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Nidec posts record 9-month sales, profit NHK

Japanese electronics parts maker Nidec has reported record sales and operating profit for the first three quarters of the current business year.

Nidec's group sales in the April to December period totaled just over 1.4 trillion yen, or about 12.3 billion dollars. That is up 18.8 percent in yen terms from the same period a year earlier.

Operating profit grew 16.6 percent to 135 billion yen or about 1.2 billion dollars.

The company cited brisk sales of products for electric vehicles. Sales of parts for home appliances and air conditioners were also strong, thanks to stay-at-home demand in the pandemic.

However, Nidec kept its earnings forecast for this business year through March unchanged, in view of the impact of semiconductor shortages and surging prices of materials.
Summary
Japanese electronics manufacturer Nidec reported record sales and profit for the first three quarters of its fiscal year, with group sales reaching 1.4 trillion yen, a 18.8% increase from the previous year. Operating profit grew 16.6% to 135 billion yen. The surge in revenue was attributed to
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ID: 61f2a0c7-5184-4b74-805b-5be435ed5dbd

Category ID: nhk

URL: https://www3.nhk.or.jp/nhkworld/en/news/20220127_20/

Date: Jan. 27, 2022

Created: 2022/01/27 22:40

Updated: 2025/12/09 18:06

Last Read: 2022/01/27 22:40