Summary of Consolidated Financial Results
for the Nine Months Ended December 31, 2023
〔Japanese GAAP〕

February 7, 2024

NORITAKE CO., LIMITED

Company Name
Stock Exchange Listings
Code Number
URL
Representative
Contact Person

Tokyo, Nagoya
5331
https://www.noritake.co.jp/eng/
Hiroshi Kato, President
Munenari Mizukuchi,
Executive Officer Finance and Accounting Dept.
(Tel: +81-52-561-7116)(Fiscal Year 2024 : Year ending March 31, 2024)(Millions of Yen: Amounts less than 1 million yen are omitted.)(Percentages indicate year-on-year changes)

1. Consolidated Financial Results for the Nine Months of Fiscal Year 2024 (April 1,2023‐December 31,2023)(1) Operating Results
Net Sales
Millions of Yen

Operating Profit
ChangeMillions of Yen

Ordinary Profit

ChangeMillions of Yen

ChangeNine months
103,895(0.0%)
8,052
15.8%
11,005of FY 2024
Nine months
103,935
10.7%
6,956
3.8%
9,785
of FY 2023
(Note) Comprehensive income : Nine months of FY 2024 : 11,568 million yen 22.7%
Nine months of FY 2023 : 9,424 million yen 57.8%
Profit Attributableto Owners of Parent

6.4%

Basic Earnings
per ShareDiluted Earnings
per Share

ChangeYen

Yen

9,077

5.7%

627.17

−

8,585

21.9%

594.83−

Millions of Yen

Nine months
of FY 2024
Nine months
of FY 2023

12.5%

(2) Financial Position
Total Assets

Net Assets

Ratio of
Shareholders’EquityShareholders’Equityper Share

Millions of Yen

Millions of Yen%

Yen

3rd quarterof FY 2024

187,167

137,24172.9

9,411.48

FY 2023

180,585

128,96171.0

8,881.90(Reference) Shareholders’ Equity : 3rd quarter of FY 2024 : 136,413 million yen
FY 2023 : 128,189 million yen

2. DividendsDividends per Share
Interim (Yen)

Year-End (Yen)

Total (Yen)FY 202390.00

115.00205.00FY 2024 (Actual)

120.00−−−120.00240.00FY 2024 (Forecast)(Note) Revisions to forecast of dividends per share for FY 2024: None-1-Noritake Co., Limited

3. Forecast for Fiscal Year 2024 ＊Net Sales

FY 2024

Operating Profit

Millions of Yen

ChangeMillions of Yen

ChangeMillions of Yen

Change139,000(0.4%)

10,00011.5%

13,5008.8%

Profit Attributable toOwners of Parent

FY 2024

Ordinary Profit

Basic Earningsper Share

Millions of Yen

ChangeYen

11,0009.7%758.90(Note) Revisions to forecast of consolidated financial results : None

4. Other Information(1) Status changes of specified subsidiaries involving changes in the scope of consolidation : None
(2) Adoption of accounting methods used specifically for quarterly consolidated financial statements : None
(3) Change in accounting policies, accounting estimates or restatement① Changes in accordance with revision of accounting standards : None
② Other changes in accounting policies : None
③ Changes in accounting estimates : None
④ Restatement : None
(4) Number of shares outstanding (Common Shares)
Outstanding sharesat end of period(including treasury shares)

Treasury sharesat end of period

3rd quarterof FY 2024

14,842,849

348,455

FY 2023

14,842,849

410,151

Average number ofshares outstanding
over period

3rd quarterof FY 2024
3rd quarterof FY 2023

14,473,583
14,433,441＊Cautionary Statement:
1. This report is not subject to quarterly review procedures by certified public accountants or auditing
firms.
2. Forecast for FY 2024 is based on management’s assumptions and beliefs in the light of information
currently available. A number of important risks and uncertainties could cause actual results to differ
materially from it, therefore Noritake suggests that you should not place undue reliance on it forinvestment purpose and so forth.
(Note) This document has been translated from a part of the Japanese original for reference purposes
only. In the event of any discrepancy between this translated document and the Japanese original, theoriginal shall prevail.

-2-

Noritake Co., Limited

CONSOLIDATED BALANCE SHEETSFY 2023
As of March 31, 2023
Millions of YenAssets
Current assets
Cash and deposits
Notes and accounts receivable - trade
Electronically recorded monetary claims - operating
Merchandise and finished goods
Work in process
Raw materials and supplies
Other
Allowance for doubtful accounts
Total current assets
Non-current assets
Property, plant and equipment
Buildings and structures, net
Other, net
Total property, plant and equipment
Intangible assets
Investments and other assets
Investment securities
Retirement benefit asset
Other
Allowance for doubtful accounts
Total investments and other assets
Total non-current assets
Total assets
Liabilities
Current liabilitiesNotes and accounts payable - trade
Electronically recorded obligations - operating
Short-term borrowings
Income taxes payable
Provisions
Notes payable - facilities
Electronically recorded obligations - non-operating
Other
Total current liabilities
Non-current liabilities
Provisions
Retirement benefit liability
Other
Total non-current liabilities
Total liabilities
Net assets
Shareholders' equity
Share capital
Capital surplus
Retained earnings
Treasury shares
Total shareholders' equity
Accumulated other comprehensive income
Valuation difference on available-for-sale securities
Foreign currency translation adjustment
Remeasurements of defined benefit plans
Total accumulated other comprehensive income
Non-controlling interests
Total net assets
Total liabilities and net assets-3-

FY 2024 3Q
As of December 31, 2023
Millions of Yen

14,601
36,318
5,037
12,7698,739
8,075
3,189(128)88,603

16,39333,3406,374
12,808
12,611
7,853
2,711
(27)
92,065

18,39927,50145,9001,934

18,477
27,694
46,171
1,926

38,411
4,359
1,587(210)
44,14891,982
180,585

41,260
4,434
1,471
(162)
47,003
95,101187,167

9,954
10,113
12,450
1,415
1,757
165
947
5,326
42,1309,203
12,110
5,416
2,119
506
90
961
10,39740,805

780
1,449
7,263
9,493
51,623

579
1,490
7,051
9,120
49,926

15,632
18,59379,936(1,256)112,905

15,632
18,59385,556(1,086)
118,695

13,526(308)
2,066
15,284772
128,961
180,585

14,8601,078
1,778
17,717827
137,241
187,167

Noritake Co., Limited

CONSOLIDATED STATEMENTS OF INCOME

Net sales
Cost of sales
Gross profit
Selling, general and administrative expenses
Selling expenses
General and administrative expenses
Total selling, general and administrative expenses
Operating profit
Non-operating income
Interest income
Dividend income
Rental income
Foreign exchange gains
Share of profit of entities accounted for using equity method
Other
Total non-operating income
Non-operating expenses
Interest expenses
Rental expenses on non-current assets
Other
Total non-operating expenses
Ordinary profit
Extraordinary income
Gain on sale of non-current assets
Gain on sale of investment securities
Total extraordinary income
Extraordinary losses
Loss on disposal of non-current assets
Loss on valuation of investment securities
Total extraordinary losses
Profit before income taxes
Income taxes - current
Income taxes - deferred
Total income taxes
ProfitProfit attributable to non-controlling interests
Profit attributable to owners of parent-4-

FY 2023 3Q(April 1, 2022 throughDecember 31, 2022)
Millions of Yen
103,935
77,27926,656

FY 2024 3Q(April 1, 2023 throughDecember 31, 2023)
Millions of Yen
103,895
75,551
28,34312,805
6,894
19,6996,956

12,887
7,403
20,2908,052

941,040383
184
1,099
201
3,002

218
1,009
399
121
1,210
167
3,126

19
98
55
173
9,785

17
105
51
174
11,005

223
626
849

19
1,203
1,222

260
0
261
10,373
1,719
54
1,773
8,600
14
8,585

494
1
496
11,731
3,245
(620)
2,625
9,106
29
9,077

Noritake Co., Limited

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME

ProfitOther comprehensive income
Valuation difference on available-for-sale securities
Foreign currency translation adjustment
Remeasurements of defined benefit plans, net of tax
Share of other comprehensive income of entities accounted for using
equity method
Total other comprehensive income
Comprehensive income
Comprehensive income attributable toComprehensive income attributable to owners of parent
Comprehensive income attributable to non-controlling interests-5-

FY 2023 3Q(April 1, 2022 throughDecember 31, 2022)
Millions of Yen
8,600

FY 2024 3Q(April 1, 2023 throughDecember 31, 2023)
Millions of Yen
9,106(498)
1,577(287)

1,334
1,396(287)

32

17824
9,424

2,461
11,5689,364
60

11,51156

Noritake Co., Limited

NOTES ON QUATERLY CONSOLIDATED FINANCIAL STATEMENTS(Notes on Premise of Going Concern)
Not applicable.
(Notes on Significant Changes in Shareholder's Equity)
Not applicable.

SEGMENT INFORMATION
FY 2023 3Q (April 1, 2022 through December 31, 2022)
Industrial
Ceramics &Products
Materials
Net sales:
Revenue from contracts with
43,98837,683customers
43,98837,683
Sales to external customers
2,114
3,837
Operating profit (loss)

FY 2024 3Q (April 1, 2023 through December 31, 2023)
Industrial
Ceramics &Products
Materials
Net sales:
Revenue from contracts with
42,09535,839customers
42,09535,839
Sales to external customers
1,783
4,796
Operating profit (loss)-6-(Millions of Yen)
Engineering

17,021
17,021
1,155

Tabletop

Total

5,241
5,241
(150)

103,935
103,935
6,956(Millions of Yen)
Engineering

20,624
20,624
1,529

Tabletop

5,336
5,336
(56)

Total

103,895
103,895
8,052