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Noritake Co.,Limited (JP:5331)
:5331

Noritake Co.,Limited (5331) AI Stock Analysis

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Noritake Co.,Limited

(Frankfurt:5331)

Rating:77Outperform
Price Target:
¥4,128.00
▲(10.82%Upside)
Noritake Co., Limited's stock is supported by a strong financial foundation and attractive valuation metrics, with a low P/E ratio and solid dividend yield. The technical analysis shows stability, aligning with the company's strong balance sheet. However, improvements in cash flow management and growth strategies could further enhance the stock's appeal.

Noritake Co.,Limited (5331) vs. iShares MSCI Japan ETF (EWJ)

Noritake Co.,Limited Business Overview & Revenue Model

Company DescriptionNoritake Co., Limited, founded in 1904, is a Japanese company primarily engaged in the production and sale of ceramics and related products. The company operates in several sectors, including industrial products, tableware, and electronic materials. Noritake is renowned for its high-quality porcelain tableware and has diversified its portfolio to include industrial grinding wheels, ceramic engineering products, and electronic pastes, serving a wide range of industries worldwide.
How the Company Makes MoneyNoritake Co., Limited generates revenue through a diversified business model that encompasses multiple sectors. The company's primary revenue streams include the sale of high-end porcelain tableware, which is marketed to both domestic and international markets. Additionally, Noritake's industrial products division contributes significantly to its earnings by providing grinding wheels and other ceramic engineering products used in manufacturing and industrial processes. The electronic materials sector adds another layer of revenue through the sale of electronic pastes and materials used in electronics manufacturing. Noritake's earnings are further bolstered by strategic partnerships and a strong distribution network that extends its reach to global markets.

Noritake Co.,Limited Financial Statement Overview

Summary
Noritake Co., Limited exhibits solid profitability and financial health with a robust balance sheet. However, cash flow volatility and the need for growth improvements slightly temper the overall financial performance.
Income Statement
75
Positive
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
80
Positive
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
65
Positive
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.
BreakdownTTMMar 2025Mar 2024Mar 2023Mar 2022Mar 2021
Income Statement
Total Revenue139.01B138.18B137.91B139.49B127.64B107.00B
Gross Profit38.92B38.63B37.84B35.36B35.07B26.67B
EBITDA15.42B22.45B20.22B17.39B16.23B8.92B
Net Income11.60B12.94B11.48B10.02B9.07B2.81B
Balance Sheet
Total Assets201.98B198.31B202.07B180.59B163.56B154.91B
Cash, Cash Equivalents and Short-Term Investments18.78B16.61B21.34B14.60B14.17B12.26B
Total Debt9.47B6.09B2.72B12.62B6.59B8.00B
Total Liabilities50.83B47.45B54.10B51.62B44.76B40.92B
Stockholders Equity150.22B149.98B147.10B128.19B118.12B110.92B
Cash Flow
Free Cash Flow0.00-4.79B16.72B-5.57B8.01B-527.00M
Operating Cash Flow0.002.02B22.04B-213.00M12.84B5.90B
Investing Cash Flow0.00-5.26B-3.24B-3.52B-5.82B-7.60B
Financing Cash Flow0.00-3.03B-13.49B3.31B-5.39B1.60B

Noritake Co.,Limited Technical Analysis

Technical Analysis Sentiment
Positive
Last Price3725.00
Price Trends
50DMA
3649.60
Positive
100DMA
3575.50
Positive
200DMA
3667.70
Positive
Market Momentum
MACD
11.52
Negative
RSI
63.17
Neutral
STOCH
88.74
Negative
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 3725 is above the 20-day moving average (MA) of 3636.25, above the 50-day MA of 3649.60, and above the 200-day MA of 3667.70, indicating a bullish trend. The MACD of 11.52 indicates Negative momentum. The RSI at 63.17 is Neutral, neither overbought nor oversold. The STOCH value of 88.74 is Negative, 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

Overall Rating
UnderperformOutperform
Sector (71)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
81
Outperform
$371.07B11.3815.22%2.00%2.86%20.93%
81
Outperform
$286.35B4.4320.86%3.00%10.15%148.74%
79
Outperform
€224.32B4.9012.33%3.80%5.04%19.14%
78
Outperform
¥236.18B13.58
3.65%5.10%12.42%
77
Outperform
¥105.20B8.168.66%3.81%0.20%13.68%
71
Outperform
¥252.71B13.128.49%3.08%6.31%13.02%
64
Neutral
$227.53B8.05-17.62%4.14%-2.64%167.02%
* Industrials Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
JP:5331
Noritake Co.,Limited
3,725.00
-305.34
-7.58%
JP:4206
Aica Kogyo Company, Limited
3,620.00
235.04
6.94%
JP:8078
Hanwa Co., Ltd.
5,720.00
74.67
1.32%
JP:5706
Mitsui Mining and Smelting Company
5,168.00
-22.45
-0.43%
JP:5393
Nichias
5,537.00
802.59
16.95%
JP:3401
Teijin
1,212.00
-57.99
-4.57%

Noritake Co.,Limited Corporate Events

Noritake Announces Treasury Shares Disposal for Stock Compensation
May 30, 2025

Noritake Co., Limited has announced a resolution to dispose of 167,000 treasury shares as part of a performance-linked stock compensation plan aimed at motivating its directors and executive officers. This strategic move is designed to enhance corporate value over the medium to long term, with the shares being allocated to The Master Trust Bank of Japan, Ltd. The disposal is expected to have a minor impact on the stock market, with a dilution rate of 0.58%, and is seen as a reasonable step to support the company’s growth objectives.

Noritake Co., Limited Reports Fiscal Year 2025 Financial Results with Increased Profit
May 9, 2025

Noritake Co., Limited reported its consolidated financial results for the fiscal year ended March 31, 2025, with net sales of 138,182 million yen, a slight increase of 0.2% year-on-year. Despite a decrease in operating and ordinary profits, the company saw a 12.7% rise in profit attributable to owners of the parent. The company also announced a reduction in dividends per share for the year, reflecting a cautious approach amid changing market conditions.

Noritake Co., Limited Announces Change in Dividend Policy
May 9, 2025

Noritake Co., Limited has announced a change in its dividend policy, increasing the consolidated dividend payout ratio from 30% to 35% starting from the fiscal year ending March 31, 2026. The company aims to implement a progressive dividend payment strategy with a minimum annual dividend of 140 yen per share and a total return ratio of 50% or more over three fiscal years, reflecting its commitment to sustainable growth and enhanced shareholder returns.

Noritake Unveils 13th Three-Year Business Plan Targeting Growth and Innovation
May 9, 2025

Noritake Co., Limited has announced its 13th Three-Year Business Plan, covering fiscal years 2025 to 2027, as part of its strategy to achieve VISION2030. The plan focuses on establishing a growth base by enhancing revenue, investing in accelerated growth, and expanding into new business areas. Key initiatives include promoting sustainability, strengthening human capital management, and advancing digital transformation. The company aims for consolidated net sales of ¥157.5 billion and a consolidated operating profit of ¥13.5 billion by fiscal 2027, while also seeking high-value business opportunities through strategic alliances and innovation.

Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: Jul 04, 2025