NJDCY - Nidec Announces Financial Results for Fiscal Year Ended March 31 2022
KYOTO, Japan, April 21, 2022 (GLOBE NEWSWIRE) -- Nidec Corporation (TSE: 6594) (OTC US: NJDCY) today announced its consolidated financial results under the International Financial Reporting Standards (“IFRS”) for the fiscal year ended March 31, 2022.
The highlights are as follows:
- Net sales stood at a record high of ¥1,918.2 billion, 18.5% higher Y/Y.
- Operating profit and profit before income taxes increased 7.2% Y/Y to ¥171.5 billion, 11.9% Y/Y to ¥171.1 billion, respectively. Both stood at record high.
- Profit attributable to owners of the parent stood at a record high of ¥136.9 billion, 12.2% higher Y/Y.
- EPS: ?234.30 (basic and diluted)
Selected Consolidated Results of Operations (Unaudited) (IFRS-Based)
| Yen in millions, except for per share amounts and percentages |
| Year ended March 31, |
| Increase (Decrease) % |
| Three months ended March 31, |
| Increase (Decrease) % |
| 2022 |
| 2021 |
| 2022 |
| 2021 |
| Net sales |
| 1,918,174 |
| 1,618,064 |
| 18.5% |
| 510,964 |
| 433,073 |
| 18.0 % |
| Operating profit |
| 171,487 |
| 159,970 |
| 7.2% |
| 36,856 |
| 44,461 |
| (17.1 %) |
| Ratio of operating profit to net sales |
| 8.9% |
| 9.9% |
| - |
| 7.2% |
| 10.3% |
| - |
| Profit before income taxes |
| 171,145 |
| 152,937 |
| 11.9% |
| 40,591 |
| 43,623 |
| (7.0 %) |
| Ratio of profit before income taxes to net sales |
| 8.9% |
| 9.5% |
| - |
| 7.9 % |
| 10.1 % |
| - |
| Profit attributable to owners of the parent |
| 136,870 |
| 121,945 |
| 12.2% |
| 36,427 |
| 38,330 |
| (5.0%) |
| Ratio of profit attributable to owners of the parent to net sales |
| 7.1% |
| 7.5% |
| - |
| 7.1 % |
| 8.9 % |
| - |
| Earnings per share attributable to owners of the parent -Basic |
| 234.30 |
| 208.19 |
| - |
| 62.67 |
| 65.44 |
| - |
| Earnings per share attributable to owners of the parent -Diluted |
| 234.30 |
| 208.19 |
| - |
| 62.67 |
| 65.44 |
| - |
Full copy of Nidec’s financial statements for the year ended March 31, 2022:
https://www.nidec.com/en/ir/news/2022/news0421-02/
A conference call webcast (audio-only, user-control slides attached) discussing Nidec’s financial results for the fiscal year ended March 31, 2022 is scheduled for 09:00 a.m. EDT on Thursday, April 21, 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 year ended March 31, 2022, 22.2% of its consolidated sales were represented by small precision motors; 21.8% by automotive products; 41.0% by appliance, commercial and industrial products; 11.2% 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 |