Nidec Corporation (TOKYO: 6594) (OTC US: NJDCY) today announced its consolidated financial results under the International Financial Reporting Standards (“IFRS”) for the period of April 1, 2024 through September 30, 2024.
The highlights are as follows:
- First half net sales stood at a record high of ¥1,293.8 billion, 11.8% higher Y/Y.
- First half operating profit increased 4.9% Y/Y to ¥121.0 billion, marking a record high.
- Quarterly operating profit stood at a record high.
Selected Consolidated Results of Operations (Unaudited) (IFRS-Based)
|
Yen in millions, except for per share amounts and percentages
|
Six months ended
September 30,
|
Increase
(Decrease)
%
|
Three months ended
September 30,
|
Increase
(Decrease)
%
|
|
|
2024
|
2023
|
2024
|
2023
|
|
Net sales
|
1,293,811
|
1,157,448
|
11.8%
|
645,645
|
593,086
|
8.9%
|
|
Operating profit
|
121,000
|
115,309
|
4.9%
|
60,672
|
55,133
|
10.0%
|
|
Ratio of operating profit to net sales
|
9.4%
|
10.0%
|
-
|
9.4%
|
9.3%
|
-
|
|
Profit before income taxes
|
100,174
|
144,886
|
(30.9)%
|
21,502
|
58,781
|
(63.4)%
|
|
Ratio of profit before income taxes to net sales
|
7.7%
|
12.5%
|
-
|
3.3%
|
9.9%
|
-
|
|
Profit attributable to owners of the parent
|
75,572
|
105,710
|
(28.5)%
|
19,487
|
41,644
|
(53.2)%
|
|
Ratio of profit attributable to owners of the parent to net sales
|
5.8%
|
9.1%
|
-
|
3.0%
|
7.0%
|
-
|
|
Earnings per share attributable to owners of the parent
- basic (Yen)
|
65.76
|
91.99
|
-
|
16.96
|
36.24
|
-
|
|
Earnings per share attributable to owners of the parent
- diluted (Yen)
|
65.76
|
91.99
|
-
|
16.96
|
36.24
|
-
|
Full copy of Nidec’s financial statements for the second quarter and six months ended September 30, 2024:
https://www.nidec.com/en/ir/news/2024/news1023-02/
A webcast (audio-only) discussing Nidec’s financial results for the second quarter and six months ended September 30, 2024 is scheduled for 10:00 a.m. JST on Thursday, October 24, 2024. To listen to the webcast, please visit Nidec website at https://www.nidec.com/en/ir/event/conference. (The webcast will be available on October 25, 2024.)
About Nidec Corporation
Nidec Corporation (TOKYO: 6594) (OTC US: NJDCY) is a global leader in electric motor drive technology. For the six months ended September 30, 2024, 18.8% of its consolidated sales were represented by small precision motors; 25.6% by automotive products; 40.2% by appliance, commercial and industrial products; 11.9% by machinery; 3.5% by electronic and optical components, and 0.2% by the remaining products lines. Nidec was founded in Kyoto, Japan in 1973 by Shigenobu Nagamori, its current Founder and Chairman of the Board.
View source version on businesswire.com: https://www.businesswire.com/news/home/20241022850391/en/