NOTICE OF SETTLEMENT
OF
NON-CONSOLIDATED ACCOUNTS
March 31, 2000

Noritake Co.,Limited
1-36,Noritake-Shinmachi 3-chome,Nishi-ku,Nagoya 451-8501,Japan
The Company's shares are listed on the First Section of Nagoya, Tokyo, Osaka and Sapporo Stock Exchange. (Securities Code No.5331)
(1)Date of the meeting of Board of Directors to settle accounts...May 23, 2000
(2)Date of the annual general meeting of shareholders.............June 29, 2000
(3)The Company has a policy of paying interim dividends.
(4)An Inquiry relating to this notice should be made to:
Hitoshi Tanemura,Director and General Manager of Accounting and Financing Dept.
Tel :(052)561-7116

1.Business Results for the Current Fiscal Year
(From April 1, 1999 to March 31, 2000)

(1) Results from Operation
Net Sales
( Increase over the Preceding FY )
Operating Income
( Increase over the Preceding FY )
Ordinary Income
( Increase over the Preceding FY )
For the Fiscal Year
ended March 31,2000
ended March 31,1999
(mil.yen) (%)
91,463 ( -5.2)
96,514 ( -6.7)
(mil.yen) (%)
1,810 ( -24.8)
2,406 ( -35.6)
(mil.yen) (%)
2,822 ( -14.6)
3,305 ( -25.3)

Net Income
( Increase over the Preceding FY )
 Net Income
per Share		 Fully Diluted
Net Income per Share
For the Fiscal Year
ended March 31,2000
ended March 31,1999
(mil.yen) (%)
1,700 ( -11.6)
1,923 ( -12.6)
(yen)
10.57
11.95
(yen)
----
----

Ratio of Net Income to
Shareholders' Equity		 Ratio of Ordinary
Income to Total Assets		 Ratio of Ordinary
Income to Net Sales
For the Fiscal Year
ended March 31,2000
ended March 31,1999
(%)
2.7
3.1
(%)
2.9
3.5
(%)
3.1
3.4

Notes: 1. Average number of shares during : FY2000 : 160,853 thousand
FY1999 : 160,928 thousand
2. Changes in accounting policies : None

(2) Financial Position

Total Dividends
per Share		 Year-End Dividends
per Share		 Interim Dividends
per Share
For the Fiscal Year
ended March 31,2000
ended March 31,1999
(yen)
9.00
9.00
(yen)
4.50
4.50
(yen)
4.50
4.50

Total Dividends Payout Ratio Ratio of Dividends to
Shareholders' Equity
For the Fiscal Year
ended March 31,2000
ended March 31,1999
(mil.yen)
1,437
1,448
(%)
84.5
75.3
(%)
2.3
2.3

Total Assets
(A)		 Shareholders' Equity
(B)		 (B) / (A)
For the Fiscal Year
ended March 31,2000
ended March 31,1999
(mil.yen)
100,735
93,864
(mil.yen)
62,968
63,337
(%)
62.5
67.5

Shareholders' Equity
per Share
For the Fiscal Year
ended March 31,2000
ended March 31,1999
(yen)
397.46
393.58

Note : Number of outstanding shares at the end of the fiscal year
The Current Fiscal Year : 158,428 thousand shares
The Preceding Fiscal Year : 160,928 thousand shares
(Common stock with par value : round lot equal to 1,000 shares)

2. Business Outlook for Fiscal Year Ending March 31, 2001

(From April 1, 2000 to March 31, 2001)

Net Sales Ordinary Income Net Income

The Interim period
Through the period
(mil.yen)
44,600
92,000
(mil.yen)
1,300
2,900
(mil.yen)
800
1,800

Interim Dividends
per Share		 Year-End Dividends
per Share		 Total Dividends
per Share

The Interim period
Through the period
(yen)
4.50
-
(yen)
-
4.50
(yen)
-
9.00

(Reference) Projected net income per share (through the period) 11.36 yen

NORITAKE CO., LIMITED