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15.11.25 - 06:36
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Nidec Posts 82 Pct Profit Drop on Automotive Biz Losses (Nippon)
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Tokyo, Nov. 15 (Jiji Press)--Japanese motor giant Nidec Corp. has said that its consolidated operating profit fell 82.5 pct from a year earlier to 21.1 billion yen for the six months to September, hurt by massive losses at its automotive products business. Net profit dropped 58.6 pct to 31.2 billion yen, according to an announcement made on Friday. Nidec again stopped short of disclosing its......
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14.11.25 - 13:27
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Nidec Announces Financial Results for Fiscal Second Quarter and Six Months Ended September 30, 2025 (Business Wire)
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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, 2025 through September 30, 2025.
The highlights are as follows:
Sales: increased by 8.5 billion yen compared to the previous year, due to sales increase in the Automotive products business and the Appliance, Commercial and Industrial products business, though sales in the Machinery business struggled.
Operating profit: decreased by 99.4 billion yen compared to the previous year due to a significant negative impact from specific factors in the Automotive products, including costs related to provision for loss on onerous contracts with customers, impairment losses in the Automotive products business, and settlement costs for claims for reimbursement from suppliers.
Cash generation: remains healthy, with cumulative net cash provided by operating activities of 112.3 billion yen and free cas...
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