Nidec Announces Financial Results for Fiscal Year Ended March 31, 2022
April 21, 2022 at 02:15 am EDT
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KYOTO, Japan, April 21, 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 fiscal year ended March 31, 2022.
The highlights are as follows:
Net sales stood at a record high of ¥1,918.2 billion, 18.5% higher Y/Y.
Operating profit and profit before income taxes increased 7.2% Y/Y to ¥171.5 billion, 11.9% Y/Y to ¥171.1 billion, respectively. Both stood at record high.
Profit attributable to owners of the parent stood at a record high of ¥136.9 billion, 12.2% higher Y/Y.
EPS: ￥234.30 (basic and diluted)
Selected Consolidated Results of Operations (Unaudited) (IFRS-Based)
Yen in millions, except for per share amounts and percentages
Year ended March 31,
Increase (Decrease) %
Three months ended March 31,
Increase (Decrease) %
2022
2021
2022
2021
Net sales
1,918,174
1,618,064
18.5%
510,964
433,073
18.0 %
Operating profit
171,487
159,970
7.2%
36,856
44,461
(17.1 %)
Ratio of operating profit to net sales
8.9%
9.9%
-
7.2%
10.3%
-
Profit before income taxes
171,145
152,937
11.9%
40,591
43,623
(7.0 %)
Ratio of profit before income taxes to net sales
8.9%
9.5%
-
7.9 %
10.1 %
-
Profit attributable to owners of the parent
136,870
121,945
12.2%
36,427
38,330
(5.0%)
Ratio of profit attributable to owners of the parent to net sales
7.1%
7.5%
-
7.1 %
8.9 %
-
Earnings per share attributable to owners of the parent -Basic
234.30
208.19
-
62.67
65.44
-
Earnings per share attributable to owners of the parent -Diluted
234.30
208.19
-
62.67
65.44
-
Full copy of Nidec’s financial statements for the year ended March 31, 2022: https://www.nidec.com/en/ir/news/2022/news0421-02/
A conference call webcast (audio-only, user-control slides attached) discussing Nidec’s financial results for the fiscal year ended March 31, 2022 is scheduled for 09:00 a.m. EDT on Thursday, April 21, 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 year ended March 31, 2022, 22.2% of its consolidated sales were represented by small precision motors; 21.8% by automotive products; 41.0% by appliance, commercial and industrial products; 11.2% by machinery; 3.6% 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.
Nidec Corporation specializes in the development, manufacturing and marketing of small precision motors and automotive and appliance components. Net sales break down by family of products as follows:
- appliances, air-conditioning and industrial equipment motors (40.5%);
- small precision motors (21.9%): pin motors for hard drives, fan motors, vibrating motors, brush motors and motor applications, etc. ;
- automotive components (21.3%);
- machines (12.1%): industrial robots, card readers, test systems, presses and power transmission drives, etc. ;
- electronic and optical components (3.9%): switches, trimmer potentiometers, lens units and camera shutters, etc. ;
- other (0.3%).
The net sales are distributed geographically as follows: Japan (17.8%), China (26.7%), the United States (21.6%), Germany (6.1%), Italy (5.5%), Thailand (5.2%) and other (17.1%).
NIDEC CORPORATION 
