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KYOTO, Japan, Jan 26, 2022 (GLOBE NEWSWIRE) — Nidec Corporation (TSE: 6594) (OTC:NJDCY) today announced its consolidated financial results under International Financial Reporting Standards (“IFRS”) for the period from April 1, 2021 to December 31, 2021.
The highlights are as follows:
- Nine-month net sales reached a record 1,407.2 billion yen, up 18.8% year-on-year.
- Nine-month operating profit and profit before income tax rose 16.6% year-on-year to 134.6 billion yen and 19.4% year-on-year to 130.6 billion yen. Both hit record highs.
- Net sales in the third quarter rose 7.2% sequentially to 496.5 billion yen, hitting a record high for the third consecutive quarter.
- The year-end dividend forecast has been raised by 5 yen per share, resulting in a projected total annual dividend of 65 yen in fiscal 2021.
- EPS: ¥171.67 (basic and diluted)
Selected Consolidated Operating Results (Unaudited) (Based on IFRS)
| In millions of yen, except per share amounts and percentages | nine months end December 31, |
Increase Decrease) % |
end of three months December 31, |
Increase Decrease) % |
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| 2021 | 2020 | 2021 | 2020 | |||||||||
| net sales | 1,407,210 | 1,184,991 | 18.8 | % | 496,542 | 433,197 | 14.6 | % | ||||
| operating profit | 134,631 | 115,509 | 16.6 | % | 44,308 | 46,335 | (4.4 | %) | ||||
| Operating profit to net sales ratio | 9.6 | % | ||||||||||
The full story is available on Benzinga.com
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