Nidec Corporation Reports Earnings Results for the Third Quarter and Nine Months Ended December 31, 2022
January 24, 2023 at 01:41 am
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Nidec Corporation reported earnings results for the third quarter and nine months ended December 31, 2022. For the third quarter, the company reported sales was JPY 568,980 million compared to JPY 496,542 million a year ago. Net income was JPY 17,428 million compared to JPY 32,700 million a year ago. Basic earnings per share was JPY 30.32 compared to JPY 55.94 a year ago.
For the nine months, sales was JPY 1,699,747 million compared to JPY 1,407,210 million a year ago. Net income was JPY 104,077 million compared to JPY 99,312 million a year ago. Basic earnings per share was JPY 180.72 compared to JPY 169.73 a year ago.
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 
