Nidec Corporation · TSE:6594
Nidec — Q3 2023 Earnings Presentation
15 slides from Nidec's earnings presentation, Jan 25, 2024
Slide 1: Third Quarter Fiscal 2023 Results
TSE: 6594 OTC US: NJDCY https://www.nidec.com/en/ Nidec Corporation Third Quarter Fiscal 2023 Results Three and Nine Months Ended December 31, 2023 <IFRS> A precision reducer, KINEX, which can be installed in joints of mid- and large-size multi-joint robots Disclaimer Regarding Forward-looking State
Slide 2: Summary of Q3 FY2023 and Consolidated Profit/Loss
Summary of Q3 FY2023 Record-high nine months financial results Nine months consolidated net sales, operating profit, profit before income taxes and profit attributable to owners of the parent stood at record highs. Strategic shift to restart Battery EV related business We expect that structural
Slide 3: Product Group Overview; Promoting Cash Flow Management
Product Group Overview *Please refer to Notes on Page 24. Small Precision Motors Automotive Products (Billions of Yen) Sales Operating profit 152.0 (Billions of Yen) Sales Operating profit 144.6 140.9 140.4 137.6 115.2 125.1 111.1 107.5 111.3 112.0 113.3 91.6 95.8 13.0 11.0 13.0 11.6% 11.0 6.0 9.9%
Slide 4: Restart in Battery EV Related Business in FY2024
Restart in Battery EV Related Business in FY2024 This slide includes forward-looking statements. See Disclaimer on Page 2. Profitability bottoms out in Q4 FY2023. FY2024 is expected to see improved profitability. <Profitability Improvement Plan of Battery EV Related Business> (Sales: Billions of Ye
Slide 5: Expanding Manufacturing Footprint in India and Africa
Expanding Manufacturing Footprint in India and Africa This slide includes forward-looking statements. See Disclaimer on Page 2. Intensive investment in India and Africa to respond to increasing demand Planning to start production in Africa in 2025 Small Precision Motors 1.Neemrana Factory 4. Hu
Slide 6: Quarter-on-Quarter Changes; Revision to FY2023 Annual Earnings Forecasts
Quarter-on-Quarter Changes (Three Months Ended Dec. 2023) <Net Sales> +10.8 +5.1 (Billions of Yen) -1.5 -8.6 -4.7 -1.6 594.0 594.6 Jul-Sep/FY23 Exchange Small Precision Automotive Appliance, Machinery Electronic Oct-Dec/FY23 Rate Motors Products Commercial and Optical and Industrial Components <Ope
Slide 7: Mid-Term Strategic Goal
Mid-Term Strategic Goal 13 Mid- to Long-Term Growth Target Sales and operating profit (FY2030) ¥10T sales targeted Net sales (FY2022) (FY2025) ¥2T sales ¥4T sales Operating profit achieved targeted Increase sales and (FY2014) profit through organic ¥1T sales achieved growth and M&As with a focus o
Slide 8: Mid-Term Strategic Goals Vision2025
Mid-Term Strategic GoalsVision2025 This slide includes forward-looking statements. See Disclaimer on Page 2. FY2025 4 trillion yen sales: Net sales: 4 trillion yen (Target) 3T yen (operating profit ratio of 15%) + 1T yen through M&A (Operating profit ratio) Breakdown of ¥4 trillion sales target (Tr
Slide 9: Small Precision Motors: Quarterly Results; Automotive Strategy for High Growth
Small Precision Motors: Quarterly Results Preparing for mid-term growth while implementing WPR-X for short-term recovery 68 66 61 HDD shipments (TAM*, Million units) 53 45 39 36 33 31 29 29 (Sales: Millions of Yen) (Operating profit ratio: %) 200,000 Sales of Other Small Motors (LHS) 25% Sales of H
Slide 10: Automotive: Quarterly Results; Appliance, Commercial and Industrial Strategy
Automotive: Quarterly Results Targeting a V-shaped recovery in FY23 after posting large structural reform expenses in the second half of FY22 <Quarterly net sales> <Quarterly operating profit and operating profit ratio> (Sales: Millions of Yen) Auto Auto (Existing business) * (Operating profit: <Au
Slide 11: Appliance, Commercial and Industrial: Quarterly Results
Appliance, Commercial and Industrial: Quarterly Results Profitability of overseas subsidiaries improved with a tailwind from generator and green energy markets <Quarterly net sales> <Quarterly operating profit and operating profit ratio> Appliance, Commercial and Industrial Products <Appliance, Com
Slide 12: Other Product Groups: Quarterly Results
Other Product Groups: Quarterly Results Aiming to improve profitability in FY23 after posting structural reform expenses in Q4/FY22 Sales of Machinery (LHS) Sales of Electronic & Optical Components (LHS) Sales of Others (LHS) Operating profit ratio of other product group (RHS) (Sales: Millions of Y
Slide 13: Appendix: Performance Trends & Product Group Overview
Appendix Performance Trends & Product Group Overview 25 New 5 Big Waves in a Post-Pandemic World Nidec’s business solutions that solve the common problems of humankind Traction motor Vapor chamber Heat pipe eVTOL Traction motor system (electric Vertical Take-Off （E-Axle） Landing vehicles) Fan 5G &
Slide 14: Sales by Product Group (Apr-Dec FY2023)
Sales by Product Group (Apr-Dec FY2023) Music box products, Services 0.2% (0.2%) Others Parenthetic percentages represent FY2022 mix Electronic & Optical Components Small Precision Motors Switches, sensors, lens units and camera shutters 3.6% 18.2% (3.8%) (19.6%) Machinery 12.4% HDD Motors (13.1%)
Slide 15: Automotive: Sales of Vehicles with Nidec's E-Axle; Financial Highlights
Automotive: Sales of Vehicles with Nidec’s E-Axle Sales of vehicles using our E-Axle grew 90% in FY20, 140% in FY21 and 138% in FY22 YoY (Units) <Auto sales of cars adopting Nidec’s E-Axle> (Source: Marklines) 75,000 Aion S Aion LX Aion V Aion Y Hyper GT iA5 HYCAN007 Zeekr001 Geometry A Geometry C