Nidec Announces Financial Results for Fiscal Second Quarter and Six Months Ended September 30, 2022
KYOTO, Japan, Oct. 24, 2022 (GLOBE NEWSWIRE) -- Nidec Corporation (TSE: 6594) (OTC US: NJDCY) today announced its consolidated financial results under the International Financial Reporting Standards (“IFRS”) for the period of April 1, 2022 through September 30, 2022.
The highlights are as follows:
・First half net sales stood at a record high of ¥1,130.8 billion, 24.2% higher Y/Y.
・First half operating profit increased 8.1% Y/Y to ¥96.4 billion, marking a record high.
・First half profit before income taxes and profit attributable to owners of the parent increased 35.9 % Y/Y to ¥118.4 billion, 30.1% Y/Y to ¥86.6 billion, respectively. Both stood at record highs.
・Quarterly net sales, operating profit, profit before income taxes and profit attributable to owners of the parent recorded all-time highs.
・EPS: ¥150.31 (basic and diluted)
Selected Consolidated Results of Operations (Unaudited) (IFRS-Based)
| Yen in millions, except for per share amounts and percentages | Six months ended September 30, | Increase (Decrease) % | Three months ended September 30, | Increase (Decrease)% | ||
| 2022 | 2021 | 2022 | 2021 | |||
| Net sales | 1,130,767 | 910,668 | 24.2% | 590,398 | 463,198 | 27.5% |
| Operating profit | 96,368 | 89,144 | 8.1% | 51,708 | 44,589 | 16.0% |
| Ratio of operating profit to net sales | 8.5% | 9.8 % | - | 8.8% | 9.6% | - |
| Profit before income taxes | 118,375 | 87,103 | 35.9% | 61,386 | 43,351 | 41.6% |
| Ratio of profit before income taxes to net sales | 10.5% | 9.6% | - | 10.4% | 9.4% | - |
| Profit attributable to owners of the parent | 86,649 | 66,612 | 30.1% | 45,328 | 33,161 | 36.7% |
| Ratio of profit attributable to owners of the parent to net sales | 7.7% | 7.3 % | - | 7.7 % | 7.2% | - |
| Earnings per share attributable to owners of the parent - basic | 150.31 | 113.79 | - | 78.83 | 56.65 | - |
| Earnings per share attributable to owners of the parent - diluted | 150.31 | 113.79 | - | 78.83 | 56.65 | - |
Full copy of Nidec’s financial statements for the second quarter and six months ended September 30, 2022:
A conference call webcast (audio-only, user-control slides attached) discussing Nidec’s financial results for the second quarter and six months ended September 30, 2022 is scheduled for 09:00 a.m. EDT on Monday, October 24, 2022. To listen to the webcast, please visit Nidec website at:
About Nidec Corporation
Nidec Corporation (TSE: 6594) (OTC US: NJDCY) is a global leader in electric motor drive technology. For the six months ended September 30, 2022, 20.0% of its consolidated sales were represented by small precision motors; 22.5% by automotive products; 40.1% by appliance, commercial and industrial products; 13.6% by machinery; 3.7% 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 Chairman and CEO.
| Contact: | |
| Masahiro Nagayasu | |
| General Manager | |
| Investor Relations | |
