Noritake Co.,Limited (5331) AI Stock Analysis

• Market Cap: ¥133.90B
• Dividend Yield: 2.9%
• Average Volume (3M): 66.87K
• Price to Earnings (P/E): 11.4
• Beta (1Y): 0.97
• Revenue Growth: -1.76%
• EPS Growth: 5.55%
• Country: JP
• Employees: 4,821
• Sector: Industrials
• Sector Strength: 72
• Industry: Conglomerates
• EPS (TTM): 86.90
• Shares Outstanding: 28,103,498
• 10 Day Avg. Volume: 73,620
• 30 Day Avg. Volume: 66,870
• PEG Ratio: 0.57
• Price to Book (P/B): 0.67
• Price to Sales (P/S): 0.73
• P/FCF Ratio: -20.98
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0

• Rating: 73 Outperform
• Price Target: ¥5,257.00 ▲(11.38% Upside)

Noritake Co., Limited scores well due to its strong financial performance and attractive valuation. The company's low leverage and stable profitability are significant strengths, while technical indicators suggest a neutral market sentiment. However, improvements in cash flow management could enhance the overall financial health.

Noritake Co.,Limited Business Overview & Revenue Model

Company Description

Noritake Co., Limited (5331) is a leading Japanese manufacturer specializing in fine china tableware, ceramics, and industrial products. Founded in 1904, the company operates primarily in the sectors of consumer goods and industrial materials. Noritake is renowned for its high-quality porcelain and bone china tableware, catering to both domestic and international markets, while also providing advanced ceramic technologies and products for various industries, including electronics and automotive.

How the Company Makes Money

Noritake generates revenue through multiple key streams, primarily from the sale of consumer tableware, which includes dinnerware, teacups, and decorative items. The company also earns income from its industrial products segment, which provides advanced ceramics used in electronics, automotive components, and healthcare applications. Significant partnerships with retailers and distributors globally enhance its reach and sales. Additionally, Noritake benefits from its strong brand recognition and reputation for quality, allowing it to command premium pricing for its products. The company invests in marketing and innovation to expand its product offerings and tap into emerging markets, further contributing to its earnings.

Noritake Co.,Limited Financial Statement Overview

Summary

Noritake Co., Limited shows strong financial health with a robust balance sheet characterized by low leverage and high equity backing. Profitability is stable with healthy margins, though growth could be more aggressive. The main concern is cash flow volatility, notably the recent negative free cash flow due to capital expenditures.

Income Statement

Noritake Co., Limited shows solid profitability with steady gross profit margins averaging around 28% over the years. The company has maintained a positive net profit margin, peaking at 9.4% in the most recent year. Revenue growth has been modest but consistent, with a slight increase from the previous year. EBIT and EBITDA margins are stable, demonstrating efficient cost management. However, the growth rate could be more aggressive to capture more market share.

Balance Sheet

The balance sheet reflects strong financial health with a low debt-to-equity ratio of approximately 0.04, indicating low leverage and financial risk. The equity ratio stands robustly at around 75%, signifying strong asset backing by equity. Return on Equity (ROE) is commendable at 8.6%, showcasing effective use of equity capital to generate profits. The company's strong equity position provides a buffer against uncertainties.

Cash Flow

Cash flow analysis indicates some volatility, with free cash flow turning negative in the most recent year due to significant capital expenditures. The operating cash flow to net income ratio is relatively low, suggesting potential issues in converting profits into cash. However, the company has shown capability to generate positive free cash flow in prior years, indicating potential for recovery if capital expenditures stabilize.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	136.81B	138.18B	137.91B	139.49B	127.64B	107.00B
Gross Profit	38.50B	38.63B	37.84B	35.36B	35.07B	26.67B
EBITDA	21.67B	22.45B	20.22B	17.39B	16.23B	8.92B
Net Income	12.16B	12.94B	11.48B	10.02B	9.07B	2.81B
Balance Sheet
Total Assets	200.70B	198.31B	202.07B	180.59B	163.56B	154.91B
Cash, Cash Equivalents and Short-Term Investments	16.14B	16.61B	21.34B	14.60B	14.17B	12.26B
Total Debt	21.49B	6.09B	2.72B	12.62B	6.59B	8.00B
Total Liabilities	49.80B	47.45B	54.10B	51.62B	44.76B	40.92B
Stockholders Equity	150.01B	149.98B	147.10B	128.19B	118.12B	110.92B
Cash Flow
Free Cash Flow	0.00	-4.79B	16.72B	-5.57B	8.01B	-527.00M
Operating Cash Flow	0.00	2.02B	22.04B	-213.00M	12.84B	5.90B
Investing Cash Flow	0.00	-5.26B	-3.24B	-3.52B	-5.82B	-7.60B
Financing Cash Flow	0.00	-3.03B	-13.49B	3.31B	-5.39B	1.60B

Noritake Co.,Limited Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 4720.00
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:5331, the sentiment is Positive. The current price of 4720 is below the 20-day moving average (MA) of 4765.50, above the 50-day MA of 4666.96, and above the 200-day MA of 3909.97, indicating a bullish trend. The MACD of 41.10 indicates Positive momentum. The RSI at 58.05 is Neutral, neither overbought nor oversold. The STOCH value of 50.47 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:5331.

Noritake Co.,Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
8078	―	€260.49B	5.59	13.14%	3.49%	5.50%	28.80%
5331	―	¥133.90B	11.36	8.56%	2.90%	-1.76%	5.55%
4206	―	¥237.03B	13.30	―	3.75%	5.29%	8.21%
5706	―	$782.54B	21.37	11.71%	1.11%	6.34%	-19.70%
5393	―	$360.79B	11.72	14.50%	2.29%	0.72%	5.21%
Sector *	―	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
3401	―	¥259.23B	11.24	-19.42%	3.71%	-4.80%	75.22%

Noritake Co.,Limited Corporate Events

Noritake Completes Share Repurchase and Announces Treasury Share Cancellation

Noritake Co., Limited has completed a share repurchase and announced the cancellation of these treasury shares as part of its 13th Three-Year Business Plan aimed at enhancing shareholder returns. The company repurchased 930,900 shares at a cost of 4,142,505,000 yen, with the cancellation scheduled for September 10, 2025, reflecting a strategic move to optimize capital structure and increase shareholder value.

Noritake Co., Limited Sets Share Repurchase Price and Plans Cancellation

Noritake Co., Limited has announced the determination of the purchase price for its own shares at 4,450 yen per share, with plans to repurchase up to 1,000,000 shares, representing 3.52% of its total issued shares. This strategic move is aimed at enhancing shareholder value, with the repurchased shares scheduled for cancellation on September 10, 2025, potentially impacting the company’s market positioning and share value.

Noritake Announces Share Repurchase and Cancellation Plan

Noritake Co., Limited announced a decision by its Board of Directors to repurchase up to 1,000,000 of its own shares, representing 3.52% of the total issued shares, as part of its 13th Three-Year Business Plan aimed at enhancing shareholder returns. The repurchased shares will be canceled, with the process scheduled to be completed by September 10, 2025, reflecting the company’s strategic focus on optimizing capital structure and delivering value to its shareholders.

Noritake Reports Decline in Q1 2025 Financial Results Amid Market Challenges

Noritake Co., Limited reported a decline in its financial performance for the quarter ending June 30, 2025, with net sales and profits showing a year-on-year decrease. The company experienced a drop in net sales by 3.9% and a significant decrease in operating profit by 16.4%, reflecting challenges in the market. Despite these setbacks, the company maintains a strong equity ratio and has forecasted a slight improvement in dividends for the fiscal year ending March 31, 2026, indicating a cautious optimism for future performance.