NIDEC, Apr-Dec (Cumulative 3Q) Net Income Decreases by 7%

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Thu Jan 23, 2025 3:30 pm JST Earnings

6594 NIDEC CORPORATION 【IFRS】

Earnings Report

NIDEC CORPORATION <6594> [TSE Prime] announced its financial results (based on IFRS) after the market closed on January 23rd (15:30). The consolidated net income for the cumulative third quarter of the fiscal year ending March 2025 (April to December) decreased 6.7% from the same period last year to 134 billion yen. The progress rate toward the full-year plan of 185 billion yen was 72.8%, also falling below the five-year average of 120.7%.

Based on the cumulative third-quarter performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated net income/loss for the January to March period (4Q) is expected to turn into a profit of 50.3 billion yen (compared to a loss of 19.3 billion yen in the same period last year).

In the most recent three-month period, from October to December (3Q), the consolidated net income increased 53.3% from the same period last year, reaching 59 billion yen. However, the operating profit margin worsened from 8.8% in the same period last year to 8.4%.

Kabutan News

Actual Results

Accumulated Results 3rd Quarter

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Progress Rate vs. First Half	Announce	Accounting Standards
Apr - Dec, 2022	1,686,573	115,157	132,697	96,774	90.4	120.2	Jan 24, 2023	IFRS
Apr - Dec, 2023	1,745,073	167,104	191,527	144,237	127.0	95.0	Jan 24, 2024	IFRS
Apr - Dec, 2024	1,945,964	175,536	182,532	134,615	117.1	73.0	Jan 23, 2025	IFRS
YoY	+11.5%	+5.0%	-4.7%	-6.7%	-7.7%

Current Period Guidance

Second Half Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Oct - Mar, 2023	1,189,711	46,547	56,783	18,745	16.3	20	Apr 23, 2024	IFRS
Oct - Mar, 2024 Guidance	1,206,189	119,000	149,826	109,428	95.3	20	Oct 23, 2024	IFRS
YoY	+1.4%	+155.7%	+163.9%	+483.8%	+484.2%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	2,230,027	89,923	110,435	36,982	32.1	35	Apr 24, 2023	IFRS
Mar, 2024	2,347,159	161,856	201,669	124,455	108.3	37.50	Apr 23, 2024	IFRS
Mar, 2025 Guidance	2,500,000	240,000	250,000	185,000	161.1	40	Jul 23, 2024	IFRS
YoY	+6.5%	+48.3%	+24.0%	+48.6%	+48.7%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Oct - Dec, 2023	587,625	51,795	46,641	38,527	33.9	8.8	Jan 24, 2024	IFRS
Jan - Mar, 2024	602,086	-5,248	10,142	-19,782	-17.2	-0.9	Apr 23, 2024	IFRS
Apr - Jun, 2024	648,166	60,259	78,603	56,044	48.8	9.3	Jul 23, 2024	IFRS
Jul - Sep, 2024	645,645	60,741	21,571	19,528	17.0	9.4	Oct 23, 2024	IFRS
Oct - Dec, 2024	652,153	54,536	82,358	59,043	51.4	8.4	Jan 23, 2025	IFRS
YoY	+11.0%	+5.3%	+76.6%	+53.3%	+51.5%