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Nichicon Corporation ( (JP:6996) ) just unveiled an update.
Nichicon Corporation has announced the recording of extraordinary losses due to business restructuring costs in its fiscal year ending March 31, 2025. The losses stem from impairment of non-current assets in its Capacitor Segment and costs related to employee optimization at its Malaysian subsidiary, amounting to 2,087 million yen. This move is part of the company’s efforts to streamline operations and improve financial performance.
More about Nichicon Corporation
Nichicon Corporation operates within the electronics industry, primarily focusing on the production of capacitors and other electronic components. The company serves various markets, including automotive, industrial, and consumer electronics, with a strong emphasis on innovation and quality.
Average Trading Volume: 305,339
Technical Sentiment Signal: Buy
Current Market Cap: Yen79.85B
Learn more about 6996 stock on TipRanks’ Stock Analysis page.