Nichicon : August 25, 2023 August 9, 2023 Financial Report Q1 FY2023

(% indicates year-on-yearchange)

Financial Results (Japanese GAAP, Consolidated)

For the Three Months Ended June 30, 2023 (Q1 FY2023)

			August 9, 2023
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: Hitoshi Chikano	Title: Director and Senior Managing Executive Officer, General Manager of
		Financial and Accounting Headquarters and Corporate Communications and
		Investor Relations Office

Phone: [phone]

Scheduled date for filling of securities report: August 10, 2023

Scheduled date of dividend payment: -

Supplementary materials available on financial results: No

Financial results briefing: No

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

1. Consolidated business performance for the three months ended June 30, 2023 (April 1, 2023 to June 30, 2023)

(1) Consolidated business performance

																	Net income
			Net sales			Operating income	Ordinary income		attributable to
																owners of the parent
	Three months ended	¥ million		%	¥ million			%	¥ million		%	¥ million		%
	June 30, 2023	44,910		9.5	2,284			(9.7)	3,504		(13.3)		3,409		(5.0)
	June 30, 2022	41,014		31.5	2,528			297.5	4,044		277.1		3,589		276.5
	(Note) Comprehensive income: ¥8,079 million (54.3%) for the three months ended June 30, 2023
			¥5,236 million (1,194.7%) for the three months ended June 30, 2022
			Net income			Fully diluted net
			per share			income per share
	Three months ended	¥					¥
	June 30, 2023	49.84			45.06
	June 30, 2022	52.46			47.45
(2) Consolidated financial position
			Total assets			Net assets		Shareholders'			Net assets
						equity ratio			per share
		¥ million			¥ million					%	¥
	As of June 30, 2023	198,487			107,747			53.0		1,537.39
	As of March 31, 2023	192,339			101,354			51.4		1,444.66
	(Reference) Shareholders' equity: ¥105,182 million as of June 30, 2023
			¥98,838 million as of March 31, 2023
2. Dividends
							Annual dividends per share
			1st quarter		2nd quarter		3rd quarter		Year-end		Annual
			¥			¥				¥		¥					¥
	Apr. 2022 - Mar. 2023		-				14.00				-			16.00			30.00
	Apr. 2023 - Mar. 2024		-
	Apr. 2023 - Mar. 2024						16.00				-			16.00			32.00
	(Forecast)
	(Note) Revisions to dividend forecasts published most recently: No

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

(Note) Revisions to business performance forecasts published most recently: No