Note : This document has been translated from a part of the Japanese original for reference purposes only. In the event ofany discrepancy between this translated document and the Japanese original, the original shall prevail.

Summary of Consolidated Financial Results
for the Three Months Ended June 30, 2024
〔Japanese GAAP〕

August 6, 2024
NORITAKE CO., LIMITED

Company name
Stock Exchange Listings
Code number
URL
Representative
Inquiries

Tokyo, Nagoya
5331
https://www.noritake.co.jp/eng/
Akira Higashiyama, Representative Director and President
Munenari Mizukuchi, Executive Officer, Finance andAccounting Dept.
(Tel: +81-52-561-7116)(Millions of Yen: Amounts less than 1 million yen are omitted)(Percentages indicate year-on-year changes)
1. Consolidated Financial Results for the Three Months Ended June 30, 2024 (from April 1,2024 to June 30, 2024)(1) Consolidated Operating Results (cumulative)
Net sales
Three months ended

Operating profit

Millions of Yen

ChangeJune 30, 2024

34,812

4.0%

2,617

11.5%

3,954

11.4%

June 30, 2023

33,463

3.9%

2,347

6.2%

3,550

3.9%

(Reference) Comprehensive income :Millions of YenOrdinary profit
Millions of Yen

ChangeThree months ended June 30, 2024 : 3,713 million yen (38.2%)
Three months ended June 30, 2023 : 6,009 million yen 38.4%

Profit attributableto owners of parent
Three months ended

ChangeMillions of Yen

Basic earnings
per share

Diluted earnings
per share

ChangeYen

Yen

June 30, 2024

3,247

6.8%

112.00－June 30, 2023

3,040

12.8%

105.27－(Note) A two-for-one common stock split was issued on April 1, 2024.
Basic earnings per share is calculated on the assumption that the stock split was conducted at
the beginning of the previous consolidated fiscal year.
(2) Consolidated Financial Position
Total assets

Total net assets

Equity ratio

Net assets
per share

Millions of Yen

Millions of Yen%

Yen

June 30, 2024

200,400

149,782

74.3

5,133.13

March 31, 2024

202,069

147,97072.8

5,074.49

As of(Reference) Equity :As of June 30, 2024 : 148,855 million yen
As of March 31, 2024 : 147,100 million yen(Note) A two-for-one common stock split was issued on April 1, 2024.
Net assets per share is calculated on the assumption that the stock split was conducted at
the beginning of the previous consolidated fiscal year.

-1-Noritake Co., Limited

2. Cash Dividends
Dividends per share
Interim (Yen)

Year-End (Yen)

Total (Yen)

Fiscal year ended March 31, 2024

120.00130.00250.00Fiscal year ending March 31, 2025－－－

Fiscal year ending March 31, 2025
65.00
65.00
130.00(Forecast)(Note) Revisions to forecast of dividends per share : None
A two-for-one common stock split was issued on April 1, 2024. For the fiscal year ended March 31, 2024,
the actual dividend amount before the stock split is shown.
3. Forecast for Fiscal Year Ending March 31, 2025
Net sales

Operating profit

Ordinary profit

Millions of Yen

ChangeMillions of Yen

ChangeMillions of Yen

ChangeFirst half

69,500

2.9%

5,000

2.3%

6,700

(3.7%)

Full year

141,000

2.2%

11,0002.7%

14,500(1.0%)

Profit attributable toowners of parent

Basic earnings
per share

Millions of Yen

ChangeYen

First half

5,800

0.1%

200.08Full year

12,0004.5%

413.96(Note) Revisions to forecast of consolidated financial results : None
4. Other information(1) Significant changes in the scope of consolidation during the period : None
(2) Adoption of accounting treatment specific to the preparation of quarterly consolidated financialstatements : None
(3) Change in accounting policies, change in accounting estimates, and restatement① Changes in accounting policies due to revision to accounting standards and other regulations : Yes② Changes in accounting policies due to other reasons : None
③ Changes in accounting estimates : None
④ Restatement : None
(4) Number of issued shares (common shares)
Issued sharesat the end of period(including treasury shares)

Treasury sharesat the end ofperiod

Average number ofshares outstanding
during the period

Three months
ended
28,993,634
June 30, 2024
Three months
As ofended
29,685,698
697,360
28,884,052
March 31,2024
June 30, 2023
(Note)A two-for-one common stock split was issued on April 1, 2024. Issued shares at the end of the period,
treasury shares at the end of the period, average number of shares outstanding during the period arecalculated on the assumption that the stock split was conducted at the beginning of the previous
consolidated fiscal year.
As ofJune 30, 2024

29,685,698

686,757-2-Noritake Co., Limited＊Cautionary Statement:
1. Review of attached consolidated quarterly financial statements by certified public accountants or anaudit firm : None
2. The performance forecast described in this report are 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 for investment purpose and so forth.

-3-

Noritake Co., Limited

CONSOLIDATED BALANCE SHEETS

AssetsCurrent 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 liabilities
Notes 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-4-

As of March 31, 2024

As of June 30, 2024

Millions of Yen

Millions of Yen

21,34330,475
5,968
12,676
15,346
7,766
3,024
(24)
96,576

18,22831,0396,510
12,61015,551
8,291
2,386
(30)
94,58818,56027,85546,415
1,943

18,88228,96947,851
2,107

47,5248,077
1,664
(132)
57,134105,493
202,069

46,237
8,128
1,619(132)55,852
105,811200,400

9,788
12,711
2,606
3,497
1,793
115
967
10,236
41,716

7,762
12,597
4,586
714
560
141
1,730
9,960
38,052614
1,689
10,077
12,38254,099611
1,771
10,182
12,56550,61815,632
18,593
87,959(1,088)121,096

15,632
18,59389,294(1,073)
122,446

19,432
2,288
4,283
26,004869
147,970
202,069

18,401
3,854
4,152
26,408927
149,782
200,400

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
OtherTotal non-operating expenses
Ordinary profit
Extraordinary income
Gain on step acquisitions
Gain on sale of non-current assets
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-5-

Three months ended
June 30, 2023
(April 1, 2023 toJune 30, 2023)
Millions of Yen
33,46324,531
8,931

Three months ended
June 30, 2024
(April 1, 2024 toJune 30, 2024)
Millions of Yen
34,812
25,163
9,649

4,114
2,470
6,584
2,347

4,496
2,535
7,031
2,617

72
516
127
155
318
70
1,261

86
544
140
73
495
50
1,390

532
19
58
3,550

336
12
52
3,954

－
17
17320
39
359

23
1
24
3,543
606
(114)
492
3,050
10
3,040

42
0
42
4,272
528
482
1,010
3,261
143,247

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-6-

Three months ended
June 30, 2023
(April 1, 2023 toJune 30, 2023)
Millions of Yen
3,050

Three months ended
June 30, 2024
(April 1, 2024 toJune 30, 2024)
Millions of Yen
3,261

1,445
1,592(92)(1,030)
1,614
(131)

12－

2,958
6,009

4523,713

5,973
35

3,651
61

Noritake Co., Limited

SEGMENT INFORMATION
Three months ended June 30, 2023 (April 1, 2023 to June 30, 2023)
Industrial
Ceramics &Engineering
Products
Materials
Net sales:
Revenue from contracts with
14,223
12,1175,550
customers
14,223
12,117
5,550
Sales to external customers
645
1,451
262
Operating profit (loss)

Three months ended June 30, 2024 (April 1, 2024 to June 30, 2024)
Industrial
Ceramics &Engineering
Products
Materials
Net sales:
Revenue from contracts with
14,086
12,6296,543
customers
14,086
12,6296,543
Sales to external customers
476
1,968
323
Operating profit (loss)(Millions of Yen)
Tabletop

Total

1,571
1,571
(12)

33,463
33,463
2,347(Millions of Yen)
Tabletop

1,552
1,552(151)

Total

34,81234,812
2,617

NOTES ON QUATERLY CONSOLIDATED FINANCIAL STATEMENTS(Notes on Significant Changes in Shareholder's Equity)
Not applicable.
(Notes on Premise of Going Concern)
Not applicable.
(Notes on quarterly consolidated statement of cash flows)
We did not prepare any quarterly consolidated statement of cash flows for the period under view. Shown below
are depreciation (including amortization expense of intangible assets, excluding goodwill) and amortization expenseof goodwill for the period under view.
(Millions of Yen)
Three months ended June 30,
Three months ended June 30,2023 (April 1, 2023 to June 30, 2024 (April 1, 2024 to June 30,2023)
2024)
Depreciation
1,183
1,243
Amortization
3-7-