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 December 31, 2023.
The highlights are as follows:
-
We achieved record-high nine months consolidated net sales, operating profit, profit before income taxes and profit attributable to owners of the parent.
-
For the Battery EV related business, we implement a strategic shift to improve the financial soundness and profitability. Assuming that structural reform expenses will occur, we revised our fiscal 2023 earnings forecasts.
-
We revised upward year-end dividend forecast for the year ending March 31, 2024 to 40 yen (increased by 5 yen) making the projected aggregate annual dividend 75 yen per share.
-
EPS: ¥253.93 (basic and diluted)
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.
View source version on businesswire.com: https://www.businesswire.com/news/home/20240123455600/en/
Contacts:
Teruaki Urago
General Manager
Investor Relations
+81-75-935-6140
ir@nidec.com
Source: Nidec Corporation
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