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Nichicon Corporation (JP:6996)
:6996
Japanese Market

Nichicon Corporation (6996) AI Stock Analysis

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JP

Nichicon Corporation

(6996)

Rating:68Neutral
Price Target:
¥1,254.00
▲(6.18%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 (6996) vs. iShares MSCI Japan ETF (EWJ)

Nichicon Corporation Business Overview & Revenue Model

Company DescriptionNichicon 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 can type aluminum electrolytic capacitors; conductive polymer aluminum solid electrolytic capacitors; and electric double layer capacitors, plastic film capacitors, positive thermistors, function and power modules, and inverter smoothing capacitors. The company also provides household energy storage systems; vehicle-to-home systems; EV/PHVs quick chargers; power storage systems for public and industrial use; small Li-Ion rechargeable batteries; switching power supplies; power sources for medical and academic study accelerators; voltage sag compensators; and power outage compensators. Its products have applications in energy, ecology, and medical equipment; automotive and railway-car related appliances; home appliances and industrial inverters; and information and communications equipment. The company was formerly known as Nichicon Capacitor Ltd. and changed its name to Nichicon Corporation in October 1987. Nichicon Corporation was incorporated in 1950 and is headquartered in Kyoto, Japan.
How the Company Makes MoneyNichicon 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
TTMMar 2024Mar 2023Mar 2022Mar 2021Mar 2020
Income StatementTotal Revenue
175.64B181.64B184.72B142.20B116.07B119.67B
Gross Profit
28.12B31.26B33.75B24.40B16.89B18.21B
EBIT
4.72B8.90B12.68B6.43B1.57B2.55B
EBITDA
14.28B17.62B19.99B12.27B6.72B7.88B
Net Income Common Stockholders
7.41B8.25B7.81B7.90B1.70B2.81B
Balance SheetCash, Cash Equivalents and Short-Term Investments
29.19B29.49B25.67B18.30B20.81B21.06B
Total Assets
202.52B206.94B192.34B170.11B156.01B139.43B
Total Debt
27.57B35.62B33.46B25.56B25.61B25.65B
Net Debt
-1.42B6.23B8.39B7.76B5.84B7.21B
Total Liabilities
84.35B93.10B90.99B75.46B66.74B61.98B
Stockholders Equity
114.81B110.90B98.84B92.41B87.19B75.59B
Cash FlowFree Cash Flow
6.10B4.04B-164.00M-2.63B1.17B-2.08B
Operating Cash Flow
18.41B16.32B9.19B5.26B7.09B4.81B
Investing Cash Flow
-8.38B-12.73B-8.12B-5.97B-4.01B-4.77B
Financing Cash Flow
-11.91B-571.00M5.43B-2.30B-2.13B4.98B

Nichicon Corporation Technical Analysis

Technical Analysis Sentiment
Positive
Last Price1181.00
Price Trends
50DMA
1151.66
Positive
100DMA
1164.26
Positive
200DMA
1078.87
Positive
Market Momentum
MACD
5.37
Negative
RSI
54.87
Neutral
STOCH
59.27
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 1181 is above the 20-day moving average (MA) of 1164.65, above the 50-day MA of 1151.66, and above the 200-day MA of 1078.87, indicating a bullish trend. The MACD of 5.37 indicates Negative momentum. The RSI at 54.87 is Neutral, neither overbought nor oversold. The STOCH value of 59.27 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

Overall Rating
UnderperformOutperform
Sector (62)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
68
Neutral
¥80.05B13.73
2.96%-3.24%-28.68%
62
Neutral
$11.81B10.34-7.44%2.91%7.41%-7.93%
DENCZ
€148.21M868.420.05%
78
Outperform
¥95.57B8.36
3.63%10.54%83.58%
77
Outperform
¥17.46B8.52
3.90%5.82%-11.74%
64
Neutral
¥147.96B10.10
1.53%15.24%32.83%
55
Neutral
¥303.92B129.63
3.72%5.82%-71.99%
* Technology Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
JP:6996
Nichicon Corporation
1,181.00
73.33
6.62%
DE:NCZ
Nippon Chemi-Con Corporation
6.60
-2.70
-29.03%
JP:6787
Meiko Electronics Co., Ltd.
5,750.00
-1,406.39
-19.65%
JP:6814
Furuno Electric Co., Ltd.
3,030.00
1,000.10
49.27%
JP:6976
Taiyo Yuden Co., Ltd.
2,420.00
-930.07
-27.76%
JP:6989
Hokuriku Electric Industry Co., Ltd.
2,307.00
986.37
74.69%

Nichicon Corporation Corporate Events

Nichicon Corporation Records Extraordinary Losses Amid Restructuring
May 9, 2025

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
May 9, 2025

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.

Glossary
OutperformA stock rated as "Outperform" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock is likely to deliver higher returns compared to the average returns of other stocks in the same sector or market index. Investors might consider this stock a good buying opportunity.
NeutralA stock rated as "Neutral" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly attractive nor unattractive for investment. Investors may consider holding onto the stock, as it is not expected to either significantly outperform or underperform the market.
UnderperformA stock rated as "Underperform" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock may deliver lower returns compared to the average returns of other stocks in the same sector or market index. Investors might consider selling the stock or avoiding it as an investment.

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.