Nichicon Corporation Reports Consolidated Earnings Results for the Full Year Ended of March 31, 2017; Provides Earnings Guidance for the First Half Ending of September 30, 2017 and Full Year Ending of March 31, 2018; Announces Dividend for the Full Year Ended of March 31, 2017, Payable on June 30, 2017; Provides Dividend Guidance for the Second Quarter and Full Year Ending of March 31, 2018
May 10, 2017
Share
Nichicon Corporation reported consolidated earnings results for the full year ended of March 31, 2017. For the full year, the company reported net sales of JPY 100,401 million compared to JPY 109,815 million a year ago. Operating income was JPY 3,019 million compared to JPY 4,778 million a year ago. Ordinary income was JPY 4,750 million compared to JPY 4,337 million a year ago. Net income attributable to owners of the parent was JPY 2,623 million compared to net loss attributable to owners of the parent of JPY 591 million a year ago. Net income per share was JPY 37.68 compared to net loss per share of JPY 8.49 a year ago. Return on equity was 2.7% compared to negative return on equity of 0.6% a year ago. Cash flows from operating activities were JPY 3,310 million compared to JPY 10,221 million a year ago.
The company provided earnings guidance for the first half ending of September 30, 2017 and full year ending of March 31, 2018. For the first half ending of September 30, 2017, the company expects net sales to be of JPY 52,000 million. Operating income expected to be of JPY 1,500 million. Ordinary income expected to be of JPY 1,600 million. Net income attributable to owners of the parent expected to be of JPY 1,100 million. Net income per share expected to be of JPY 15.80.
For the full year ending of March 31, 2018, the company expects net sales to be of JPY 112,000 million. Operating income expected to be of JPY 4,000 million. Ordinary income expected to be of JPY 4,300 million. Net income attributable to owners of the parent expected to be of JPY 3,100 million. Net income per share expected to be of JPY 44.52.
The company announced the dividend for the full year ended of March 31, 2017. For the period, the company announced the dividend of JPY 11.00 per share compared to JPY 10.00 per share a year ago. The dividend will be payable on June 30, 2017.
The company provided dividend guidance for the second quarter and full year ending of March 31, 2018. For the second quarter of 2018, the company provided dividend guidance of JPY 11.00 per share compared to JPY 10.00 per share a year ago.
For the full year ending of March 31, 2018, the company provided dividend guidance of JPY 11.00 per share compared to JPY 11.00 per share 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 Reports Consolidated Earnings Results for the Full Year Ended of March 31, 2017; Provides Earnings Guidance for the First Half Ending of September 30, 2017 and Full Year Ending of March 31, 2018; Announces Dividend for the Full Year Ended of March 31, 2017, Payable on June 30, 2017; Provides Dividend Guidance for the Second Quarter and Full Year Ending of March 31, 2018
NICHICON CORPORATION 
