Nidec Corporation ( (NNDNF) ) has released its Q1 earnings. Here is a breakdown of the information Nidec Corporation presented to its investors.
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Nidec Corporation is a leading Japanese company specializing in the manufacturing of electric motors and related components, serving various industries including automotive, industrial, and consumer electronics.
In its preliminary earnings report for the first quarter of fiscal year 2025, Nidec Corporation disclosed a slight decline in net sales compared to the same period last year, while managing to achieve a modest increase in operating profit.
The company reported net sales of 637,899 million yen, a 1.6% decrease from the previous year. However, operating profit rose by 2.3% to 61,450 million yen. Despite these gains, profit before income taxes and profit attributable to owners of the parent saw significant declines of 24.8% and 18.7%, respectively, due to ongoing investigations into trade and tariff issues.
Nidec Corporation is currently conducting additional investigations that may lead to revisions of these preliminary figures. The company remains committed to resolving these issues and providing accurate financial statements.
Looking forward, Nidec Corporation aims to address the current challenges and continue its growth trajectory, while maintaining transparency with its stakeholders.