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Nidec Corporation (NNDNF)
OTHER OTC:NNDNF
Holding NNDNF?
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Earnings Data
Report Date
Jan 23, 2025TBA Not Confirmed
Period Ending
2024 (Q3)Consensus EPS Forecast
0.3Last Year’s EPS
0.22Same Quarter Last Year
Moderate Buy
Based on 7 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 23, 2018
|% Change Since: -10.53%
|Next Earnings Date:Jul 25, 2018
Earnings Call Sentiment|Neutral
The earnings call highlighted strong financial results and strategic expansions in India and Africa, but also revealed significant challenges in the EV traction motor business and the Chinese market, necessitating restructuring and strategic shifts.Company Guidance
During the third-quarter earnings call for fiscal year 2023, Nidec Corporation provided guidance on several key metrics and strategic initiatives. The company reported an annual sales increase of 3.2% to JPY 1,754,688 million, while operating profit grew by 36.1% to JPY 169,321 million, achieving a 9.6% operating profit ratio. Profit attributable to owners of the parent surged by 40.2%, reaching JPY 145,908 million, marking record high results. In light of these strong financials, the dividend was increased by JPY 5 to JPY 40, projecting an aggregate annual distribution of JPY 75 per share. Nidec also outlined its efforts to strengthen its financial capabilities, announcing a restructuring charge of approximately JPY 45 billion for its EV traction motor business. The company emphasized its focus on profitability and detailed plans to consolidate its NPE joint venture by next fiscal year, alongside expanding operations in India and Africa.Record High Financial Results
Sales increased by 3.2% to JPY 1,754,688 million, operating profit grew by 36.1% to JPY 169,321 million, and profit attributable to owners increased by 40.2% to JPY 145,908 million.
Dividend Increase
The dividend has been increased by JPY 5 to JPY 40, making the projected aggregate annual distribution JPY 75 per share.
Cash Flow Improvement
Operating profit level has increased, and capital flow has improved, marking one of the highest levels ever.
Non-Traction Motor Automotive Business
Non-traction motor automotive businesses like brake motors and power steering motors are performing well, generating over JPY 10 billion in profit per quarter.
Expansion in India and Africa
Nidec plans to launch businesses in India and Africa, with a fifth factory under construction in India and the first factory being established in Egypt.
MOEN Growth Potential
MOEN shows significant growth potential, with plans for investment and expansion in energy-saving products and large-scale motors.
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NNDNF 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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NNDNF Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 23, 2024 | $20.03 | $17.63 | -11.98% |
| Jul 23, 2024 | $21.87 | $22.71 | +3.84% |
| Apr 23, 2024 | $22.00 | $21.48 | -2.36% |
| Jan 24, 2024 | $19.92 | $19.54 | -1.91% |
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 (NNDNF) report earnings?
Nidec Corporation (NNDNF) is schdueled to report earning on Jan 23, 2025, TBA Not Confirmed.
What is Nidec Corporation (NNDNF) earnings time?
Nidec Corporation (NNDNF) 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 NNDNF EPS forecast?
NNDNF EPS forecast for the fiscal quarter 2024 (Q3) is 0.3.
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