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
change
%
2021 2020 year
Net sales 447,470 336,876

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