Noritake Co. Limited
Noritake Co., Limited with its subsidiaries, provides industrial, ceramic and material, engineering, and tabletop products in Japan and internationally. It offers grinding and polishing tools comprising grinding wheels, CBN wheels, diamond tools, coated abrasives, coolants, and recycled products; ceramics and materials, such as vacuum fluorescent display, electronic ceramic powders, thick film ci… Read more
Noritake Co. Limited (NO4) - Net Assets
Latest net assets as of September 2025: €154.09 Billion EUR
Based on the latest financial reports, Noritake Co. Limited (NO4) has net assets worth €154.09 Billion EUR as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€211.81 Billion) and total liabilities (€57.72 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | €154.09 Billion |
| % of Total Assets | 72.75% |
| Annual Growth Rate | 7.34% |
| 5-Year Change | 32.35% |
| 10-Year Change | 89.13% |
| Growth Volatility | 7.51 |
Noritake Co. Limited - Net Assets Trend (2014–2025)
This chart illustrates how Noritake Co. Limited's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Noritake Co. Limited (2014–2025)
The table below shows the annual net assets of Noritake Co. Limited from 2014 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-03-31 | €150.86 Billion | +1.95% |
| 2024-03-31 | €147.97 Billion | +14.74% |
| 2023-03-31 | €128.96 Billion | +8.55% |
| 2022-03-31 | €118.80 Billion | +4.22% |
| 2021-03-31 | €113.98 Billion | +9.86% |
| 2020-03-31 | €103.76 Billion | -3.35% |
| 2019-03-31 | €107.35 Billion | +4.20% |
| 2018-03-31 | €103.03 Billion | +18.25% |
| 2017-03-31 | €87.12 Billion | +9.23% |
| 2016-03-31 | €79.76 Billion | -3.69% |
| 2015-03-31 | €82.82 Billion | +19.65% |
| 2014-03-31 | €69.22 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Noritake Co. Limited's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 177.6% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (March 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | €95.25 Billion | 63.51% |
| Other Components | €54.73 Billion | 36.49% |
| Total Equity | €149.98 Billion | 100.00% |
Noritake Co. Limited Competitors by Market Cap
The table below lists competitors of Noritake Co. Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Chemtrade Logistics Income Fund
PINK:CGIFF
|
$748.14 Million |
|
Parex Resources Inc
PINK:PARXF
|
$748.26 Million |
|
Mitchells & Butlers plc
PINK:MBPFF
|
$748.30 Million |
|
ZWSOFT Guangzhou Co Ltd
SHG:688083
|
$748.47 Million |
|
Ningbo Tip Rubber Technology Co Ltd
SHG:605255
|
$747.95 Million |
|
Metsa Board Oyj A
HE:METSA
|
$747.38 Million |
|
A-Mark Precious Metals Inc.
STU:AND
|
$747.09 Million |
|
Hebei Sailhero Environmental
SHE:300137
|
$746.77 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Noritake Co. Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 147,100,000,000 to 149,976,000,000, a change of 2,876,000,000 (2.0%).
- Net income of 12,939,000,000 contributed positively to equity growth.
- Dividend payments of 3,812,000,000 reduced retained earnings.
- Share repurchases of 2,503,000,000 reduced equity.
- Other factors decreased equity by 3,748,000,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €12.94 Billion | +8.63% |
| Dividends Paid | €3.81 Billion | -2.54% |
| Share Repurchases | €2.50 Billion | -1.67% |
| Other Changes | €-3.75 Billion | -2.5% |
| Total Change | €- | 1.96% |
Book Value vs Market Value Analysis
This analysis compares Noritake Co. Limited's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.01x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-03-31 | €5846.19 | €34.80 | x |
| 2018-03-31 | €6940.84 | €34.80 | x |
| 2019-03-31 | €7219.70 | €34.80 | x |
| 2020-03-31 | €6985.99 | €34.80 | x |
| 2021-03-31 | €7684.46 | €34.80 | x |
| 2022-03-31 | €8183.47 | €34.80 | x |
| 2023-03-31 | €8881.75 | €34.80 | x |
| 2024-03-31 | €5074.45 | €34.80 | x |
| 2025-03-31 | €5286.09 | €34.80 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Noritake Co. Limited utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 8.63%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 9.36%
- • Asset Turnover: 0.70x
- • Equity Multiplier: 1.32x
- Recent ROE (8.63%) is above the historical average (6.32%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2014 | 1.91% | 1.48% | 0.75x | 1.73x | €-5.55 Billion |
| 2015 | 2.61% | 2.08% | 0.68x | 1.85x | €-5.83 Billion |
| 2016 | 5.75% | 4.02% | 0.81x | 1.77x | €-3.26 Billion |
| 2017 | 4.89% | 3.77% | 0.76x | 1.70x | €-4.29 Billion |
| 2018 | 13.48% | 11.39% | 0.75x | 1.57x | €3.47 Billion |
| 2019 | 9.36% | 7.72% | 0.83x | 1.46x | €-667.60 Million |
| 2020 | 3.39% | 2.83% | 0.83x | 1.45x | €-6.65 Billion |
| 2021 | 2.53% | 2.62% | 0.69x | 1.40x | €-8.29 Billion |
| 2022 | 7.68% | 7.10% | 0.78x | 1.38x | €-2.74 Billion |
| 2023 | 7.82% | 7.19% | 0.77x | 1.41x | €-2.79 Billion |
| 2024 | 7.80% | 8.32% | 0.68x | 1.37x | €-3.23 Billion |
| 2025 | 8.63% | 9.36% | 0.70x | 1.32x | €-2.06 Billion |
Industry Comparison
This section compares Noritake Co. Limited's net assets metrics with peer companies in the Conglomerates industry.
Industry Context
- Industry: Conglomerates
- Average net assets among peers: $13,168,602,400
- Average return on equity (ROE) among peers: 7.84%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Noritake Co. Limited (NO4) | €154.09 Billion | 1.91% | 0.37x | $748.03 Million |
| Sumitomo Mitsui Construction Co. Ltd (72S) | $30.07 Billion | 13.97% | 7.34x | $518.52 Million |
| SGH Limited (9SG0) | $4.12 Billion | 11.28% | 2.30x | $4.92 Billion |
| BayWa Aktiengesellschaft (BYW) | $1.18 Billion | 8.31% | 3.24x | $478.06 Million |
| BayWa AktienGesellschaft Vink.N (BYW6) | $1.44 Billion | 2.74% | 3.52x | $93.47 Million |
| BayWa AG vNa (BYW6) | $630.15 Million | 3.74% | 2.71x | $94.29 Million |
| HPI AG (CEW3) | $0.00 | 0.00% | 0.00x | $157.80 |
| Ebara Jitsugyo Co.Ltd (EJI) | $7.86 Billion | 9.19% | 1.66x | $299.18 Million |
| Chargeurs SA (GET) | $279.90 Million | 7.90% | 2.16x | $77.49 Million |
| Kasumigaseki Capital Co.,Ltd. (H0A) | $27.74 Billion | 18.10% | 1.80x | $526.31 Million |
| H4W0 (H4W0) | $58.37 Billion | 3.22% | 0.57x | $15.80 Billion |