Le Lézard
Classified in: Business
Subjects: EARNINGS, Webcast

Nidec Announces Financial Results for Fiscal Third Quarter and Nine Months Ended December 31, 2023


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, 2023 through December 31, 2023.

The highlights are as follows:

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)
%

?

 

2023

 

2022

   

2023

 

2022

 

Net sales

 

1,754,688

 

1,699,747

 

3.2%

 

594,026

 

568,980

 

4.4%

Operating profit

 

169,321

 

124,404

 

36.1%

 

53,562

 

28,036

 

91.0%

Ratio of operating profit to net sales

 

9.6%

 

7.3%

 

?-

 

9.0%

 

4.9%

 

?-

Profit before income taxes

 

193,744

 

141,944

 

36.5%

 

48,408

 

23,569

 

105.4%

Ratio of profit before income taxes to net sales

 

11.0%

 

8.4%

 

-

 

8.1%

 

4.1%

 

?-

Profit attributable to owners of the parent

 

145,908

 

104,077

 

40.2%

 

39,844

 

17,428

 

128.6%

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

 

8.3%

 

6.1%

 

-

 

6.7%

 

3.1%

 

?-

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

 

253.93

 

180.72

 

-

 

69.34

 

30.32

 

-

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, 2023:
https://www.nidec.com/en/ir/news/2024/news0124-03/

A webcast (audio-only) discussing Nidec's financial results for the third quarter and nine months ended December 31, 2023 is scheduled for 5:00 p.m. JST on Wednesday, January 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 nine months ended December 31, 2023, 18.2% of its consolidated sales were represented by small precision motors; 24.7% by automotive products; 40.9% by appliance, commercial and industrial products; 12.4% by machinery; 3.6% 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 Chairman and CEO.


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