Kyoto, Japan, April 23, 2024–(BUSINESS WIRE)–Nidec Corporation (Tokyo: 6594) (OTC U.S.: NJDCY) today announced its consolidated financial results for the fiscal year ended March 31, 2024 under International Financial Reporting Standards (“IFRS”). announced.
The main points are:
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Consolidated sales and pre-tax profit for FY2013 reached record highs.
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Operating income for FY2013 was 163.1 billion yen, as a result of recording structural reform costs of 59.8 billion yen due to a strategic shift aimed at improving the financial soundness and profitability of the battery EV-related business.
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Regarding dividends for the fiscal year ending March 2025, we plan to pay an interim dividend of 40 yen and an annual dividend of 80 yen.
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EPS: 218.22 yen (basic/after dilution)
Main consolidated operating results (unaudited) (IFRS basis)
|
Unit is million yen (excluding amount and percentage per share) |
year ended |
increase |
3 months are over |
increase |
|||||||
|
2024 |
2023 |
2024 |
2023 |
||||||||
|
net sales |
2,348,202 |
2,242,824 |
4.7% |
593,514 |
543,077 |
9.3% |
|||||
|
Operating income |
163,106 |
100,028 |
63.1% |
(6,172) |
(24,376) |
– |
|||||
|
Operating profit margin |
6.9% |
4.5% |
– |
(1.0%) |
(4.5%) |
– |
|||||
|
Pre-tax profit |
202,919 |
120,540 |
68.3% |
9,218 |
(21,404) |
– |
|||||
|
Pre-tax profit margin on sales |
8.6% |
5.4% |
– |
1.6% |
(3.9%) |
– |
|||||
|
Net income attributable to owners of parent company |
125,387 |
44,964 |
178.9% |
(20,492) |
(59,113) |
– |
|||||
|
Net profit margin attributable to parent company shareholders (sales) |
5.3% |
2.0% |
– |
(3.5%) |
(10.9%) |
– |
|||||
|
Net income per share attributable to owners of the parent company |
218.22 |
78.12 |
– |
(35.66) |
(102.89) |
– |
|||||
|
Net income per share attributable to owners of the parent company |
– |
– |
– |
– |
– |
– |
|||||
A complete copy of Nidec's financial statements for the year ended March 31, 2024:
https://www.nidec.com/ja/ir/news/2024/news0423-02/
A webcast (audio only) discussing Nidec's financial results for the year ended March 31, 2024 is scheduled for Wednesday, April 24, 2024 at 10:00 a.m. Japan time. To listen to the webcast, please visit Nidec's website.
https://www.nidec.com/ja/ir/event/conference
About Nidec Corporation
Nidec Corporation (Tokyo: 6594) (OTC US: NJDCY) is a global leader in electric motor drive technology. For the year ended March 31, 2024, small precision motors accounted for 17.7% of our consolidated sales. Automotive products accounted for 24.7%. 41.1% for home appliances and commercial/industrial products. 12.8% comes from machines. Electronic and optical components 3.5%, remaining product lines 0.2%. Nidec was founded in Kyoto in 1973 by founder and chairman Shigenobu Nagamori.
View source version on businesswire.com. https://www.businesswire.com/news/home/20240422741531/ja/
contact address
Teruaki Urago
general manager
PR for investors
+81-75-935-6140
ir@nidec.com
