Noritake Co. Ltd. reported consolidated and non-consolidated earnings results for the year ended March 31, 2016. For the period, on consolidated basis, the company reported net sales of JPY 109,631 million against JPY 99,038 million a year ago. Operating income was JPY 3,448 million against JPY 2,191 million a year ago. Ordinary income was JPY 4,780 million against JPY 3,389 million a year ago. Net income was JPY 4,412 million or JPY 30.73 per share against JPY 2,059 million or JPY 14.34 per share a year ago. Return on average share holders' equity was 5.7% against 2.8% a year ago. Net cash provided by operating activities was JPY 6,114 million against JPY 5,066 million a year ago. Income before income taxes and minority interests was JPY 5,684 million against JPY 3,100 million a year ago. Purchase of property, plant and equipment and intangible assets was JPY 4,714 million against JPY 4,742 million a year ago.

For the period, on non-consolidated basis, the company reported net sales of JPY 60,102 million against JPY 61,854 million a year ago. Operating loss was JPY 915 million against JPY 932 million a year ago. Ordinary income was JPY 1,022 million against JPY 1,221 million a year ago. Net income was JPY 1,923 million or JPY 13.40 per share against JPY 919 million or JPY 6.40 per share a year ago.

For the half year 2016, on consolidated basis, the company expects net sales of JPY 53,000 million, operating income of JPY 800 million, ordinary income of JPY 1,500 million and profit attributable to owners of parent of JPY 900 or JPY 6.27 per share.

For the year 2016, on consolidated basis, the company expects net sales of JPY 109,000 million, operating income of JPY 2,400 million, ordinary income of JPY 3,800 million and profit attributable to owners of parent of JPY 2,400 or JPY 167.15 per share.