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 | |
Operating profit | 44,660 | 44,555 | |
Ratio of operating profit to net sales | - | ||
Profit before income taxes | 56,989 | 43,752 | |
Ratio of profit before income taxes to net sales | - | ||
Profit attributable to owners of the parent | 41,321 | 33,451 | |
Ratio of profit attributable to owners of the parent to net sales | - | ||
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,
Contact:
Masahiro Nagayasu
General Manager
Investor Relations
+81-75-935-6140
ir@nidec.com