Nidec Announces Financial Results for Fiscal Second Quarter and Six Months Ended September 30, 2022

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Nidec Announces Financial Results for Fiscal Second Quarter and Six Months Ended September 30, 2022

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, 2022 through September 30, 2022.

The highlights are as follows:
・First half net sales stood at a record high of ¥1,130.8 billion, 24.2% higher Y/Y.
・First half operating profit increased 8.1% Y/Y to ¥96.4 billion, marking a record high.
・First half profit before income taxes and profit attributable to owners of the parent increased 35.9 % Y/Y to ¥118.4 billion, 30.1% Y/Y to ¥86.6 billion, respectively. Both stood at record highs.
・Quarterly net sales, operating profit, profit before income taxes and profit attributable to owners of the parent recorded all-time highs.
・EPS: \150.31 (basic and diluted)

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


Full copy of Nidec’s financial statements for the second quarter and six months ended September 30, 2022:
https://www.nidec.com/en/ir/news/2022/news1024-02/

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, 2022 is scheduled for 09:00 a.m. EDT on Monday, October 24, 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 six months ended September 30, 2022, 20.0% of its consolidated sales were represented by small precision motors; 22.5% by automotive products; 40.1% by appliance, commercial and industrial products; 13.6% by machinery; 3.7% 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 and CEO.

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

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Contacts

Izumi Nagata

Press contact PR Department +81 80-9674-9227

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For Everything That Spins and Moves

​Nidec was established in Kyoto, Japan in 1973 by its Chairman Shigenobu Nagamori. In 1979, Nidec became the first company in the world to successfully commercialize a direct drive spindle motor for HDDs based on a brushless DC motor. Since then, the company has grown into a world-leading comprehensive motor manufacturer encompassing approximately 300 subsidiaries employing over 100,000 people throughout the world and with annual sales exceeding $10B. Nidec's motors, drives, generators and related products are found in a diverse range of applications including computers, smartphones, home appliances, automobiles, manufacturing plants, robots and more.

Nidec
Nidec head office (Kyoto, Japan)
338 Kuzetonoshiro-cho, Minami-ku 601-8205 Kyoto
Japan
Corporate Website