Ad blocking detected

Thank you for visiting CanadianInsider.com. We have detected you cannot see ads being served on our site due to blocking. Unfortunately, due to the high cost of data, we cannot serve the requested page without the accompanied ads.

If you have installed ad-blocking software, please disable it (sometimes a complete uninstall is necessary). Private browsing Firefox users should be able to disable tracking protection while visiting our website. Visit Mozilla support for more information. If you do not believe you have any ad-blocking software on your browser, you may want to try another browser, computer or internet service provider. Alternatively, you may consider the following if you want an ad-free experience.

Canadian Insider Ultra Club
$500/ year*
Daily Morning INK newsletter
+3 months archive
Canadian Market INK weekly newsletter
+3 months archive
30 publication downloads per month from the PDF store
Top 20 Gold, Top 30 Energy, Top 40 Stock downloads from the PDF store
All benefits of basic registration
No 3rd party display ads
JOIN THE CLUB

* Price is subject to applicable taxes.

Paid subscriptions and memberships are auto-renewing unless cancelled (easily done via the Account Settings Membership Status page after logging in). Once cancelled, a subscription or membership will terminate at the end of the current term.

Nidec Announces Financial Results for Fiscal Third Quarter and Nine Months Ended December 31, 2021

KYOTO, Japan, Jan. 26, 2022 (GLOBE NEWSWIRE) -- 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, 2021 through December 31, 2021.

The highlights are as follows:

  • Nine months net sales stood at record high of ¥1,407.2 billion, 18.8% higher Y/Y.
  • Nine months operating profit and profit before income taxes increased 16.6% Y/Y to ¥134.6 billion, 19.4% Y/Y to ¥130.6 billion, respectively. Both stood at record high.
  • Q3 quarterly net sales increased 7.2% Q/Q to ¥496.5 billion, marking a record high for three consecutive quarters.
  • Upward revision to year-end dividend forecast by ¥5 per share, resulting in the projected aggregate annual dividend ¥65 for FY2021.
  • EPS: ¥171.67 (basic and diluted)

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

Yen in millions, except for per share amounts and percentagesNine months ended
December 31,
Increase (Decrease)
%
Three months ended
December 31,
Increase (Decrease)
%
 20212020  20212020  
Net sales1,407,210 1,184,991 18.8%496,542 433,197 14.6%
Operating profit134,631 115,509 16.6%44,308 46,335 (4.4%)
Ratio of operating profit to net sales9.6%9.7%- 8.9%10.7%- 
Profit before income taxes130,554 109,314 19.4%42,272 43,315 (2.4%)
Ratio of profit before income taxes to net sales9.3%9.2%- 8.5%10.0%- 
Profit attributable to owners of the parent100,443 83,615 20.1%32,676 34,837 (6.2%)
Ratio of profit attributable to owners of the parent to net sales7.1%7.1%- 6.6%8.0%- 
Earnings per share attributable to owners of the parent            
- basic171.67 142.75 - 55.90 59.48 - 
Earnings per share attributable to owners of the parent            
- diluted171.67 142.75 - 55.90 59.48 - 
             

Full copy of Nidec’s financial statements for the third quarter and nine months ended December 31, 2021:
https://www.nidec.com/en/ir/news/2022/news0126-02/

A conference call webcast (audio-only, user-control slides attached) discussing Nidec’s financial results for the third quarter and nine months ended December 31, 2021 is scheduled for 09:00 a.m. EST on Wednesday, January 26, 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 nine months ended December 31, 2021, 22.8% of its consolidated sales were represented by small precision motors; 21.4% by automotive products; 40.9% by appliance, commercial and industrial products; 11.0% 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.

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

Comment On!

140
Upload limit is up to 1mb only
To post messages to your Socail Media account, you must first give authorization from the websites. Select the platform you wish to connect your account to CanadianInsider.com (via Easy Blurb).