Notice regarding revisions to the dividend forecast, recognition of an extraordinary loss in the non-consolidated financial results, and differences between full-year non-consolidated results and the previous year's actual results
NICHICON CORPORATION (the filing company)
The actual value of the Company's holdings in its subsidiary shares declined significantly below their carrying value on the non-consolidated balance sheet. The decline in operating income was attributable to lower net sales, persistently high raw material prices and energy costs, and increases in personnel and research and development expenses.
Impairment loss on shares of subsidiaries: ¥2,027 million (an extraordinary loss in the non-consolidated financial results; it will be eliminated on consolidation and therefore has no impact on the consolidated financial results)
Fiscal year ending March 2026 (1 April 2025 to 31 March 2026)
The Company does not disclose non-consolidated earnings forecasts. The impairment loss on shares of subsidiaries will be eliminated on consolidation and therefore has no impact on the consolidated financial results.
The Company plans to submit the year-end dividend proposal to the 91st Annual General Meeting of Shareholders, scheduled for 26 June 2026.
| Item | Details |
|---|---|
| Event name | Notice regarding revisions to the dividend forecast, recognition of an extraordinary loss in the non-consolidated financial results, and differences between full-year non-consolidated results and the previous year's actual results |
| Date of occurrence | 8 May 2026 (the date of the Board of Directors' resolution to revise the dividend forecast; the extraordinary loss and differences in results relate to the fiscal year ending March 2026) |
| Subject Entity | NICHICON CORPORATION (the filing company) |
| Cause | The actual value of the Company's holdings in its subsidiary shares declined significantly below their carrying value on the non-consolidated balance sheet. The decline in operating income was attributable to lower net sales, persistently high raw material prices and energy costs, and increases in personnel and research and development expenses. |
| Amount of Impact on Business Performance | Impairment loss on shares of subsidiaries: ¥2,027 million (an extraordinary loss in the non-consolidated financial results; it will be eliminated on consolidation and therefore has no impact on the consolidated financial results) |
| Accounting period in which recognized | Fiscal year ending March 2026 (1 April 2025 to 31 March 2026) |
| Impact on Earnings Forecast | The Company does not disclose non-consolidated earnings forecasts. The impairment loss on shares of subsidiaries will be eliminated on consolidation and therefore has no impact on the consolidated financial results. |
| Outlook | The Company plans to submit the year-end dividend proposal to the 91st Annual General Meeting of Shareholders, scheduled for 26 June 2026. |
Items this document does not state (17)
These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.
The reasons the company gives
The company's own explanation, not something inferred from the numbers.The dividend was increased to further return profits to shareholders, based on a comprehensive assessment of business trends, the Company's future financial position and other factors. The impairment loss on shares was recognized because the actual value of the Company's holdings in its subsidiaries had declined significantly below their carrying value on the non-consolidated balance sheet. The Company cited lower net sales, persistently high raw material prices and energy costs, and increases in personnel and research and development expenses as reasons for the decline in operating income.