Komori
Results6996NICHICON CORPORATIONElectrical and Precision Instruments

Summary of Financial Results for the Second Quarter (Interim Period) of the Fiscal Year Ending March 2027 [Japanese GAAP] (Consolidated)

For the interim period of the fiscal year ending March 2027, net sales increased 20.6% year on year and operating profit increased 351.4%, resulting in significant improvement in both sales and profit. The full-year earnings forecast was revised from the most recently published figures, but the detailed figures before and after the revision are not stated in the body of the report.

Worth reading
51Recurring
Scored from 5 of 6 sections
Direction
Improvement
Direction inferred from the company’s description.
Scale
351.4
Operating profit year on year (%)
Wording
Conditional
How definitive the wording is.

Results for this period

Interim period (second quarter)1 April 2026–30 September 2026ConsolidatedJapanese GAAP
Net Sales97,330¥ millionYear on year +20.6%Progress 48.7%
Operating profit6,958¥ millionYear on year +351.4%Progress 58.0%
Ordinary income7,440¥ millionYear on year +216.2%Progress 59.5%
Net income attributable to owners of the parent5,000¥ millionYear on year +208.7%

The width of the band at each stage is based on revenue. The narrower it becomes toward the bottom, the smaller the proportion of revenue that remains as profit. The dotted outline is the full-year forecast and the band inside it is the result for this period. The progress rate is the result divided by the forecast.

Net income per share¥74.64
Financial position at period-end
Total assets225,119¥ million
of which net assets 127,363 ¥ millionEquity ratio 54.9%vs. prior year-end -6.3pt

塗りつぶした部分が自己資本比率です。総資産のうち、返済のいらない自前の資金がどれだけかを表します。The thin vertical line indicates the level at the end of the previous fiscal year.

Cash inflows and outflows
Operating+6,102
Investment-4,631
Financials+14,016
Net change+15,487

Stacked from zero: upward is an increase in cash, downward a decrease (in ¥ million).The net change represented by the dotted line is the total of three items, calculated from figures provided by the company.

Cash and cash equivalents at end of period¥39,954 million
Segment revenueCapacitor Business ¥59,395 million (YoY +20.5%), NECST Business ¥37,935 million (YoY +20.7%)
Segment profitCapacitor Business ¥3,758 million, NECST Business ¥3,198 million
Outlook and shareholder returns
Full-year earnings forecast
Net Sales¥200,000 million (YoY +17.8%)
Operating profit¥12,000 million (YoY +85.9%)
Ordinary income¥12,500 million (YoY +50.1%)
Profit attributable to owners of parent¥8,000 million (YoY +26.8%)
Revision to Earnings ForecastNet Sales Not disclosed → ¥200,000 million / Operating profit Not disclosed → ¥12,000 million / Ordinary income Not disclosed → ¥12,500 million / Profit attributable to owners of parent Not disclosed → ¥8,000 million
Annual Dividend Forecast¥37 → ¥39(+5.4%)
Factors Behind Changes in Business Performance

The capacitor business posted increases in both revenue and profit, driven by capital investment in generative AI servers and data centers in the information and communications sector, ADAS, vehicle electrification and software-defined vehicles in the automotive sector, the recovery in demand for existing xEV projects, and the contribution from new projects entering mass production. In the NECST business, the new residential energy storage system grew due to synergies with subsidy programs and expanded sales channels.

Disclosure regarding the going concern assumption

None applicable

Change in accounting policy
基準改正に伴う変更 Noそれ以外の変更 No見積りの変更 No修正再表示 No
Changes in the scope of consolidationNew Number of companies 0 / Company name Not disclosed / Excluded Number of companies 0 / Company name Not disclosed
Impairment lossNo impairment loss during the current interim period
Breakdown of extraordinary income (loss)Extraordinary income Gain on sale of fixed assets ¥5 million, Gain on sale of investment securities ¥203 million / Extraordinary loss Loss on disposal of fixed assets ¥14 million
Depreciation and amortization¥4,144 million
Availability of Supplementary Financial Results MaterialsAvailable
Availability of Financial Results BriefingWhether applicable Available / Subject person Securities analysts and institutional investors
Issued Shares at Period-End70,000,000
Treasury Shares at Period-End4,764,165
Results for this period
ItemDetails
Fiscal Period ClassificationInterim period (second quarter)
Accounting standardsJapanese GAAP
Consolidated / non-consolidatedConsolidated
Period Covered1 April 2026–30 September 2026
Net Sales¥97,330 million (YoY +20.6%)
Operating profit¥6,958 million (YoY +351.4%)
Ordinary income¥7,440 million (YoY +216.2%)
Profit attributable to owners of the parent¥5,000 million (YoY +208.7%)
Net income per share¥74.64
Equity ratioEnd of the current fiscal period 54.9 / End of previous period 61.2
Total assets¥225,119 million
Net assets¥127,363 million
Cash flows from operating activities¥6,102 million
Cash flows from investing activities¥-4,631 million
Cash flows from financing activities¥14,016 million
Cash and cash equivalents at end of period¥39,954 million
Full-year earnings forecastNet Sales ¥200,000 million (YoY +17.8%) / Operating profit ¥12,000 million (YoY +85.9%) / Ordinary income ¥12,500 million (YoY +50.1%) / Profit attributable to owners of parent ¥8,000 million (YoY +26.8%)
Revision to Earnings ForecastNet Sales Not disclosed → ¥200,000 million / Operating profit Not disclosed → ¥12,000 million / Ordinary income Not disclosed → ¥12,500 million / Profit attributable to owners of parent Not disclosed → ¥8,000 million
Annual Dividend Forecast¥37 → ¥39(+5.4%)
Segment revenueCapacitor Business ¥59,395 million (YoY +20.5%), NECST Business ¥37,935 million (YoY +20.7%)
Segment profitCapacitor Business ¥3,758 million, NECST Business ¥3,198 million
Depreciation and amortization¥4,144 million
Impairment lossNo impairment loss during the current interim period
Breakdown of extraordinary income (loss)Extraordinary income Gain on sale of fixed assets ¥5 million, Gain on sale of investment securities ¥203 million / Extraordinary loss Loss on disposal of fixed assets ¥14 million
Disclosure regarding the going concern assumptionNone applicable
Change in accounting policyChanges due to revisions to standards No / Other changes No / Change in accounting estimate No / Restatement No
Changes in the scope of consolidationNew Number of companies 0 / Company name Not disclosed / Excluded Number of companies 0 / Company name Not disclosed
Availability of Supplementary Financial Results MaterialsAvailable
Availability of Financial Results BriefingWhether applicable Available / Subject person Securities analysts and institutional investors
Issued Shares at Period-End70,000,000
Treasury Shares at Period-End4,764,165
Factors Behind Changes in Business PerformanceThe capacitor business posted increases in both revenue and profit, driven by capital investment in generative AI servers and data centers in the information and communications sector, ADAS, vehicle electrification and software-defined vehicles in the automotive sector, the recovery in demand for existing xEV projects, and the contribution from new projects entering mass production. In the NECST business, the new residential energy storage system grew due to synergies with subsidy programs and expanded sales channels.
Items this document does not state (6)
Operating MarginPayout ratioShareholder Return PolicyRegional salesOrders received and order backlogMaterial subsequent events

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.

Demand for the capacitor business expanded due to investment in generative AI servers and data centers in the information and communications sector, ADAS, vehicle electrification and software-defined vehicles in the automotive sector, the recovery in demand for existing xEV projects, and the contribution from new projects entering mass production. In the NECST business, the new residential energy storage system grew, driven by synergies with subsidy programs run by the national and local governments and expanded sales channels, including homebuilders.

How to read this page

This is not the documentKomori reads the disclosure the company filed and writes this summary. Figures are as stated by the company and are not audited.
Weight is not a verdictIt measures how much this changes what the company had already told the market. It is not a view on the shares.
Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.
Summary of Financial Results for the Second Quarter (Interim Period) of the Fiscal Year Ending March 2027 [Japanese GAAP] (Consolidated) | NICHICON CORPORATION (6996) timely disclosure | Komori