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

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%.

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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 1,206,189 119,526 150,352 109,623 95.5 20 Oct 23, 2024 IFRS
YoY +1.4% +156.8% +164.8% +484.8% +485.2%

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 60,062 78,406 55,987 48.7 9.3 Jul 23, 2024 IFRS
Jul - Sep, 2024 645,645 60,412 21,242 19,390 16.9 9.4 Oct 23, 2024 IFRS
Oct - Dec, 2024 652,153 55,062 82,884 59,238 51.6 8.4 Jan 23, 2025 IFRS
YoY +11.0% +6.3% +77.7% +53.8% +52.0%

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