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

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01/23/2025 - 02:30 AM

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	Increase (Decrease) %	2024	2023	Increase (Decrease) %
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.