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Nidec Announces Financial Results for Fiscal Third Quarter and Nine Months Ended December 31, 2024

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Nidec (NJDCY) reported strong financial results for the nine months ended December 31, 2024. The company achieved record-high net sales of ¥1.946 trillion, representing an 11.5% increase year-over-year. Operating profit also reached a record high of ¥175.5 billion, up 5.0% compared to the previous year.

For the third quarter specifically, net sales increased by 11% to ¥652.1 billion, while operating profit rose 5.3% to ¥54.5 billion. The company maintained record-high cash flow levels. However, profit attributable to owners decreased by 6.7% to ¥134.6 billion for the nine-month period, with earnings per share declining from ¥125.51 to ¥117.14.

Nidec (NJDCY) ha riportato risultati finanziari solidi per i nove mesi conclusisi il 31 dicembre 2024. L'azienda ha raggiunto un fatturato netto record di ¥1.946 trilioni, con un aumento dell'11,5% rispetto all'anno precedente. Il profitto operativo ha anch'esso toccato un massimo storico di ¥175,5 miliardi, in aumento del 5,0% rispetto all'anno scorso.

Per il terzo trimestre in particolare, il fatturato netto è aumentato dell'11% fino a ¥652,1 miliardi, mentre il profitto operativo è salito del 5,3% a ¥54,5 miliardi. L'azienda ha mantenuto livelli di flusso di cassa record. Tuttavia, il profitto attribuibile agli azionisti è diminuito del 6,7% a ¥134,6 miliardi per il periodo di nove mesi, con l'utile per azione che è sceso da ¥125,51 a ¥117,14.

Nidec (NJDCY) informó resultados financieros sólidos para los nueve meses finalizados el 31 de diciembre de 2024. La compañía alcanzó ventas netas récord de ¥1.946 billones, lo que representa un aumento del 11,5% en comparación con el año anterior. El beneficio operativo también alcanzó un récord de ¥175,5 mil millones, un aumento del 5,0% en comparación con el año pasado.

Para el tercer trimestre en particular, las ventas netas aumentaron un 11% a ¥652,1 mil millones, mientras que el beneficio operativo creció un 5,3% a ¥54,5 mil millones. La empresa mantuvo niveles de flujo de caja récord. Sin embargo, el beneficio atribuible a los propietarios disminuyó un 6,7% a ¥134,6 mil millones para el período de nueve meses, con las ganancias por acción cayendo de ¥125,51 a ¥117,14.

니덱 (NJDCY)은 2024년 12월 31일로 종료된 9개월 동안 강력한 재무 결과를 보고했습니다. 회사는 역대 최대 순매출인 ¥1.946조 엔을 기록하며, 전년 대비 11.5% 증가했습니다. 운영 이익 또한 ¥175.5억 엔으로 역대 최고치를 달성하며, 지난해 대비 5.0% 증가했습니다.

특히 3분기에는 순매출이 11% 증가한 ¥652.1억 엔에 달했으며, 운영 이익은 5.3% 증가한 ¥54.5억 엔으로 상승했습니다. 회사는 역대 최대 현금 흐름 수준을 유지했습니다. 그러나 소유자에게 귀속되는 이익은 9개월 동안 6.7% 감소하여 ¥134.6억 엔에 그쳤으며, 주당 순이익은 ¥125.51에서 ¥117.14로 감소했습니다.

Nidec (NJDCY) a rapporté de solides résultats financiers pour les neuf mois se terminant le 31 décembre 2024. La société a atteint un chiffre d'affaires net record de ¥1.946 trillions, représentant une augmentation de 11,5 % par rapport à l'année précédente. Le bénéfice d'exploitation a également atteint un niveau record de ¥175,5 milliards, en hausse de 5,0 % par rapport à l'année précédente.

Pour le troisième trimestre en particulier, le chiffre d'affaires net a augmenté de 11 % pour atteindre ¥652,1 milliards, tandis que le bénéfice d'exploitation a grimpé de 5,3 % à ¥54,5 milliards. L'entreprise a maintenu des niveaux de flux de trésorerie records. Cependant, le bénéfice attribuable aux propriétaires a diminué de 6,7 % pour atteindre ¥134,6 milliards pour la période de neuf mois, avec un bénéfice par action qui est passé de ¥125,51 à ¥117,14.

Nidec (NJDCY) hat für die neun Monate bis zum 31. Dezember 2024 starke finanzielle Ergebnisse gemeldet. Das Unternehmen erzielte rekordhohe Nettoumsätze von ¥1,946 Billionen, was einem Anstieg von 11,5% im Vergleich zum Vorjahr entspricht. Der operative Gewinn erreichte ebenfalls mit ¥175,5 Milliarden ein Rekordhoch und stieg um 5,0% im Vergleich zum Vorjahr.

Im dritten Quartal stiegen die Nettoumsätze um 11% auf ¥652,1 Milliarden, während der operative Gewinn um 5,3% auf ¥54,5 Milliarden zunahm. Das Unternehmen hielt rekordhohe Cashflow-Niveaus aufrecht. Der den Eigentümern zurechenbare Gewinn hingegen sank im Neunmonatszeitraum um 6,7% auf ¥134,6 Milliarden, und der Gewinn pro Aktie fiel von ¥125,51 auf ¥117,14.

Positive
  • Record-high net sales of ¥1.946 trillion (+11.5% YoY)
  • Record-high operating profit of ¥175.5 billion (+5.0% YoY)
  • Strong Q3 performance with 76.6% increase in profit before income taxes
  • Maintained record-high cash flow levels
Negative
  • Operating profit margin declined from 9.6% to 9.0%
  • 6.7% decrease in profit attributable to owners
  • Earnings per share declined from ¥125.51 to ¥117.14
  • Profit before income taxes decreased by 4.7% for nine-month period

KYOTO, Japan--(BUSINESS WIRE)-- Nidec Corporation (TOKYO: 6594) (OTC US: NJDCY) today announced its consolidated financial results under the International Financial Reporting Standards (“IFRS”) for the period of April 1, 2024 through December 31, 2024.

The highlights are as follows:

  • Nine months net sales stood at record high of ¥1.946 trillion, 11.5% higher Y/Y.
  • Nine months operating profit stood at record high of ¥175.5 billion, 5.0% higher Y/Y.
  • Record-high level cash-flow maintained.

Selected Consolidated Results of Operations (Unaudited) (IFRS-Based)

Yen in millions, except for per share amounts and percentages

Nine months ended

December 31,

 

Increase
(Decrease)
%

 

Three months ended

December 31,

 

Increase
(Decrease)
%

 

2024

 

2023

   

2024

 

2023

 

Net sales

1,945,964

 

1,745,073

 

11.5%

 

652,153

 

587,625

 

11%

Operating profit

175,536

 

167,104

 

5.0%

 

54,536

 

51,795

 

5.3%

Ratio of operating profit to net sales

9.0%

 

9.6%

 

-

 

8.4%

 

8.8%

 

-

Profit before income taxes

182,532

 

191,527

 

(4.7)%

 

82,358

 

46,641

 

76.6%

Ratio of profit before income taxes to net sales

9.4%

 

11.0%

 

-

 

12.6%

 

7.9%

 

-

Profit attributable to owners of the parent

134,615

 

144,237

 

(6.7)%

 

59,043

 

38,527

 

53.3%

Ratio of profit attributable to owners of the parent to net sales

6.9%

 

8.3%

 

-

 

9.1%

 

6.6%

 

 -

Earnings per share attributable to owners of the parent
- basic (Yen)

117.14

 

125.51

 

-

 

51.38

 

33.52

 

-

Earnings per share attributable to owners of the parent
- diluted (Yen)

-

 

-

 

-

 

-

 

-

 

-

Full copy of Nidec’s financial statements for the third quarter and nine months ended December 31, 2024:
https://www.nidec.com/en/ir/news/2025/news0123-03/

A webcast (audio-only) discussing Nidec’s financial results for the third quarter and nine months ended December 31, 2024 is scheduled for 5:00 p.m. JST on Thursday, January 23, 2025. To listen to the webcast, please visit Nidec website at: https://www.nidec.com/en/ir/event/conference
(The webcast will be available on January 24, 2025, JST.)

About Nidec Corporation

Nidec Corporation (TOKYO: 6594) (OTC US: NJDCY) is a global leader in electric motor drive technology. For the nine months ended December 31, 2024, 18.9% of its consolidated sales were represented by small precision motors; 25.5% by automotive products; 40.1% by appliance, commercial and industrial products; 12.0% by machinery; 3.4% 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 Founder and Chairman of the Board.

Teruaki Urago

General Manager

Investor Relations

+81-75-935-6140

ir@nidec.com

Source: Nidec Corporation

FAQ

What was Nidec's (NJDCY) net sales growth in Q3 2024?

Nidec's net sales grew by 11% year-over-year in Q3 2024, reaching ¥652.153 billion.

How much did Nidec's (NJDCY) operating profit increase in the first nine months of FY2024?

Nidec's operating profit increased by 5.0% year-over-year to ¥175.536 billion in the first nine months of FY2024.

What was Nidec's (NJDCY) earnings per share for the nine months ended December 31, 2024?

Nidec's basic earnings per share was ¥117.14 for the nine months ended December 31, 2024.

How did Nidec's (NJDCY) profit margin change in the first nine months of FY2024?

Nidec's operating profit margin decreased from 9.6% to 9.0% in the first nine months of FY2024.

What was the percentage increase in Nidec's (NJDCY) Q3 2024 profit before income taxes?

Nidec's profit before income taxes increased by 76.6% in Q3 2024 compared to the same period in 2023.

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