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Nidec
(6594)
Nidec (6594) vs. iShares MSCI Japan ETF (EWJ)
Nidec Business Overview & Revenue Model
Nidec Earnings Call Summary
Nidec Financial Statement Overview
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 2.62T | 2.61T | 2.35T | 2.23T | 1.92T | 1.62T |
| Gross Profit | 469.61B | 537.00B | 497.43B | 413.20B | 403.34B | 366.56B |
| EBITDA | 348.53B | 263.37B | 294.39B | 247.01B | 282.08B | 256.65B |
| Net Income | 178.50B | 167.69B | 125.39B | 36.98B | 136.87B | 121.98B |
Balance Sheet | ||||||
| Total Assets | 3.49T | 3.33T | 3.17T | 2.87T | 2.68T | 2.26T |
| Cash, Cash Equivalents and Short-Term Investments | 347.40B | 246.24B | 217.00B | 186.10B | 204.48B | 223.41B |
| Total Debt | 255.87B | 636.05B | 600.90B | 705.35B | 595.71B | 531.47B |
| Total Liabilities | 1.71T | 1.58T | 1.50T | 1.50T | 1.36T | 1.14T |
| Stockholders Equity | 1.76T | 1.72T | 1.64T | 1.35T | 1.29T | 1.10T |
Cash Flow | ||||||
| Free Cash Flow | 173.79B | 163.72B | 193.05B | -10.25B | -20.23B | 119.23B |
| Operating Cash Flow | 298.96B | 284.43B | 320.77B | 143.49B | 94.99B | 219.16B |
| Investing Cash Flow | -144.60B | -150.64B | -153.55B | -164.94B | -112.60B | -100.57B |
| Financing Cash Flow | -34.47B | -76.81B | -181.56B | -19.24B | -64.39B | -136.19B |
Nidec Technical Analysis
Nidec Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
74 Outperform | ¥5.45T | 34.91 | ― | 1.72% | 4.10% | 14.54% | |
73 Outperform | ¥2.45T | 19.82 | 6.88% | 0.97% | 5.35% | 26.51% | |
72 Outperform | ¥3.37T | 21.78 | 7.96% | 1.86% | 2.43% | -1.86% | |
72 Outperform | ¥1.86T | 26.73 | 16.30% | 1.30% | ― | ― | |
70 Outperform | ¥3.06T | 23.19 | 26.54% | 0.71% | -1.66% | 19.02% | |
70 Outperform | ¥1.86T | 19.29 | 13.25% | 1.40% | 14.12% | 54.64% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% |
Nidec Corporate Events
Nidec Corporation announced organizational and personnel changes effective December 1, 2025, which involve the separation of its Legal & Compliance Department into two distinct departments: Legal and Compliance. These changes aim to streamline operations and enhance focus on compliance and legal matters, potentially improving the company’s governance and operational efficiency.
Nidec Corporation announced financial adjustments due to provisions for loss on contracts, impairment losses on non-financial assets, and liabilities from supplier settlements in the first and second quarters of the fiscal year ending March 2026. These financial adjustments have led to changes in net sales and profit figures, highlighting potential misstatements that may be investigated by a Third-Party Committee.
Nidec Corporation has announced that its interim review report for the financial statements ending June 30, 2025, contains a disclaimer of conclusion due to suspected inappropriate accounting practices. The company has initiated an investigation by a Third-Party Committee to address these issues, which could significantly impact its financial statements and stakeholder trust.
Nidec Corporation has announced that its interim review report for the six months ending September 30, 2025, includes a disclaimer of conclusion due to suspicions of inappropriate accounting practices. The company has initiated an investigation by a Third-Party Committee to address these concerns, which could significantly impact its financial statements and stakeholder trust. The investigation’s findings may lead to material adjustments in the company’s financial reporting.
Nidec Corporation has been designated as a ‘Security on Special Alert’ by the Tokyo Stock Exchange due to concerns over its internal management system, particularly following suspected improper accounting practices. In response, Nidec is developing an improvement plan, which includes establishing a third-party committee to investigate and recommend measures to prevent recurrence. The company is committed to reforming its corporate culture and strengthening its governance to regain investor confidence.
Nidec Corporation reported its financial results for the six months ended September 30, 2025, showing a slight increase in net sales but significant declines in operating profit and profit before income taxes compared to the previous year. The company is currently undergoing investigations by a Third-Party Committee due to suspicions of inappropriate accounting practices, which could have a material impact on its financial statements.
Nidec Corporation reported a challenging financial performance for the three months ended June 30, 2025, with a decline in net sales and a significant operating loss compared to the previous year. The company is undergoing investigations by a Third-Party Committee due to suspicions of inappropriate accounting practices, which could have a material impact on its financial statements. This situation raises concerns about the company’s internal controls and financial transparency, potentially affecting stakeholder confidence.
Nidec Corporation has announced the integration of scroll compressor technology into its product lineup through the acquisition of Xecom, enhancing its position in the air conditioning and heat pump markets. Despite a decline in net sales and operating profit in the first quarter of fiscal year 2025, the company is strategically expanding its product offerings to strengthen its market presence.
Nidec Corporation reported a slight increase in net sales for the first half of fiscal 2025, driven by growth in its automotive and appliance sectors, despite challenges in its machinery business. However, the company experienced a significant decline in operating profit due to factors such as contract loss provisions and impairment losses in its automotive segment. Additionally, an ongoing investigation into suspected improper accounting practices and an interim review report with a disclaimer of opinion from auditors highlight potential financial statement revisions.
Nidec Corporation has announced the determination of the disclosure date for its financial results for the first quarter of the fiscal year ending March 31, 2026, set for November 14, 2025. The company is currently undergoing investigations regarding suspected inappropriate accounting practices, and it has committed to making necessary amendments to its financial statements if any material misstatements are found.
Nidec Corporation has entered into a commitment line agreement with MUFG Bank, Ltd. and Sumitomo Mitsui Banking Corporation for a total of 600 billion yen. This agreement aims to secure flexible and stable funding, thereby strengthening Nidec’s financial foundation and ensuring operational stability.
Nidec Corporation announced the discontinuation of its share repurchase program, initially resolved in May 2025, due to ongoing investigations into suspected inappropriate accounting practices. The company has not repurchased any shares since the start of the program, as it refrained from doing so while holding material non-public information and amidst confirmed events subject to investigation.
Nidec Corporation announced that it will not pay an interim dividend for the fiscal year ending March 31, 2026, and has revised its year-end dividend forecast. The company also updated its consolidated financial performance forecast, reflecting adjustments in its financial strategy amidst market conditions. This decision may impact shareholder returns and indicates a strategic shift in managing financial resources.
Nidec Corporation announced that no shares were repurchased during the specified period of its ongoing share repurchase plan, which was authorized by the Board of Directors. This update indicates that despite having the authorization to repurchase up to 13 million shares, the company has not executed any buybacks, potentially impacting its market strategy and shareholder value.
Nidec Corporation announced significant organizational and personnel changes effective October 1, 2025, aimed at enhancing its operational efficiency and strategic alignment. These changes include the integration of corporate departments and the establishment of new divisions within its Automotive Motor & Electronic Control Organic Business Unit, reflecting Nidec’s commitment to strengthening its market position and improving stakeholder engagement.
Nidec Corporation announced corrections to its financial statements for the year ended March 31, 2025, due to unpaid tariffs and suspected improper accounting in its subsidiaries. These corrections resulted in minor changes to net sales and more significant decreases in operating profit and profit before income taxes, impacting stakeholders and reflecting the company’s commitment to transparency and accuracy.
Nidec Corporation has announced the completion of its securities report submission for the fiscal year ended March 31, 2025, after receiving an extension. This submission marks a significant step in maintaining transparency and compliance, reassuring stakeholders of the company’s commitment to regulatory obligations.
Nidec Corporation has announced that it received a disclaimer of opinion on its consolidated financial statements and internal control audit report for the fiscal year ended March 31, 2025. The disclaimer arises from ongoing investigations into suspected inappropriate accounting practices, which could significantly impact the company’s financial statements. The investigations are being conducted by a Third-Party Committee and internal teams, and their findings may have material implications for Nidec’s financial reporting and stakeholder trust.
Nidec Corporation has identified a material weakness in its internal control over financial reporting, specifically related to trade transactions at its subsidiary, NIDEC FIR INTERNATIONAL S.R.L. in Italy. This weakness has led to erroneous declarations of country of origin for certain motors, resulting in unpaid tariffs and delayed financial reporting. The company is implementing corrective measures to strengthen compliance and internal controls, which could have significant implications for its financial statements and stakeholder trust.
Nidec Corporation announced the submission of its securities and internal control reports for the fiscal year ending March 31, 2025, following an extension due to ongoing investigations. These investigations, which include issues related to trade transactions, customs, and potential improper accounting, have led to a disclaimer of opinion in the audit report due to insufficient evidence. The company is taking steps to address these issues, including establishing a third-party committee and implementing measures to prevent recurrence. The impact of these investigations on the financial statements is still being assessed.
Nidec Corporation announced corrections to its fiscal 2024 financial statements, initially disclosed in April 2025, due to ongoing investigations. The company highlighted its significant Battery Energy Storage System project in the Baltic region, which involves delivering over 50 units by the end of 2025, marking its first major venture in the area. This project is expected to enhance Nidec’s market positioning in the energy storage sector.