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

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 percentages Six months ended
September 30,		 Increase
(Decrease)
%		 Three months ended
September 30,		 Increase
(Decrease)
%
    2021
 2020
     2021
 2020
    
  Net sales 910,668   751,794   21.1%   463,198   414,918   11.6%  
  Operating profit 90,196   69,174   30.4%   45,641   41,381   10.3%  
  Ratio of operating profit to net sales 9.9%   9.2%   –   9.9%   10.0%   –  
  Profit before income taxes 88,155   65,999   33.6%   44,403   38,589   15.1%  
  Ratio of profit before income taxes to net sales 9.7%   8.8%   –   9.6%   9.3%   –  
  Profit attributable to owners of the parent 67,610   48,778   38.6%   34,159   28,720   18.9%  
  Ratio of profit attributable to owners of the parent to net sales 7.4%   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

 

Disclaimer & Cookie Notice

Welcome to GOLDEA services for Professionals

Before you continue, please confirm the following:

Professional advisers only

I am a professional adviser and would like to visit the GOLDEA CAPITAL for Professionals website.

Cookie Notice

We use cookies to improve your experience on our website

Information we collect about your use of Goldea Capital website

Goldea Capital website collects personal data about visitors to its website.

When someone visits our websites, we use a third party service, Google Analytics, to collect standard internet log information (such as IP address and type of browser they’re using) and details of visitor behavior patterns. We do this to allow us to keep track of the number of visitors to the various parts of the sites and understand how our website is used. We do not make any attempt to find out the identities or nature of those visiting our websites. We won’t share your information with any other organizations for marketing, market research or commercial purposes and we don’t pass on your details to other websites.

Use of cookies
Cookies are small text files that are placed on your computer or other device by websites that you visit. They are widely used to make websites work, or work more efficiently, as well as to provide information to the owners of the site.