Against a backdrop of strong MLCC-related demand, Noritake substantially raised its earnings forecast for the current fiscal year and announced a substantial increase in its dividend at the same time. The developments are expected to attract attention going forward.
Amid recent market trends, Noritake is reportedly seeing expanding demand, particularly in the functional ceramics field, supported by demand for components for automotive and consumer electronics applications.
Accordingly, the company indicated that it would substantially raise its earnings forecast for the current fiscal year from its previous outlook, while also significantly increasing its dividend.