Nichicon Corporation Announces Earnings Results for First Six Months Ended September 30, 2016; Provides Earnings Guidance for the Year Ending March 31, 2017
November 03, 2016
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Nichicon Corporation announced earnings results for first six months ended September 30, 2016. For the first six months, the company's net income attributable to shareholders of company was JPY 949 million, or JPY 13.64 per share, compared to JPY 2,565 million, or JPY 36.82 per share, for the same period ended September 30, 2015. Net sales were JPY 48,867 million, compared to JPY 56,053 million for the same period ended September 30, 2015. Operating income was JPY 1,072 million, compared to JPY 2,303 million for the same period ended September 30, 2015. Ordinary income was JPY 1,251 million, compared to JPY 2,343 million for the same period ended September 30, 2015.
For the year ending March 31, 2017, the company expects net sales of JPY 115,000 million, operating income of JPY 3,500 million, ordinary income of JPY 3,500 million and net income attributable to shareholders of JPY 2,400 million, or JPY 34.46 per share.
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, 2016; Provides Earnings Guidance for the Year Ending March 31, 2017
NICHICON CORPORATION 
