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    6594   JP3734800000

NIDEC CORPORATION

(6594)
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End-of-day quote. End-of-day quote Japan Exchange - 12/06
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Nidec : Presentation Material (Fiscal Year Ended March 31, 2021)

04/22/2021 | 02:34am EST

TSE: 6594 OTC US: NJDCY https://www.nidec.com/en/

Nidec Corporation

Fiscal 2020 Financial Results

Fiscal Year Ended March 31, 2021

April 22, 2021

Disclaimer Regarding Forward-looking Statements

These presentation materials and the related discussions contain forward-looking statements including expectations, estimates, projections, plans and strategies. Such forward-looking statements are based on management's targets, assumptions and beliefs in light of the information currently available. Certain risks, uncertainties and other factors could cause actual results to differ materially from those discussed in the forward-looking statements. Such risks and uncertainties include, but are not limited to, changes in customer circumstances and demand, exchange rate fluctuations, and the Nidec Group's ability to design, develop, mass produce and win acceptance of its products and to acquire and successfully integrate companies with complementary technologies and product lines. Please see other disclosure documents filed or published by the Nidec Group companies, including the Japanese securities report, for additional information regarding such risks and uncertainties. Nidec undertakes no obligation to update the forward-looking statements unless required by law.

The first slide features WALKCAR, a "portable car," which Cocoa Motors. Inc. develops, manufactures and sells, and an in -wheel motor

installed in the WALKCAR. The in-wheel motor is manufactured by Nidec Servo Corporation.

https://www.nidec.com/en/technology/casestudy/compact-in-wheel-motor/

2

Consolidated Profit/Loss

*Adjusted based on the 2-for-1 split implemented as of April 1, 2020. "EPS" and "Dividends" are expressed assuming that the stock split occurred at the beginning of FY2019.

Millions of Yen, except

FY2021

for percentages, EPS,

FY2019

FY2020

Change

Forecast

dividends and FX rates

Net sales

1,534,800

1,618,064

+5.4%

1,700,000

Operating profit

108,558

160,011

+47.4%

180,000

Operating profit ratio

7.1%

9.9%

-

10.6%

Profit before

105,160

152,978

+45.5%

175,000

income taxes

Profit attributable to

58,459

121,977

+108.7%

140,000

owners of the parent

EPS (Yen)

99.37

208.25

+109.6%

239.02

Dividends (Yen)

57.5

60.0

-

60.0

FX rate (Yen/US$)

Average:

108.74

106.06

-2.5%

Yen/US$: 105

Term end:

108.83

110.71

+1.7%

Yen/Euro: 117

Note: Based on the current forecast of sales volume, every one yen appreciation or depreciation against the U.S. dollar and t he euro

for FY2021 is estimated to have

3

an annualized impact of 10.0 billion yen and 1.9 billion yen on net sales, respectively, and 1.1 billion yen and 0.4 billion yen on operating profit, respectively.

Summary of FY2020

  • 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-digitoperating 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.

4

Year-on-Year Changes (Twelve Months Ended Mar. 31, 2021)

(Billions of Yen)

+24.4

+24.9

+50.7

+1.9

+0.1

1,618.1

1,534.8

-18.8

FY19

Exchange

Small Precision

Automotive

Appliance,

Machinery

Electronic

FY20

Rate

Motors

Products

Commercial

and Optical

and Industrial

Components

Products

and Others

+4.7

(Billions of Yen)

+3.2

+21.4

+5.5

+19.4

0.5

-1.4

160.0

-1.8

108.6

FY19

Exchange

Structural

Small Precision Automotive

Appliance,

Machinery

Electronic

Eliminations/ FY20

Rate

Reform

Motors

Products

Commercial

and Optical

Corporate

Expenses

and Industrial

Components

5

Products

and Others

Quarter-on-Quarter Changes (Three Months Ended Mar. 31, 2021)

(Billions of Yen)

+7.4

+13.8

+1.7

-14.9

-1.3

-6.8

433.2

433.1

Q3/FY20

Exchange

Small Precision

Automotive

Appliance,

Machinery

Electronic

Q4/FY20

Rate

Motors

Products

Commercial

and Optical

and Industrial

Components

Products

+1.9

and Others

(Billions of Yen)

+1.0

+1.4

-4.3

-0.1

-0.6

-0.2

-0.9

46.4

44.5

Q3/FY20

Exchange

Structural

Small Precision

Automotive

Appliance,

Machinery

Electronic

Eliminations/

Q4/FY20

Commercial

and Optical

Rate

Reform

Motors

Products

Corporate

and Industrial

Components

6

Expenses

Products

and Others

Consolidated Cash Flow

(Billions of Yen)

Operating CF

Investment CF M&A

Investment CF Excluding M&A

Free CF

300

175.6

170.2

219.2

200

168.0

147.7

129.9

118.6

100

52.3

61.7

0

9.4

-100

-81.6

-143.5

-200

-300

-400

FY15

FY16

FY17

FY18

FY19

FY20

Record high

operating CF and

free CF

7

CAPEX, Depreciation, R&D

(Billions of Yen)

CAPEX

Depreciation

R&D

132.9

130.0

88.9

87.7

96.8

95.0

85.0

78.6

67.3

FY19

FY20

FY21

FY19

FY20

FY21

FY19

FY20

FY21

(Forecast)

(Forecast)

(Forecast)

Continue to invest

actively in CAPEX and R&D to support long- term growth

8

FY2021 Forecast

Millions of Yen, except for

1H/FY2021

2H/FY2021

Full-Year

EPS, dividends and FX rate

Net sales

800,000

900,000

1,700,000

Operating profit

80,000

100,000

180,000

Operating profit ratio

10.0%

11.1%

10.6%

Profit before income taxes

78,000

97,000

175,000

Profit attributable to

60,000

80,000

140,000

owners of the parent

EPS (Yen)

102.44

136.58

239.02

Dividends (Yen)

30.00

30.00

60.00

FX Rate (Yen/US$)

105

105

105

FX Rate (Yen/Euro)

117

117

117

9

Mid-Term Strategic Goal

From Vision2020

to Vision2025

10

This is an excerpt of the original content. To continue reading it, access the original document here.

Disclaimer

Nidec Corporation published this content on 22 April 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 22 April 2021 06:33:02 UTC.


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Sales 2022 1 831 B 16 102 M 16 102 M
Net income 2022 149 B 1 314 M 1 314 M
Net Debt 2022 301 B 2 645 M 2 645 M
P/E ratio 2022 50,3x
Yield 2022 0,50%
Capitalization 7 520 B 66 278 M 66 131 M
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Nbr of Employees 112 551
Free-Float 84,5%
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Technical analysis trends NIDEC CORPORATION
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Income Statement Evolution
Consensus
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Mean consensus BUY
Number of Analysts 19
Last Close Price 12 865,00 JPY
Average target price 15 011,11 JPY
Spread / Average Target 16,7%
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Shigenobu Nagamori Chairman & Chief Executive Officer
Jun Seki Executive President, COO & Representative Director
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