Nichicon Corporation (6996) AI Stock Analysis

• Market Cap: ¥80.05B
• Dividend Yield: 2.96%
• Average Volume (3M): 164.39K
• Price to Earnings (P/E): 13.7
• Beta (1Y): 0.92
• Revenue Growth: -3.24%
• EPS Growth: -28.68%
• Country: JP
• Employees: 5,394
• Sector: Technology
• Sector Strength: 84
• Industry: Hardware, Equipment & Parts
• EPS (TTM): -18.58
• Shares Outstanding: 70,000,000
• 10 Day Avg. Volume: 150,200
• 30 Day Avg. Volume: 164,386
• PEG Ratio: 0.65
• Price to Book (P/B): 0.77
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 14.27
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: ¥920.00
• Price Target Upside: -23.33% Downside
• Rating Consensus: Hold
• Number of Analyst Covering: 0

• Rating: 68 Neutral
• Price Target: ¥1,254.00 ▲(4.50%Upside)

Nichicon Corporation scores well due to its solid financial performance and fair valuation. While the technical analysis indicates short-term weaknesses, the company's strong balance sheet and attractive dividend yield support a positive view. The absence of earnings call data and corporate events does not affect the analysis significantly.

Nichicon Corporation Business Overview & Revenue Model

Company Description

Nichicon Corporation, established in 1950, is a leading Japanese manufacturer specializing in electronic components, primarily capacitors, and related products. The company operates within the electronics sector, providing a diverse range of products such as aluminum electrolytic capacitors, film capacitors, and circuit products. Nichicon's components are integral to various applications, including consumer electronics, automotive, energy solutions, and industrial equipment, serving clients globally with high-quality and innovative solutions.

How the Company Makes Money

Nichicon Corporation generates revenue primarily through the manufacture and sale of electronic components. The company's key revenue streams include the sale of capacitors, which are essential components in a wide array of electronic devices and systems. Nichicon's products are utilized in sectors such as automotive, where they play a critical role in electronic control systems, and renewable energy, supporting the efficiency and reliability of power conversion systems. Additionally, Nichicon may engage in partnerships with major electronics manufacturers and distributors, enhancing its market reach and sales capabilities. The company's focus on innovation and quality ensures a competitive edge, aiding in sustained demand and profitability across its product lines.

Nichicon Corporation Financial Statement Overview

Summary

Income Statement

Balance Sheet

Cash Flow

Breakdown
TTM	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020
Income Statement		Total Revenue
175.64B	181.64B	184.72B	142.20B	116.07B	119.67B
	Gross Profit
28.12B	31.26B	33.75B	24.40B	16.89B	18.21B
	EBIT
4.72B	8.90B	12.68B	6.43B	1.57B	2.55B
	EBITDA
14.28B	17.62B	19.99B	12.27B	6.72B	7.88B
	Net Income Common Stockholders
7.41B	8.25B	7.81B	7.90B	1.70B	2.81B
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
29.19B	29.49B	25.67B	18.30B	20.81B	21.06B
	Total Assets
202.52B	206.94B	192.34B	170.11B	156.01B	139.43B
	Total Debt
27.57B	35.62B	33.46B	25.56B	25.61B	25.65B
	Net Debt
-1.42B	6.23B	8.39B	7.76B	5.84B	7.21B
	Total Liabilities
84.35B	93.10B	90.99B	75.46B	66.74B	61.98B
	Stockholders Equity
114.81B	110.90B	98.84B	92.41B	87.19B	75.59B
Cash Flow		Free Cash Flow
6.10B	4.04B	-164.00M	-2.63B	1.17B	-2.08B
	Operating Cash Flow
18.41B	16.32B	9.19B	5.26B	7.09B	4.81B
	Investing Cash Flow
-8.38B	-12.73B	-8.12B	-5.97B	-4.01B	-4.77B
	Financing Cash Flow
-11.91B	-571.00M	5.43B	-2.30B	-2.13B	4.98B

Nichicon Corporation Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 1200.00
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:6996, the sentiment is Positive. The current price of 1200 is above the 20-day moving average (MA) of 1166.00, above the 50-day MA of 1148.28, and above the 200-day MA of 1081.71, indicating a bullish trend. The MACD of 7.45 indicates Negative momentum. The RSI at 53.42 is Neutral, neither overbought nor oversold. The STOCH value of 63.58 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:6996.

Nichicon Corporation Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
6814	78 Outperform	¥95.57B	8.36		3.63%	10.54%	83.58%
6989	77 Outperform	¥17.46B	8.52		3.90%	5.82%	-11.74%
6996	68 Neutral	¥80.05B	13.73		2.96%	-3.24%	-28.68%
6787	64 Neutral	¥147.96B	10.10		1.53%	15.24%	32.83%
Sector *	62 Neutral	$11.80B	10.31	-7.45%	2.91%	7.43%	-7.78%
6976	55 Neutral	¥303.92B	129.63		3.72%	5.82%	-71.99%
6997	53 Neutral	€24.49B	652.89	0.05%	―	-18.61%	―

Nichicon Corporation Corporate Events

Nichicon Corporation Records Extraordinary Losses Amid Restructuring

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.

Nichicon Corporation Reports Decline in Fiscal Year 2025 Financial Results

Nichicon Corporation reported a decline in its consolidated financial results for the fiscal year ending March 31, 2025, with net sales decreasing by 3.2% and operating profit dropping by 41.6% compared to the previous year. Despite the downturn, the company plans to increase its annual dividend per share, reflecting a commitment to shareholder returns. The financial forecast for the next fiscal year anticipates a modest recovery in net sales and operating profit, signaling potential stabilization in the company’s operations.