Aluminum Electrolytic Capacitors UPGRADE Surface Mount Type FKS series V type 6.3 V to 50 V 63 V to 100 V : High temperature Lead-Free reflow : Standard Lead-Free reflow Features Endurance105 2000 h 1 size smaller than series FK Vibration-proof product (30G guaranteed) is available upon request6.3 AEC-Q200 compliant RoHS compliant Specifications Category temp. range Rated voltage range Capacitance range Capacitance tolerance Leakage current Dissipation factor (tan ) Characteristics at low temperature Endurance Shelf life Resistance to soldering heat -55 to +105 6.3 V to 100 V 10 F to 1800 F 20 % (120 Hz / +20 ) I 0.01 CV or 3 (A) After 2 minutes (Whichever is greater) Please see the attached characteristics list Rated voltage (V) 6.3 10 16 25 35 50 63 80 100 Z (-25 ) / Z (+20 ) 2 2 2 2 2 2 2 2 2 (Impedance ratio at 120 Hz) Z (-40 ) / Z (+20 ) 3 3 3 3 3 3 3 3 3 Z (-55 ) / Z (+20 ) 4 4 4 3 3 3 3 3 3 After applying rated working voltage for 2000 hours at +105 2 and then being stabilized at +20 , capacitors shall meet the following limits. Capacitance change Within 30 % of the initial value (6.3 V of B, C size : Within 40 %) Dissipation factortan ) 200 % of the initial limit Leakage current Within the initial limit After storage for 1000 hours at +105 2 with no voltage applied and then being stabilized at +20 , capacitors shall meet the limits specified in endurance. (With voltage treatment) After reflow soldering and then being stabilized at +20 , capacitors shall meet the following limits. Capacitance change Within 10 % of the initial value Dissipation factortan ) Within the initial limit Leakage current Within the initial limit Frequency correction factor for ripple current Frequency (Hz) Correction factor 120 0.65 10 k 0.95 Dimensions 0.3 max. Rated voltage code Lot number R.voltage code 6.3 10 16 25 35 P L UnitV H J K 2A 50 63 80 100 I Series identification B0.2 Capacitance (F) H D0.5 Negative polarity marking (-) j A C E V A0.2 K Example : 6.3 V 270 F Marking color : BLACK 270 j KS 100 k to 1.00 I Marking 1k 0.85 W Pressure Relief (10 and larger) Reference size Unitmm Size code D L AB H I W P B 4.0 5.80.3 4.3 5.5 max. 1.8 0.650.1 1.0 0.35 K C 5.0 5.80.3 5.3 6.5 max. 2.2 0.650.1 1.5 0.35 D 6.3 5.80.3 6.6 7.8 max. 2.6 0.650.1 1.8 0.35 D8 6.3 7.70.3 6.6 7.8 max. 2.6 0.650.1 1.8 0.35 +0.15 0.20 +0.15 0.20 +0.15 0.20 +0.15 0.20 F 8.0 10.20.3 8.3 10.0 max. 3.4 0.900.2 3.1 0.700.2 G 10.0 10.20.3 10.3 12.0 max. 3.5 0.900.2 4.6 0.700.2 The dimensions of the vibration-proof products, please refer to the page of the mounting specification. Design and specifications are each subject to change without notice. Ask factory for the current technical specifications before purchase and/or use. Should a safety concern arise regarding this product, please be sure to contact us immediately. 10-Dec-19 Aluminum Electrolytic Capacitors (SMD Type) Dimensions (Vibration-proof products) The size and shape are different from standard products. Please inquire details of our company. D H A, B max. L D 6.3 6.1 D8 E F G H13 J16 K16 K21 6.3 8.0 8.0 10.0 12.5 16.0 18.0 18.0 8.0 6.5 10.5 10.5 13.8 16.8 16.8 21.8 R (P) B0.2 (S) H D0.5 F W *1E to G : L0.3 W P ( ) Reference size Supportive Terminals H13 to K21 : L0.5 I (I) (I) T L*1 ( ) Reference size Supportive Terminals A0.2 (I) R (P) (S) B0.2 D0.5 H T W L0.3 Size code F K A0.2 F (I) < Size codeE, F, G, H13, J16, K16, K21 > K < Size codeD, D8 > Unit K +0.15 0.20 +0.15 0.20 +0.15 0.20 6.6 7.8 0 to +0.15 2.4 0.650.1 2.2 0.35 6.6 8.3 8.3 10.3 13.5 17.0 19.0 19.0 7.8 9.5 10.0 12.0 15.0 19.0 21.0 21.0 0 to +0.15 0 to +0.15 0 to +0.15 0 to +0.15 -0.1 to +0.15 -0.1 to +0.15 -0.1 to +0.15 -0.1 to +0.15 2.4 3.4 3.4 3.5 4.7 5.5 6.7 6.7 0.650.1 0.70.1 1.20.2 1.20.2 1.20.2 1.40.2 1.40.2 1.40.2 2.2 2.2 3.1 4.6 4.4 6.7 6.7 6.7 0.35 0.35 0.700.2 0.700.2 0.700.3 0.700.3 0.700.3 0.700.3 R S T 1.10.2 3.3 1.050.2 1.10.2 0.700.2 0.700.2 0.700.2 2.20.2 3.00.2 3.00.2 3.00.2 3.3 5.3 5.3 6.9 7.1 9.0 11.0 11.0 1.050.2 1.70.2 1.30.2 1.30.2 2.40.2 1.90.2 1.90.2 1.90.2 Land / Pad pattern The circuit board land/pad pattern size for chip capacitors is specified in the following table. The land pitch influences installation strength and consider it. Table of board land size vs. capacitor size Standard products Size code c b B (4) C (5) D (6.3) D8 (6.3x7.7L) E (8x6.2L) F (8x10.2L) G (10x10.2L) H (12.5) J (16) K (18) b a Land space Vibration-proof products 1.0 1.5 1.8 1.8 2.2 3.1 4.6 4.0 6.0 6.0 c 2.5 2.8 3.2 3.2 4.0 4.0 4.1 5.7 6.5 7.5 1.6 1.6 1.6 1.6 1.6 2.0 2.0 2.0 2.5 2.5 Table of board land size vs. capacitor size C B A A B Size code B G F H E D G G H D (6.3xL6.1 D8 (6.3xL8.0 E (8x6.5L) F (8x10.5L) G (10) H (12.5) J (16) K (18) A 1.2 1.2 1.8 2.7 3.9 3.9 5.8 5.8 B 3.6 3.6 4.2 4.0 4.4 6.0 6.8 7.3 C 3.2 3.2 5.0 4.7 4.7 6.9 6.2 6.2 D 2.0 2.0 1.3 1.3 1.3 2.8 3.6 3.6 Unit E F G H 1.5 1.0 1.2 1.3 1.3 1.8 1.4 1.7 1.9 1.9 1.9 1.9 1.5 1.1 1.1 2.2 1.7 1.7 2.0 2.5 2.5 2.5 2.8 2.8 0.95 0.65 1.0 1.2 0.95 0.65 1.0 1.2 When size "A" is wide, back fi llet can be made, decreasing fi tting strength. C G F < Size codeE, F, G, H, J, K > C Unit b When size "a" is wide, back fi llet can be made, decreasing fi tting strength. < Size codeD, D8 > C a Take mounting conditions, solderability and fi tting strength into consideration B D B when selecting parts for your company's design. The vibration-proof capacitors of size 6.3 has support terminals extending A E A from the bottom side to the lead edge. Then, make sure to find appropriate soldering conditions to form fillet on the support terminals if required for B appearance inspection. Design and specifications are each subject to change without notice. Ask factory for the current technical specifications before purchase and/or use. Should a safety concern arise regarding this product, please be sure to contact us immediately. 26-Apr-19 Aluminum Electrolytic Capacitors (SMD Type) FKS (High temp. / Standard reflow) series Characteristics list 6.3 V to 50 V (High temperature reflow) 6.3 16 NEW 4.0 5.8 5.0 5.8 270 6.3 5.8 6.1 470 6.3 7.7 8.0 10.0 10.2 10.5 56 4.0 5.8 120 5.0 5.8 220 6.3 5.8 6.1 330 6.3 7.7 8.0 8.0 10.2 10.5 1200 10.0 10.2 10.5 1500 10.0 10.2 47 4.0 100 NEW NEW 35 NEW NEW 50 Ripple current *1 ESR*2 () tan *3 Min. Part No. Standard Product Packaging Vibration-proof product (mA rms) B C D D8 G B C D D8 Q'ty Taping (pcs) 90 1.35 0.26 EEEFK0J680SR (5) 2000 160 0.70 0.26 EEEFK0J151SR (5) 1000 240 0.36 0.26 EEEFK0J271SP EEEFK0J271SV (5) 1000 280 0.34 0.26 EEEFKJ471XSP EEEFKJ471XSV (5) 900 850 0.08 0.26 EEEFK0J182SP EEEFK0J182SV 90 1.35 0.19 EEEFK1A560SR 160 0.70 0.19 EEEFK1A121SR 240 0.36 0.19 EEEFK1A221SP EEEFK1A221SV 280 0.34 0.19 EEEFKA331XSP (6) 500 (5) 2000 (5) 1000 (5) 1000 EEEFKA331XSV (5) 900 F 600 0.16 0.19 EEEFK1A821SP EEEFK1A821SV (6) 500 850 0.08 0.19 EEEFK1A122SP EEEFK1A122SV (6) 500 10.5 G G 850 0.08 0.19 EEEFK1A152SP EEEFK1A152SV (6) 500 5.8 90 1.35 0.16 EEEFK1C470SR (5) 2000 5.0 5.8 B 160 0.70 0.16 EEEFK1C101SR (5) 1000 150 6.3 5.8 6.1 270 6.3 7.7 8.0 560 8.0 10.2 10.5 680 8.0 10.2 1000 25 Vibration Standard -proof 68 820 NEW D 150 1800 10 L Specification Reflow Rated Capacitance voltage (20 %) (F) (V) (mm) Size code Case size Endurance : 105 2000 h C 240 0.36 0.16 EEEFK1C151SP EEEFK1C151SV (5) 1000 D8 280 0.34 0.16 EEEFKC271XSP EEEFKC271XSV (5) 900 600 0.16 0.16 EEEFK1C561SP EEEFK1C561SV (6) 500 10.5 F F 600 0.16 0.16 EEEFK1C681SP EEEFK1C681SV (6) 500 G 850 0.08 0.16 EEEFK1C102SP EEEFK1C102SV 90 1.35 0.14 EEEFK1E270SR 160 0.70 0.14 EEEFK1E560SR 240 0.36 0.14 EEEFK1E101SP EEEFK1E101SV 280 0.34 0.14 EEEFKE151XSP D8 280 0.34 0.14 F F 600 0.16 0.14 600 0.16 850 10.0 10.2 10.5 27 4.0 5.8 D B 56 5.0 5.8 100 6.3 5.8 6.1 150 6.3 7.7 8.0 180 6.3 7.7 8.0 390 8.0 10.2 10.5 470 8.0 10.2 10.5 680 10.0 10.2 10.5 820 10.0 10.2 10.5 G G 18 4.0 5.8 39 5.0 5.8 B 68 6.3 5.8 6.1 82 6.3 5.8 6.1 120 6.3 7.7 8.0 270 8.0 10.2 10.5 330 8.0 10.2 10.5 470 10.0 10.2 10.5 560 10.0 10.2 10.5 10 4.0 5.8 22 5.0 5.8 39 6.3 5.8 6.1 82 6.3 7.7 8.0 180 8.0 10.2 10.5 270 10.0 10.2 10.5 C D D8 (6) 500 (5) 2000 (5) 1000 (5) 1000 EEEFKE151XSV (5) 900 EEEFKE181XSP EEEFKE181XSV (5) 900 EEEFK1E391SP EEEFK1E391SV (6) 500 0.14 EEEFK1E471SP EEEFK1E471SV (6) 500 0.08 0.14 EEEFK1E681SP EEEFK1E681SV (6) 500 850 0.08 0.14 EEEFK1E821SP EEEFK1E821SV (6) 500 90 1.35 0.12 EEEFK1V180SR (5) 2000 160 0.70 0.12 EEEFK1V390SR (5) 1000 240 0.36 0.12 EEEFK1V680SP EEEFK1V680SV (5) 1000 240 0.36 0.12 EEEFK1V820SP EEEFK1V820SV (5) 1000 D8 280 0.34 0.12 EEEFKV121XSP EEEFKV121XSV (5) 900 F F 600 0.16 0.12 EEEFK1V271SP EEEFK1V271SV (6) 500 600 0.16 0.12 EEEFK1V331SP EEEFK1V331SV (6) 500 G G 850 0.08 0.12 EEEFK1V471SP EEEFK1V471SV (6) 500 850 0.08 0.12 EEEFK1V561SP EEEFK1V561SV (6) 500 B 60 3.50 0.10 EEEFK1H100SR (5) 2000 C D D C D D8 F G 85 1.52 0.10 EEEFK1H220SR (5) 1000 165 0.88 0.10 EEEFK1H390SP EEEFK1H390SV (5) 1000 195 0.68 0.10 EEEFKH820XSP EEEFKH820XSV (5) 900 350 0.34 0.10 EEEFK1H181SP EEEFK1H181SV (6) 500 670 0.18 0.10 EEEFK1H271SP EEEFK1H271SV (6) 500 *1: Ripple current (100 kHz / +105 *2: ESR (100 kHz / +20 ) *3: tan (120 Hz / +20 ) If Part number exceeds 12 digits, voltage code is abbreviated as follows; 0J J, 1A A, 1C C, 1E E, 1V V, 1H H Please refer to the page of "Reflow Profile" and "The Taping Dimensions". Design and specifications are each subject to change without notice. Ask factory for the current technical specifications before purchase and/or use. Should a safety concern arise regarding this product, please be sure to contact us immediately. 10-Dec-19 Aluminum Electrolytic Capacitors (SMD Type) FKS (High temp. / Standard reflow) series Characteristics list 63 V to 100 V (Standard reflow) NEW 63 NEW 80 NEW 100 120 L D Vibration Standard -proof Specification Ripple current *1 ESR*2 () tan *3 Min. Part No. Standard Product Packaging Vibration-proof product Reflow Rated Capacitance voltage (20 %) (F) (V) (mm) Size code Case size Endurance : 105 2000 h (mA rms) Q'ty Taping (pcs) 10.0 10.2 10.5 G 400 0.35 0.08 EEEFK1J121SP EEEFK1J121SV (2) 500 47 8.0 10.2 10.5 F 130 1.30 0.08 EEEFK1K470SP EEEFK1K470SV (2) 500 82 10.0 10.2 10.5 G 200 0.70 0.08 EEEFK1K820SP EEEFK1K820SV (2) 500 27 8.0 10.2 10.5 F 130 1.30 0.07 EEEFK2A270SP EEEFK2A270SV (2) 500 47 10.0 10.2 10.5 G 200 0.70 0.07 EEEFK2A470SP EEEFK2A470SV (2) 500 *1: Ripple current (100 kHz / +105 *2: ESR (100 kHz / +20 ) *3: tan (120 Hz / +20 ) If Part number exceeds 12 digits, voltage code is abbreviated as follows; 0J J, 1A A, 1C C, 1E E, 1V V, 1H H Please refer to the page of "Reflow Profile" and "The Taping Dimensions". Design and specifications are each subject to change without notice. Ask factory for the current technical specifications before purchase and/or use. Should a safety concern arise regarding this product, please be sure to contact us immediately. 10-Dec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b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w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b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b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