Nichicon Corporation (6996) AI Stock Analysis

• Market Cap: ¥140.85B
• Dividend Yield: 2.18%
• Average Volume (3M): 276.00K
• Price to Earnings (P/E): 11.4
• Beta (1Y): 1.06
• Revenue Growth: -0.93%
• EPS Growth: -45.03%
• Country: JP
• Employees: 5,394
• Sector: Technology
• Sector Strength: 88
• Industry: Hardware, Equipment & Parts
• EPS (TTM): 35.73
• Shares Outstanding: 70,000,000
• 10 Day Avg. Volume: 316,140
• 30 Day Avg. Volume: 276,000
• PEG Ratio: -0.50
• Price to Book (P/B): 0.76
• Price to Sales (P/S): 0.48
• P/FCF Ratio: 10.86
• 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: ¥2,500.00
• Price Target Upside: 20.31% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 2
• EPS Forecast (FY): 109.12
• Revenue Forecast (FY): ¥190.15B

• Rating: 60 Neutral
• Price Target: ¥1,801.00 ▼(-13.33% Downside)
• Action: Reiterated Date: 02/11/26
• Date: Action: Reiterated 02/11/26

The score is driven primarily by softened financial performance (compressed margins, lower ROE, and weaker/volatile free cash flow) offset by a solid balance sheet and favorable price momentum. The main drag is valuation, with a high P/E that appears difficult to justify while profitability is running below prior-year levels.

Positive Factors

Low leverage / solid balance sheet

Maintaining debt-to-equity near 0.21 gives Nichicon structural financial flexibility to fund capex or ride hardware cycles without overreliance on external financing. A stronger equity base cushions cyclical demand swings and supports long-term capital allocation and supplier/customer stability.

Negative Factors

Revenue and margin deterioration

Declining revenue and compressed net margins signal weakening demand or mix shifts toward lower-margin products. Persistently lower margins reduce internal funding for R&D and capex, impair return generation, and make the business more sensitive to cost inflation over the next several quarters.

Nichicon Corporation Business Overview & Revenue Model

Company Description

Nichicon Corporation, together with its subsidiaries, develops, produces, and sells capacitors and circuit products for electric and electronic products in Japan, the U.S.A, Asia, and internationally. It offers chip type, miniature type, and large...

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Nichicon Corporation, together with its subsidiaries, develops, produces, and sells capacitors and circuit products for electric and electronic products in Japan, the U.S.A, Asia, and internationally. It offers chip type, miniature type, and large...

How the Company Makes Money

Nichicon makes money primarily by manufacturing and selling electronic components, with revenue largely derived from shipments of capacitors and related products to OEMs and electronics supply chains. Key revenue streams include (1) capacitor sale...

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Nichicon makes money primarily by manufacturing and selling electronic components, with revenue largely derived from shipments of capacitors and related products to OEMs and electronics supply chains. Key revenue streams include (1) capacitor sale...

Nichicon Corporation Financial Statement Overview

Breakdown	TTM	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021
Income Statement
Total Revenue	167.26B	175.75B	181.64B	184.72B	142.20B	116.07B
Gross Profit	28.36B	33.51B	36.09B	38.15B	27.85B	19.61B
EBITDA	13.55B	13.57B	15.85B	20.22B	12.48B	6.72B
Net Income	2.74B	5.88B	8.25B	7.82B	7.90B	1.70B
Balance Sheet
Total Assets	197.39B	192.58B	206.94B	192.34B	170.11B	156.01B
Cash, Cash Equivalents and Short-Term Investments	28.29B	25.62B	29.49B	25.67B	18.30B	20.81B
Total Debt	24.77B	26.25B	35.99B	33.81B	25.56B	25.88B
Total Liabilities	78.26B	78.77B	93.09B	90.98B	75.45B	66.74B
Stockholders Equity	115.29B	110.43B	110.90B	98.84B	92.42B	87.19B
Cash Flow
Free Cash Flow	5.76B	7.70B	4.04B	-164.00M	-2.63B	1.17B
Operating Cash Flow	12.50B	18.35B	16.32B	9.19B	5.26B	7.09B
Investing Cash Flow	-7.01B	-8.36B	-12.73B	-8.12B	-5.97B	-4.01B
Financing Cash Flow	-7.47B	-14.32B	-571.00M	5.43B	-2.30B	-2.13B

Nichicon Corporation Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 2078.00
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

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 2078 is above the 20-day moving average (MA) of 1884.15, above the 50-day MA of 1911.67, and above the 200-day MA of 1542.79, indicating a bullish trend. The MACD of 37.66 indicates Negative momentum. The RSI at 63.96 is Neutral, neither overbought nor oversold. The STOCH value of 88.46 is Negative, 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
6981	74 Outperform	¥8.34T	59.16	8.95%	1.88%	2.88%	28.76%
6817	70 Outperform	¥40.73B	10.46	―	4.53%	-2.57%	3.43%
6762	67 Neutral	¥4.26T	15.03	―	1.41%	7.73%	-1.93%
6976	65 Neutral	¥734.31B	15.62	―	2.57%	4.81%	-49.43%
Sector *	61 Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%
6996	60 Neutral	¥140.85B	11.45	―	2.18%	-0.93%	-45.03%
6997	52 Neutral	¥50.68B	9.09	2.26%	―	-2.53%	-85.61%

Nichicon Corporation Corporate Events