{"id":419878,"date":"2021-01-25T01:18:03","date_gmt":"2021-01-25T06:18:03","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=419878"},"modified":"2021-01-25T01:18:03","modified_gmt":"2021-01-25T06:18:03","slug":"nidec-announces-financial-results-for-fiscal-third-quarter-and-nine-months-ended-december-31-2020","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/nidec-announces-financial-results-for-fiscal-third-quarter-and-nine-months-ended-december-31-2020\/","title":{"rendered":"Nidec Announces Financial Results for Fiscal Third Quarter and Nine Months Ended December 31, 2020"},"content":{"rendered":"<div class=\"mw_release\">\n<p align=\"justify\">KYOTO, Japan, Jan.  25, 2021  (GLOBE NEWSWIRE) &#8212; Nidec Corporation (TSE: 6594) (OTC US: NJDCY) today announced its consolidated financial results under the International Financial Reporting Standards (\u201cIFRS\u201d) for the period of April 1, 2020 through December 31, 2020.<\/p>\n<p align=\"start\">The highlights are as follows:<\/p>\n<ul type=\"disc\">\n<li>Nine months net sales stood at record high \u00a51,185.0 billion, 2.2% higher Y\/Y. Nine months operating profit increased 24.0% Y\/Y to \u00a5115.5 billion.<\/li>\n<li>Q3 quarterly net sales increased 4.4% Q\/Q to \u00a5433.2 billion, marking a record high for two consecutive quarters. Operating profit increased 12.0% Q\/Q to \u00a546.4 billion due to increased sales and contributions from comprehensive improvements on cost structure and optimization of fixed cost through WPR4 program.<\/li>\n<li>EPS: \uffe5142.79 (basic and diluted)<\/li>\n<li>Upward revision to full-year FY2020 financial forecasts.<\/li>\n<\/ul>\n<p align=\"justify\">\n        <strong>Selected Consolidated Results of Operations (Unaudited)<\/strong><br \/>\n        <strong>(IFRS-Based)<\/strong>\n      <\/p>\n<table style=\"border-collapse: collapse;width:100%;border-collapse:collapse\">\n<tr>\n<td rowspan=\"2\" style=\"text-align: left;vertical-align: middle\">Yen in millions, except for per share amounts and percentages<\/td>\n<td colspan=\"4\" style=\"text-align: center;vertical-align: middle\">Nine months ended<\/td>\n<td colspan=\"2\" style=\"text-align: center;vertical-align: middle\">Increase <br \/>(Decrease)<\/td>\n<td colspan=\"4\" style=\"text-align: center;vertical-align: middle\">Three months ended<\/td>\n<td colspan=\"2\" rowspan=\"3\" style=\"border-bottom: solid black 1pt;text-align: center;vertical-align: middle\">Increase <br \/>(Decrease)<br \/>%<\/td>\n<\/tr>\n<tr>\n<td colspan=\"4\" style=\"border-bottom: solid black 1pt;text-align: center;vertical-align: middle\">December 31,<\/td>\n<td colspan=\"2\" style=\"text-align: center;vertical-align: middle\">%<\/td>\n<td colspan=\"4\" style=\"border-bottom: solid black 1pt;text-align: center;vertical-align: middle\">December 31,<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: left;vertical-align: middle\">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt;padding-right: 0;text-align: center;vertical-align: middle\">\n            <strong>2020<\/strong>\n          <\/td>\n<td style=\"border-bottom: solid black 1pt;padding-left: 0;text-align: center;vertical-align: middle\">\u00a0<\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: solid black 1pt;padding-right: 0;text-align: center;vertical-align: middle\">\n            <strong>2019<\/strong>\n          <\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: solid black 1pt;padding-left: 0;text-align: left;vertical-align: middle\">\u00a0<\/td>\n<td colspan=\"2\" style=\"border-bottom: solid black 1pt;text-align: right;vertical-align: middle\">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt;padding-right: 0;text-align: center;vertical-align: middle\">\n            <strong>2020<\/strong>\n          <\/td>\n<td style=\"border-bottom: solid black 1pt;padding-left: 0;text-align: center;vertical-align: middle\">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt;padding-right: 0;text-align: center;vertical-align: middle\">\n            <strong>2019<\/strong>\n          <\/td>\n<td style=\"border-bottom: solid black 1pt;padding-left: 0;text-align: left;vertical-align: middle\">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"max-width:36%;width:36%;min-width:36%;text-align: left;vertical-align: middle\">Net sales<\/td>\n<td style=\"max-width:9%;width:9%;min-width:9%;padding-right: 0;text-align: right;vertical-align: middle\">1,184,991<\/td>\n<td style=\"max-width:2%;width:2%;min-width:2%;padding-left: 0;text-align: left;vertical-align: middle\">\u00a0<\/td>\n<td style=\"max-width:7%;width:7%;min-width:7%;padding-right: 0;text-align: right;vertical-align: middle\">1,159,608<\/td>\n<td style=\"max-width:2%;width:2%;min-width:2%;padding-left: 0;text-align: left;vertical-align: middle\">\u00a0<\/td>\n<td style=\"max-width:9%;width:9%;min-width:9%;padding-right: 0;text-align: right;vertical-align: middle\">2.2<\/td>\n<td style=\"max-width:2%;width:2%;min-width:2%;padding-left: 0;text-align: left;vertical-align: middle\">%<\/td>\n<td style=\"max-width:9%;width:9%;min-width:9%;padding-right: 0;text-align: right;vertical-align: middle\">433,197<\/td>\n<td style=\"max-width:2%;width:2%;min-width:2%;padding-left: 0;text-align: left;vertical-align: middle\">\u00a0<\/td>\n<td style=\"max-width:9%;width:9%;min-width:9%;padding-right: 0;text-align: right;vertical-align: middle\">408,331<\/td>\n<td style=\"max-width:2%;width:2%;min-width:2%;padding-left: 0;text-align: left;vertical-align: middle\">\u00a0<\/td>\n<td style=\"max-width:9%;width:9%;min-width:9%;padding-right: 0;text-align: right;vertical-align: middle\">6.1<\/td>\n<td style=\"max-width:2%;width:2%;min-width:2%;padding-left: 0;text-align: left;vertical-align: middle\">%<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: left;vertical-align: middle\">Operating profit<\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">115,535<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\">\u00a0<\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">93,204<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\">\u00a0<\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">24.0<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\">%<\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">46,355<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\">\u00a0<\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">31,417<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\">\u00a0<\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">47.5<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\">%<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: justify;vertical-align: middle\">\u00a0 Ratio of operating profit to net sales<\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">9.7<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\">%<\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">8.0<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\">%<\/td>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\">\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0\ufeff\ufeff-\u00a0<\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">10.7<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\">%<\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">7.7<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\">%<\/td>\n<td colspan=\"2\" style=\"vertical-align: middle;text-align: left;padding-left: 20.0px;text-align: right;vertical-align: middle\">\u3000-<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: justify;vertical-align: middle\">Profit before income taxes<\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">109,340<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\">\u00a0<\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">93,050<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\">\u00a0<\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">17.5<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\">%<\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">43,335<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\">\u00a0<\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">29,720<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\">\u00a0<\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">45.8<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\">%<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: justify;vertical-align: middle\">\u00a0 Ratio of profit before income taxes to net sales<\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">9.2<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\">%<\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">8.0<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\">%<\/td>\n<td colspan=\"2\" style=\"vertical-align: middle;text-align: left;padding-left: 20.0px;padding-right: 0;text-align: right;vertical-align: middle\">&#8211;\u00a0<\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">10.0<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\">%<\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">7.3<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\">%<\/td>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\">\u3000-<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: justify;vertical-align: middle\">Profit attributable to owners of the parent<\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">83,636<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\">\u00a0<\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">49,326<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\">\u00a0<\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">69.6<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\">%<\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">34,853<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\">\u00a0<\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">22,099<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\">\u00a0<\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">57.7<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\">%<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: justify;vertical-align: middle\">\u00a0 Ratio of profit attributable to owners of the parent to net sales<\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">7.1<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\">%<\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">4.3<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\">%<\/td>\n<td colspan=\"2\" style=\"padding-right: 0;text-align: right;vertical-align: middle\">&#8211;\u00a0<\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">8.0<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\">%<\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">5.4<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\">%<\/td>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\">\u3000-<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: justify;vertical-align: middle\">Earnings per share attributable to owners of the parent<\/td>\n<td rowspan=\"2\" style=\"padding-right: 0;text-align: right;vertical-align: middle\">142.79<\/td>\n<td rowspan=\"2\" style=\"padding-left: 0;text-align: left;vertical-align: middle\">\u00a0<\/td>\n<td rowspan=\"2\" style=\"padding-right: 0;text-align: right;vertical-align: middle\">83.80<\/td>\n<td rowspan=\"2\" style=\"padding-left: 0;text-align: left;vertical-align: middle\">\u00a0<\/td>\n<td colspan=\"2\" rowspan=\"2\" style=\"padding-right: 0;text-align: right;vertical-align: middle\">&#8211;\u00a0<\/td>\n<td rowspan=\"2\" style=\"padding-right: 0;text-align: right;vertical-align: middle\">59.50<\/td>\n<td rowspan=\"2\" style=\"padding-left: 0;text-align: left;vertical-align: middle\">\u00a0<\/td>\n<td rowspan=\"2\" style=\"padding-right: 0;text-align: right;vertical-align: middle\">37.55<\/td>\n<td rowspan=\"2\" style=\"padding-left: 0;text-align: left;vertical-align: middle\">\u00a0<\/td>\n<td colspan=\"2\" rowspan=\"2\" style=\"padding-right: 0;text-align: right;vertical-align: middle\">&#8211;<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: justify;vertical-align: middle\">-Basic<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: justify;vertical-align: middle\">Earnings per share attributable to owners of the parent<\/td>\n<td rowspan=\"2\" style=\"padding-right: 0;text-align: right;vertical-align: middle\">142.79<\/td>\n<td rowspan=\"2\" style=\"padding-left: 0;text-align: left;vertical-align: middle\">\u00a0<\/td>\n<td rowspan=\"2\" style=\"padding-right: 0;text-align: right;vertical-align: middle\">83.80<\/td>\n<td rowspan=\"2\" style=\"padding-left: 0;text-align: left;vertical-align: middle\">\u00a0<\/td>\n<td colspan=\"2\" rowspan=\"2\" style=\"padding-right: 0;text-align: right;vertical-align: middle\">&#8211;\u00a0<\/td>\n<td rowspan=\"2\" style=\"padding-right: 0;text-align: right;vertical-align: middle\">59.50<\/td>\n<td rowspan=\"2\" style=\"padding-left: 0;text-align: left;vertical-align: middle\">\u00a0<\/td>\n<td rowspan=\"2\" style=\"padding-right: 0;text-align: right;vertical-align: middle\">37.55<\/td>\n<td rowspan=\"2\" style=\"padding-left: 0;text-align: left;vertical-align: middle\">\u00a0<\/td>\n<td colspan=\"2\" rowspan=\"2\" style=\"text-align: right;vertical-align: middle\">\u3000-<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: justify;vertical-align: middle\">-Diluted<\/td>\n<\/tr>\n<\/table>\n<p align=\"justify\">Full copy of Nidec\u2019s financial statements for the third quarter and nine months ended December 31, 2020: <br \/><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=mbs3NeSAeLXXRWPkmk8Ojo9CdROfKnziQCwLAA7yakha_ea_ISozVAqh624SV2glvDE2H4_7m36atPPC0GP08OSIOhaOv6c23fKo4a9hoiCy9j5xXonkPLcoQKbPXn1nH_XYuFOfXESn_WdSzCMYDrXLFWYdZY2wLW-n7y7VtQ4=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\"><u>https:\/\/www.nidec.com\/en\/ir\/news\/202<\/u><u>1<\/u><u>\/news0125-0<\/u><u>2<\/u><u>\/<\/u><\/a><\/p>\n<p align=\"justify\">A conference call webcast (audio-only, user-control slides attached) discussing Nidec\u2019s financial results for the third quarter and nine months ended December 31, 2020 is scheduled for 09:00 a.m. EST on Monday, January 25, 2021. To listen to the webcast, please visit Nidec website at: <br \/><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=mbs3NeSAeLXXRWPkmk8Ojo9CdROfKnziQCwLAA7yakgauS_0thmnsPhAtV1GKm4n_CNnEoJ2qEtpADv2oEpXtHVtxTm7FFoPsrLRIwUbNNNogDXTdGNZ1lUzHKB7miiCuqyuOr0Njq0q66Nucjdf0A==\" rel=\"nofollow noopener noreferrer\" target=\"_blank\"><u>https:\/\/www.nidec.com\/en\/ir\/event\/conference<\/u><\/a><\/p>\n<p align=\"start\">\n        <strong>About Nidec Corporation<\/strong><br \/>\n        <br \/> Nidec Corporation (TSE: 6594) (OTC US: NJDCY) is a global leader in electric motor drive technology. For the nine months ended December 31, 2020, 28.7% of its consolidated sales were represented by small precision motors; 21.6% by automotive products; 36.2% by appliance, commercial and industrial products; 9.4% by machinery; 3.9% 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.<\/p>\n<table style=\"border-collapse: collapse;width:100%;border-collapse:collapse\">\n<tr>\n<td colspan=\"2\" style=\"text-align: justify;vertical-align: middle\">Contact:<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: justify;vertical-align: middle\">\u00a0<\/td>\n<td style=\"text-align: justify;vertical-align: middle\">Masahiro Nagayasu<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: justify;vertical-align: middle\">\u00a0<\/td>\n<td style=\"text-align: justify;vertical-align: middle\">General Manager<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: justify;vertical-align: middle\">\u00a0<\/td>\n<td style=\"text-align: justify;vertical-align: middle\">Investor Relations<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: justify;vertical-align: middle\">\u00a0<\/td>\n<td style=\"text-align: justify;vertical-align: middle\">+81-75-935-6140<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: justify;vertical-align: middle\">\u00a0<\/td>\n<td style=\"text-align: justify;vertical-align: middle\">ir@nidec.com<\/td>\n<\/tr>\n<\/table>\n<p>      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODE0MDcxOSMzOTQyNTU1IzIwMjA0NDU=\" width=\"1\" height=\"1\" \/><br \/>\n      <br \/>\n      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/ml.globenewswire.com\/release\/track\/6350b838-71f8-48e6-8f85-87ceab8776dd\" width=\"1\" height=\"1\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>KYOTO, Japan, Jan. 25, 2021 (GLOBE NEWSWIRE) &#8212; Nidec Corporation (TSE: 6594) (OTC US: NJDCY) today announced its consolidated financial results under the International Financial Reporting Standards (\u201cIFRS\u201d) for the period of April 1, 2020 through December 31, 2020. The highlights are as follows: Nine months net sales stood at record high \u00a51,185.0 billion, 2.2% higher Y\/Y. Nine months operating profit increased 24.0% Y\/Y to \u00a5115.5 billion. Q3 quarterly net sales increased 4.4% Q\/Q to \u00a5433.2 billion, marking a record high for two consecutive quarters. Operating profit increased 12.0% Q\/Q to \u00a546.4 billion due to increased sales and contributions from comprehensive improvements on cost structure and optimization of fixed cost through WPR4 program. EPS: \uffe5142.79 (basic and diluted) Upward revision &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/nidec-announces-financial-results-for-fiscal-third-quarter-and-nine-months-ended-december-31-2020\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Nidec Announces Financial Results for Fiscal Third Quarter and Nine Months Ended December 31, 2020&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-419878","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Nidec Announces Financial Results for Fiscal Third Quarter and Nine Months Ended December 31, 2020 - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/nidec-announces-financial-results-for-fiscal-third-quarter-and-nine-months-ended-december-31-2020\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Nidec Announces Financial Results for Fiscal Third Quarter and Nine Months Ended December 31, 2020 - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"KYOTO, Japan, Jan. 25, 2021 (GLOBE NEWSWIRE) &#8212; Nidec Corporation (TSE: 6594) (OTC US: NJDCY) today announced its consolidated financial results under the International Financial Reporting Standards (\u201cIFRS\u201d) for the period of April 1, 2020 through December 31, 2020. The highlights are as follows: Nine months net sales stood at record high \u00a51,185.0 billion, 2.2% higher Y\/Y. Nine months operating profit increased 24.0% Y\/Y to \u00a5115.5 billion. Q3 quarterly net sales increased 4.4% Q\/Q to \u00a5433.2 billion, marking a record high for two consecutive quarters. Operating profit increased 12.0% Q\/Q to \u00a546.4 billion due to increased sales and contributions from comprehensive improvements on cost structure and optimization of fixed cost through WPR4 program. EPS: \uffe5142.79 (basic and diluted) Upward revision &hellip; Continue reading &quot;Nidec Announces Financial Results for Fiscal Third Quarter and Nine Months Ended December 31, 2020&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/nidec-announces-financial-results-for-fiscal-third-quarter-and-nine-months-ended-december-31-2020\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2021-01-25T06:18:03+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODE0MDcxOSMzOTQyNTU1IzIwMjA0NDU=\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/nidec-announces-financial-results-for-fiscal-third-quarter-and-nine-months-ended-december-31-2020\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/nidec-announces-financial-results-for-fiscal-third-quarter-and-nine-months-ended-december-31-2020\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Nidec Announces Financial Results for Fiscal Third Quarter and Nine Months Ended December 31, 2020\",\"datePublished\":\"2021-01-25T06:18:03+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/nidec-announces-financial-results-for-fiscal-third-quarter-and-nine-months-ended-december-31-2020\\\/\"},\"wordCount\":386,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/nidec-announces-financial-results-for-fiscal-third-quarter-and-nine-months-ended-december-31-2020\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.globenewswire.com\\\/newsroom\\\/ti?nf=ODE0MDcxOSMzOTQyNTU1IzIwMjA0NDU=\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/nidec-announces-financial-results-for-fiscal-third-quarter-and-nine-months-ended-december-31-2020\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/nidec-announces-financial-results-for-fiscal-third-quarter-and-nine-months-ended-december-31-2020\\\/\",\"name\":\"Nidec Announces Financial Results for Fiscal Third Quarter and Nine Months Ended December 31, 2020 - 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