Nichicon Corporation Announces Earnings Results for First Six Months Ended September 30, 2015; Provides Earnings Guidance for the Year Ending March 31, 2016
November 20, 2015 at 02:23 am EST
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Nichicon Corporation announced earnings results for first six months ended September 30, 2015. For the first six months, the company's net income attributable to shareholders of company was JPY 2.56 billion, or JPY 36.82 per share, compared to JPY 1.84 billion, or JPY 25.84 per share, for the same period ended September 30, 2014. Net sales were JPY 56.05 billion, compared to JPY 53.01 billion for the same period ended September 30, 2014. Operating income was JPY 2.30 billion, compared to JPY 1.88 billion for the same period ended September 30, 2014. Ordinary income was JPY 2.34 billion, compared to JPY 3 billion for the same period ended September 30, 2014.
For the year ending March 31, 2016, the company expects net income attributable to shareholders of JPY 3.6 billion, or JPY 51.34 per share and net sales of JPY 122 billion and operating income of JPY 5 billion.
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 Earnings Results for First Six Months Ended September 30, 2015; Provides Earnings Guidance for the Year Ending March 31, 2016
NICHICON CORPORATION 
