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Nidec Announces Financial Results for Fiscal Second Quarter and Six Months Ended September 30, 2021

Written by Customer Service on . Posted in Public Companies.

KYOTO, Japan, Oct. 26, 2021 (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, 2021 through September 30, 2021.

The highlights are as follows:

  • First half net sales stood at a record high of ¥910.7 billion, 21.1% higher Y/Y. Operating profit increased 30.4% Y/Y to ¥90.2 billion.
  • Quarterly operating profit ratio of Appliance, Commercial and Industrial Products has improved steadily. 1H/FY21 operating profit ratio of the product category reached 10.7%.
  • Profit attributable to owners of the parent increased 38.6% Y/Y to ¥67.6 billion.
  • Upward revision to full-year FY2021 financial forecasts.
  • EPS: ¥115.49 (basic and diluted)

Selected Consolidated Results of Operations (Unaudited) (IFRS-Based)

 Yen in millions, except for per share amounts and percentagesSix months ended
September 30,		Increase
(Decrease)
%		Three months ended
September 30,		Increase
(Decrease)
%
  2021
2020
  2021
2020
  
 Net sales910,668 751,794 21.1% 463,198 414,918 11.6% 
 Operating profit90,196 69,174 30.4% 45,641 41,381 10.3% 
 Ratio of operating profit to net sales9.9% 9.2% – 9.9% 10.0% – 
 Profit before income taxes88,155 65,999 33.6% 44,403 38,589 15.1% 
 Ratio of profit before income taxes to net sales9.7% 8.8% – 9.6% 9.3% – 
 Profit attributable to owners of the parent67,610 48,778 38.6% 34,159 28,720 18.9% 
 Ratio of profit attributable to owners of the parent to net sales7.4% 6.5% – 7.4% 6.9% – 
 Earnings per share attributable to owners of the parent
– basic		115.49 83.28 – 58.36 49.03 – 
 Earnings per share attributable to owners of the parent
– diluted		115.49 83.28 – 58.36 49.03 – 

Full copy of Nidec’s financial statements for the second quarter and six months ended September 30, 2021:
https://www.nidec.com/en/ir/news/2021/news1026-02/

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, 2021 is scheduled for 09:00 a.m. EDT on Tuesday, October 26, 2021. 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 six months ended September 30, 2021, 22.5% of its consolidated sales were represented by small precision motors; 21.7% by automotive products; 41.5% by appliance, commercial and industrial products; 10.5% by machinery; 3.6% 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.

Contact:
 Masahiro Nagayasu
 General Manager
 Investor Relations
 +81-75-935-6140
 ir@nidec.com

 

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