Nichicon Corporation Announces Consolidated Financial Results for the Nine Months Ended December 31, 2019; and Provides Financial Guidance for the Year Ending March 31, 2020
February 04, 2020
Share
Nichicon Corporation announced consolidated financial results for the nine months ended December 31, 2019. For the period, the company reported net sales of JPY 90,634 million against JPY 91,300 million a year ago. Operating income was JPY 2,227 million against JPY 4,133 million a year ago. net income attributable to owners of parent was JPY 2,607 million against negative JPY 7,499 million a year ago. EPS basic were JPY 37.48 against negative JPY 107.70 a year ago. EPS diluted were JPY 37.27.
The company also provided financial guidance for the year ending March 31, 2020. For the period, the company expected net sales of JPY 123,000 million, operating profit of JPY 2,500 million and net income attributable to owners of the parent of JPY 2,500 million and EPS of JPY 35.94.
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 Consolidated Financial Results for the Nine Months Ended December 31, 2019; and Provides Financial Guidance for the Year Ending March 31, 2020
NICHICON CORPORATION 
