Nidec Announces Financial Results for Fiscal Year Ended March 31, 2022

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)

Full copy of Nidec’s financial statements for the year ended March 31, 2022:
https://www.nidec.com/-/media/...

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