earnings per share (EPS) also surpassed analyst estimates by 10.0%. Revenue is forecast to grow 1.8% p.a. on average during the next 2 years, compared to a 5.7% growth forecast for the Machinery industry in Japan. Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has increased by 42% per year, which means it is tracking significantly ahead of earnings growth.お知らせ • May 13Noritake Co., Limited, Annual General Meeting, Jun 25, 2026Noritake Co., Limited, Annual General Meeting, Jun 25, 2026.最新情報をもっと見るRecent updatesNew Risk • 4hNew minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Japanese stocks, typically moving 6.8% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (6.8% average weekly change). Large one-off items impacting financial results.Valuation Update With 7 Day Price Move • Jun 01Investor sentiment improves as stock rises 20%After last week's 20% share price gain to JP¥4,375, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 16x in the Machinery industry in Japan. Total returns to shareholders of 286% over the past three years.ライブニュース • May 24Noritake Lifts Dividend and Sets Ambitious Shareholder Return Target Following Strong FY2026 ResultsNoritake reported improved sales and profits for FY2026, supported by higher comprehensive income and contributions from equity-method affiliates. The company raised its annual dividend to 180 yen per share, including a 100 yen year-end dividend, which came in above its earlier forecast. Noritake carried out a two-for-one stock split and reaffirmed a progressive dividend policy targeting at least 140 yen per share annually and a total shareholder return ratio of 50% or more over the next three years. The combination of higher profitability, a stock split, and a clearer payout framework indicates a management team placing meaningful emphasis on shareholder returns alongside balance sheet strength and cash generation. Investors may want to monitor how Noritake sustains its cash flow to support both the committed dividend floor and the targeted 50% or higher total shareholder return ratio over the coming three-year period.分析記事 • May 19Noritake's (TSE:5331) Solid Earnings May Rest On Weak FoundationsNoritake Co., Limited's ( TSE:5331 ) stock didn't jump after it announced some healthy earnings. We think that...Reported Earnings • May 13Full year 2026 earnings: EPS and revenues exceed analyst expectationsFull year 2026 results: EPS: JP¥509 (up from JP¥225 in FY 2025). Revenue: JP¥142.9b (up 3.4% from FY 2025). Net income: JP¥14.2b (up 9.6% from FY 2025). Profit margin: 9.9% (in line with FY 2025). Revenue exceeded analyst estimates by 1.4%. Earnings per share (EPS) also surpassed analyst estimates by 10.0%. Revenue is forecast to grow 1.8% p.a. on average during the next 2 years, compared to a 5.7% growth forecast for the Machinery industry in Japan. Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has increased by 42% per year, which means it is tracking significantly ahead of earnings growth.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, 2026Upcoming Dividend • Mar 23Upcoming dividend of JP¥80.00 per shareEligible shareholders must have bought the stock before 30 March 2026. Payment date: 05 June 2026. Payout ratio is a comfortable 34% but the company is not cash flow positive. Trailing yield: 2.6%. Lower than top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (1.6%).Buy Or Sell Opportunity • Mar 04Now 25% undervaluedOver the last 90 days, the stock has risen 17% to JP¥6,330. The fair value is estimated to be JP¥8,460, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 8.2%. Revenue is forecast to grow by 9.9% in 2 years. Earnings are forecast to grow by 18% in the next 2 years.Buy Or Sell Opportunity • Feb 13Now 22% undervaluedOver the last 90 days, the stock has risen 29% to JP¥6,500. The fair value is estimated to be JP¥8,330, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 8.2%. Revenue is forecast to grow by 9.9% in 2 years. Earnings are forecast to grow by 18% in the next 2 years.Reported Earnings • Feb 11Third quarter 2026 earnings released: EPS: JP¥118 (vs JP¥110 in 3Q 2025)Third quarter 2026 results: EPS: JP¥118 (up from JP¥110 in 3Q 2025). Revenue: JP¥35.9b (up 1.9% from 3Q 2025). Net income: JP¥3.26b (up 3.6% from 3Q 2025). Profit margin: 9.1% (up from 8.9% in 3Q 2025). Revenue is forecast to grow 4.4% p.a. on average during the next 3 years, compared to a 5.1% growth forecast for the Machinery industry in Japan. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has increased by 45% per year, which means it is tracking significantly ahead of earnings growth.分析記事 • Feb 04Noritake Co., Limited's (TSE:5331) Popularity With Investors Is ClearIt's not a stretch to say that Noritake Co., Limited's ( TSE:5331 ) price-to-earnings (or "P/E") ratio of 14.5x right...分析記事 • Jan 13We Think Noritake (TSE:5331) Can Stay On Top Of Its DebtDavid Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...分析記事 • Dec 07Noritake's (TSE:5331) Dividend Will Be ¥80.00The board of Noritake Co., Limited ( TSE:5331 ) has announced that it will pay a dividend on the 5th of June, with...Declared Dividend • Dec 06First half dividend of JP¥80.00 announcedShareholders will receive a dividend of JP¥80.00. Ex-date: 30th March 2026 Payment date: 5th June 2026 Dividend yield will be 3.0%, which is higher than the industry average of 2.1%. Sustainability & Growth Dividend is covered by earnings (16% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 18% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 17% over the next 3 years, which should provide support to the dividend and adequate earnings cover.Buy Or Sell Opportunity • Dec 01Now 20% undervaluedOver the last 90 days, the stock has risen 17% to JP¥5,390. The fair value is estimated to be JP¥6,779, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 8.2%. Revenue is forecast to grow by 8.0% in 2 years. Earnings are forecast to grow by 8.5% in the next 2 years.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分析記事 • Nov 16Concerns Surrounding Noritake's (TSE:5331) PerformanceNoritake Co., Limited's ( TSE:5331 ) healthy profit numbers didn't contain any surprises for investors. We believe that...分析記事 • Nov 13Noritake (TSE:5331) Is Experiencing Growth In Returns On CapitalIf you're not sure where to start when looking for the next multi-bagger, there are a few key trends you should keep an...Reported Earnings • Nov 08Second quarter 2026 earnings released: EPS: JP¥106 (vs JP¥96.79 in 2Q 2025)Second quarter 2026 results: EPS: JP¥106 (up from JP¥96.79 in 2Q 2025). Revenue: JP¥34.9b (flat on 2Q 2025). Net income: JP¥2.96b (up 5.5% from 2Q 2025). Profit margin: 8.5% (up from 8.0% in 2Q 2025). Revenue is forecast to grow 3.7% p.a. on average during the next 3 years, compared to a 4.9% growth forecast for the Machinery industry in Japan. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has increased by 37% per year, which means it is tracking significantly ahead of earnings growth.Upcoming Dividend • Sep 22Upcoming dividend of JP¥70.00 per shareEligible shareholders must have bought the stock before 29 September 2025. Payment date: 08 December 2025. Payout ratio is a comfortable 32% but the company is not cash flow positive. Trailing yield: 3.0%. Lower than top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (2.0%).Price Target Changed • Aug 30Price target increased by 25% to JP¥5,230Up from JP¥4,200, the current price target is provided by 1 analyst. New target price is 16% above last closing price of JP¥4,520. Stock is up 14% over the past year. The company is forecast to post earnings per share of JP¥419 for next year compared to JP¥450 last year.分析記事 • Aug 22Noritake's (TSE:5331) Dividend Will Be ¥70.00Noritake Co., Limited ( TSE:5331 ) has announced that it will pay a dividend of ¥70.00 per share on the 8th of...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, 2025Reported Earnings • Aug 08First quarter 2026 earnings released: EPS: JP¥86.89 (vs JP¥112 in 1Q 2025)First quarter 2026 results: EPS: JP¥86.89 (down from JP¥112 in 1Q 2025). Revenue: JP¥33.4b (down 3.9% from 1Q 2025). Net income: JP¥2.47b (down 24% from 1Q 2025). Profit margin: 7.4% (down from 9.3% in 1Q 2025). Revenue is forecast to grow 3.7% p.a. on average during the next 3 years, compared to a 4.7% growth forecast for the Machinery industry in Japan. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has increased by 29% per year, which means it is tracking significantly ahead of earnings growth.分析記事 • Aug 08Noritake (TSE:5331) Will Pay A Dividend Of ¥70.00Noritake Co., Limited's ( TSE:5331 ) investors are due to receive a payment of ¥70.00 per share on 8th of December...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.分析記事 • Jul 24Noritake (TSE:5331) Will Pay A Dividend Of ¥70.00Noritake Co., Limited ( TSE:5331 ) has announced that it will pay a dividend of ¥70.00 per share on the 8th of...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分析記事 • Jul 09Noritake (TSE:5331) Will Pay A Dividend Of ¥70.00Noritake Co., Limited ( TSE:5331 ) will pay a dividend of ¥70.00 on the 8th of December. This will take the dividend...Declared Dividend • Jul 09Final dividend of JP¥70.00 announcedShareholders will receive a dividend of JP¥70.00. Ex-date: 29th September 2025 Payment date: 8th December 2025 Dividend yield will be 3.8%, which is higher than the industry average of 2.1%. Sustainability & Growth Dividend is covered by earnings (32% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 17% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 12% over the next 3 years, which should provide support to the dividend and adequate earnings cover.Reported Earnings • Jun 27Full year 2025 earnings: Revenues and EPS in line with analyst expectationsFull year 2025 results: EPS: JP¥450 (up from JP¥396 in FY 2024). Revenue: JP¥138.2b (flat on FY 2024). Net income: JP¥12.9b (up 13% from FY 2024). Profit margin: 9.4% (up from 8.3% in FY 2024). Revenue was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst expectations. Revenue is forecast to grow 3.2% p.a. on average during the next 3 years, compared to a 4.5% growth forecast for the Machinery industry in Japan. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has increased by 22% per year, which means it is tracking significantly ahead of earnings growth.分析記事 • May 16Concerns Surrounding Noritake's (TSE:5331) PerformanceThe recent earnings posted by Noritake Co., Limited ( TSE:5331 ) were solid, but the stock didn't move as much as we...Reported Earnings • May 10Full year 2025 earnings: Revenues and EPS in line with analyst expectationsFull year 2025 results: EPS: JP¥450 (up from JP¥396 in FY 2024). Revenue: JP¥138.2b (flat on FY 2024). Net income: JP¥12.9b (up 13% from FY 2024). Profit margin: 9.4% (up from 8.3% in FY 2024). Revenue was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst expectations. Revenue is forecast to grow 3.7% p.a. on average during the next 2 years, compared to a 4.4% growth forecast for the Machinery industry in Japan. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has increased by 21% per year, which means it is tracking significantly ahead of earnings growth.お知らせ • May 09Noritake Co., Limited, Annual General Meeting, Jun 26, 2025Noritake Co., Limited, Annual General Meeting, Jun 26, 2025.分析記事 • Apr 15Potential Upside For Noritake Co., Limited (TSE:5331) Not Without RiskWith a price-to-earnings (or "P/E") ratio of 8.4x Noritake Co., Limited ( TSE:5331 ) may be sending bullish signals at...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, 2025Upcoming Dividend • Mar 21Upcoming dividend of JP¥65.00 per shareEligible shareholders must have bought the stock before 28 March 2025. Payment date: 03 June 2025. Payout ratio is a comfortable 32% and this is well supported by cash flows. Trailing yield: 3.5%. Lower than top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (2.1%).Price Target Changed • Mar 18Price target decreased by 11% to JP¥4,400Down from JP¥4,960, the current price target is provided by 1 analyst. New target price is 21% above last closing price of JP¥3,625. Stock is down 14% over the past year. The company is forecast to post earnings per share of JP¥446 for next year compared to JP¥396 last year.Reported Earnings • Feb 06Third quarter 2025 earnings released: EPS: JP¥110 (vs JP¥113 in 3Q 2024)Third quarter 2025 results: EPS: JP¥110 (down from JP¥113 in 3Q 2024). Revenue: JP¥35.2b (down 3.1% from 3Q 2024). Net income: JP¥3.15b (down 4.1% from 3Q 2024). Profit margin: 8.9% (down from 9.0% in 3Q 2024). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 3.6% p.a. on average during the next 3 years, compared to a 4.6% growth forecast for the Machinery industry in Japan. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has increased by 17% per year, which means it is tracking significantly ahead of earnings growth.Declared Dividend • Dec 07First half dividend of JP¥65.00 announcedShareholders will receive a dividend of JP¥65.00. Ex-date: 28th March 2025 Payment date: 3rd June 2025 Dividend yield will be 3.5%, which is higher than the industry average of 2.1%. Sustainability & Growth Dividend is covered by both earnings (16% earnings payout ratio) and cash flows (60% 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 grow by 45% over the next 3 years, which should provide support to the dividend and adequate earnings cover.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分析記事 • Nov 14Noritake's (TSE:5331) Profits May Not Reveal Underlying IssuesNoritake Co., Limited's ( TSE:5331 ) healthy profit numbers didn't contain any surprises for investors. We think this...Reported Earnings • Nov 09Second 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 4.8% growth forecast for the Machinery industry in Japan. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has increased by 19% per year, which means it is tracking significantly ahead of earnings growth.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 Japanese dividend payers (3.8%). Higher than average of industry peers (2.9%).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 4.9% growth forecast for the Machinery industry in Japan. 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 19% 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.Valuation Update With 7 Day Price Move • Aug 05Investor sentiment deteriorates as stock falls 21%After last week's 21% share price decline to JP¥3,110, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 12x in the Machinery industry in Japan. Total returns to shareholders of 61% over the past three years.Buy Or Sell Opportunity • Aug 05Now 28% undervalued after recent price dropOver the last 90 days, the stock has fallen 23% to JP¥3,110. The fair value is estimated to be JP¥4,298, 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.分析記事 • Jul 25Estimating The Intrinsic Value Of Noritake Co., Limited (TSE:5331)Key Insights Using the 2 Stage Free Cash Flow to Equity, Noritake fair value estimate is JP¥3,800 Noritake's JP¥3,935...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 4.6%, which is higher than the industry average of 2.1%. 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: EPS and revenues miss analyst expectationsFull 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 missed analyst estimates by 1.1%. Earnings per share (EPS) also missed analyst estimates by 3.6%. Revenue is forecast to grow 3.4% p.a. on average during the next 3 years, compared to a 4.8% growth forecast for the Machinery industry in Japan. 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 24% 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, 2024Reported Earnings • May 11Full year 2024 earnings: EPS exceeds analyst expectations while revenues lag behindFull 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 missed analyst estimates by 1.1%. Earnings per share (EPS) exceeded analyst estimates by 93%. Revenue is forecast to grow 1.6% p.a. on average during the next 2 years, compared to a 4.7% growth forecast for the Machinery industry in Japan. 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 25% per year, which means it is significantly lagging earnings growth.お知らせ • May 11Noritake Co., Limited, Annual General Meeting, Jun 24, 2024Noritake Co., Limited, Annual General Meeting, Jun 24, 2024.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 10Now 22% overvalued after recent price riseOver the last 90 days, the stock has risen 18% to JP¥4,240. The fair value is estimated to be JP¥3,480, 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 Japanese dividend payers (3.2%). Higher than average of industry peers (1.9%).Buy Or Sell Opportunity • Mar 05Now 20% overvalued after recent price riseOver the last 90 days, the stock has risen 21% to JP¥8,420. The fair value is estimated to be JP¥7,009, 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, 2024Reported 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 4.2% growth forecast for the Machinery industry in Japan. 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 31% 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 4.2% growth forecast for the Machinery industry in Japan. 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 28% 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%. Within top quartile of Japanese dividend payers (3.3%). Higher than average of industry peers (2.1%).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 4.1% growth forecast for the Machinery industry in Japan. 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 22% per year, which means it is significantly lagging earnings growth.Price Target Changed • Jun 19Price target increased by 36% to JP¥6,300Up from JP¥4,640, the current price target is provided by 1 analyst. New target price is 20% above last closing price of JP¥5,230. Stock is up 30% over the past year. The company is forecast to post earnings per share of JP¥764 for next year compared to JP¥695 last year.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 15Full year 2023 earnings: EPS and revenues miss analyst expectationsFull 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 missed analyst estimates by 1.5%. Earnings per share (EPS) also missed analyst estimates by 3.0%. Revenue is forecast to grow 3.5% p.a. on average during the next 2 years, compared to a 4.2% growth forecast for the Machinery industry in Japan. 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 14% 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%. Within top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (2.4%).Reported Earnings • Feb 03Third 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 4.5% growth forecast for the Machinery industry in Japan. 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 2% per year, which means it is significantly lagging earnings.Major Estimate Revision • Jan 12Consensus EPS estimates increase by 11%The consensus outlook for earnings per share (EPS) in 2023 has improved. 2023 revenue forecast increased from JP¥138.5b to JP¥143.1b. EPS estimate increased from JP¥645 to JP¥714 per share. Net income forecast to shrink 1.2% next year vs 6.6% growth forecast for Machinery industry in Japan . Consensus price target down from JP¥4,640 to JP¥4,300. Share price was steady at JP¥4,010 over the past week.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 4.1% growth forecast for the Machinery industry in Japan. 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 4% per year, which means it is significantly lagging earnings.Price Target Changed • Nov 16Price target decreased to JP¥4,640Down from JP¥5,000, the current price target is provided by 1 analyst. New target price is 17% above last closing price of JP¥3,955. Stock is down 16% over the past year. The company is forecast to post earnings per share of JP¥645 for next year compared to JP¥628 last year.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 Japan. 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 4% 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%. Within top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (2.4%).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 9.2% growth forecast for the industry in Japan. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth.Reported Earnings • May 11Full year 2022 earnings: EPS exceeds analyst expectationsFull 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. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 5.6%. Over the next year, revenue is forecast to grow 4.0%, compared to a 8.0% growth forecast for the industry in Japan. 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 5% per year.Price Target Changed • Apr 27Price target increased to JP¥5,935Up from JP¥3,500, the current price target is an average from 2 analysts. New target price is 51% above last closing price of JP¥3,925. Stock is up 11% over the past year. The company is forecast to post earnings per share of JP¥595 for next year compared to JP¥194 last 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.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: 2.7%. Lower than top quartile of Japanese dividend payers (3.4%). Higher than average of industry peers (2.0%).Reported Earnings • Feb 03Third quarter 2022 earnings: EPS exceeds analyst expectations while revenues lag behindThird 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%. Earnings per share (EPS) exceeded analyst estimates by 39%. Over the next year, revenue is forecast to grow 6.2%, compared to a 8.6% growth forecast for the industry in Japan. 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 3% 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 28Investor sentiment improved over the past weekAfter last week's 17% share price gain to JP¥5,280, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 14x in the Machinery industry in Japan. Total loss to shareholders of 16% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥7,029 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 Japanese dividend payers (3.0%). Higher than average of industry peers (1.4%).Valuation Update With 7 Day Price Move • Sep 13Investor sentiment improved over the past weekAfter last week's 15% share price gain to JP¥4,660, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 15x in the Machinery industry in Japan. Total loss to shareholders of 30% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥3,186 per share.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 55 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 62 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 Japanese dividend payers (2.7%). Higher than average of industry peers (1.1%).Major Estimate Revision • Mar 18Consensus EPS estimates increase to JP¥140The consensus outlook for earnings per share (EPS) in 2021 has improved. 2021 revenue forecast increased from JP¥104.9b to JP¥106.0b. EPS estimate increased from JP¥126 to JP¥140 per share. Net income forecast to grow 843% next year vs 22% growth forecast for Machinery industry in Japan. Consensus price target up from JP¥3,500 to JP¥4,500. Share price was steady at JP¥3,800 over the past week.Is New 90 Day High Low • Feb 25New 90-day high: JP¥3,680The company is up 21% from its price of JP¥3,045 on 27 November 2020. The Japanese 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 8.0% 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 14% per year, which means it has not declined as severely as earnings.Analyst Estimate Surprise Post Earnings • Feb 03Revenue beats expectations, earnings disappointRevenue exceeded analyst estimates by 2.4%. Earnings per share (EPS) missed analyst estimates by 33%. Over the next year, revenue is forecast to grow 4.2%, compared to a 7.4% growth forecast for the Machinery industry in Japan.Is New 90 Day High Low • Feb 01New 90-day high: JP¥3,290The company is up 8.0% from its price of JP¥3,050 on 02 November 2020. The Japanese market is up 12% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Machinery industry, which is up 17% over the same period.Price Target Changed • Jan 19Price target lowered to JP¥3,500Down from JP¥4,050, the current price target is provided by 1 analyst. The new target price is 12% above the current share price of JP¥3,125. As of last close, the stock is down 33% over the past year.株主還元5331JP MachineryJP 市場7D10.4%4.8%4.2%1Y132.1%49.1%44.4%株主還元を見る業界別リターン: 5331過去 1 年間で49.1 % の収益を上げたJP Machinery業界を上回りました。リターン対市場: 5331過去 1 年間で44.4 % の収益を上げたJP市場を上回りました。価格変動Is 5331's price volatile compared to industry and market?5331 volatility5331 Average Weekly Movement6.8%Machinery Industry Average Movement5.9%Market Average Movement4.6%10% most volatile stocks in JP Market9.4%10% least volatile stocks in JP Market2.4%安定した株価: 5331の株価は、 JP市場と比較して過去 3 か月間で変動しています。時間の経過による変動: 5331の weekly volatility ( 7% ) は過去 1 年間安定していますが、依然としてJPの株式の 75% よりも高くなっています。会社概要設立従業員CEO（最高経営責任者ウェブサイト19044,921Akira Higashiyamawww.noritake.co.jp株式会社ノリタケカンパニーリミテドは、子会社とともに、工業用製品、セラミック・材料製品、エンジニアリング製品、卓上製品などを国内外に提供している。研削砥石、CBN砥石、ダイヤモンド工具、コーティング砥粒、クーラント、リサイクル製品などの研削・研磨工具、真空蛍光ディスプレイ、電子セラミックパウダー、厚膜回路基板、加飾材料、エンジニアリングセラミック、電子ペースト、石膏などのセラミック・材料を提供している。また、加熱炉・キルン、アクチュエーターレス・ラインミキサーおよび関連機器、切断機、ろ過システムなどのエンジニアリング製品、家庭用食器、贈答用食器、装飾用食器、業務用食器、施設用食器などのテーブルトップ製品も提供している。同社は1904年に設立され、名古屋に本社を置いている。もっと見るNoritake Co., Limited 基礎のまとめNoritake の収益と売上を時価総額と比較するとどうか。5331 基礎統計学時価総額JP¥232.63b収益（TTM）JP¥14.18b売上高(TTM)JP¥142.91b16.4xPER（株価収益率1.6xP/Sレシオ5331 は割高か？公正価値と評価分析を参照収益と収入最新の決算報告書（TTM）に基づく主な収益性統計5331 損益計算書（TTM）収益JP¥142.91b売上原価JP¥103.66b売上総利益JP¥39.25bその他の費用JP¥25.07b収益JP¥14.18b直近の収益報告Mar 31, 2026次回決算日該当なし一株当たり利益（EPS）257.80グロス・マージン27.46%純利益率9.92%有利子負債／自己資本比率7.9%5331 の長期的なパフォーマンスは？過去の実績と比較を見る配当金2.4%現在の配当利回り35%配当性向View Valuation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2026/06/16 16:53終値2026/06/16 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.
New Risk • 4hNew minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Japanese stocks, typically moving 6.8% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (6.8% average weekly change). Large one-off items impacting financial results.
Valuation Update With 7 Day Price Move • Jun 01Investor sentiment improves as stock rises 20%After last week's 20% share price gain to JP¥4,375, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 16x in the Machinery industry in Japan. Total returns to shareholders of 286% over the past three years.
ライブニュース • May 24Noritake Lifts Dividend and Sets Ambitious Shareholder Return Target Following Strong FY2026 ResultsNoritake reported improved sales and profits for FY2026, supported by higher comprehensive income and contributions from equity-method affiliates. The company raised its annual dividend to 180 yen per share, including a 100 yen year-end dividend, which came in above its earlier forecast. Noritake carried out a two-for-one stock split and reaffirmed a progressive dividend policy targeting at least 140 yen per share annually and a total shareholder return ratio of 50% or more over the next three years. The combination of higher profitability, a stock split, and a clearer payout framework indicates a management team placing meaningful emphasis on shareholder returns alongside balance sheet strength and cash generation. Investors may want to monitor how Noritake sustains its cash flow to support both the committed dividend floor and the targeted 50% or higher total shareholder return ratio over the coming three-year period.
分析記事 • May 19Noritake's (TSE:5331) Solid Earnings May Rest On Weak FoundationsNoritake Co., Limited's ( TSE:5331 ) stock didn't jump after it announced some healthy earnings. We think that...
Reported Earnings • May 13Full year 2026 earnings: EPS and revenues exceed analyst expectationsFull year 2026 results: EPS: JP¥509 (up from JP¥225 in FY 2025). Revenue: JP¥142.9b (up 3.4% from FY 2025). Net income: JP¥14.2b (up 9.6% from FY 2025). Profit margin: 9.9% (in line with FY 2025). Revenue exceeded analyst estimates by 1.4%. Earnings per share (EPS) also surpassed analyst estimates by 10.0%. Revenue is forecast to grow 1.8% p.a. on average during the next 2 years, compared to a 5.7% growth forecast for the Machinery industry in Japan. Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has increased by 42% per year, which means it is tracking significantly ahead of earnings growth.
お知らせ • May 13Noritake Co., Limited, Annual General Meeting, Jun 25, 2026Noritake Co., Limited, Annual General Meeting, Jun 25, 2026.
New Risk • 4hNew minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Japanese stocks, typically moving 6.8% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (6.8% average weekly change). Large one-off items impacting financial results.
Valuation Update With 7 Day Price Move • Jun 01Investor sentiment improves as stock rises 20%After last week's 20% share price gain to JP¥4,375, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 16x in the Machinery industry in Japan. Total returns to shareholders of 286% over the past three years.
ライブニュース • May 24Noritake Lifts Dividend and Sets Ambitious Shareholder Return Target Following Strong FY2026 ResultsNoritake reported improved sales and profits for FY2026, supported by higher comprehensive income and contributions from equity-method affiliates. The company raised its annual dividend to 180 yen per share, including a 100 yen year-end dividend, which came in above its earlier forecast. Noritake carried out a two-for-one stock split and reaffirmed a progressive dividend policy targeting at least 140 yen per share annually and a total shareholder return ratio of 50% or more over the next three years. The combination of higher profitability, a stock split, and a clearer payout framework indicates a management team placing meaningful emphasis on shareholder returns alongside balance sheet strength and cash generation. Investors may want to monitor how Noritake sustains its cash flow to support both the committed dividend floor and the targeted 50% or higher total shareholder return ratio over the coming three-year period.
分析記事 • May 19Noritake's (TSE:5331) Solid Earnings May Rest On Weak FoundationsNoritake Co., Limited's ( TSE:5331 ) stock didn't jump after it announced some healthy earnings. We think that...
Reported Earnings • May 13Full year 2026 earnings: EPS and revenues exceed analyst expectationsFull year 2026 results: EPS: JP¥509 (up from JP¥225 in FY 2025). Revenue: JP¥142.9b (up 3.4% from FY 2025). Net income: JP¥14.2b (up 9.6% from FY 2025). Profit margin: 9.9% (in line with FY 2025). Revenue exceeded analyst estimates by 1.4%. Earnings per share (EPS) also surpassed analyst estimates by 10.0%. Revenue is forecast to grow 1.8% p.a. on average during the next 2 years, compared to a 5.7% growth forecast for the Machinery industry in Japan. Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has increased by 42% per year, which means it is tracking significantly ahead of earnings growth.
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
Upcoming Dividend • Mar 23Upcoming dividend of JP¥80.00 per shareEligible shareholders must have bought the stock before 30 March 2026. Payment date: 05 June 2026. Payout ratio is a comfortable 34% but the company is not cash flow positive. Trailing yield: 2.6%. Lower than top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (1.6%).
Buy Or Sell Opportunity • Mar 04Now 25% undervaluedOver the last 90 days, the stock has risen 17% to JP¥6,330. The fair value is estimated to be JP¥8,460, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 8.2%. Revenue is forecast to grow by 9.9% in 2 years. Earnings are forecast to grow by 18% in the next 2 years.
Buy Or Sell Opportunity • Feb 13Now 22% undervaluedOver the last 90 days, the stock has risen 29% to JP¥6,500. The fair value is estimated to be JP¥8,330, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 8.2%. Revenue is forecast to grow by 9.9% in 2 years. Earnings are forecast to grow by 18% in the next 2 years.
Reported Earnings • Feb 11Third quarter 2026 earnings released: EPS: JP¥118 (vs JP¥110 in 3Q 2025)Third quarter 2026 results: EPS: JP¥118 (up from JP¥110 in 3Q 2025). Revenue: JP¥35.9b (up 1.9% from 3Q 2025). Net income: JP¥3.26b (up 3.6% from 3Q 2025). Profit margin: 9.1% (up from 8.9% in 3Q 2025). Revenue is forecast to grow 4.4% p.a. on average during the next 3 years, compared to a 5.1% growth forecast for the Machinery industry in Japan. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has increased by 45% per year, which means it is tracking significantly ahead of earnings growth.
分析記事 • Feb 04Noritake Co., Limited's (TSE:5331) Popularity With Investors Is ClearIt's not a stretch to say that Noritake Co., Limited's ( TSE:5331 ) price-to-earnings (or "P/E") ratio of 14.5x right...
分析記事 • Jan 13We Think Noritake (TSE:5331) Can Stay On Top Of Its DebtDavid Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...
分析記事 • Dec 07Noritake's (TSE:5331) Dividend Will Be ¥80.00The board of Noritake Co., Limited ( TSE:5331 ) has announced that it will pay a dividend on the 5th of June, with...
Declared Dividend • Dec 06First half dividend of JP¥80.00 announcedShareholders will receive a dividend of JP¥80.00. Ex-date: 30th March 2026 Payment date: 5th June 2026 Dividend yield will be 3.0%, which is higher than the industry average of 2.1%. Sustainability & Growth Dividend is covered by earnings (16% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 18% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 17% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
Buy Or Sell Opportunity • Dec 01Now 20% undervaluedOver the last 90 days, the stock has risen 17% to JP¥5,390. The fair value is estimated to be JP¥6,779, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 8.2%. Revenue is forecast to grow by 8.0% in 2 years. Earnings are forecast to grow by 8.5% in the next 2 years.
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
分析記事 • Nov 16Concerns Surrounding Noritake's (TSE:5331) PerformanceNoritake Co., Limited's ( TSE:5331 ) healthy profit numbers didn't contain any surprises for investors. We believe that...
分析記事 • Nov 13Noritake (TSE:5331) Is Experiencing Growth In Returns On CapitalIf you're not sure where to start when looking for the next multi-bagger, there are a few key trends you should keep an...
Reported Earnings • Nov 08Second quarter 2026 earnings released: EPS: JP¥106 (vs JP¥96.79 in 2Q 2025)Second quarter 2026 results: EPS: JP¥106 (up from JP¥96.79 in 2Q 2025). Revenue: JP¥34.9b (flat on 2Q 2025). Net income: JP¥2.96b (up 5.5% from 2Q 2025). Profit margin: 8.5% (up from 8.0% in 2Q 2025). Revenue is forecast to grow 3.7% p.a. on average during the next 3 years, compared to a 4.9% growth forecast for the Machinery industry in Japan. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has increased by 37% per year, which means it is tracking significantly ahead of earnings growth.
Upcoming Dividend • Sep 22Upcoming dividend of JP¥70.00 per shareEligible shareholders must have bought the stock before 29 September 2025. Payment date: 08 December 2025. Payout ratio is a comfortable 32% but the company is not cash flow positive. Trailing yield: 3.0%. Lower than top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (2.0%).
Price Target Changed • Aug 30Price target increased by 25% to JP¥5,230Up from JP¥4,200, the current price target is provided by 1 analyst. New target price is 16% above last closing price of JP¥4,520. Stock is up 14% over the past year. The company is forecast to post earnings per share of JP¥419 for next year compared to JP¥450 last year.
分析記事 • Aug 22Noritake's (TSE:5331) Dividend Will Be ¥70.00Noritake Co., Limited ( TSE:5331 ) has announced that it will pay a dividend of ¥70.00 per share on the 8th of...
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
Reported Earnings • Aug 08First quarter 2026 earnings released: EPS: JP¥86.89 (vs JP¥112 in 1Q 2025)First quarter 2026 results: EPS: JP¥86.89 (down from JP¥112 in 1Q 2025). Revenue: JP¥33.4b (down 3.9% from 1Q 2025). Net income: JP¥2.47b (down 24% from 1Q 2025). Profit margin: 7.4% (down from 9.3% in 1Q 2025). Revenue is forecast to grow 3.7% p.a. on average during the next 3 years, compared to a 4.7% growth forecast for the Machinery industry in Japan. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has increased by 29% per year, which means it is tracking significantly ahead of earnings growth.
分析記事 • Aug 08Noritake (TSE:5331) Will Pay A Dividend Of ¥70.00Noritake Co., Limited's ( TSE:5331 ) investors are due to receive a payment of ¥70.00 per share on 8th of December...
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.
分析記事 • Jul 24Noritake (TSE:5331) Will Pay A Dividend Of ¥70.00Noritake Co., Limited ( TSE:5331 ) has announced that it will pay a dividend of ¥70.00 per share on the 8th of...
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
分析記事 • Jul 09Noritake (TSE:5331) Will Pay A Dividend Of ¥70.00Noritake Co., Limited ( TSE:5331 ) will pay a dividend of ¥70.00 on the 8th of December. This will take the dividend...
Declared Dividend • Jul 09Final dividend of JP¥70.00 announcedShareholders will receive a dividend of JP¥70.00. Ex-date: 29th September 2025 Payment date: 8th December 2025 Dividend yield will be 3.8%, which is higher than the industry average of 2.1%. Sustainability & Growth Dividend is covered by earnings (32% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 17% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 12% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
Reported Earnings • Jun 27Full year 2025 earnings: Revenues and EPS in line with analyst expectationsFull year 2025 results: EPS: JP¥450 (up from JP¥396 in FY 2024). Revenue: JP¥138.2b (flat on FY 2024). Net income: JP¥12.9b (up 13% from FY 2024). Profit margin: 9.4% (up from 8.3% in FY 2024). Revenue was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst expectations. Revenue is forecast to grow 3.2% p.a. on average during the next 3 years, compared to a 4.5% growth forecast for the Machinery industry in Japan. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has increased by 22% per year, which means it is tracking significantly ahead of earnings growth.
分析記事 • May 16Concerns Surrounding Noritake's (TSE:5331) PerformanceThe recent earnings posted by Noritake Co., Limited ( TSE:5331 ) were solid, but the stock didn't move as much as we...
Reported Earnings • May 10Full year 2025 earnings: Revenues and EPS in line with analyst expectationsFull year 2025 results: EPS: JP¥450 (up from JP¥396 in FY 2024). Revenue: JP¥138.2b (flat on FY 2024). Net income: JP¥12.9b (up 13% from FY 2024). Profit margin: 9.4% (up from 8.3% in FY 2024). Revenue was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst expectations. Revenue is forecast to grow 3.7% p.a. on average during the next 2 years, compared to a 4.4% growth forecast for the Machinery industry in Japan. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has increased by 21% per year, which means it is tracking significantly ahead of earnings growth.
お知らせ • May 09Noritake Co., Limited, Annual General Meeting, Jun 26, 2025Noritake Co., Limited, Annual General Meeting, Jun 26, 2025.
分析記事 • Apr 15Potential Upside For Noritake Co., Limited (TSE:5331) Not Without RiskWith a price-to-earnings (or "P/E") ratio of 8.4x Noritake Co., Limited ( TSE:5331 ) may be sending bullish signals at...
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
Upcoming Dividend • Mar 21Upcoming dividend of JP¥65.00 per shareEligible shareholders must have bought the stock before 28 March 2025. Payment date: 03 June 2025. Payout ratio is a comfortable 32% and this is well supported by cash flows. Trailing yield: 3.5%. Lower than top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (2.1%).
Price Target Changed • Mar 18Price target decreased by 11% to JP¥4,400Down from JP¥4,960, the current price target is provided by 1 analyst. New target price is 21% above last closing price of JP¥3,625. Stock is down 14% over the past year. The company is forecast to post earnings per share of JP¥446 for next year compared to JP¥396 last year.
Reported Earnings • Feb 06Third quarter 2025 earnings released: EPS: JP¥110 (vs JP¥113 in 3Q 2024)Third quarter 2025 results: EPS: JP¥110 (down from JP¥113 in 3Q 2024). Revenue: JP¥35.2b (down 3.1% from 3Q 2024). Net income: JP¥3.15b (down 4.1% from 3Q 2024). Profit margin: 8.9% (down from 9.0% in 3Q 2024). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 3.6% p.a. on average during the next 3 years, compared to a 4.6% growth forecast for the Machinery industry in Japan. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has increased by 17% per year, which means it is tracking significantly ahead of earnings growth.
Declared Dividend • Dec 07First half dividend of JP¥65.00 announcedShareholders will receive a dividend of JP¥65.00. Ex-date: 28th March 2025 Payment date: 3rd June 2025 Dividend yield will be 3.5%, which is higher than the industry average of 2.1%. Sustainability & Growth Dividend is covered by both earnings (16% earnings payout ratio) and cash flows (60% 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 grow by 45% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
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
分析記事 • Nov 14Noritake's (TSE:5331) Profits May Not Reveal Underlying IssuesNoritake Co., Limited's ( TSE:5331 ) healthy profit numbers didn't contain any surprises for investors. We think this...
Reported Earnings • Nov 09Second 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 4.8% growth forecast for the Machinery industry in Japan. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has increased by 19% per year, which means it is tracking significantly ahead of earnings growth.
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 Japanese dividend payers (3.8%). Higher than average of industry peers (2.9%).
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 4.9% growth forecast for the Machinery industry in Japan. 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 19% 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.
Valuation Update With 7 Day Price Move • Aug 05Investor sentiment deteriorates as stock falls 21%After last week's 21% share price decline to JP¥3,110, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 12x in the Machinery industry in Japan. Total returns to shareholders of 61% over the past three years.
Buy Or Sell Opportunity • Aug 05Now 28% undervalued after recent price dropOver the last 90 days, the stock has fallen 23% to JP¥3,110. The fair value is estimated to be JP¥4,298, 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.
分析記事 • Jul 25Estimating The Intrinsic Value Of Noritake Co., Limited (TSE:5331)Key Insights Using the 2 Stage Free Cash Flow to Equity, Noritake fair value estimate is JP¥3,800 Noritake's JP¥3,935...
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 4.6%, which is higher than the industry average of 2.1%. 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: EPS and revenues miss analyst expectationsFull 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 missed analyst estimates by 1.1%. Earnings per share (EPS) also missed analyst estimates by 3.6%. Revenue is forecast to grow 3.4% p.a. on average during the next 3 years, compared to a 4.8% growth forecast for the Machinery industry in Japan. 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 24% 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
Reported Earnings • May 11Full year 2024 earnings: EPS exceeds analyst expectations while revenues lag behindFull 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 missed analyst estimates by 1.1%. Earnings per share (EPS) exceeded analyst estimates by 93%. Revenue is forecast to grow 1.6% p.a. on average during the next 2 years, compared to a 4.7% growth forecast for the Machinery industry in Japan. 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 25% per year, which means it is significantly lagging earnings growth.
お知らせ • May 11Noritake Co., Limited, Annual General Meeting, Jun 24, 2024Noritake Co., Limited, Annual General Meeting, Jun 24, 2024.
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 10Now 22% overvalued after recent price riseOver the last 90 days, the stock has risen 18% to JP¥4,240. The fair value is estimated to be JP¥3,480, 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 Japanese dividend payers (3.2%). Higher than average of industry peers (1.9%).
Buy Or Sell Opportunity • Mar 05Now 20% overvalued after recent price riseOver the last 90 days, the stock has risen 21% to JP¥8,420. The fair value is estimated to be JP¥7,009, 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
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 4.2% growth forecast for the Machinery industry in Japan. 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 31% 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 4.2% growth forecast for the Machinery industry in Japan. 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 28% 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%. Within top quartile of Japanese dividend payers (3.3%). Higher than average of industry peers (2.1%).
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 4.1% growth forecast for the Machinery industry in Japan. 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 22% per year, which means it is significantly lagging earnings growth.
Price Target Changed • Jun 19Price target increased by 36% to JP¥6,300Up from JP¥4,640, the current price target is provided by 1 analyst. New target price is 20% above last closing price of JP¥5,230. Stock is up 30% over the past year. The company is forecast to post earnings per share of JP¥764 for next year compared to JP¥695 last year.
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 15Full year 2023 earnings: EPS and revenues miss analyst expectationsFull 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 missed analyst estimates by 1.5%. Earnings per share (EPS) also missed analyst estimates by 3.0%. Revenue is forecast to grow 3.5% p.a. on average during the next 2 years, compared to a 4.2% growth forecast for the Machinery industry in Japan. 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 14% 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%. Within top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (2.4%).
Reported Earnings • Feb 03Third 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 4.5% growth forecast for the Machinery industry in Japan. 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 2% per year, which means it is significantly lagging earnings.
Major Estimate Revision • Jan 12Consensus EPS estimates increase by 11%The consensus outlook for earnings per share (EPS) in 2023 has improved. 2023 revenue forecast increased from JP¥138.5b to JP¥143.1b. EPS estimate increased from JP¥645 to JP¥714 per share. Net income forecast to shrink 1.2% next year vs 6.6% growth forecast for Machinery industry in Japan . Consensus price target down from JP¥4,640 to JP¥4,300. Share price was steady at JP¥4,010 over the past week.
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 4.1% growth forecast for the Machinery industry in Japan. 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 4% per year, which means it is significantly lagging earnings.
Price Target Changed • Nov 16Price target decreased to JP¥4,640Down from JP¥5,000, the current price target is provided by 1 analyst. New target price is 17% above last closing price of JP¥3,955. Stock is down 16% over the past year. The company is forecast to post earnings per share of JP¥645 for next year compared to JP¥628 last year.
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 Japan. 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 4% 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%. Within top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (2.4%).
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 9.2% growth forecast for the industry in Japan. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth.
Reported Earnings • May 11Full year 2022 earnings: EPS exceeds analyst expectationsFull 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. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 5.6%. Over the next year, revenue is forecast to grow 4.0%, compared to a 8.0% growth forecast for the industry in Japan. 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 5% per year.
Price Target Changed • Apr 27Price target increased to JP¥5,935Up from JP¥3,500, the current price target is an average from 2 analysts. New target price is 51% above last closing price of JP¥3,925. Stock is up 11% over the past year. The company is forecast to post earnings per share of JP¥595 for next year compared to JP¥194 last 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.
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: 2.7%. Lower than top quartile of Japanese dividend payers (3.4%). Higher than average of industry peers (2.0%).
Reported Earnings • Feb 03Third quarter 2022 earnings: EPS exceeds analyst expectations while revenues lag behindThird 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%. Earnings per share (EPS) exceeded analyst estimates by 39%. Over the next year, revenue is forecast to grow 6.2%, compared to a 8.6% growth forecast for the industry in Japan. 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 3% 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 28Investor sentiment improved over the past weekAfter last week's 17% share price gain to JP¥5,280, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 14x in the Machinery industry in Japan. Total loss to shareholders of 16% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥7,029 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 Japanese dividend payers (3.0%). Higher than average of industry peers (1.4%).
Valuation Update With 7 Day Price Move • Sep 13Investor sentiment improved over the past weekAfter last week's 15% share price gain to JP¥4,660, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 15x in the Machinery industry in Japan. Total loss to shareholders of 30% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥3,186 per share.
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 55 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 62 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 Japanese dividend payers (2.7%). Higher than average of industry peers (1.1%).
Major Estimate Revision • Mar 18Consensus EPS estimates increase to JP¥140The consensus outlook for earnings per share (EPS) in 2021 has improved. 2021 revenue forecast increased from JP¥104.9b to JP¥106.0b. EPS estimate increased from JP¥126 to JP¥140 per share. Net income forecast to grow 843% next year vs 22% growth forecast for Machinery industry in Japan. Consensus price target up from JP¥3,500 to JP¥4,500. Share price was steady at JP¥3,800 over the past week.
Is New 90 Day High Low • Feb 25New 90-day high: JP¥3,680The company is up 21% from its price of JP¥3,045 on 27 November 2020. The Japanese 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 8.0% 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 14% per year, which means it has not declined as severely as earnings.
Analyst Estimate Surprise Post Earnings • Feb 03Revenue beats expectations, earnings disappointRevenue exceeded analyst estimates by 2.4%. Earnings per share (EPS) missed analyst estimates by 33%. Over the next year, revenue is forecast to grow 4.2%, compared to a 7.4% growth forecast for the Machinery industry in Japan.
Is New 90 Day High Low • Feb 01New 90-day high: JP¥3,290The company is up 8.0% from its price of JP¥3,050 on 02 November 2020. The Japanese market is up 12% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Machinery industry, which is up 17% over the same period.
Price Target Changed • Jan 19Price target lowered to JP¥3,500Down from JP¥4,050, the current price target is provided by 1 analyst. The new target price is 12% above the current share price of JP¥3,125. As of last close, the stock is down 33% over the past year.
