Nidec Announces Financial Results for Fiscal First Quarter Ended June 30, 2024
The highlights are as follows:
- Consolidated net sales and operating profit stood at record highs under the new management.
-
Operating profit increased due to a shift to a highly profitable business portfolio in the
Small Precision Motors , and the recording of gains on revaluation of shares following the consolidation of Nidec PSA eMotors SAS, a joint venture with Stellantis. - Upward revision to FY24 Full-year and the 1H forecast.
Selected Consolidated Results of Operations (Unaudited) (IFRS-Based)
Yen in millions except for per share amounts and percentages |
Three months ended
|
Change % |
|
|
2024 |
2023 |
|
Net sales |
648,166 |
564,362 |
14.8% |
Operating profit |
60,259 |
60,176 |
0.1% |
Ratio of operating profit to net sales |
9.3% |
10.7% |
- |
Profit before income taxes |
78,603 |
86,105 |
(8.7)% |
Ratio of profit before income taxes to net sales |
12.1% |
15.3% |
- |
Profit attributable to owners of the parent |
56,044 |
64,066 |
(12.5)% |
Ratio of profit attributable to owners of the parent to net sales |
8.6% |
11.4% |
- |
Earnings per share attributable to owners of the parent -Basic |
97.5 |
111.5 |
- |
Earnings per share attributable to owners of the parent -Diluted |
97.5 |
111.5 |
- |
* |
Each of the shares of the Company’s common stock held by shareholders included or recorded in the final register of shareholders as of the record date of |
Full copy of Nidec’s financial statements for the three-month period ended
https://www.nidec.com/en/ir/news/2024/news0723-02/
A conference call webcast (audio-only, user-control slides attached) discussing Nidec’s financial results for the fiscal first quarter ended
https://www.nidec.com/en/ir/event/conference
About
View source version on businesswire.com: https://www.businesswire.com/news/home/20240723048728/en/
General Manager
Investor Relations
+81-75-935-6140
ir@nidec.com
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