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 December 31, 2024.
The highlights are as follows:
- Nine months net sales stood at record high of ¥1.946 trillion, 11.5% higher Y/Y.
- Nine months operating profit stood at record high of ¥175.5 billion, 5.0% higher Y/Y.
- Record-high level cash-flow maintained.
Selected Consolidated Results of Operations (Unaudited) (IFRS-Based)
|
Yen in millions, except for per share amounts and percentages
|
Nine months ended
December 31,
|
|
Increase
(Decrease)
%
|
|
Three months ended
December 31,
|
|
Increase
(Decrease)
%
|
|
|
2024
|
|
2023
|
|
|
2024
|
|
2023
|
|
|
Net sales
|
1,945,964
|
|
1,745,073
|
|
11.5%
|
|
652,153
|
|
587,625
|
|
11%
|
|
Operating profit
|
175,536
|
|
167,104
|
|
5.0%
|
|
54,536
|
|
51,795
|
|
5.3%
|
|
Ratio of operating profit to net sales
|
9.0%
|
|
9.6%
|
|
-
|
|
8.4%
|
|
8.8%
|
|
-
|
|
Profit before income taxes
|
182,532
|
|
191,527
|
|
(4.7)%
|
|
82,358
|
|
46,641
|
|
76.6%
|
|
Ratio of profit before income taxes to net sales
|
9.4%
|
|
11.0%
|
|
-
|
|
12.6%
|
|
7.9%
|
|
-
|
|
Profit attributable to owners of the parent
|
134,615
|
|
144,237
|
|
(6.7)%
|
|
59,043
|
|
38,527
|
|
53.3%
|
|
Ratio of profit attributable to owners of the parent to net sales
|
6.9%
|
|
8.3%
|
|
-
|
|
9.1%
|
|
6.6%
|
|
-
|
|
Earnings per share attributable to owners of the parent
- basic (Yen)
|
117.14
|
|
125.51
|
|
-
|
|
51.38
|
|
33.52
|
|
-
|
|
Earnings per share attributable to owners of the parent
- diluted (Yen)
|
-
|
|
-
|
|
-
|
|
-
|
|
-
|
|
-
|
Full copy of Nidec’s financial statements for the third quarter and nine months ended December 31, 2024:
https://www.nidec.com/en/ir/news/2025/news0123-03/
A webcast (audio-only) discussing Nidec’s financial results for the third quarter and nine months ended December 31, 2024 is scheduled for 5:00 p.m. JST on Thursday, January 23, 2025. To listen to the webcast, please visit Nidec website at: https://www.nidec.com/en/ir/event/conference
(The webcast will be available on January 24, 2025, JST.)
About Nidec Corporation
Nidec Corporation (TOKYO: 6594) (OTC US: NJDCY) is a global leader in electric motor drive technology. For the nine months ended December 31, 2024, 18.9% of its consolidated sales were represented by small precision motors; 25.5% by automotive products; 40.1% by appliance, commercial and industrial products; 12.0% by machinery; 3.4% 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/20250122962167/en/