-

Nidec Announces Financial Results for Fiscal Third Quarter and Nine Months Ended December 31, 2024

KYOTO, Japan--(BUSINESS WIRE)--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.

Contacts

Teruaki Urago
General Manager
Investor Relations
+81-75-935-6140
ir@nidec.com

Industry:

Nidec Corporation

TOKYO:6594
Release Versions
English

Contacts

Teruaki Urago
General Manager
Investor Relations
+81-75-935-6140
ir@nidec.com

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