KYOTO, Japan–(BUSINESS WIRE)–Nidec Corporation (TOKYO: 6594) (OTC US: NJDCY) today announced its consolidated results under the International Financial Reporting Standards (“IFRS”) for the three-month period ended June 30, 2023.
The highlights are as follows:
Selected Consolidated Results of Operations (Unaudited) (IFRS-Based)
| Yen in millions except for per share amounts and percentages | Three months ended June 30 | Change % | |
|
| 2023 | 2022 | |
| Net sales | 566,055 | 540,369 | 4.8% |
| Operating profit | 60,152 | 44,660 | 34.7% |
| Ratio of operating profit to net sales | 10.6% | 8.3% | – |
| Profit before income taxes | 86,081 | 56,989 | 51.0% |
| Ratio of profit before income taxes to net sales | 15.2% | 10.5% | – |
| Profit attributable to owners of the parent | 64,041 | 41,321 | 55.0 % |
| Ratio of profit attributable to owners of the parent to net sales | 11.3% | 7.6% | – |
| Earnings per share attributable to owners of the parent -Basic | 111.45 | 71.50 | – |
| Earnings per share attributable to owners of the parent -Diluted | 111.45 | 71.50 | – |
Full copy of Nidec’s financial statements for the three-month period ended June 30, 2023:
https://www.nidec.com/en/ir/news/2023/news0720-02/
A conference call webcast (audio-only, user-control slides attached) discussing Nidec’s financial results for the fiscal first quarter ended June 30, 2023 is scheduled for 09:00 a.m. EDT on Thursday, July 20, 2023. To listen to the webcast, please visit Nidec website at:
https://www.nidec.com/en/ir/event/conference
About Nidec Corporation
Nidec Corporation (TOKYO: 6594) (OTC US: NJDCY) is a global leader in electric motor drive technology. For the first quarter ended June 30, 2023, 16.9% of its consolidated sales were represented by small precision motors; 24.3% by automotive products; 42.2% by appliance, commercial and industrial products; 12.5% by machinery; 3.9% by electronic and optical components, and 0.2% by the remaining products lines. Nidec was founded in Kyoto, Japan in 1973 by Shigenobu Nagamori, its current Chairman and CEO.
Contacts
Masahiro Nagayasu
General Manager
Investor Relations
+81-75-935-6140
ir@nidec.com
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