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

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