NORITAKE CO., LIMITED (5331) Stock Price

Noritake operates four main business segments: Industrial Materials, Ceramic Materials, Engineering, and Tableware. Through these businesses, the company primarily engages in manufacturing and sales, while also providing related services.

The Industrial Materials segment manufactures grinding wheels, diamond tools, and polishing cloths and papers. Noritake and its subsidiaries and affiliates produce these products and sell them domestically and internationally. Noritake U.S.A., Inc. handles sales in overseas markets.

The Ceramic Materials segment manufactures electronic pastes, thick-film circuit boards, and fluorescent display tubes. Noritake Ise Electronics Corporation and Kyoritsu Material Corporation handle manufacturing, with sales conducted domestically and internationally. Kuraray Noritake Dental Corporation manufactures and sells dental-related products.

The Engineering segment manufactures industrial furnaces and static mixers. Noritake TCF and Chenxing Co., Ltd. handle manufacturing, while Noritake Machine Techno manages domestic sales. Noritake U.S.A., Inc. handles overseas market sales.

The Tableware segment manufactures ceramic tableware and related products. Noritake and its subsidiary Noritake Lanka Porcelain (Private) Limited handle manufacturing, with sales in both domestic and international markets. Noritake U.S.A., Inc. manages overseas sales.

Additionally, Noritake Mori operates as a service division that supports these business operations.

Noritake has established "VISION 2030" with a target year of fiscal 2030, aiming to become "an essential driving force for a changing society through proprietary materials and process technologies." To realize this vision, the company is strengthening its management foundation and focusing on growth areas. In particular, it is pursuing a "selection and concentration" strategy to transform its business portfolio, designating three growth domains: environment, electronics, and well-being.

Noritake's medium-term management plan, the 13th Plan (fiscal 2025 to 2027), is themed on "establishing a growth foundation." During this period, the company will pursue "ambidextrous management," balancing "building a strong profit base" with "investment for accelerating growth." The company is also working on "advancing its management foundation" to support business growth and is proceeding with business restructuring toward an optimal organizational structure.

The 13th Plan sets numerical targets for fiscal 2027: consolidated net sales of 157.5 billion yen, consolidated operating profit of 13.5 billion yen, consolidated ordinary profit of 17.5 billion yen, and ROE of 9% or higher. Through these targets, the company aims to achieve a PBR exceeding 1.0 in the near term, working to improve capital efficiency and market valuation. Specifically, it is advancing aggressive investment in growth areas and reducing strategic shareholdings.

Noritake is promoting sustainability management, advancing carbon neutrality and addressing climate change risks. The company is also focusing on strengthening human capital management and accelerating digital transformation, advancing its management foundation to support business growth and realize VISION 2030. Through these efforts, it aims to become a company that contributes to building a sustainable society.