Noritake Co. Ltd. Reports Consolidated Earnings Results for the First Quarter Ended June 30, 2016; Provides Earnings Guidance for the Semi-Annual and Fiscal Year of 2017; Provides Dividend Guidance for the Six Months and Year-End of Fiscal Year 2017
August 05, 2016 at 02:37 pm IST
Share
Noritake Co. Ltd. reported consolidated earnings results for the first quarter ended June 30, 2016. For the quarter, the company reported net sales of JPY 25,938 million against JPY 26,758 million a year ago. Operating income was JPY 402 million against JPY 612 million a year ago. Ordinary income was JPY 836 million against JPY 1,024 million a year ago. Net income attributable to owners of the parent was JPY 392 million or JPY 2.73 per share against JPY 830 million or JPY 5.78 per share a year ago. Income before income taxes and non-controlling interests was JPY 751 million against JPY 1,028 million a year ago.
For the half year 2016, the company expects net sales of JPY 53,000, operating income of JPY 800 million, ordinary income of JPY 1,500 million and profit attributable to owners of parent of JPY 900 or JPY 6.27 per share.
For the year 2016, the company expects net sales of JPY 109,000, operating income of JPY 2,400 million, ordinary income of JPY 3,800 million and profit attributable to owners of parent of JPY 2,400 or JPY 167.15 per share.
For the six months of fiscal year 2017, the company expects to pay an interim dividend of JPY 3.00 per share.
For the fiscal year 2017, the company expects to pay a year-end cash dividend of JPY 30.00 per share.
NORITAKE CO., LIMITED is a company mainly engaged in the industrial equipment, tableware, ceramics materials and engineering businesses. The Company has four business segments. The Industrial Equipment segment is engaged in the manufacture and sale of abrasive wheels, diamond tools and abrasive cloth/paper. The Ceramic Materials segment is engaged in the manufacture and sale of electronic paste, ceramic materials and parts, fluorescent display tubes, as well as dental-related products. The Engineering segment is engaged in the manufacture and sale of various industrial furnaces. The Tableware segment is mainly engaged in the manufacture and sale of china tableware.
Noritake Co. Ltd. Reports Consolidated Earnings Results for the First Quarter Ended June 30, 2016; Provides Earnings Guidance for the Semi-Annual and Fiscal Year of 2017; Provides Dividend Guidance for the Six Months and Year-End of Fiscal Year 2017