Nidec Announces Financial Results for Fiscal Second Quarter and Six Months Ended September 30, 2023

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, 2023 through September 30, 2023.

The highlights are as follows:

• First half net sales stood at a record high of ¥1,160.7 billion, 2.6% higher Y/Y.
• First half operating profit increased 20.1% Y/Y to ¥115.8 billion, marking a record high.
• First half profit before income taxes increased 22.8 % Y/Y to ¥145.4 billion. Profit attributable to owners of the parent increased 22.4% Y/Y to ¥106.1 billion. Both stood at record highs.
• EPS: ¥184.62 (basic and diluted)

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

Full copy of Nidec’s financial statements for the second quarter and six months ended September 30, 2023:

https://www.nidec.com/en/ir/news/2023/news1023-02/

A webcast (audio-only) discussing Nidec’s financial results for the second quarter and six months ended September 30, 2023 is scheduled for 10:00 a.m. JST on Tuesday, October 24, 2023. 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 six months ended September 30, 2023, 17.8% of its consolidated sales were represented by small precision motors; 24.3% by automotive products; 41.3% by appliance, commercial and industrial products; 12.6% by machinery; 3.7% 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 Chairman and CEO.

Contacts

Masahiro Nagayasu

General Manager

Investor Relations

+81-75-935-6140

ir@nidec.com