NIDEC KK

6594

Equity

ISIN JP3734800000 / Valor 764747

Tokyo Stock Exchange (2024-09-17)

JPY 5,587.00-0.71%

NIDEC KK
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About company

NIDEC KK operates at the forefront of the motor industry, specializing in a wide array of motor application products. The company's expertise spans across a diverse product range that includes everything from small precision motors to large-scale motors, catering to various industrial needs. NIDEC's business model is centered around the concept of "everything that spins and moves," positioning itself as a key player in the motor business sector. With a focus on innovation and technological advancement, NIDEC KK has established a strong presence in the global market, providing solutions that drive a multitude of applications across different industries. The company's commitment to quality and efficiency in motor production underscores its role as a vital contributor to the advancement of modern technology and industrial processes.

Summarized from source with an LLMView SourceSector: Technology

Net Sales

For the three months ended June 30, 2024, NIDEC KK reported consolidated net sales of ¥648,166 million, representing a 14.8% increase compared to the same period in the previous year. This growth was driven by strong demand in various product segments, including small precision motors and water-cooling modules for AI servers.

Operating Profit

NIDEC KK's operating profit for the first quarter of 2024 was ¥60,259 million, showing a marginal increase of 0.1% year-on-year. Despite the slight growth, the company managed to maintain its operating profit levels amidst a challenging business environment and ongoing strategic investments.

Profit Before Income Taxes

In the first quarter of 2024, NIDEC KK recorded a profit before income taxes of ¥78,603 million, which is an 8.7% decrease compared to the same period in 2023. This decline was attributed to higher costs associated with new product launches and increased R&D expenditures.

Profit Attributable to Owners

The profit attributable to owners of the parent for the three months ended June 30, 2024, was ¥56,044 million, reflecting a 12.5% decrease from the previous year. The reduction in profit was primarily due to the aforementioned increase in operational costs and strategic investments.

Dividends

NIDEC KK announced a revision in its dividend forecast for the fiscal year ending March 31, 2025. The company plans to pay a dividend of ¥40.00 per share at the end of the fiscal year, following a stock split effective October 1, 2024. The total annual dividend before the stock split is forecasted to be ¥80.00 per share.

Summarized from source with an LLMView Source

Key figures

-24.8%1Y

-59.5%3Y

-27.0%5Y

Performance

34.5%1Y

33.1%3Y

33.2%5Y

Volatility