Nichicon Corporation

Equities

6996

JP3661800007

Electrical Components & Equipment

Delayed Japan Exchange Other stock markets 02:00:00 2024-05-02 am EDT			5-day change	1st Jan Change
1,343 ^JPY	-0.52%		+5.75%	+3.47%

Apr. 11	Jefferies Starts Nichicon at Hold with 1,320 Yen Price Target	MT
2023	Atmosic and Nichicon Announce Energy Harvesting Solution to Reduce Battery Waste in the IoT	CI

Nichicon : Financial Report Q4 2022

May 17, 2023 at 03:30 am EDT

(% indicates year-on-yearchange)

May 9, 2023 Stock Exchange Listing: Tokyo

Financial Results for the Term Ended March 31, 2023

(Japanese GAAP, Consolidated)

Name of Listed Company: NICHICON CORPORATION

Code Number: 6996	URL https://www.nichicon.co.jp
Representative: Shigeo Yoshida	Title: President
Contact Person: Hitoshi Chikano	Title: Director and Senior Managing Executive Officer, General Manager of
		Corporate Communications and Investor Relations office

Phone: +81-75-231-8461

Scheduled date for Ordinary General Meeting of Shareholders: June 29, 2023

Scheduled date of dividend payment: June 29, 2023

Scheduled date for filling of securities report: June 29, 2023

Supplementary materials available on financial results: Yes

Financial results briefing: Yes (For institutional investors and analysts)

Note: Figures have been rounded down to the nearest million yen.

1. Consolidated business performance for the year ended March 31, 2023 (April 1, 2022 to March 31, 2023)

(1) Consolidated business performance

															Net income
		Net sales			Operating income		Ordinary income		attributable to
														owners of the parent

	For the year ended	¥ million		%	¥ million		%		¥ million		%	¥ million		%
	March 31, 2023	184,725		29.9	12,676		97.2	15,263		77.6		7,814		(1.1)
	March 31, 2022	142,198		22.5	6,427		308.4	8,594		185.0		7,902		363.9

	(Note) Comprehensive income: ¥8,702 million (20.7%) for the year ended March 31, 2023
		¥7,210 million (-46.6%) for the year ended March 31, 2022

		Net income		Fully diluted net		Return on equity	Ordinary income -	Operating income
		per share		income per share					total assets ratio	- sales ratio

	For the year ended	¥			¥				%				%			%
	March 31, 2023	114.22				103.21			8.2			8.4		6.9
	March 31, 2022	115.50				104.39			8.8			5.3		4.5

	(Reference) Share of profit of entities accounted for using equity method: ¥64 million for the year ended March 31, 2023
								¥267 million for the year ended March 31, 2022
(2) Consolidated financial position
		Total assets			Net assets		Shareholders'		Net assets

					equity ratio		per share


		¥ million			¥ million						%	¥
	As of March 31, 2023	192,339			101,354		51.4		1,444.66
	As of March 31, 2022	170,112			94,652		54.3		1,350.76

	(Reference) Shareholders' equity: ¥98,838 million as of March 31, 2023
		¥92,415 million as of March 31, 2022
(3) Consolidated cash flows
															Outstanding
		Cash flows from	Cash flows from		Cash flows from	balance of cash and
		operating activities	investing activities		financing activities	cash equivalents as
														of the end of term

	For the year ended	¥ million			¥ million			¥ million		¥ million
	March 31, 2023	9,186			(8,121)			5,435			25,068
	March 31, 2022	5,264			(5,974)			(2,303)			17,799

2. Dividends

		Annual dividends per share		Total cash	Payout ratio	Net asset
	1st	2nd	3rd			dividends	payout ratio
	Year-end	Annual	(Consolidated)
	quarter	quarter	quarter	(Annual)	(Consolidated)


	¥	¥	¥	¥	¥	¥ million	%	%
Apr. 2021 - Mar. 2022	-	13.00	-	14.00	27.00	1,847	23.4	2.1
Apr. 2022 - Mar. 2023	-	14.00	-	16.00	30.00	2,052	26.3	2.1

Apr. 2023 - Mar. 2024	-	16.00	-	16.00	32.00		26.7
(Forecast)

3. Forecast for consolidated business performance for the year ending March 31, 2024 (April 1, 2023 to March 31, 2024)

(% indicates year-on-year change)

							Net income		Net income
	Net sales		Operating income	Ordinary income	attributable to
			per share
							owners of the parent

	¥ million	%	¥ million	%	¥ million	%	¥ million	%	¥
Full year	186,000	0.7	10,300	(18.7)	10,800	(29.2)	8,200	4.9	119.85

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Nichicon Corporation published this content on 17 May 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 17 May 2023 07:29:06 UTC.

Latest news about Nichicon Corporation

Jefferies Starts Nichicon at Hold with 1,320 Yen Price Target	Apr. 11	MT
Atmosic and Nichicon Announce Energy Harvesting Solution to Reduce Battery Waste in the IoT	23-09-14	CI
Nichicon Corporation and Ossia, Inc. Announce Partnership to Wirelessly Power IOT Devices	23-06-20	CI
Nichicon Corporation Reports Earnings Results for the Full Year Ended March 31, 2023	23-05-09	CI
NEC : capacitor makers lose challenge against $298 million EU cartel fine	21-09-29	RE
B dot Medical Inc. announced that it has received ¥700 million in funding from Keio Innovation Initiative Inc., Nichicon Corporation, Cosylab D.D., JA Mitsui Leasing, Ltd., and other investors	21-01-30	CI
Nichicon Corporation Announces Consolidated Financial Results for the Nine Months Ended December 31, 2019; and Provides Financial Guidance for the Year Ending March 31, 2020	20-02-04	CI
Tranche Update on Nichicon Corporation's Equity Buyback Plan announced on December 5, 2019.	19-12-05	CI
Nichicon Corporation's Equity Buyback announced on December 5, 2019 has expired with 1,217,500 shares for ¥1,499.96 million.	19-12-05	CI
Nichicon Corporation announces an Equity Buyback for 1,300,000 shares, representing 1.87% for ¥1,500 million.	19-12-05	CI
Nichicon Corporation authorizes a Buyback Plan.	19-12-04	CI
Smile Resort Co., Ltd. acquired Shinshu Sogo Kaihatsu Kanko K.K. from Nichicon Corporation.	18-09-27	CI
Nichicon Corporation Reports Consolidated Earnings Results for the Full Year Ended of March 31, 2018; Provides Consolidated Earnings Guidance for the First Half Ending September 30, 2018 and Full Year Ending March 31, 2019	18-05-20	CI
Panasonic : EU fines capacitor producers 254 million euros for taking part in cartel	18-03-21	RE
Nichicon Corporation Reports Consolidated Earnings Results for the Nine Months Ended December 31, 2017; Provides Consolidated Earnings Guidance for the Full Year Ending March 31, 2018	18-02-04	CI
Nichicon Corporation Reports Consolidated Earnings Results for the First Quarter Ended June 30, 2017; Provides Earnings Guidance for the First Half and Full Year Ending March 31, 2018; Provides Dividend Guidance for the Second Quarter and Full Year Ending March 31, 2018	17-08-16	CI
Nichicon Corporation Reports Consolidated Earnings Results for the Full Year Ended of March 31, 2017; Provides Earnings Guidance for the First Half Ending of September 30, 2017 and Full Year Ending of March 31, 2018; Announces Dividend for the Full Year Ended of March 31, 2017, Payable on June 30, 2017; Provides Dividend Guidance for the Second Quarter and Full Year Ending of March 31, 2018	17-05-10	CI
Nichicon Corporation signed a letter of intent to acquire part of power supply business of Murata Manufacturing Co., Ltd.	17-04-04	CI
Nichicon Corporation Reports Consolidated Earnings Results for the Nine Months Ended December 31, 2016; Provides Earnings Guidance for the Full Year Ending March 31, 2017; Provides Dividend Guidance for the Year Ending March 31, 2017	17-02-05	CI
Nichicon Corporation Announces Earnings Results for First Six Months Ended September 30, 2016; Provides Earnings Guidance for the Year Ending March 31, 2017	16-11-03	CI
Nichicon Corporation Announces Consolidated Earnings Results for the First Quarter Ended June 30, 2016; Provides Consolidated Earnings Guidance and Dividend for First Half of Fiscal 2017 and Full Year Ending March 31, 2017	16-08-04	CI
Nichicon Corporation Reports Consolidated Earnings Results for the Year Ended March 31, 2016; Declares Dividend for the Year Ended March 31, 2016, Payable on June 30, 2016; Provides Dividend Guidance for the Second Quarter of Fiscal Year March 2017 and Full Year Ending March 31, 2017; Provides Consolidated Earnings Guidance for the First Half and Full Year Ending March 31, 2017	16-05-09	CI
Nichicon Corporation Reports Consolidated Earnings Results for the Nine Months Ended December 31, 2015; Provides Earnings Guidance for the Full Year Ending March 31, 2016; Provides Dividend Guidance for the Year Ending March 31, 2016	16-02-03	CI
Nichicon Corporation Announces Earnings Results for First Six Months Ended September 30, 2015; Provides Earnings Guidance for the Year Ending March 31, 2016	15-11-20	CI
Nichicon Corporation Announces Consolidated Earnings Results for the First Quarter Ended June 30, 2015; Provides Consolidated Earnings Guidance for First Half of Fiscal 2016 and Full Year Ending March 31, 2016	15-08-04	CI

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Company Profile

NICHICON CORPORATION is mainly involved in the manufacture and sale of capacitors and transformers. The Company is mainly engaged in the manufacture and sale of capacitors for electronic equipment use, such as aluminum electrolysis capacitors, film capacitors and positive characteristic thermistors; capacitors for electric and equipment use and application equipment, including film capacitors, rapid chargers, public and industrial power supplies, accelerator power supplies and dynamic voltage restorers, and circuit products, including switching power supplies and functional modules, as well as raw materials. The Company purchases products from its subsidiaries and provides the products to domestic and foreign manufacturers, companies and agencies.

Sector

Electrical Components & Equipment

Calendar

2024-05-08 - Q4 2023 Earnings Release

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Ratings for Nichicon Corporation

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Investor Rating

ESG Refinitiv

C+

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Sell

Buy

Mean consensus

OUTPERFORM

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Last Close Price

1,350 JPY

Average target price

1,478 JPY

Spread / Average Target

+9.48%

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