Nidec Announces Financial Results for Fiscal Third Quarter and Nine Months Ended December 31, 2024
Teruaki Urago
General Manager
Investor Relations
+81-75-935-6140
ir@nidec.com
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.
- Rec ord-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
|
Three months ended December 31, |
Increase
|
|||||||
? |
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
|
117.14 |
125.51 |
- |
51.38 |
33.52 |
- |
|||||
Earnings per share attributable to owners of the parent
|
- |
- |
- |
- |
- |
- |
|||||
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.
View source version on businesswire.com: https://www.businesswire.com/news/home/20250122962167/en/
