Nidec Announces Financial Results for Fiscal Third Quarter and Nine Months Ended December 31, 2024

Nidec (NJDCY) reported strong financial results for the nine months ended December 31, 2024.

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

KYOTO, Japan--(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 (Decrease) %		Three months ended December 31,				Increase (Decrease) %
	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 - basic (Yen)	117.14		125.51		-		51.38		33.52		-
Earnings per share attributable to owners of the parent - diluted (Yen)	-		-		-		-		-		-

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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20250122962167/en/

Teruaki Urago
General Manager
Investor Relations
+81-75-935-6140
ir@nidec.com

Source: Nidec Corporation