Nidec announces financial results for the first quarter ending June 30, 2021 – QNT Press Release

Kyoto, Japan, July 21, 2021 (GLOBE NEWSWIRE) – Nidec Corporation (TSE: 6594) (OTC:NJDCY) Today announced consolidated results for the three-month period ending June 30, 2021 in accordance with International Financial Reporting Standards (“IFRS”).

The highlights are as follows:

  • Net sales reached a record high of 447.5 billion yen, a year-on-year increase of 32.8%. Operating profit increased significantly by 60.3% year-on-year to 44.6 billion yen.
  • Due to the improved profitability of the WPR4 plan implemented since FY20 and the recovery of sales, the quarterly operating profit margin in the first quarter was 10.0%. Successfully maintained a double-digit operating profit margin for four consecutive quarters.
  • Profit attributable to owners of the parent company increased by 66.8% year-on-year to 33.5 billion yen.
  • EPS: ¥57.14 (basic and diluted)

Selected consolidated operating results (unaudited) (based on IFRS)

In millions of yen, excluding share value and percentage End of three months
June 30
2021 2020 year
Net sales 447,470 336,876

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