Nidec announces its financial results for the year ended


KYOTO, Japan, April 21, 2022 (GLOBE NEWSWIRE) — Nidec Corporation (TSE:6594) (OTC US:NJDCY) today announced its consolidated financial results under International Financial Reporting Standards (“IFRS”) for the fiscal year ended March 31, 2022.

The highlights are as follows:

  • Net sales reached a record high of 1,918.2 billion yen, up 18.5% year-on-year.
  • Operating profit and profit before income taxes increased 7.2% year-on-year to 171.5 billion yen, and 11.9% year-on-year to 171.1 billion yen, respectively. Both were at an all-time high.
  • Profit attributable to parent company owners came in at a record high of 136.9 billion yen, up 12.2% year-on-year.
  • EPS: ¥234.30 (basic and diluted)

Selected consolidated operating results (unaudited) (Based on IFRS)

Yen in millions, except per share amounts and percentages Year ended
March, 31st,
Increase
(Decrease)
%
Three months completed
March, 31st,
Increase
(Decrease)
%
2022 2021 2022 2021
Net sales 1,918,174 1,618,064 18.5% 510 964 433,073 18.0%
Operating result 171,487 159,970 7.2% 36,856 44,461 (17.1%)
Ratio between operating profit and 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 taxes to net sales 8.9% 9.5% 7.9% 10.1%
Profit attributable to owners of the parent company 136,870 121,945 12.2% 36,427 38,330 (5.0%)
Ratio of profit attributable to owners of the parent company to net sales 7.1% 7.5% 7.1% 8.9%
Earnings per share attributable to owners of the parent company
-Basic
234.30 208.19 62.67 65.44
Earnings per share attributable to owners of the parent company
-Diluted
234.30 208.19 62.67 65.44

Complete copy of Nidec’s financial statements for the year ended March 31, 2022:
https://www.nidec.com/en/ir/news/2022/news0421-02/

A webcast via conference call (audio only, user review slides attached) discussing Nidec’s financial results for the fiscal year ended March 31, 2022 is scheduled for 9:00 a.m. EDT on Thursday, April 21, 2022. To listen to the webcast, please visit the Nidec website at:
https://www.nidec.com/en/ir/event/conference

About Nidec Corporation
Nidec Corporation (TSE: 6594) (OTC US: NJDCY) is a world 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 household appliances, commercial and industrial products; 11.2% by machines; 3.6% by electronic and optical components and 0.2% by other product lines. Nidec was founded in Kyoto, Japan in 1973 by Shigenobu Nagamori, its current president.

Contact:
Masahiro Nagayasu
General director
Investor Relations
+81-75-935-6140
[email protected]

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