Nidec Corporation (TOKYO:6594) (OTC US: NJDCY) announced its consolidated financial results under the International Financial Reporting Standards (“IFRS”) for the fiscal year ended March 31, 2026.
The highlights are as follows:
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Consolidated net sales increased Y/Y. In particular, MOEN (Appliance, commercial and industrial products) performed strongly, led by alternators, supported by robust demand for data centers in North America. |
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Recording of large impairment losses resulted in a consolidated operating loss. |
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Major impairment losses: |
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ACIM -298.8 billion yen |
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NPe (NIDEC PSA EMOTORS SAS) -116.3 billion yen |
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NMOJ (NIDEC MOBILITY CORPORATION) -73.1 billion yen |
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Due to the recognition of significant impairment losses at consolidated subsidiaries, Nidec Corp., the parent company, recognized significant impairment losses |
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Recognition of impairment losses on shares of subsidiaries and investments held by Nidec Corp. |
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Provision for allowance for doubtful accounts regarding receivables from subsidiaries, etc. |
Selected Consolidated Results of Operations (IFRS-Based)
Yen in millions, except for per share amounts and percentages |
Year ended March 31, |
Increase (Decrease) % |
Three months ended March 31, |
Increase (Decrease)% |
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2026 |
2025 (Restated) |
2026 |
2025 (Restated) |
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Net sales------------------------------------------------------------------------------------- |
2,708,705 |
2,606,347 |
3.9% |
722,348 |
665,846 |
8.5% |
Operating profit-------------------------------------------------------------- |
(518,978) |
128,222 |
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(634,713) |
(34,117) |
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Ratio of operating profit to net sales----------------------- |
(19.2%) |
4.9% |
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(87.9%) |
(5.1%) |
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Profit before income taxes-------------------------------------------- |
(496,214) |
124,576 |
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(633,650) |
(42,314) |
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Ratio of profit before income taxes to net sales----- |
(18.3%) |
4.8% |
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(87.7%) |
(6.4%) |
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Profit attributable to owners of the parent------------------- |
(564,624) |
84,672 |
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(603,741) |
(42,713) |
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Ratio of profit attributable to owners of the parent to net sales---------------------------------------------------------------------- |
(20.8%) |
3.2% |
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(83.6%) |
(6.4%) |
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Earnings per share attributable to owners of the parent |
(492.55) |
73.69 |
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(526.68) |
(30.41) |
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Earnings per share attributable to owners of the parent |
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Full copy of Nidec’s financial statements for the fiscal year ended March 31, 2026:
https://www.nidec.com/files/user/www-nidec-com/corporate/news/2026/0930-10/260930-10en.pdf
View source version on businesswire.com: https://www.businesswire.com/news/home/20261001020899/en/