Nidec Corporation Provides Earnings Guidance for the Second Quarter Ending September 30, 2021 and Year Ending March 31, 2022
July 21, 2021 at 12:36 pm EDT
Share
Nidec Corporation provided earnings guidance for the second quarter ending September 30, 2021 and year ending March 31, 2022. For the quarter, the company expects net sales of ¥800,000 million, Operating profit of ¥80,000 million, Profit attributable to owners of the parent of ¥60,000 million or ¥102.44 basic per share.
For the year ending March 31, 2022, the company expects net sales of ¥1,700,000 million, Operating profit of ¥180,000 million, Profit attributable to owners of the parent of ¥140,000 million or ¥239.02 basic per share.
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 
