6996
nichicon corporation
ニチコン株式会社
Electric Appliances
Nichicon Corporation, together with its subsidiaries, engages in the development and production of electrical components in Japan, the United States, Asia, Europe, and internationally. It offers chip aluminum electrolytic capacitors; conductive polymer aluminum solid electrolytic capacitors; conductive polymer hybrid aluminum solid electrolytic capacitors; large can aluminum electrolytic capacitors; and miniature aluminum electrolytic capacitors. The company also provides film capacitors for xEV; lithium titanate rechargeable batteries for use in space-constrained IoT applications; energy control system technology; switching power supplies; capacitors for power utilities; special power supplies; function modules; and Posi-R thermistors. Its products are used in automotive, power supply and lighting, information and communications, industrial, DC link capacitors, asset tracking, energy harvesting, internet of things, wireless sensors, RFID, smart pallet, and pick to light applications. 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.
Price
¥3,770
Market Cap
¥253.2B
Ent. Value
¥252.8B
Net Cash
¥341M
Shares Out.
67.2M
P / E
40.1×
EV / EBIT
39.2×
P / Book
2.12×
P / NCAV
7.11×
Div. Yield
0.48%
Financials
| Metric |
FY 2025
TDnet |
FY 2024
EDINET ↗ |
FY 2023
EDINET ↗ |
FY 2022
EDINET ↗ |
FY 2021
EDINET ↗ |
|---|---|---|---|---|---|
| Net Sales | ¥169.7B | ¥175.8B | ¥181.6B | ¥184.7B | ¥142.2B |
| Cost of Sales | ¥139.7B | ¥147.4B | ¥150.4B | ¥151.0B | ¥117.8B |
| Gross Profit | ¥30.0B | ¥28.3B | ¥31.3B | ¥33.7B | ¥24.4B |
| SG&A | ¥23.5B | ¥23.1B | ¥22.4B | ¥21.1B | ¥18.0B |
| Operating Income | ¥6.5B | ¥5.2B | ¥8.9B | ¥12.7B | ¥6.4B |
| Non-Operating Income | ¥2.6B | ¥3.0B | ¥3.2B | ¥3.0B | ¥2.6B |
| Dividend Income | — | ¥701M | ¥710M | ¥552M | ¥475M |
| Interest Income | — | ¥289M | ¥269M | ¥147M | ¥77M |
| Non-Operating Expenses | — | ¥732M | ¥707M | ¥431M | ¥390M |
| Interest Expense | — | ¥167M | ¥92M | ¥71M | ¥47M |
| Ordinary Income | ¥8.3B | ¥7.5B | ¥11.4B | ¥15.3B | ¥8.6B |
| Pre-tax Income | ¥7.2B | ¥8.5B | ¥10.6B | ¥10.0B | ¥9.6B |
| Income Taxes | ¥370M | ¥2.1B | ¥1.9B | ¥1.9B | ¥1.5B |
| Current Tax | — | ¥1.7B | ¥1.7B | ¥2.4B | ¥1.6B |
| Deferred Tax | — | ¥427M | ¥234M | ¥-531M | ¥-53M |
| Net Income (owners) | ¥6.3B | ¥5.9B | ¥8.3B | ¥7.8B | ¥7.9B |
| Minority Interest | — | ¥450M | ¥391M | ¥259M | ¥141M |
| Comprehensive Income | — | ¥4.0B | ¥14.8B | ¥8.7B | ¥7.2B |
| EBITDA | ¥14.5B | ¥13.7B | ¥15.8B | ¥20.2B | ¥12.5B |
| EPS | ¥93.97 | ¥86.04 | ¥120.64 | ¥114.22 | ¥115.50 |
| Shares Outstanding | — | 67.2M | 68.4M | 68.4M | 68.4M |
| Shares Issued (total) | — | 70.0M | 78.0M | 78.0M | 78.0M |
| Treasury Shares | — | 2.8M | 9.6M | 9.6M | 9.6M |
| Metric |
FY 2025
TDnet |
FY 2024
EDINET ↗ |
FY 2023
EDINET ↗ |
FY 2022
EDINET ↗ |
FY 2021
EDINET ↗ |
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|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Assets | ¥195.6B | ¥192.6B | ¥206.9B | ¥192.3B | ¥170.1B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Current Assets | ¥107.7B | ¥108.3B | ¥118.5B | ¥115.8B | ¥95.0B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Cash & Deposits | ¥24.5B | ¥25.5B | ¥29.4B | ¥25.1B | ¥17.8B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Trade Receivables | — | ¥39.0B | ¥40.2B | ¥42.4B | ¥37.1B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Non-Current Assets | ¥87.9B | ¥84.3B | ¥88.5B | ¥76.5B | ¥75.1B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| PP&E | ¥52.5B | ¥53.1B | ¥52.0B | ¥44.3B | ¥39.6B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Intangible Assets | — | ¥1.9B | ¥1.7B | ¥1.3B | ¥1.3B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Investment Securities | ¥29.4B | ¥26.7B | ¥31.4B | ¥27.9B | ¥31.3B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Deferred Tax Assets | — | ¥84M | ¥100M | ¥533M | ¥265M | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total Liabilities | ¥72.1B | ¥78.8B | ¥93.1B | ¥91.0B | ¥75.5B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Current Liabilities | ¥47.2B | ¥51.6B | ¥75.2B | ¥60.5B | ¥53.1B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Accounts Payable | — | ¥14.9B | ¥14.8B | ¥17.8B | ¥16.7B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ST Debt | ¥10.9B | ¥9.2B | ¥16.5B | ¥11.8B | ¥12.8B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Taxes Payable | — | ¥1.3B | ¥1.2B | ¥1.3B | ¥1.3B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Non-Current Liabilities | ¥24.8B | ¥27.2B | ¥17.9B | ¥30.5B | ¥22.3B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total LT Borrowings | ¥13.2B | ¥15.8B | ¥6.2B | ¥8.8B | — | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Pension Obligations | — | ¥1.5B | ¥1.4B | ¥1.5B | ¥1.5B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Deferred Tax Liab. | — | ¥4.6B | ¥5.6B | ¥4.6B | ¥5.8B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total Equity | ¥123.5B | ¥113.8B | ¥113.8B | ¥101.4B | ¥94.7B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Capital Stock | — | ¥14.3B | ¥14.3B | ¥14.3B | ¥14.3B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Capital Surplus | — | ¥16.9B | ¥16.9B | ¥16.9B | ¥16.9B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Retained Earnings | ¥64.7B | ¥60.8B | ¥67.0B | ¥60.9B | ¥55.0B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Treasury Stock | — | ¥-3.5B | ¥-11.6B | ¥-11.6B | ¥-11.6B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| AOCI | — | ¥22.0B | ¥24.4B | ¥18.4B | ¥17.9B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Equity (owners) | ¥92.4B | ¥88.5B | ¥86.5B | ¥80.5B | ¥74.6B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Minority Interests | — | ¥3.4B | ¥2.9B | ¥2.5B | ¥2.2B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total Interest-Bearing Debt ⓘ | ¥24.1B | ¥24.9B | ¥22.8B | ¥20.6B | ¥12.8B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Net Cash ⓘ | ¥341M | ¥569M | ¥6.6B | ¥4.5B | ¥5.0B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| NCAV ⓘ | ¥35.6B | ¥29.5B | ¥25.4B | ¥24.8B | ¥19.5B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| NCAV/Share | — | ¥439 | ¥371 | ¥363 | ¥286 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| BV/Share | — | ¥1,317 | ¥1,265 | ¥1,176 | ¥1,090 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Metric |
FY 2025
TDnet |
FY 2024
EDINET ↗ |
FY 2023
EDINET ↗ |
FY 2022
EDINET ↗ |
FY 2021
EDINET ↗ |
|---|---|---|---|---|---|
| Operating CF | ¥8.2B | ¥18.3B | ¥16.3B | ¥9.2B | ¥5.3B |
| Interest Paid | — | ¥-167M | ¥-92M | ¥-71M | ¥-47M |
| Interest Received | — | ¥990M | ¥979M | ¥700M | ¥552M |
| D&A | ¥8.1B | ¥8.5B | ¥6.9B | ¥7.5B | ¥6.1B |
| Investing CF | ¥-6.6B | ¥-8.4B | ¥-12.7B | ¥-8.1B | ¥-6.0B |
| CapEx | ¥7.1B | ¥10.7B | ¥12.3B | ¥9.3B | ¥7.9B |
| Purchase Investments | — | ¥-593M | ¥-100M | ¥-204M | ¥-104M |
| Proceeds from Invest. | — | ¥3.1B | ¥1.1B | ¥1.7B | ¥1.9B |
| Financing CF | ¥-3.8B | ¥-14.3B | ¥-571M | ¥5.4B | ¥-2.3B |
| Dividends Paid | — | ¥-2.3B | ¥-2.2B | ¥-1.9B | ¥-1.8B |
| Share Buybacks | — | ¥-1.6B | ¥-1M | ¥-1M | ¥-1M |
| LT Debt Repaid | — | ¥-2.5B | ¥-1.2B | ¥-1.2B | ¥-4.7B |
| Free Cash Flow | ¥1.1B | ¥7.7B | ¥4.0B | ¥-164M | ¥-2.6B |
| Net Change in Cash | — | ¥-3.9B | ¥4.3B | ¥7.3B | ¥-2.0B |
| Metric |
FY 2025
TDnet |
FY 2024
EDINET ↗ |
FY 2023
EDINET ↗ |
FY 2022
EDINET ↗ |
FY 2021
EDINET ↗ |
|---|---|---|---|---|---|
| ROE | 5.3% | 5.3% | 7.9% | 8.2% | 8.8% |
| ROA | 3.3% | 2.9% | 4.1% | 4.3% | 4.6% |
| EPS | ¥93.97 | ¥86.04 | ¥120.64 | ¥114.22 | ¥115.50 |
| DPS | ¥18.00 | ¥35.00 | ¥33.00 | ¥30.00 | ¥27.00 |
| BPS | ¥1,780.91 | ¥1,644.33 | ¥1,620.98 | ¥1,444.66 | ¥1,350.76 |
| FCF/Share | — | ¥115 | ¥59 | ¥-2 | ¥-38 |
| NCAV/Share | — | ¥439 | ¥371 | ¥363 | ¥286 |
| Payout Ratio | 19.2% | 40.7% | 27.4% | 26.3% | 23.4% |
Event Timeline
S Shareholder
A Capital Signal
Large Shareholder Reports 11
Capital Allocation Signals 1
| Date | Type | Amount | Summary | |
|---|---|---|---|---|
|
2026-05-19
14:10
|
Div Increase | ¥1.3B ¥19.0/sh +6% | Nichicon corporation board approved a dividend of ¥19.00 per share (total ¥1,276 million) for the fiscal year ending Mar… | |
|
Summary
Nichicon corporation board approved a dividend of ¥19.00 per share (total ¥1,276 million) for the fiscal year ending March 31, 2026, representing a 5.6% increase from the prior year's ¥18.00 per share. The dividend is scheduled for payment on June 26, 2026, following shareholder approval at the 91st Annual General Meeting on the same date. Full-year dividend guidance of ¥37.00 per share reflects modest capital return growth.
Deadline: 2026-06-26
YoY: +6%
Source (JP)
2026年3月31日を基準日とする剰余金の配当を行うことの承認を求める議案を、2026年6月26日開催予定の当社第91回定時株主総会に付議することを決議しました。1株当たり配当金 19円00銭
剰余金の配当に関するお知らせ
TDnet PDF
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| # | Shareholder | Shares (thou.) | % of Total |
|---|---|---|---|
| 1 |
Japan Master Trust Bank
日本マスタートラスト信託銀行株式会社(信託口)
|
7,924 | 11.80% |
| 2 |
Business Partner Stock Ownership Plan
ニチコン取引先持株会
|
3,743 | 5.60% |
| 3 |
The Bank of Kyoto
株式会社京都銀行
|
3,409 | 5.10% |
| 4 |
Mizuho Bank
株式会社みずほ銀行
|
2,690 | 4.00% |
| 5 |
Nippon Life Insurance
日本生命保険相互会社
|
2,670 | 4.00% |
| 6 |
Japan Custody Bank
株式会社日本カストディ銀行(信託口)
|
2,314 | 3.40% |
| 7 |
State Street Bank and Trust Company
STATE STREET BANK AND TRUST COMPANY 505001 (常任代理人 株式会社みずほ銀行決裁営業部)
|
2,290 | 3.40% |
| 8 |
Sumitomo Mitsui Banking Corporation
株式会社三井住友銀行
|
2,200 | 3.30% |
| 9 |
MUFG Bank
株式会社三菱UFJ銀行
|
2,000 | 3.00% |
| 10 | HSBC HONG KONG-TREASURY SERVICES A/C ASIAN EQUITIES DERIVATIVES (常任代理人 香港上海銀行東京支 店 カストディ業務部) | 1,717 | 2.60% |
as of 2025-03-31
Source: EDINET ↗
Ownership by year — hover bars for detail
Domestic Nominees
15.2%
-0.5% vs 2024
Trust bank custodians — GPIF, pensions, investment trusts
Foreign Custodians
3.4%
+3.4% vs 2024
Sub-custodians for foreign asset managers
Direct / Strategic
27.6%
-1.0% vs 2024
Named entities with disclosed investment intent
Bar = % of shares outstanding · top-10 covers 46.2% · grey = other shareholders · 2025
| Shareholder | Trend | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Japan Master Trust Bank 日本マスタートラスト信託銀行 | 11.20% | 12.50% | 11.80% -0.70% | |
| Business Partner Stock Ownership Plan ニチコン取引先持株会 | 5.10% | 5.20% | 5.60% +0.40% | |
| The Bank of Kyoto 式会社京都銀行 | 5.00% | 5.00% | 5.10% +0.10% | |
| Mizuho Bank みずほ銀行 | 3.90% | 3.90% | 4.00% +0.10% | |
| Nippon Life Insurance 日本生命保険 | 3.90% | 3.90% | 4.00% +0.10% | |
| Japan Custody Bank 日本カストディ銀行 | 4.40% | 3.20% | 3.40% +0.20% | |
| State Street NEW ENTRY | — | — | — | 3.40% NEW |
| Sumitomo Mitsui Banking Corporation 三井住友銀行 | 3.20% | 3.20% | 3.30% +0.10% | |
| MUFG Bank 式会社三菱UFJ銀行 | 2.90% | 2.90% | 3.00% +0.10% | |
| HSBC HONG KONG-TREASURY SERVICES A/C ASIAN EQUITIES DERIVATIVES NEW ENTRY | — | — | — | 2.60% NEW |
| Employee Stock Ownership Plan ニチコン従業員持株会 last seen 2024 | Exited Top 10 | 2.40% | 2.40% | — |
| Tokio Marine & Nichido Fire Insurance Co., Ltd. 東京海上日動火災保険 last seen 2024 | Exited Top 10 | 2.10% | 2.10% | — |
| Concentration (HHI) ⓘ | 255 | 278 | 278 |
3 fiscal years · top-10 holders per year · >2,500 HHI = high concentration · entity-resolved
Portfolio Book Value
¥20,853M
-10% since 2023
Holdings
25
+2 new
12 exited
Trend
5 building
vs 2023
| Held Company | FY2025 ¥20,853M total | FY2023 ¥23,207M total | |||
|---|---|---|---|---|---|
| Book Val ¥M | Shares | Book Val ¥M | Shares | ||
|
NIDEC CORPORATION
ニデック株式会社
|
5,805 |
NEW
New
2,329,600
|
— | M | |
|
Kyoto Financial Group, Inc.
株式会社京都フィナンシャルグループ
|
3,967 |
NEW
New
1,743,600
|
— | M | |
|
Fuyo General Lease Co., Ltd.
芙蓉総合リース株式会社
|
2,211 |
191,000
|
1,719 | 191,000 | M |
|
Mitsubishi UFJ Financial Group, Inc.
株式会社三菱UFJフィナンシャル・グループ
|
2,193 |
1,090,570
|
924 | 1,090,570 | M |
|
Hosiden Corporation
ホシデン株式会社
|
945 |
475,600
|
765 | 475,600 | M |
|
DAIKIN INDUSTRIES, LTD.
ダイキン工業株式会社
|
807 |
50,000
|
1,182 | 50,000 | M |
|
Inaba Denki Sangyo Co., Ltd.
因幡電機産業株式会社
|
792 |
208,582
|
602 | 208,582 | M |
|
OKAYA&CO.,LTD.
岡谷鋼機株式会社
|
699 |
+100.0%
↑
100,200
|
519 | 50,100 | M |
|
ROHM COMPANY LIMITED
ローム株式会社
|
631 |
+300.0%
↑
442,400
|
1,213 | 110,600 | M |
|
EIZO Corporation
EIZO株式会社
|
540 |
+100.0%
↑
259,200
|
530 | 129,600 | M |
|
Sumitomo Mitsui Financial Group, Inc.
株式会社三井住友フィナンシャルグループ
|
433 |
+200.0%
↑
114,300
|
201 | 38,100 | M |
|
sun-wa technos corporation
サンワテクノス株式会社
|
360 |
169,700
|
329 | 169,700 | M |
|
Sompo Holdings, Inc.
SOMPOホールディングス株式会社
|
356 |
+200.0%
↑
78,750
|
137 | 26,250 | M |
|
CANON ELECTRONICS INC.
キヤノン電子株式会社
|
350 |
141,000
|
260 | 141,000 | M |
|
KAGA ELECTRONICS CO.,LTD.
加賀電子株式会社
|
271 |
100,500
|
503 | 100,500 | M |
|
Mizuho Financial Group, Inc.
株式会社みずほフィナンシャルグループ
|
218 |
53,856
|
101 | 53,856 | M |
|
Shinko Shoji Co.,Ltd.
新光商事株式会社
|
120 |
134,000
|
164 | 134,000 | M |
|
OPTEX GROUP Company,Limited
オプテックスグループ株式会社
|
94 |
54,400
|
112 | 54,400 | M |
|
HAGIWARA ELECTRIC HOLDINGS CO.,LTD.
萩原電気ホールディングス株式会社
|
61 |
18,750
|
62 | 18,750 | M |
|
Ryoden Co., Ltd.
株式会社RYODEN
|
— | — | M | ||
|
FUJI CORPORATION
株式会社FUJI
|
— | — | M | ||
|
Mitsubishi Electric Corporation
三菱電機株式会社
|
— | — | |||
|
Oji Holdings Corporation
王子ホールディングス株式会社
|
— | — | |||
|
FUJITSU GENERAL LIMITED
株式会社富士通ゼネラル
|
— | — | |||
| アポロフューチャーモビリティー | — | — | |||
| ソニー株式会社 | — |
−100%
Exit
—
|
1,318 | 110,000 | |
|
YOKOWO CO.,LTD.
株式会社ヨコオ
|
— |
−100%
Exit
—
|
787 | 377,000 | M |
|
ISHIHARA CHEMICAL CO.,LTD.
石原ケミカル株式会社
|
— |
−100%
Exit
—
|
234 | 166,600 | M |
| 日本CMK株式会社 | — |
−100%
Exit
—
|
45 | 100,200 | M |
|
TACHIBANA ELETECH CO.,LTD.
株式会社立花エレテック
|
— |
−100%
Exit
—
|
23 | 11,880 | M |
| 日本電産株式会社 | — |
−100%
Exit
—
|
7,973 | 1,164,800 | M |
|
The Bank of Kyoto
株式会社京都銀行
|
— |
−100%
Exit
—
|
2,724 | 435,900 | M |
|
Glosel Co., Ltd.
株式会社グローセル
|
— |
−100%
Exit
—
|
306 | 727,000 | M |
|
Resonac Holdings Corporation
株式会社レゾナック・ホールディングス
|
— |
−100%
Exit
—
|
289 | 133,000 | M |
|
Nippon Electric Glass Co., Ltd.
日本電気硝子株式会社
|
— |
−100%
Exit
—
|
143 | 56,400 | M |
| 菱電商事株式会社 | — |
−100%
Exit
—
|
30 | 16,500 | M |
|
Sharp Corporation
シャープ株式会社
|
— |
−100%
Exit
—
|
12 | 13,200 | |
| Portfolio total | 20,853 | 23,207 | |||
Book value in ¥M · ↓ reduced · ↑ increased vs prior year · M = mutual holding