Noritake Co.,Limited (JP:5331)
:5331
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Noritake Co.,Limited
(5331)
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Rating:69Neutral
Price Target:
¥3,789.00
▼(-34.22% Downside)
Action:Downgraded
Date:05/13/26
The score is held back primarily by weak and volatile cash generation (negative free cash flow in 2025–2026) despite solid profitability and a strong, low-leverage balance sheet. Technicals are supportive with an uptrend and positive MACD, but overbought readings add near-term risk. Valuation is reasonably attractive with a moderate P/E and a ~2.3% dividend yield.
Positive Factors
Conservative Balance Sheet
Very low leverage provides durable financial flexibility: supports capital spending, cyclical resilience, and the ability to sustain dividends or fund strategic investments without relying on volatile external financing, improving the firm's shock absorption over months.
Negative Factors
Weak Cash Conversion
Consistent negative FCF across recent years shows earnings are not reliably converting to cash, constraining self-funding of capex, dividends or buybacks. Over 2-6 months this raises execution risk and could force external funding or reduced discretionary spend.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative Balance Sheet
Very low leverage provides durable financial flexibility: supports capital spending, cyclical resilience, and the ability to sustain dividends or fund strategic investments without relying on volatile external financing, improving the firm's shock absorption over months.
Read all positive factors
Noritake Co.,Limited (5331) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥184.13B
Dividend Yield2.68%
Average Volume (3M)72.41K
Price to Earnings (P/E)7.8
Beta (1Y)0.99
Revenue Growth3.42%
EPS Growth13.11%
CountryJP
Employees4,821
SectorIndustrials
Sector Strength72
IndustryConglomerates
Share Statistics
EPS (TTM)221.58
Shares Outstanding56,206,997
10 Day Avg. Volume57,480
30 Day Avg. Volume72,413
Financial Highlights & Ratios
PEG Ratio0.93
Price to Book (P/B)1.04
Price to Sales (P/S)1.21
P/FCF Ratio-42.60
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)255.3
Revenue Forecast (FY)¥143.80B
Noritake Co.,Limited Business Overview & Revenue Model
Company Description
Noritake Co., Limited manufactures and sells industrial, ceramic and material, tabletop, and engineering products in Japan and internationally. The company offers industrial products, such as abrasive wheels, coated abrasives, diamond and CBN tool...
How the Company Makes Money
Noritake makes money primarily by manufacturing and selling products across consumer and industrial markets. A key revenue stream is branded tableware, where the company earns sales from porcelain/china dinnerware and related household items sold ...
Noritake Co.,Limited Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
86
Very Positive
Cash Flow
38
Negative
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 137.38B | 142.91B | 138.18B | 137.91B | 139.49B | 127.64B |
| Gross Profit | 39.17B | 40.97B | 37.28B | 36.51B | 34.03B | 33.74B |
| EBITDA | 15.43B | 16.73B | 15.35B | 15.52B | 13.75B | 14.07B |
| Net Income | 12.43B | 14.18B | 12.94B | 11.48B | 10.02B | 9.07B |
Balance Sheet | ||||||
| Total Assets | 224.74B | 230.08B | 198.31B | 202.07B | 180.59B | 163.56B |
| Cash, Cash Equivalents and Short-Term Investments | 22.41B | 19.57B | 16.61B | 21.34B | 14.60B | 14.17B |
| Total Debt | 32.80B | 13.15B | 6.55B | 2.97B | 12.79B | 6.75B |
| Total Liabilities | 64.10B | 62.33B | 47.45B | 54.10B | 51.62B | 44.76B |
| Stockholders Equity | 159.66B | 166.74B | 149.98B | 147.10B | 128.19B | 118.12B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | -4.07B | -4.79B | 16.72B | -5.57B | 8.01B |
| Operating Cash Flow | 0.00 | 10.04B | 2.02B | 22.04B | -213.00M | 12.84B |
| Investing Cash Flow | 0.00 | -7.71B | -5.26B | -3.24B | -3.52B | -5.82B |
| Financing Cash Flow | 0.00 | -1.54B | -3.03B | -13.49B | 3.31B | -5.39B |
Noritake Co.,Limited Technical Analysis
Positive
5760.00
Price Trends
3281.04
Positive
3177.71
Positive
2762.86
Positive
Market Momentum
59.18
Positive
51.72
Neutral
31.42
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 5760 is above the 20-day moving average (MA) of 3411.25, above the 50-day MA of 3281.04, and above the 200-day MA of 2762.86, indicating a bullish trend. The MACD of 59.18 indicates Positive momentum. The RSI at 51.72 is Neutral, neither overbought nor oversold. The STOCH value of 31.42 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
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
79 Outperform | ¥617.79B | 17.43 | 13.63% | 1.95% | -1.79% | 1.03% | |
73 Outperform | ¥177.28B | 10.76 | ― | 2.66% | -4.58% | 51.25% | |
69 Neutral | ¥184.13B | 7.84 | 8.27% | 2.68% | 3.42% | 13.11% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
63 Neutral | ¥915.68B | 9.71 | 7.53% | 3.13% | 0.89% | -6.71% | |
61 Neutral | ¥4.43B | 10.21 | ― | 2.79% | 4.46% | 21.15% | |
46 Neutral | ¥307.83B | -3.58 | -20.43% | 3.72% | -13.16% | -410.43% |
* Industrials Sector Average
JP:5331
Noritake Co.,Limited
3,300.00
1,561.38
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Noritake Co.,Limited Corporate Events
Noritake Board Rejects Shareholder Bid to Shift Dividend Authority
May 12, 2026
Noritake’s board has formally opposed shareholder proposals submitted by INTERTRUST TRUSTEES (CAYMAN) LIMITED, acting as trustee of JAPAN-UP, and Strategic Capital, Inc. for the upcoming 145th Annual Shareholders’ Meeting. The key prop...
Noritake Raises Year-End Dividend and Commits to Progressive Payout Policy
May 12, 2026
Noritake Co., Limited has approved a year-end dividend of 100 yen per share for the fiscal year ended March 31, 2026, exceeding its previous forecast of 80 yen and rising from 70 yen a year earlier. The total dividend for the year will be 180 yen ...
Noritake boosts profits and dividends on stronger FY2026 results
May 12, 2026
Noritake Co., Limited reported steady growth for the fiscal year ended March 31, 2026, with net sales rising 3.4% to ¥142.9 billion and profit attributable to owners of the parent up 9.6% to ¥14.2 billion. Operating profit and ordinary p...
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.