NJDCY - Nidec Announces Financial Results for Fiscal First Quarter Ended June 30 2022
KYOTO, Japan, July 20, 2022 (GLOBE NEWSWIRE) -- Nidec Corporation (TSE: 6594) (OTC US: NJDCY) today announced its consolidated results under the International Financial Reporting Standards (“IFRS”) for the three-month period ended June 30, 2022.
The highlights are as follows:
- Net sales increased 20.8% Y/Y to ¥540.4 billion, marking a record high on a quarterly basis.
- Operating profit increased 0.2% Y/Y to ¥44.7 billion.
- Profit before income taxes and profit attributable to owners of the parent increased 30.3% Y/Y to ¥57.0 billion, 23.5% Y/Y to ¥41.3 billion, respectively. Both stood at record highs on a quarterly basis.
- EPS: ¥71.50 (basic and diluted)
Selected Consolidated Results of Operations (Unaudited) (IFRS-Based)
| Yen in millions except for per share amounts and percentages |
| Three months ended June 30 |
| Change % |
| 2022 |
| 2021 |
| Net sales |
| 540,369 |
| 447,470 |
| 20.8% |
| Operating profit |
| 44,660 |
| 44,555 |
| 0.2% |
| Ratio of operating profit to net sales |
| 8.3% |
| 10.0% |
| - |
| Profit before income taxes |
| 56,989 |
| 43,752 |
| 30.3% |
| Ratio of profit before income taxes to net sales |
| 10.5% |
| 9.8% |
| - |
| Profit attributable to owners of the parent |
| 41,321 |
| 33,451 |
| 23.5% |
| Ratio of profit attributable to owners of the parent to net sales |
| 7.6% |
| 7.5% |
| - |
| Earnings per share attributable to owners of the parent -Basic |
| 71.50 |
| 57.14 |
| - |
| Earnings per share attributable to owners of the parent -Diluted |
| 71.50 |
| 57.14 |
| - |
Full copy of Nidec’s financial statements for the three-month period ended June 30, 2022:
https://www.nidec.com/en/ir/news/2022/news0720-02/
A conference call webcast (audio-only, user-control slides attached) discussing Nidec’s financial results for the fiscal first quarter ended June 30, 2022 is scheduled for 09:00 a.m. EDT on Wednesday, July 20, 2022. To listen to the webcast, please visit Nidec website at:
https://www.nidec.com/en/ir/event/conference
About Nidec Corporation
Nidec Corporation (TSE: 6594) (OTC US: NJDCY) is a global leader in electric motor drive technology. For the first quarter ended June 30, 2022, 20.6% of its consolidated sales were represented by small precision motors; 21.0% by automotive products; 41.2% by appliance, commercial and industrial products; 13.5% 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.
Contact:
Masahiro Nagayasu
General Manager
Investor Relations
+81-75-935-6140
ir@nidec.com