Nichicon Corporation Reports Consolidated Earnings Results for the Nine Months Ended December 31, 2016; Provides Earnings Guidance for the Full Year Ending March 31, 2017; Provides Dividend Guidance for the Year Ending March 31, 2017
February 05, 2017
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Nichicon Corporation reported consolidated earnings results for the nine months ended December 31, 2016. For the nine months, the company reported net sales of JPY 73,953 million compared to JPY 83,255 million a year ago. Operating income was JPY 1,636 million compared to JPY 3,807 million a year ago. Ordinary income was JPY 3,658 million compared to JPY 4,128 million a year ago. Net income attributable to shareholders of the company was JPY 2,695 million compared to net loss attributable to the shareholders of the company of JPY 825 million a year ago. Net earnings per share were JPY 38.71 compared to net loss per share of JPY 11.85 a year ago.
The company provided earnings guidance for the full year ending March 31, 2017. For the year, the company expected 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 the company of JPY 2,400 million or JPY 34.46 per share.
The company provided dividend guidance for the year ending March 31, 2017. For the year, the company expects to pay a dividend of JPY 11.00 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 Reports Consolidated Earnings Results for the Nine Months Ended December 31, 2016; Provides Earnings Guidance for the Full Year Ending March 31, 2017; Provides Dividend Guidance for the Year Ending March 31, 2017
NICHICON CORPORATION 
