[ad_1]
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 |
change % |
|
| 2021 | 2020 year | ||
| Net sales | 447,470 | 336,876 | |
The full story on Benzinga.com
[ad_2]
Source link
