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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April 24, 2026 15:15 ET Economics news flow was relatively light this week even as the conflict in the Middle East continued, raising concerns for policymakers. In the U.S., spending data, initial jobless claims and pending home sales were the highlights. Business confidence in the biggest euro area economy was in focus in Europe. Inflation data from Japan gained attention in Asia.