In the last five years, the returns generated on capital employed have grown considerably to 5.7%, and 46% more capital is being employed now. Noritake has been growing its earnings per share at 44% a year over the past five years.
Cyborg Score Rationale
Noritake has proven it can reinvest in the business and generate higher returns on that capital employed. A remarkable 324% total return over the last five years tells investors Noritake is expected to deliver more good things in the future.
Top Insights
44% annualized EPS growth over the past five years demonstrates exceptional earnings power
324% five-year shareholder return indicates market confidence in business model
3.1% dividend yield provides attractive income stream alongside growth
Management transition underway with new CEO appointed April 2024, suggesting strategic reset period
Named Competitors
Abrasive Tools & Materials — Global grinding and polishing solutions
Industrial Ceramics — Advanced ceramic components and materials
Fine Tableware — Premium porcelain and dinnerware
Recent Developments
(November 2025) Noritake demonstrated improved capital efficiency with expanding ROCE and capital deployment
(August 2025) Dividend announced at ¥70.00 per share, continuing growth trend with 17% annualized payout increases since 2015
(April 2024) Akira Higashiyama appointed CEO signaling new strategic direction
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