Nidec Announces Financial Results for Fiscal Year Ended March 31, 2023
KYOTO, Japan--Nidec Corporation (TOKYO: 6594) (OTC US: NJDCY) today announced its consolidated financial results under the International Financial Reporting Standards (“IFRS”) for the fiscal year ended March 31, 2023.
The highlights are as follows:
Net sales stood at a record high of ¥2,242.8 billion, 16.9% higher Y/Y.
Operating profit decreased 41.3% Y/Y to ¥100.1 billion due to structural