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
August 04, 2016
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Nichicon Corporation announced consolidated earnings results for the first quarter ended June 30, 2016. For the quarter, the company reported net sales of JPY 23,794 million against JPY 26,594 million a year ago. Operating income was JPY 414 million against JPY 841 million a year ago. Ordinary income was JPY 601 million against JPY 1,388 million a year ago. Net income attributable to shareholders of the company was JPY 347 million or JPY 4.99 per share against JPY 887 million or JPY 12.73 per share a year ago.
For the first half, on consolidated basis, the company provided net sales of JPY 52,000 million, operating income of JPY 1,000 million, ordinary income of JPY 1,000 million, net income attributable to shareholders of the company of JPY 600 million and net income per share of JPY 8.62.
For the full year ending March 31, 2017, on consolidated basis, the company provided net sales of JPY 115,000 million, operating income of JPY 3,500 million, ordinary income of JPY 3,500 million, net income attributable to shareholders of the company of JPY 2,400 million and net income per share of JPY 34.46.
For the second quarter, the company expected dividend of JPY 10.00 per share against JPY 10.00 per share paid for the same period a year ago.
For the year ending March 31, 2017, the company expected dividend of JPY 10.00 per share against JPY 10.00 per share paid for the same period a year ago.
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.
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
NICHICON CORPORATION 
