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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:

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:

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.

Masahiro Nagayasu
General Manager
Investor Relations
[email protected]

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