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Nidec Announces Financial Results for Fiscal Third Quarter and Nine Months Ended December 31, 2020

Nachrichtenquelle: globenewswire
25.01.2021, 07:15  |  135   |   |   

KYOTO, Japan, Jan. 25, 2021 (GLOBE NEWSWIRE) -- Nidec Corporation (TSE: 6594) (OTC US: NJDCY) today announced its consolidated financial results under the International Financial Reporting Standards (“IFRS”) for the period of April 1, 2020 through December 31, 2020.

The highlights are as follows:

  • Nine months net sales stood at record high ¥1,185.0 billion, 2.2% higher Y/Y. Nine months operating profit increased 24.0% Y/Y to ¥115.5 billion.
  • Q3 quarterly net sales increased 4.4% Q/Q to ¥433.2 billion, marking a record high for two consecutive quarters. Operating profit increased 12.0% Q/Q to ¥46.4 billion due to increased sales and contributions from comprehensive improvements on cost structure and optimization of fixed cost through WPR4 program.
  • EPS: ¥142.79 (basic and diluted)
  • Upward revision to full-year FY2020 financial forecasts.

Selected Consolidated Results of Operations (Unaudited) (IFRS-Based)

Yen in millions, except for per share amounts and percentages Nine months ended Increase
(Decrease)
Three months ended Increase
(Decrease)
%
December 31, % December 31,
  2020   2019     2020   2019  
Net sales 1,184,991   1,159,608   2.2 % 433,197   408,331   6.1 %
Operating profit 115,535   93,204   24.0 % 46,355   31,417   47.5 %
  Ratio of operating profit to net sales 9.7 % 8.0 %                              -  10.7 % 7.7 %  -
Profit before income taxes 109,340   93,050   17.5 % 43,335   29,720   45.8 %
  Ratio of profit before income taxes to net sales 9.2 % 8.0 % 10.0 % 7.3 %  -
Profit attributable to owners of the parent 83,636   49,326   69.6 % 34,853   22,099   57.7 %
  Ratio of profit attributable to owners of the parent to net sales 7.1 % 4.3 % 8.0 % 5.4 %  -
Earnings per share attributable to owners of the parent 142.79   83.80   59.50   37.55   -
-Basic
Earnings per share attributable to owners of the parent 142.79   83.80   59.50   37.55    -
-Diluted

Full copy of Nidec’s financial statements for the third quarter and nine months ended December 31, 2020:
https://www.nidec.com/en/ir/news/2021/news0125-02/

A conference call webcast (audio-only, user-control slides attached) discussing Nidec’s financial results for the third quarter and nine months ended December 31, 2020 is scheduled for 09:00 a.m. EST on Monday, January 25, 2021. 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 nine months ended December 31, 2020, 28.7% of its consolidated sales were represented by small precision motors; 21.6% by automotive products; 36.2% by appliance, commercial and industrial products; 9.4% by machinery; 3.9% 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 and CEO.

Contact:
  Masahiro Nagayasu
  General Manager
  Investor Relations
  +81-75-935-6140
  ir@nidec.com

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Nidec Announces Financial Results for Fiscal Third Quarter and Nine Months Ended December 31, 2020 KYOTO, Japan, Jan. 25, 2021 (GLOBE NEWSWIRE) - Nidec Corporation (TSE: 6594) (OTC US: NJDCY) today announced its consolidated financial results under the International Financial Reporting Standards (“IFRS”) for the period of April 1, 2020 through …

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