Nichicon Corporation (JP:6996)
:6996
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Nichicon Corporation
(6996)
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Rating:67Neutral
Price Target:
¥2,520.00
▲(15.86% Upside)
Action:ReiteratedDate:04/25/26
The score is driven by strong technical momentum and a reasonable valuation, partially offset by softer current financial performance: compressed margins and low ROE, plus less dependable free-cash-flow conversion despite a solid, conservatively levered balance sheet.
Positive Factors
Diverse capacitor product portfolio
Nichicon’s broad capacitor lineup across aluminum electrolytic, film and other types sold into consumer, automotive, industrial and power markets provides durable product and end-market diversification. This supports steady demand, enables higher-specification sales to automotive/industrial OEMs, and reduces reliance on any single cycle.
Negative Factors
Compressed and declining net margins
Net margin compression to ~1.6% from prior 3–5% levels signals sustained profitability pressure. Lower margins reduce retained earnings for reinvestment, limit buffer against cost inflation or pricing pressure, and constrain long-term return on equity and competitiveness in higher-spec segments.
Read all positive and negative factors
Positive Factors
Negative Factors
Diverse capacitor product portfolio
Nichicon’s broad capacitor lineup across aluminum electrolytic, film and other types sold into consumer, automotive, industrial and power markets provides durable product and end-market diversification. This supports steady demand, enables higher-specification sales to automotive/industrial OEMs, and reduces reliance on any single cycle.
Read all positive factors
Nichicon Corporation (6996) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥158.27B
Dividend Yield2.18%
Average Volume (3M)276.00K
Price to Earnings (P/E)11.4
Beta (1Y)1.06
Revenue Growth-4.77%
EPS Growth-62.32%
CountryJP
Employees5,394
SectorTechnology
Sector Strength88
IndustryHardware, Equipment & Parts
Share Statistics
EPS (TTM)40.78
Shares Outstanding70,000,000
10 Day Avg. Volume316,140
30 Day Avg. Volume276,000
Financial Highlights & Ratios
PEG Ratio-0.50
Price to Book (P/B)0.76
Price to Sales (P/S)0.48
P/FCF Ratio10.86
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
¥2,500.00Price Target Upside14.94% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)109.12
Revenue Forecast (FY)¥190.15B
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...
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...
Nichicon Corporation Financial Statement Overview
Summary
Income Statement
56
Neutral
Balance Sheet
74
Positive
Cash Flow
50
Neutral
| 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
Positive
2175.00
Price Trends
1932.12
Positive
1782.62
Positive
1553.28
Positive
Market Momentum
64.39
Negative
68.43
Neutral
92.06
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 2175 is above the 20-day moving average (MA) of 1909.53, above the 50-day MA of 1932.12, and above the 200-day MA of 1553.28, indicating a bullish trend. The MACD of 64.39 indicates Negative momentum. The RSI at 68.43 is Neutral, neither overbought nor oversold. The STOCH value of 92.06 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
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
74 Outperform | ¥5.27T | 64.56 | ― | 1.41% | 13.61% | 17.01% | |
73 Outperform | ¥9.48T | 20.30 | 8.95% | 1.88% | 5.02% | 2.02% | |
67 Neutral | ¥158.27B | 11.45 | ― | 2.18% | -4.77% | -62.32% | |
67 Neutral | ¥40.73B | 12.31 | ― | 4.53% | 5.02% | 354.47% | |
65 Neutral | ¥771.48B | 15.62 | ― | 2.57% | 5.15% | -47.22% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
51 Neutral | ¥65.38B | 9.09 | 2.26% | ― | 5.14% | 32.69% |
* Technology Sector Average
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Nichicon Corporation Corporate Events
Nichicon Posts Lower Nine-Month Profit but Maintains Dividend and Full-Year Guidance
Feb 6, 2026
Nichicon Corporation reported consolidated net sales of ¥124.3 billion for the nine months ended December 31, 2025, down 6.4% year on year, with operating profit edging up 2.4% to ¥3.9 billion but ordinary profit falling 12.8% and profit...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.