Nidec Announces Financial Results for Fiscal Year Ended March 31, 2021

KYOTO, Japan, April 22, 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 fiscal year ended March 31, 2021.

The highlights are as follows:

• Net sales stood at a record high of ¥1,618.1 billion, 5.4% higher Y/Y. Operating profit increased 47.4% Y/Y to ¥160.0 billion.
• Q4 quarterly operating profit ratio achieved 10.3% due to enhanced profitability through WPR4 program implemented since the start of FY20, and sales recovery. Double-digit operating profit ratio was successfully maintained for three consecutive quarters.
• Profit attributable to owners of the parent increased 108.7% Y/Y to ¥122.0 billion.
• EPS: ¥208.25 (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)%
	2021	2020		2021	2020
Net sales	1,618,064	1,534,800	5.4%	433,073	375,192	15.4 %
Operating profit	160,011	108,558	47.4%	44,476	15,354	189.7 %
Ratio of operating profit to net sales	9.9%	7.1%	-	10.3%	4.1 %	-
Profit before income taxes	152,978	105,160	45.5%	43,638	12,110	260.3 %
Ratio of profit before income taxes to net sales	9.5%	6.9%	-	10.1 %	3.2 %	-
Profit attributable to owners of the parent	121,977	58,459	108.7%	38,341	9,133	319.8%
Ratio of profit attributable to owners of the parent to net sales	7.5%	3.8%	-	8.9 %	2.4 %	-
Earnings per share attributable to owners of the parent -Basic	208.25	99.37	-	65.46	15.55	-
Earnings per share attributable to owners of the parent -Diluted	208.25	99.37	-	65.46	15.55	-

Full copy of Nidec’s financial statements for the year ended March 31, 2021:
https://www.nidec.com/en/ir/news/2021/news0422-02/

A conference call webcast (audio-only, user-control slides attached) discussing Nidec’s financial results for the fiscal year ended March 31, 2021 is scheduled for 09:00 a.m. EDT on Thursday, April 22, 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 year ended March 31, 2021, 27.4% of its consolidated sales were represented by small precision motors; 22.1% by automotive products; 37.2% by appliance, commercial and industrial products; 9.3% by machinery; 3.8% 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
[phone]
[e-mail]