Nidec Announces Differences between Projected and Actual Financial Results for First-Half FY2023
KYOTO, Japan–(BUSINESS WIRE)–Nidec Corporation (TOKYO: 6594; OTC US: NJDCY) (the “Company”) today announced differences between its financial forecast for the six months ended September 30, 2023 (previously announced on April 24, 2023) and the actual financial results released today.
| The details are as follows: | |||||
| Differences between Projected and Actual Financial Results for Six Months Ended September 30, 2023 (IFRS) | |||||
| From April 1, 2023 to September 30, 2023 (Millions of yen, except for per share amounts and percentages) | |||||
|
| For the six months ended September 30, 2023 |
(Reference) | |||
|
|
Previous (April 24, 2023) | Actual | Change (amount) | Change (percent) | |
| Net sales | 1,000,000 | 1,160,662 | 160,662 | 16.1% | 1,130,767 |
| Operating profit | 100,000 | 115,782 | 15,782 | 15.8% | 96,368 |
| Profit before income taxes | 95,000 | 145,359 | 50,359 | 53.0% | 118,375 |
|
Profit attributable to | 74,000 | 106,081 | 32,081 | 43.4% | 86,649 |
|
Earnings per share | 128.79 | 184.62 | – | – | 150.31 |
Factors behind the differences between projected and actual six months results
The Company’s consolidated net sales and operating profit for the six months ended September 30, 2023 exceeded the previous forecast (announced on April 24, 2023). This is because the yen depreciated more than expected against both the US dollar and the euro, and the Company improved sales amount, price and cost. Profit before income taxes and profit attributable to owners of the parent also exceeded the forecast after posting foreign currency gain of approx. 26 billion yen.
Contacts
Nidec Corporation
Masahiro Nagayasu
General Manager
Investor Relations
+81-75-935-6140
ir@nidec.com
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