NJDCY - Nidec Announces Financial Results for Fiscal Second Quarter and Six Months Ended September 30 2021
KYOTO, Japan, Oct. 26, 2021 (GLOBE NEWSWIRE) -- Nidec Corporation (TSE: 6594) (OTC US: NJDCY) today announced its consolidated financial results under the International Financial Reporting Standards (“IFRS”) for the period of April 1, 2021 through September 30, 2021.
The highlights are as follows:
- First half net sales stood at a record high of ¥910.7 billion, 21.1% higher Y/Y. Operating profit increased 30.4% Y/Y to ¥90.2 billion.
- Quarterly operating profit ratio of Appliance, Commercial and Industrial Products has improved steadily. 1H/FY21 operating profit ratio of the product category reached 10.7%.
- Profit attributable to owners of the parent increased 38.6% Y/Y to ¥67.6 billion.
- Upward revision to full-year FY2021 financial forecasts.
- EPS: ¥115.49 (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) % |
| 2021 |
| 2020 |
| 2021 |
| 2020 |
| Net sales |
| 910,668 |
| 751,794 |
| 21.1% |
| 463,198 |
| 414,918 |
| 11.6% |
| Operating profit |
| 90,196 |
| 69,174 |
| 30.4% |
| 45,641 |
| 41,381 |
| 10.3% |
| Ratio of operating profit to net sales |
| 9.9% |
| 9.2% |
| - |
| 9.9% |
| 10.0% |
| - |
| Profit before income taxes |
| 88,155 |
| 65,999 |
| 33.6% |
| 44,403 |
| 38,589 |
| 15.1% |
| Ratio of profit before income taxes to net sales |
| 9.7% |
| 8.8% |
| - |
| 9.6% |
| 9.3% |
| - |
| Profit attributable to owners of the parent |
| 67,610 |
| 48,778 |
| 38.6% |
| 34,159 |
| 28,720 |
| 18.9% |
| Ratio of profit attributable to owners of the parent to net sales |
| 7.4% |
| 6.5% |
| - |
| 7.4% |
| 6.9% |
| - |
| Earnings per share attributable to owners of the parent - basic |
| 115.49 |
| 83.28 |
| - |
| 58.36 |
| 49.03 |
| - |
| Earnings per share attributable to owners of the parent - diluted |
| 115.49 |
| 83.28 |
| - |
| 58.36 |
| 49.03 |
| - |
Full copy of Nidec’s financial statements for the second quarter and six months ended September 30, 2021:
https://www.nidec.com/en/ir/news/2021/news1026-02/
A conference call webcast (audio-only, user-control slides attached) discussing Nidec’s financial results for the second quarter and six months ended September 30, 2021 is scheduled for 09:00 a.m. EDT on Tuesday, October 26, 2021. 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 six months ended September 30, 2021, 22.5% of its consolidated sales were represented by small precision motors; 21.7% by automotive products; 41.5% by appliance, commercial and industrial products; 10.5% 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.
| Contact: |
| Masahiro Nagayasu |
| General Manager |
| Investor Relations |
| +81-75-935-6140 |
| ir@nidec.com |