Sign In  |  Register  |  About Mill Valley  |  Contact Us

Mill Valley, CA
September 01, 2020 1:29pm
7-Day Forecast | Traffic
  • Search Hotels in Mill Valley

  • CHECK-IN:
  • CHECK-OUT:
  • ROOMS:

Nidec Announces Financial Results for Fiscal Year Ended March 31, 2024

Nidec Corporation (TOKYO: 6594) (OTC US: NJDCY) today announced its consolidated financial results under the International Financial Reporting Standards (“IFRS”) for the fiscal year ended March 31, 2024.

The highlights are as follows:

  • FY23 consolidated net sales and profit before income taxes stood at record highs.
  • FY23 operating profit was 163.1 billion yen, as a result of 59.8 billion yen of structural reform expenses recorded due to strategic shift to improve the financial soundness and profitability of the Battery EV related business.
  • We project 40 yen of interim dividend and 80 yen of aggregate annual dividend for the year ending March 31, 2025.
  • EPS: ¥218.22 (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)

%

 

2024

 

2023

   

2024

 

2023

 

Net sales

2,348,202

 

2,242,824

 

4.7%

 

593,514

 

543,077

 

9.3%

Operating profit

163,106

 

100,028

 

63.1%

 

(6,172)

 

(24,376)

 

-

Ratio of operating profit to net sales

6.9%

 

4.5%

 

-

 

(1.0%)

 

(4.5%)

 

-

Profit before income taxes

202,919

 

120,540

 

68.3%

 

9,218

 

(21,404)

 

-

Ratio of profit before income taxes to net sales

8.6%

 

5.4%

 

-

 

1.6%

 

(3.9%)

 

-

Profit attributable to owners of the parent

125,387

 

44,964

 

178.9%

 

(20,492)

 

(59,113)

 

-

Ratio of profit attributable to owners of the parent to net sales

5.3%

 

2.0%

 

-

 

(3.5%)

 

(10.9%)

 

-

Earnings per share attributable to owners of the parent

- basic (Yen)

218.22

 

78.12

 

-

 

(35.66)

 

(102.89)

 

-

Earnings per share attributable to owners of the parent

- diluted (Yen)

-

 

-

 

-

 

-

 

-

 

-

Full copy of Nidec’s financial statements for the year ended March 31, 2024:

https://www.nidec.com/en/ir/news/2024/news0423-02/

A webcast (audio-only) discussing Nidec’s financial results for the year ended March 31, 2024 is scheduled for 10:00 a.m. JST on Wednesday, April 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 year ended March 31, 2024, 17.7% of its consolidated sales were represented by small precision motors; 24.7% by automotive products; 41.1% by appliance, commercial and industrial products; 12.8% by machinery; 3.5% 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 Founder and Executive Chairman.

Contacts

Teruaki Urago

General Manager

Investor Relations

+81-75-935-6140

ir@nidec.com

Data & News supplied by www.cloudquote.io
Stock quotes supplied by Barchart
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.
 
 
Copyright © 2010-2020 MillValley.com & California Media Partners, LLC. All rights reserved.