Nippon Chemi-con CorporationTSE: 6997

Financial Results Explanatory Material (3Q FY2025)

· Issued by Nippon Chemi-con Corporation
Financial Results Explanatory Material for Q3 FY2025 (Nine months ended December 31, 2025)





TSE Prime Market, Securities code:6997

Trend in Quarterly Earnings

Net Sales

Unit: Million yen

45,000

41,137

40,000

35,000

39,203

35,680

Trends in Net Sales and Operating Margin

34,718

30,911 31,858 30,885

30,618

33,361

Operating Margin (％)

15%

13%

35,897

11%

9%

30,000

25,000

20,000

15,000

5.9%

6.9%

6.4%

5.8%

29,296

1.8%

4.3%

1.4%

4.6%

0.5%

2.4%

7%

5%

2.7%

3%

1%

10,000

-1%

5,000

-3%

0

FY2023

Q1 Q2 Q3 Q4

FY2024

Q1 Q2 Q3 Q4

FY2025

Q1 Q2 Q3

-5%

Main Points of Q1-Q3 FY2025 Consolidated Results

Main Points

Net Sales

  • Net sales (Market Trends)

    • ICT market

      Sales of high-performance products to data centers were strong (including AI servers).

    • Automotive electronics market

      Markets trended towards recovery, particularly European markets and HEV.

      Status of customer parts inventory improved, growth in adoption of automotive electronics.

    • Industrial equipment market

      US markets such as industrial equipment and FA bottomed out and are trending towards recovery. Full-scale recovery projected for Q4 or later.

  • Operating income

    • Operating income decreased by 15.6% YoY due to soaring material costs and selling price fluctuations.

100,144 million yen

YoY, up +10.3%

Operating income

1,932 million yen

YoY -15.6%

Profit attributable to owners of parent

1,230 million yen

YoY +1,216 Million yen

Q1-Q3 FY2025 Consolidated Results (YoY)

ICT market was strong and a mild recovery on the industrial equipment and automotive electronics markets also contributed to increased net sales

Unit: Million yen, %

FY2024

FY2025

YoY

Q1-Q3

Q1-Q3

Change

% Change

Net Sales

90,826

100,144

+9,318

+10.3%

Operating income

2,287

1,932

-355

-15.6%

Ratio to net sales

2.5%

1.9%

-0.6pt

-

Profit attributable to owners of parent

13

1,230

+1,216

-

Ratio to net sales

0.0%

1.2%

+1.2pt

-

Capital investment

6,223

4,835

-1,388

-22.3%

Depreciation and amortization

4,922

5,042

+120

+2.5%

R&D expenses

3,149

2,933

-215

-6.8%

Avg. exchange rate: USD (yen)

152.57

148.74

2.5% yen appreciation

Q1-Q3 FY2025 Net Sales by Product (YoY)

Net sales from aluminum electrolytic capacitors increased mainly on growth in data center demand (including AI servers)

Unit: Million yen, %

FY2024

FY2025

YoY

Q1-Q3

Q1-Q3

Amount

% of total

Amount

% of total

Change

% Change

Aluminum electrolytic

78,277

86.2%

87,970

87.9%

+9,693

+12.4%

Conductive polymer

15,056

16.5%

16,570

16.5%

+1,514

+10.1%



DLCAP

2,843

3.1%

2,718

2.7%

-125

-4.4%

Ceramic capacitors/ Varistors

1,832

2.0%

1,919

1.9%

+87

+14.6%

Mechanical parts and other parts

2,536

2.8%

2,279

2.3%

-256

-10.1%

Capacitor materials

4,431

4.9%

3,954

3.9%

-476

-10.8%

Other

905

1.0%

1,302

1.3%

+396

+43.8%

Total

90,826

100.0

100,144

100.0%

+9,318

+10.3%

NIPPON CHEMI‐CON CORPORATION February 2026

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