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KYOTO, Japan, January 23, 2025--(BUSINESS WIRE)--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.
-
Record-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.