Nidec Corporation Announces Consolidated Earnings Results for the Fourth Quarter and Full Year Ended March 31, 2021
April 22, 2021 at 02:15 am EDT
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Nidec Corporation announced consolidated earnings results for the fourth quarter and full year ended March 31, 2021. For the quarter, the company reported net sales of JPY 433,073 million against JPY 375,192 million a year ago. Operating profit was JPY 44,476 million against JPY 15,354 million a year ago. Profit attributable to owners of the parent was JPY 38,341 million against JPY 9,133 million a year ago. Basic and diluted EPS attributable to owners of the parent was JPY 65.46 against JPY 15.55 a year ago.
For the year, the company reported net sales of JPY 1,618,064 million against JPY 1,534,800 million a year ago. Operating profit was JPY 160,011 million against JPY 108,558 million a year ago. Profit attributable to owners of the parent was JPY 121,977 million against JPY 58,459 million a year ago. Basic and diluted EPS attributable to owners of the parent was JPY 208.25 against JPY 99.37 a year ago.
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 
