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Nidec Corporation Sponsored ADR (NJDCY)
:NJDCY
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Earnings Data
Report Date
Jan 23, 2025TBA Not Confirmed
Period Ending
2024 (Q3)Consensus EPS Forecast
0.08Last Year’s EPS
0.06Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 23, 2018
|% Change Since: -4.88%
|Next Earnings Date:Jul 25, 2018
Earnings Call Sentiment|Neutral
The earnings call highlighted record financial performance, dividend increase, and strategic expansions in India and Africa. However, significant challenges remain in the EV traction motor business and the Chinese market due to intense competition and price pressures.Company Guidance
In the third quarter earnings call for Nidec Corporation, the executives provided comprehensive guidance on various financial metrics. The company reported an upward revision in sales by approximately JPY 100 million, while operating profit was revised downward to around JPY 180 billion. They highlighted a significant restructuring plan focused on the EV traction motor business, which will incur a cost of approximately JPY 45 billion. The dividend was increased by JPY 5, resulting in a projected annual distribution of JPY 75 per share. Nidec achieved record high results with annual sales increasing by 3.2% to JPY 1,754,688 million, and operating profit growing by 36.1% to JPY 169,321 million, with an operating profit ratio of 9.6%. Profit attributable to owners of the parent surged by 40.2% to JPY 145,908 million. The company also emphasized a focus on future growth, particularly in the EV traction motor segment and new markets in India and Africa, while maintaining a disciplined approach to improve profitability.Record High Financial Performance
Sales increased by 3.2% to JPY 1,754,688 million, and operating profit grew by 36.1% to JPY 169,321 million, marking record high results.
Significant Dividend Increase
Dividend increased by JPY 5 to JPY 40, making the projected aggregate annual distribution JPY 75 per share.
Recovery in Automotive Products
Global sales in Automotive Products are on a recovery track, capturing growing demand and increasing both sales and operating profit.
Expansion in India and Africa
Plans to launch businesses in India and Africa, with four existing factories in India and a new one under construction in Egypt.
Strong Performance in Non-Traction Motors
Non-traction motor businesses are generating more than JPY 10 billion in profit per quarter, highlighting robust performance in areas like brake motors and power steering motors.
Strategic Focus on Large Motors
Plan to concentrate on large motors and related areas, with an emphasis on M&A to acquire necessary technology.
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NJDCY Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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NJDCY Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 23, 2024 | $4.71 | $4.64 | -1.49% |
| Jul 23, 2024 | $5.43 | $5.44 | +0.18% |
| Apr 23, 2024 | $5.46 | $5.45 | -0.18% |
| Jan 24, 2024 | $4.98 | $5.02 | +0.80% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Nidec Corporation Sponsored ADR (NJDCY) report earnings?
Nidec Corporation Sponsored ADR (NJDCY) is schdueled to report earning on Jan 23, 2025, TBA Not Confirmed.
What is Nidec Corporation Sponsored ADR (NJDCY) earnings time?
Nidec Corporation Sponsored ADR (NJDCY) earnings time is at Jan 23, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is NJDCY EPS forecast?
NJDCY EPS forecast for the fiscal quarter 2024 (Q3) is 0.08.
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