Nichicon Corporation Reports Consolidated Earnings Results for the Full Year Ended of March 31, 2018; Provides Consolidated Earnings Guidance for the First Half Ending September 30, 2018 and Full Year Ending March 31, 2019
May 20, 2018
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Nichicon Corporation reported consolidated earnings results for the full year ended of March 31, 2018. For the full year, the company reported net sales of JPY 114,767 million compared to JPY 100,401 million a year ago. Operating income was JPY 6,197 million compared to JPY 3,019 million a year ago. Ordinary income was JPY 7,005 million compared to JPY 4,750 million a year ago. Net loss attributable to owners of the parent was JPY 10,905 million compared to net profit attributable to owners of the parent of JPY 2,623 million a year ago. Net loss per share was JPY 156.60 compared to net earnings per share of JPY 37.68 a year ago. Return on equity negative was 11.3% compared to positive return on equity of 2.7% a year ago. Cash flows from operating activities were JPY 7,989 million compared to JPY 3,310 million a year ago.
The company provided consolidated earnings guidance for the first half ending September 30, 2018 and full year ending March 31, 2019. For the first half ending on September 30, 2018, the company expects net sales to be of JPY 58,000 million. Operating income expected to be of JPY 2,600 million. Ordinary income expected to be of JPY 2,700 million. Net income attributable to owners of the parent expected to be of JPY 1,700 million. Net income per share expected to be of JPY 24.41.
For the full year ending on March 31, 2019, the company expects net sales to be of JPY 125,000 million. Operating income expected to be of JPY 6,200 million. Ordinary income expected to be of JPY 6,400 million. Net income attributable to owners of the parent expected to be of JPY 4,300 million. Net income per share expected to be of JPY 61.75.
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, 2018; Provides Consolidated Earnings Guidance for the First Half Ending September 30, 2018 and Full Year Ending March 31, 2019
NICHICON CORPORATION 
