The Japanese electronics group posted net profit of Y6.31 billion for the year ended 31 March, versus Y5.88 billion a year earlier, with earnings per share rising to Y93.97.
Operating profit increased to Y6.46 billion from Y5.20 billion and pretax profit to Y8.33 billion from Y7.51 billion, despite revenue falling to Y169.72 billion from Y175.75 billion.
The results were prepared under Japanese accounting standards, indicating improved profitability even as annual sales declined.
As Nichicon's revenue is set to decline, how will its new tech drive a projected 24% surge in operating profit?
Can Nichicon's supercapacitors overcome intense competition and rising material costs to truly revolutionize the EV and energy storage markets?