NIDEC Corp (NJ) reported earnings for nine months that decreased from last year
The company's earnings totaled ¥134,615 million, or ¥117.14 per share. This compares with ¥144,237 million, or ¥125.51 per share, last year.
The company's revenue for the period rose 11.5% to ¥1,946 billion from ¥1,745.1 billion last year.
NIDEC Corp earnings at a glance (GAAP) :
-Earnings: ¥134,615 Mln. vs. ¥144,237 Mln. last year.-EPS: ¥117.14 vs. ¥125.51 last year.-Revenue: ¥1,946 Bln vs. ¥1,745.1 Bln last year.
The company’s 9-month net income was hurt by negative foreign exchange impact of ¥2.919 billion, compared with last year’s positive ¥19.586 billion. Loss from the discontinued operations also increased to ¥177 million from ¥21 million a year ago.
Looking ahead, for the 12-month period to March 31, Nidec has reaffirmed its guidance. The company continues to expect a net profit of ¥185 billion, up 48.6 percent from last year. Income per share is projected to be at ¥160.98. Revenue is anticipated to be ¥2.500 trillion, with a year-on-year growth of 6.5 percent.
The company still projects to pay a year-end dividend of ¥20 yen per share.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.