Nidec Corporation Provides Consolidated Earnings Guidance for the Six Months Ending September 30, 2020 and Year Ending March 31, 2021
July 21, 2020 at 05:59 am EDT
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Nidec Corporation provided consolidated earnings guidance for the six months ending September 30, 2020. For the six months ending September 30, 2020, the company expects net sales to be JPY 700,000 million, operating profit to be JPY 55,000 million and profit attributable to owners of the parent to be JPY 40,000 million or JPY 68.29 per share.
For the year ending March 31, 2021, the company expects net sales to be JPY 1,500,000 million, operating profit to be JPY 125,000 million and profit attributable to owners of the parent to be JPY 100,000 million or JPY 170.72 per share.
Nidec Corporation specializes in the development, manufacturing and marketing of small precision motors and automotive and appliance components. Net sales break down by family of products as follows:
- appliances, air-conditioning and industrial equipment motors (40.5%);
- small precision motors (21.9%): pin motors for hard drives, fan motors, vibrating motors, brush motors and motor applications, etc. ;
- automotive components (21.3%);
- machines (12.1%): industrial robots, card readers, test systems, presses and power transmission drives, etc. ;
- electronic and optical components (3.9%): switches, trimmer potentiometers, lens units and camera shutters, etc. ;
- other (0.3%).
The net sales are distributed geographically as follows: Japan (17.8%), China (26.7%), the United States (21.6%), Germany (6.1%), Italy (5.5%), Thailand (5.2%) and other (17.1%).
NIDEC CORPORATION 
