Company Website:
https://www.nidec.com/en/
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, 2023 through September 30, 2023.
The highlights are as follows:
-
First half net sales stood at a record high of ¥1,160.7 billion, 2.6% higher Y/Y.
-
First half operating profit increased 20.1% Y/Y to ¥115.8 billion, marking a record high.
-
First half profit before income taxes increased 22.8 % Y/Y to ¥145.4 billion. Profit attributable to owners of the parent increased 22.4% Y/Y to ¥106.1 billion. Both stood at record highs.
-
EPS: ¥184.62 (basic and diluted)
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)%
|
| 2023 | 2022 | 2023 | 2022 |
Net sales-------------------------------------------------------------------------- |
1,160,662
|
1,130,767
|
2.6%
|
594,607
|
590,398
|
0.7%
|
Operating profit------------------------------------------------------------------ |
115,782
|
96,368
|
20.1%
|
55,630
|
51,708
|
7.6%
|
Ratio of operating profit to net sales--------------------------------------- |
10.0%
|
8.5%
|
-
|
9.4%
|
8.8%
|
-
|
Profit before income taxes----------------------------------------------------- |
145,359
|
118,375
|
22.8%
|
59,278
|
61,386
|
(3.4)%
|
Ratio of profit before income taxes to net sales------------------------- |
12.5%
|
10.5%
|
-
|
10.0%
|
10.4%
|
-
|
Profit attributable to owners of the parent---------------------------------- |
106,081
|
86,649
|
22.4%
|
42,040
|
45,328
|
(7.3)%
|
Ratio of profit attributable to owners of the parent to net sales------------------------------------------------------------ |
9.1%
|
7.7%
|
-
|
7.1 %
|
7.7 %
|
-
|
Earnings per share attributable to owners of the parent
- basic (Yen)--------------------------------------------------------------------- |
184.62
|
150.31
|
-
|
73.16
|
78.83
|
-
|
Earnings per share attributable to owners of the parent
- diluted (Yen)------------------------------------------------------------------- |
184.62
|
150.31
|
-
|
73.16
|
78.83
|
-
|
Full copy of Nidec’s financial statements for the second quarter and six months ended September 30, 2023:
https://www.nidec.com/en/ir/news/2023/news1023-02/
A webcast (audio-only) discussing Nidec’s financial results for the second quarter and six months ended September 30, 2023 is scheduled for 10:00 a.m. JST on Tuesday, October 24, 2023. 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 six months ended September 30, 2023, 17.8% of its consolidated sales were represented by small precision motors; 24.3% by automotive products; 41.3% by appliance, commercial and industrial products; 12.6% by machinery; 3.7% 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.
View source version on businesswire.com: https://www.businesswire.com/news/home/20231022051168/en/
Contacts:
Masahiro Nagayasu
General Manager
Investor Relations
+81-75-935-6140
ir@nidec.com
Source: Nidec Corporation
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