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, 1
Nidec Corporation ― the world's No.1 comprehensive motor manufacturer ― announced its first-quarter financial results and the mid-term strategic goal Vision2025.
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Summary of Q1 FY2021
Net sales stood at a record high of ¥447.5 billion, 32.8% higher Y/Y. Operating profit significantly increased 60.3% Y/Y to ¥44.6 billion.
Q1 q
Nidec Corporation announced today that the Company completed the acquisition of the compressor business (“Embraco”) of Whirlpool Corporation on July 2, 2019 (July 1, 2019 local time in Brazil) following the European Commission’s approval granted on June 26, 2019.
Following the announcement of Nidec’s financial results for the fiscal first half of 2018, the company’s founder and chairman, Shigenobu Nagamori, met with investors in Tokyo to discuss the company’s financial situation and its strategy moving forward. Nidec recently recorded its highest net sales and operating profit, among other figures, on a first-half and quarterly basis.
Nidec was established in Kyoto, Japan in 1973 by its Chairman Shigenobu Nagamori. In 1979, Nidec became the first company in the world to successfully commercialize a direct drive spindle motor for HDDs based on a brushless DC motor. Since then, the company has grown into a world-leading comprehensive motor manufacturer encompassing approximately 300 subsidiaries employing over 100,000 people throughout the world and with annual sales exceeding $10B. Nidec's motors, drives, generators and related products are found in a diverse range of applications including computers, smartphones, home appliances, automobiles, manufacturing plants, robots and more.
Nidec head office (Kyoto, Japan)
338 Kuzetonoshiro-cho, Minami-ku 601-8205 Kyoto
Japan