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
|
Three months ended December 31, | Increase
| |||||||
2024 | 2023 | 2024 | 2023 | ||||||||
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
| 117.14 | 125.51 | - | 51.38 | 33.52 | - | |||||
Earnings per share attributable to owners of the parent
| - | - | - | - | - | - | |||||
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.
Contacts
Teruaki Urago
General Manager
Investor Relations
+81-75-935-6140
ir@nidec.com
