Nichicon : Financial Results for the Term Ended March 31, 2024
May 15, 2024 at 08:00 am EDT
Share
(% indicatesyear-on-yearchange)
Financial Results for the Term Ended March 31, 2024
(Japanese GAAP, Consolidated)
May 9, 2024
Name of Listed Company: NICHICON CORPORATION
Stock Exchange Listing: Tokyo
Code Number: 6996
URL https://www.nichicon.co.jp
Representative: Katsuhiko Mori
Title: President and Representative Director
Contact Person: Mikito Yokoba
Title: General Manager, Corporate Communications & Investor Relations Div.
Phone: +81-75-231-8461
Scheduled date for Ordinary General Meeting of Shareholders: June 27, 2024
Scheduled date of dividend payment: June 28, 2024
Scheduled date for filling of securities report: June 27, 2024
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, 2024 (April 1, 2023 to March 31, 2024)
(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, 2024
181,643
(1.7)
8,904
(29.8)
11,407
(25.3)
8,253
5.6
March 31, 2023
184,725
29.9
12,676
97.2
15,263
77.6
7,814
(1.1)
(Note) Comprehensive income: ¥14,767 million (69.7%) for the year ended March 31, 2024
¥8,702 million (20.7%) for the year ended March 31, 2023
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, 2024
120.64
108.98
7.9
5.7
4.9
March 31, 2023
114.22
103.21
8.2
8.4
6.9
(Reference) Share of profit of entities accounted for using equity method: ¥177 million for the year ended March 31, 2024
¥64 million for the year ended March 31, 2023
(2) Consolidated financial position
Total assets
Net assets
Shareholders'
Net assets
equity ratio
per share
¥ million
¥ million
%
¥
As of March 31, 2024
206,937
113,839
53.6
1,620.98
As of March 31, 2023
192,339
101,354
51.4
1,444.66
(Reference) Shareholders' equity: ¥110,900 million as of March 31, 2024
¥98,838 million as of March 31, 2023
(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, 2024
16,321
(12,734)
(571)
29,387
March 31, 2023
9,186
(8,121)
5,435
25,068
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. 2022 - Mar. 2023
-
14.00
-
16.00
30.00
2,052
26.3
2.1
Apr. 2023 - Mar. 2024
-
16.00
-
17.00
33.00
2,257
27.4
2.2
Apr. 2024 - Mar. 2025
-
17.00
-
17.00
34.00
28.0
(Forecast)
3. Forecast for consolidated business performance for the year ending March 31, 2025 (April 1, 2024 to March 31, 2025)
(% 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
185,000
1.8
10,000
12.3
11,000
(3.6)
8,300
0.6
121.32
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15 May 2024 and is solely responsible for the information contained therein. Distributed by
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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.