Nippon Chemi-Con 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 Full Year Ending March 31, 2017; Provides Consolidated Earnings Guidance for the Six Months Ending September 30, 2016 and Full Year Ending March 31, 2017
May 10, 2016
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Nippon Chemi-Con Corporation reported consolidated earnings results for the year ended March 31, 2016. For the year, the company reported net sales of JPY 118,414 million compared to JPY 123,365 million a year ago. Operating income was JPY 2,179 million compared to JPY 5,122 million a year ago. Ordinary income was JPY 1,165 million compared to JPY 6,207 million a year ago. Net loss attributable to shareholders of the company was JPY 6,905 million compared to net income attributable to the shareholders of the company of JPY 5,362 million a year ago. Net loss per share was JPY 42.38 compared to net income per share of JPY 32.91 a year ago. Return on equity was 9.8% negative compared to return on equity of 7.6% a year ago. Cash flows from operating activities was JPY 10,970 million compared to JPY 10,730 million a year ago.
The company declared dividend of JPY 3.00 per share for the year ended March 31, 2016, payable on June 30, 2016. Dividend for the same period previous year was JPY 3.00 per share.
The company provided dividend guidance for the full year ending March 31, 2017. For the year, the company expected dividend of JPY 3.00 per share.
The company provided consolidated earnings guidance for the six months ending September 30, 2016 and full year ending March 31, 2017. For the six months, the company expected net sales of JPY 56,000 million, operating income of JPY 1,200 million, ordinary income of JPY 1,100 million, net income attributable to the shareholders of the company of JPY 700 million and net income per share of JPY 4.30.
For the full year ending March 31, 2017, the company expected net sales of JPY 112,000 million, operating income of JPY 2,600 million, ordinary income of JPY 2,400 million, net income attributable to the shareholders of the company of JPY 1,500 million and net income per share of JPY 9.21.
Nippon Chemi-Con Corp is a company primarily engaged in the manufacture and sale of electronic parts. The Company operates in Capacitors segment. The Capacitors segment is engaged in the manufacture, purchase and sale of capacitor products, including aluminum electrolysis capacitors and others, as well as the capacitor materials, such as aluminum electrode foils.
Nippon Chemi-Con 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 Full Year Ending March 31, 2017; Provides Consolidated Earnings Guidance for the Six Months Ending September 30, 2016 and Full Year Ending March 31, 2017
NIPPON CHEMI-CON CORPORATION 
