Nidec Announces Financial Results for Fiscal Year Ended March 31, 2022
KYOTO, Japan, April 21, 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 fiscal year ended March 31, 2022.
The highlights are as follows:
- Net sales stood at a record high of ¥1,918.2 billion, 18.5% higher Y/Y.
- Operating profit and profit before income taxes increased 7.2% Y/Y to ¥171.5 billion, 11.9% Y/Y to ¥171.1 billion, respectively. Both stood at record high.
- Profit attributable to owners of the parent stood at a record high of ¥136.9 billion, 12.2% higher Y/Y.
- EPS: ￥234.30 (basic and diluted)
Selected Consolidated Results of Operations (Unaudited) (IFRS-Based)
| Yen in millions, except for per share amounts and percentages | Year ended March 31, | Increase (Decrease) % | Three months ended March 31, | Increase (Decrease) % | ||
| 2022 | 2021 | 2022 | 2021 | |||
| Net sales | 1,918,174 | 1,618,064 | 18.5% | 510,964 | 433,073 | 18.0 % |
| Operating profit | 171,487 | 159,970 | 7.2% | 36,856 | 44,461 | (17.1 %) |
| Ratio of operating profit to net sales | 8.9% | 9.9% | – | 7.2% | 10.3% | – |
| Profit before income taxes | 171,145 | 152,937 | 11.9% | 40,591 | 43,623 | (7.0 %) |
| Ratio of profit before income taxes to net sales | 8.9% | 9.5% | – | 7.9 % | 10.1 % | – |
| Profit attributable to owners of the parent | 136,870 | 121,945 | 12.2% | 36,427 | 38,330 | (5.0%) |
| Ratio of profit attributable to owners of the parent to net sales | 7.1% | 7.5% | – | 7.1 % | 8.9 % | – |
| Earnings per share attributable to owners of the parent -Basic | 234.30 | 208.19 | – | 62.67 | 65.44 | – |
| Earnings per share attributable to owners of the parent -Diluted | 234.30 | 208.19 | – | 62.67 | 65.44 | – |
Full copy of Nidec’s financial statements for the year ended March 31, 2022:
https://www.nidec.com/en/ir/news/2022/news0421-02/
A conference call webcast (audio-only, user-control slides attached) discussing Nidec’s financial results for the fiscal year ended March 31, 2022 is scheduled for 09:00 a.m. EDT on Thursday, April 21, 2022. 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 year ended March 31, 2022, 22.2% of its consolidated sales were represented by small precision motors; 21.8% by automotive products; 41.0% by appliance, commercial and industrial products; 11.2% 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 | |
