Le Lézard
Classified in: Business
Subjects: EARNINGS, Dividend, Webcast

Nidec Announces Financial Results for Fiscal Year Ended March 31, 2024


Nidec Corporation (TOKYO: 6594) (OTC US: NJDCY) today announced its consolidated financial results under the International Financial Reporting Standards ("IFRS") for the fiscal year ended March 31, 2024.

The highlights are as follows:

Selected Consolidated Results of Operations (Unaudited) (IFRS-Based)

Yen in millions, except for per share amounts and percentages

Year ended
March 31,

 

Increase
(Decrease)
%

 

Three months ended
March 31,

 

Increase
(Decrease)
%

?

2024

 

2023

   

2024

 

2023

 

Net sales

2,348,202

 

2,242,824

 

4.7%

 

593,514

 

543,077

 

9.3%

Operating profit

163,106

 

100,028

 

63.1%

 

(6,172)

 

(24,376)

 

-

Ratio of operating profit to net sales

6.9%

 

4.5%

 

-

 

(1.0%)

 

(4.5%)

 

-

Profit before income taxes

202,919

 

120,540

 

68.3%

 

9,218

 

(21,404)

 

-

Ratio of profit before income taxes to net sales

8.6%

 

5.4%

 

-

 

1.6%

 

(3.9%)

 

-

Profit attributable to owners of the parent

125,387

 

44,964

 

178.9%

 

(20,492)

 

(59,113)

 

-

Ratio of profit attributable to owners of the parent to net sales

5.3%

 

2.0%

 

-

 

(3.5%)

 

(10.9%)

 

-

Earnings per share attributable to owners of the parent
- basic (Yen)

218.22

 

78.12

 

-

 

(35.66)

 

(102.89)

 

-

Earnings per share attributable to owners of the parent
- diluted (Yen)

-

 

-

 

-

 

-

 

-

 

-

Full copy of Nidec's financial statements for the year ended March 31, 2024:
https://www.nidec.com/en/ir/news/2024/news0423-02/

A webcast (audio-only) discussing Nidec's financial results for the year ended March 31, 2024 is scheduled for 10:00 a.m. JST on Wednesday, April 24, 2024. To listen to the webcast, please visit Nidec website at:
https://www.nidec.com/en/ir/event/conference

About Nidec Corporation
Nidec Corporation (TOKYO: 6594) (OTC US: NJDCY) is a global leader in electric motor drive technology. For the year ended March 31, 2024, 17.7% of its consolidated sales were represented by small precision motors; 24.7% by automotive products; 41.1% by appliance, commercial and industrial products; 12.8% 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 Founder and Executive Chairman.


These press releases may also interest you

at 19:05
Vistra Set to Join S&P 500; Aaon to Join S&P MidCap 400; Marathon Digital Holdings to Join S&P SmallCap 600
S&P MidCap 400 constituent Vistra Corp. will replace Pioneer Natural Resources Co. in the S&P 500, S&P SmallCap 600 constituent Aaon Inc. (NASD: AAON) will replace Vistra in the S&P MidCap 400, and Marathon Digital Holdings Inc. (NASD: MARA) will...

at 19:00
VIZSLA SILVER PROVIDES FURTHER UPDATE ON ACQUISITION OF LARGE CLAIM PACKAGE ALONG HIGHLY PROSPECTIVE STRUCTURAL TREND, SOUTH OF PANUCO
Vizsla Silver Corp. ("Vizsla Silver" or the "Company") is pleased to announce that it has now issued 448,137 common shares (the "Consideration Shares") for the previously announced asset purchase agreement (the "Acquisition Agreement") dated March...

at 18:56
Frontenac Mortgage Investment Corporation Announces Filing of Amended and Restated Quarterly Financial Statements
Frontenac Mortgage Investment Corporation ("FMIC") announces that it has filed amended and restated interim unaudited financial statements and related management's discussion and analysis ("MD&A") for the quarters ended March 31, 2023, June 30, 2023...

at 18:16
CAPITAL COMMUNITY BANK ANNOUNCES THE ACQUISITION OF SECURITY HOME MORTGAGE
Capital Community Bank (CCBank), a leader in Utah community banking, is excited to announce the successful acquisition of Security Home Mortgage (SHM), a well-respected provider of home mortgage solutions since 1999. This landmark deal marks a...

at 18:05
Stellus Capital Investment Corporation Schedules First Quarter 2024 Financial Results Conference Call
Stellus Capital Investment Corporation will release its financial results for the first quarter ended March 31, 2024 on Thursday, May 9, 2024, after the close of the stock market....

at 18:00
BetterLife Announces Intent to Complete Private Placement of Units
BetterLife Pharma Inc. ("BetterLife" or the "Company") , an emerging biotech company focused on the development and commercialization of non-hallucinogenic LSD-based therapeutics for mental disorders, today announced that the Company intends to...

More news about Business...


News published on and distributed by: