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Nidec (NJDCY) announced its financial results for the fiscal year ended March 31, 2024, reporting record high net sales and profit. The company's operating profit was 163.1 billion yen, with strategic expenses of 59.8 billion yen for the Battery EV business. Nidec projects an interim dividend of 40 yen and an annual dividend of 80 yen for FY2025. The consolidated results show an increase in net sales and operating profit compared to the previous year.
Nidec (NJDCY) ha annunciato i risultati finanziari per l'anno fiscale conclusosi il 31 marzo 2024, registrando vendite nette e profitti record. Il profitto operativo dell'azienda è stato di 163,1 miliardi di yen, con spese strategiche di 59,8 miliardi di yen per il settore delle batterie per veicoli elettrici. Nidec prevede un dividendo intermedio di 40 yen e un dividendo annuale di 80 yen per l'anno fiscale 2025. I risultati consolidati mostrano un aumento delle vendite nette e del profitto operativo rispetto all'anno precedente.
Nidec (NJDCY) anunció sus resultados financieros para el año fiscal que finalizó el 31 de marzo de 2024, reportando ventas netas y beneficios récord. El beneficio operativo de la compañía fue de 163,1 mil millones de yen, con gastos estratégicos de 59,8 mil millones de yen para el negocio de baterías para vehículos eléctricos. Nidec proyecta un dividendo intermedio de 40 yen y un dividendo anual de 80 yen para el FY2025. Los resultados consolidados muestran un aumento en las ventas netas y el beneficio operativo en comparación con el año anterior.
니덱(NJDCY)은 2024년 3월 31일에 종료된 회계 연도의 재무 결과를 발표하였으며, 사상 최고의 순매출과 이익을 보고했다. 회사의 운영 이익은 1,631억 엔이었으며, 배터리 전기차 사업에 598억 엔의 전략적 비용이 소요되었다. 니덱은 2025 회계연도에 대해 중간 배당 40엔과 연간 배당 80엔을 예상한다. 합산 결과는 전년 대비 순매출과 운영 이익이 증가했음을 보여준다.
Nidec (NJDCY) a annoncé ses résultats financiers pour l'exercice clos le 31 mars 2024, rapportant des ventes nettes et des profits records. Le bénéfice d'exploitation de l'entreprise s'élevait à 163,1 milliards de yens, avec des dépenses stratégiques de 59,8 milliards de yens pour l'entreprise de véhicules électriques à batterie. Nidec prévoit un dividende intermédiaire de 40 yens et un dividende annuel de 80 yens pour l'exercice 2025. Les résultats consolidés montrent une augmentation des ventes nettes et du bénéfice d'exploitation par rapport à l'année précédente.
Nidec (NJDCY) hat seine Finanzergebnisse für das Geschäftsjahr, das am 31. März 2024 endete, bekannt gegeben, mit Rekordhöhen bei Nettoumsatz und Gewinn. Der Betriebsgewinn des Unternehmens betrug 163,1 Milliarden Yen, mit strategischen Ausgaben von 59,8 Milliarden Yen für das Batterie-Elektrofahrzeuggeschäft. Nidec plant eine Zwischendividende von 40 Yen und eine Jahresdividende von 80 Yen für das Geschäftsjahr 2025. Die konsolidierten Ergebnisse zeigen einen Anstieg des Nettoumsatzes und Betriebsgewinns im Vergleich zum Vorjahr.
Positive
Nidec reported record high net sales and profit for FY2024.
Operating profit was 163.1 billion yen, with strategic expenses for the Battery EV business.
Projected dividends of 40 yen interim and 80 yen annual for FY2025.
Net sales and operating profit increased compared to the previous year.
Financial results were disclosed under the International Financial Reporting Standards (IFRS).
Negative
None.
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 fiscal year ended March 31, 2024.
The highlights are as follows:
FY23 consolidated net sales and profit before income taxes stood at record highs.
FY23 operating profit was 163.1 billion yen, as a result of 59.8 billion yen of structural reform expenses recorded due to strategic shift to improve the financial soundness and profitability of the Battery EV related business.
We project 40 yen of interim dividend and 80 yen of aggregate annual dividend for the year ending March 31, 2025.
EPS: ¥218.22 (basic and diluted)
Selected Consolidated Results of Operations (Unaudited) (IFRS-Based)
Yen in millions, except for per share amounts and percentages
Year ended
March 31,
Increase
(Decrease)
%
Three months ended
March 31,
Increase
(Decrease)
%
2024
2023
2024
2023
Net sales
2,348,202
2,242,824
4.7%
593,514
543,077
9.3%
Operating profit
163,106
100,028
63.1%
(6,172)
(24,376)
-
Ratio of operating profit to net sales
6.9%
4.5%
-
(1.0%)
(4.5%)
-
Profit before income taxes
202,919
120,540
68.3%
9,218
(21,404)
-
Ratio of profit before income taxes to net sales
8.6%
5.4%
-
1.6%
(3.9%)
-
Profit attributable to owners of the parent
125,387
44,964
178.9%
(20,492)
(59,113)
-
Ratio of profit attributable to owners of the parent to net sales
5.3%
2.0%
-
(3.5%)
(10.9%)
-
Earnings per share attributable to owners of the parent
- basic (Yen)
218.22
78.12
-
(35.66)
(102.89)
-
Earnings per share attributable to owners of the parent
- diluted (Yen)
A webcast (audio-only) discussing Nidec’s financial results for the year ended March 31, 2024 is scheduled for 10:00 a.m. JST on Wednesday, April 24, 2024. 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 year ended March 31, 2024, 17.7% of its consolidated sales were represented by small precision motors; 24.7% by automotive products; 41.1% by appliance, commercial and industrial products; 12.8% by machinery; 3.5% 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 Founder and Executive Chairman.
Teruaki Urago
General Manager
Investor Relations
+81-75-935-6140
ir@nidec.com
Source: Nidec Corporation
FAQ
What were Nidec's consolidated net sales and profit for the year ended March 31, 2024?
Nidec reported consolidated net sales of 2,348,202 million yen and profit before income taxes of 202,919 million yen for the fiscal year ended March 31, 2024.
What was Nidec's operating profit for FY2024?
Nidec's operating profit for FY2024 was 163.1 billion yen.
What dividends did Nidec project for the year ending March 31, 2025?
Nidec projected an interim dividend of 40 yen and an aggregate annual dividend of 80 yen for the year ending March 31, 2025.
Where can I find the full copy of Nidec's financial statements for the year ended March 31, 2024?
The full copy of Nidec's financial statements for the year ended March 31, 2024 can be found at: https://www.nidec.com/en/ir/news/2024/news0423-02/
When is the webcast discussing Nidec's financial results for the year ended March 31, 2024 scheduled?
The webcast discussing Nidec's financial results for the year ended March 31, 2024 is scheduled for 10:00 a.m. JST on Wednesday, April 24, 2024.
Where can I listen to the webcast discussing Nidec's financial results?
To listen to the webcast discussing Nidec's financial results, please visit Nidec's website at: https://www.nidec.com/en/ir/event/conference
