Nichicon Corporation Reports Consolidated Earnings Results for the Year Ended March 31, 2016; Declares Dividend for the Year Ended March 31, 2016, Payable on June 30, 2016; Provides Dividend Guidance for the Second Quarter of Fiscal Year March 2017 and Full Year Ending March 31, 2017; Provides Consolidated Earnings Guidance for the First Half and Full Year Ending March 31, 2017
May 09, 2016
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Nichicon Corporation reported consolidated earnings results for the year ended March 31, 2016. For the year, the company reported net sales of JPY 109,815 million compared to JPY 107,294 million a year ago. Operating income was JPY 4,778 million compared to JPY 3,877 million a year ago. Ordinary income was JPY 4,337 million compared to JPY 5,655 million a year ago. Net loss attributable to shareholders of the company was JPY 591 million compared to net income attributable to the shareholders of the company of JPY 2,258 million a year ago. Net loss per share was JPY 8.49 compared to net income per share of JPY 31.65 a year ago. Return on equity was 0.6% negative compared to return on equity of 2.3% a year ago. Cash flows from operating activities was JPY 10,221 million compared to JPY 7,787 million a year ago.
The company declared dividend of JPY 10.00 per share for the year ended March 31, 2016, payable on June 30, 2016. Dividend for the same period previous year was JPY 9.00 per share.
The company provided dividend guidance for the second quarter of fiscal year March 2017 and full year ending March 31, 2017. For the quarter, the company expected dividend of JPY 10.00 per share.
For the year 2017, the company expected dividend of JPY 10.00 per share.
The company provided consolidated earnings guidance for the first half and full year ending March 31, 2017. For the first half of fiscal 2017, the company expected net sales of JPY 52,000 million, operating income of JPY 1,000 million, ordinary income of JPY 1,000 million, net income attributable to the shareholders of the company of JPY 600 million and net income per share of JPY 8.62.
For the full year ending March 31, 2017, the company expected net sales of JPY 115,000 million, operating income of JPY 3,500 million, ordinary income of JPY 3,500 million, net income attributable to the shareholders of the company of JPY 2,400 million and net income per share of JPY 34.46.
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 Year Ended March 31, 2016; Declares Dividend for the Year Ended March 31, 2016, Payable on June 30, 2016; Provides Dividend Guidance for the Second Quarter of Fiscal Year March 2017 and Full Year Ending March 31, 2017; Provides Consolidated Earnings Guidance for the First Half and Full Year Ending March 31, 2017
NICHICON CORPORATION 
