Summary of Consolidated Financial Results
for the Three Months Ended June 30, 2023
〔Japanese GAAP〕

August 4, 2023

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 & 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 Three Months of Fiscal Year 2024 (April 1, 2023 ‐ June 30, 2023)(1) Operating Results
Net Sales
Millions of Yen

Operating Profit
ChangeMillions of Yen

Ordinary Profit

ChangeMillions of Yen

Three months
33,463
3.9%
2,347
6.2%
of FY 2024
Three months
32,217
9.2%
2,209
24.9%
of FY 2023
(Note) Comprehensive income : Three months of FY 2024 : 6,009 million yen
Three months of FY 2023 : 4,343 million yen
Profit Attributableto Owners of Parent

3,550

3.9%

3,416

29.0%

38.4%
205.1%

Basic Earnings
per Share

Diluted Earningsper Share

ChangeYen

Yen

3,040

12.8%

210.54

−

2,695

20.7%

186.72−Millions of Yen

Three months
of FY 2024
Three monthsof FY 2023

Change(2) Financial Position
Total Assets

Net Assets

Ratio ofShareholders’EquityShareholders’Equityper Share

Millions of Yen

Millions of Yen%

Yen

1st quarterof FY 2024

182,219

133,32972.7

9,170.31

FY 2023

180,585

128,96171.0

8,881.90(Reference) Shareholders’ Equity : 1st quarter of FY 2024 : 132,522 million yen
FY 2023 : 128,189 million yen

2.

Dividends
Dividends per ShareFY 2023
FY 2024 (Actual)
FY 2024 (Forecast)Interim (Yen)

Year-End (Yen)

Total (Yen)

90.00

115.00205.00−−−115.00115.00230.00(Note) Revisions to forecast of dividends per share for FY 2024: None-1-Noritake Co., Limite

3. Forecast for Fiscal Year 2024 ＊Net Sales

FY 2024
Semi-annual

FY 2024

Operating Profit

Millions of Yen

ChangeMillions of Yen

ChangeMillions of Yen

Change67,500(0.4%)

3,800(16.2%)

5,300(19.5%)

141,000

1.1%

9,000

0.3%

12,000(3.3%)

Profit Attributable toOwners of Parent

FY 2024
Semi-annualFY 2024

Ordinary Profit

Basic Earnings
per Share

Millions of Yen

ChangeYen

4,700(9.2%)

325.65

10,000(0.2%)

692.87

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

1st quarterof FY 2024

14,842,849

391,544

FY 2023

14,842,849

410,151

Average number ofshares outstanding
over period

1st quarterof FY 2024
1st quarterof FY 2023

14,442,026
14,433,667＊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.

-2-Noritake Co., Limite

CONSOLIDATED BALANCE SHEETSFY 2023
As of March 31, 2023
Millions of Yen
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
OtherAllowance 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-3-

FY 2024 1Q
As of June 30, 2023
Millions of Yen

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

13,431
33,568
5,589
13,74910,444
7,600
3,089
(23)
87,44918,39927,50145,9001,934

18,60927,681
46,291
2,002

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

40,8294,367
1,440(162)
46,475
94,770182,219

9,954
10,113
12,450
1,415
1,757
165
947
5,326
42,1308,253
11,913
8,957
664
519
200
1,163
7,538
39,211

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

638
1,455
7,584
9,678
48,88915,632
18,59379,936(1,256)112,905

15,632
18,59381,285(1,205)
114,305

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

14,971
1,271
1,974
18,217806
133,329
182,219

Noritake Co., Limite

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
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 1Q(April 1, 2022 throughJune 30, 2022)
Millions of Yen
32,217
23,4118,805

FY 2024 1Q(April 1, 2023 throughJune 30, 2023)
Millions of Yen
33,46324,531
8,931

4,253
2,342
6,596
2,209

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

18
494
128
247
291
77
1,257

72
516
127
155
318
70
1,261

4
33
13
50
3,416

5
32
19
58
3,550

2
2

17
17

84
0
85
3,333
561
69
631
2,701
62,695

23
1
24
3,543
606(114)492
3,050
103,040Noritake Co., Limite

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 1Q(April 1, 2022 throughJune 30, 2022)
Millions of Yen
2,701

FY 2024 1Q(April 1, 2023 throughJune 30, 2023)
Millions of Yen
3,050(667)
2,425(153)

1,445
1,592(92)

3712

1,641
4,343

2,958
6,009

4,250
92

5,97335Noritake Co., Limite

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 1Q (April 1, 2022 through June 30, 2022)
Industrial
Ceramics &Products
Materials
Net sales:
Revenue from contracts with14,830
11,193customers
14,83011,193
Sales to external customers
760
1,469
Operating profit (loss)

FY 2024 1Q (April 1, 2023 through June 30, 2023)
Industrial
Ceramics &Products
Materials
Net sales:
Revenue from contracts with
14,223
12,117
customers
14,223
12,117
Sales to external customers
645
1,451
Operating profit (loss)-6-(Millions of Yen)
Engineering

4,663
4,663
147

Tabletop

Total

1,529
1,529
(168)

32,21732,2172,209(Millions of Yen)
Engineering

5,550
5,550
262

Tabletop

1,571
1,571
(12)

Total

33,463
33,463
2,347