Noritake Co. Ltd. Announces Consolidated Earnings Results for the Nine Months Ended December 31, 2015; Provides Consolidated Earnings Guidance for the Fiscal Year Ending March 31, 2016; Expects to Pay Year End Dividend for the Fiscal Year Ending March 31, 2016
February 07, 2016 at 04:24 am EST
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Noritake Co. Ltd. announced consolidated earnings results for the nine months ended December 31, 2015. For the period, the consolidated company reported net sales of ¥80,720 million, operating income of ¥2,309 million, ordinary income of ¥3,376 million, profit attributable to owners of the parent of the company of ¥3,382 million or net income per share of ¥23.55 compared to net sales of ¥71,198 million, operating income of ¥1,347 million, ordinary income of ¥2,302 million, profit attributable to owners of the parent of the company of ¥1,289 million or net income per share of ¥8.98 for the same period last year. Income before income taxes and minority interests was ¥4,378 million against ¥2,089 million a year ago.
The company expected to pay year end dividend of ¥3.00 per share for the fiscal year ending March 31, 2016 compared to ¥3.00 per share for the same period last year.
The consolidated company expects net sales of ¥110,000 million, operating income of ¥2,800 million, ordinary income of ¥3,800 million, profit attributable to owners of the parent of ¥3,500 million or net income per share of ¥24.38 for the full year of fiscal year ending March 31, 2016.
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. Announces Consolidated Earnings Results for the Nine Months Ended December 31, 2015; Provides Consolidated Earnings Guidance for the Fiscal Year Ending March 31, 2016; Expects to Pay Year End Dividend for the Fiscal Year Ending March 31, 2016