Nidec Announces Financial Results for the Fiscal Year Ended March 31, 2021 Another OTC: NJDCY

Nidec Announces Financial Results for the Fiscal Year Ended March 31, 2021 Another OTC: NJDCY

About Nidec Corporation Nidec Corporation (TSE: 6594) (OTC US: NJDCY) is a global leader in electric motor drive technology. For the year ended March 31, 2021, 27.4% of its consolidated sales were represented by small precision motors; 22.1% by automotive products; 37.2% by appliance, commercial and industrial products; 9.3% by machinery; 3.8% by electronic and optical components, and 0.2% by the remaining products lines. Nidec was founded in Kyoto, Japan in 1973 by Shigenobu Nagamori, its current Chairman and CEO. A conference call webcast (audio-only, user-control slides attached) discussing Nidec’s financial results for the fiscal year ended March 31, 2021 is scheduled for 09:00 a.m. EDT on Thursday, April 22, 2021. To listen to the webcast, please visit Nidec website at: https://www.nidec.com/en/ir/event/conference Contact:Masahiro NagayasuGeneral ManagerInvestor Relations+81-75-935-6140ir@nidec.com

Yen in millions, except for per share amounts and percentagesYear ended March 31,Increase (Decrease)%Three months ended March 31,Increase (Decrease)% 2021202020212020Net sales1,618,0641,534,8005.4%433,073375,19215.4 %Operating profit160,011108,55847.4%44,47615,354189.7 %Ratio of operating profit to net sales9.9%7.1%-10.3%4.1 % -Profit before income taxes152,978105,16045.5%43,63812,110260.3 %Ratio of profit before income taxes to net sales9.5%6.9%-10.1 %3.2 % -Profit attributable to owners of the parent121,97758,459108.7%38,3419,133319.8%Ratio of profit attributable to owners of the parent to net sales7.5%3.8%-8.9 %2.4 % -Earnings per share attributable to owners of the parent-Basic208.2599.37-65.4615.55-Earnings per share attributable to owners of the parent-Diluted208.2599.37-65.4615.55 - Selected Consolidated Results of Operations (Unaudited) (IFRS-Based)

Full copy of Nidec’s financial statements for the year ended March 31, 2021: https://www.nidec.com/en/ir/news/2021/news0422-02/ Net sales stood at a record high of ¥1,618.1 billion, 5.4% higher Y/Y. Operating profit increased 47.4% Y/Y to ¥160.0 billion.Q4 quarterly operating profit ratio achieved 10.3% due to enhanced profitability through WPR4 program implemented since the start of FY20, and sales recovery. Double-digit operating profit ratio was successfully maintained for three consecutive quarters.Profit attributable to owners of the parent increased 108.7% Y/Y to ¥122.0 billion.EPS: ¥208.25 (basic and diluted)

Source www.globenewswire.com

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