KK Noritake Company Limited

Latest Results (13.06.2024):

Revenue Overview FY2024

In the fiscal year ended March 31, 2024, KK Noritake Company Limited reported a slight decrease in total net sales, amounting to 137.9 billion yen, which represents a 1.1% drop from the previous year's total of 139.5 billion yen. This decline was primarily observed in the Industrial Products and Ceramics & Materials segments.

Profitability Enhancement FY2024

Despite the revenue downturn, KK Noritake Company Limited achieved significant growth in profitability. The company's operating profit increased by 19.4% to 10.7 billion yen, and ordinary profit rose by 18.0% to 14.6 billion yen. This improvement was largely due to enhanced gross profit margins and effective cost management strategies.

Dividend Announcement FY2024

Reflecting the strong financial performance and confidence in future cash flows, KK Noritake Company Limited announced a year-end dividend of 130 yen per share for FY2024. This brings the annual dividend to 250 yen per share, rewarding shareholders for their continued investment and support.

Segment Performance FY2024

For FY2024, KK Noritake Company Limited saw varied performance across its business segments. The Engineering segment outperformed with a 10.2% increase in sales, driven by strong demand in heating/drying furnaces for lithium-ion batteries. Conversely, the Ceramics & Materials segment faced challenges, with sales declining by 5.2% due to reduced demand for ceramic raw materials.

Financial Position and Outlook FY2024

As of March 31, 2024, KK Noritake Company Limited strengthened its financial position, with total assets increasing by 21.5 billion yen to 202.1 billion yen. Shareholders’ equity also saw a significant rise, improving the equity ratio from 71.0% to 72.8%. Looking ahead to FY2025, the company forecasts net sales to grow to 141.0 billion yen and aims to further increase operating profit to 11.0 billion yen.