FX.co ★ Nidec Q4 Loss Narrows - Quick Facts

In the recent fiscal quarter, Nidec Corp. (NJDCY) disclosed that its quarterly losses attributable to the company's shareholders have significantly reduced to 20.49 billion yen, from 59.11 billion yen during the same quarter the previous year. The basic loss per share was 35.66 yen, a considerable improvement from the previous year's loss of 102.89 yen per share.

The company's operating losses for the same quarter have also decreased considerably to 6.17 billion yen from the previous year's 24.38 billion yen.

Nidec Corp. saw a boost in its net sales for the quarter which mounted to 593.51 billion yen, an increase from the prior year's sales of 543.08 billion yen.

For the fiscal year ending March 31, 2025, the company anticipates an interim dividend of 40 yen and an aggregate annual dividend of 80 yen.

For the same fiscal yearending March 31, 2025, Nidec Corp. predicts a profit attributable to the company's shareholders to reach 165.00 billion yen. This constitutes a dramatic increase of 131.6% from the earnings of the previous fiscal year.

The company expects its annual operating profit to be in the region of 230.00 billion yen, marking a 141.0% increase from the previous year.

In terms of annual net sales, the company forecasts it will amount to 2.40 trillion yen, which signifies an increase of 102.2% from the last financial year.