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    6594   JP3734800000

NIDEC CORPORATION

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Nidec : Presentation materials

07/21/2021 | 03:27am EDT

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

Nidec Corporation

First Quarter Fiscal 2021 Results

Three Months Ended June 30, 2021

July 21, 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 Nidec's Traction Motor System, E-Axle 100kW Model adopted in GAC Aion's new EV, Aion Y.

2

Consolidated Profit/Loss

This slide includes forward-looking statements. See Disclaimer on Page 2.

Millions of Yen, except

FY2021

for percentages, EPS,

Q1/FY2020

Q1/FY2021

Change

Forecast

and FX rates

Net sales

336,876

447,470

+32.8%

1,700,000

Operating profit

27,793

44,555

+60.3%

180,000

Operating profit ratio

8.3%

10.0%

-

10.6%

Profit before

27,410

43,752

+59.6%

175,000

income taxes

Profit attributable to

20,058

33,451

+66.8%

140,000

owners of the parent

EPS (Yen)

34.24

57.14

+66.9%

239.02

FX rate (Yen/US$)

Assumed for Q2 onward:

Average:

107.62

109.49

+1.7%

Yen/US$: 105

Term end:

107.74

110.58

+2.6%

Yen/Euro: 117

Note: Based on the current forecast of sales volume, every one yen appreciation or depreciation against the U.S. dollar and the euro for FY2021 is estimated to have

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.

3

Summary of Q1 FY2021

  • Net sales stood at a record high of ¥447.5 billion, 32.8% higher Y/Y. Operating profit significantly increased 60.3% Y/Y to ¥44.6 billion.
  • Q1 quarterly operating profit ratio was 10.0% due to enhanced profitability through WPR4 program implemented since FY20, and sales recovery. Double-digitoperating profit ratio was successfully maintained for four consecutive quarters.
  • Profit attributable to owners of the parent increased 66.8% Y/Y to ¥33.5 billion.

4

Year-on-YearChanges (Three Months Ended June 30, 2021)

(Billions of Yen)

+56.1

+7.5

+1.7

+17.0

+35.8

447.5

-7.5

336.9

Q1/FY20

Exchange

Small Precision

Automotive

Appliance,

Machinery

Electronic

Q1/FY21

Rate

Motors

Products

Commercial

and Optical

and Industrial

Components

Products

and Others

(Billions of Yen)

+9.8

+2.8

+0.4

-0.3

+1.0

1.7

+4.7

44.6

-3.3

27.8

Q1/FY20

Exchange

Structural

Small Precision

Automotive

Appliance,

Machinery

Electronic

Eliminations/

Q1/FY21

Rate

Reform

Motors

Products

Commercial

and Optical

Corporate

Expenses

and Industrial

Components

5

Products

and Others

Quarter-on-QuarterChanges (Three Months Ended June 30, 2021)

(Billions of Yen)

+12.8

+8.3

+4.8

+0.9

-5.5

-6.9

433.1

447.5

Q4/FY20

Exchange

Small Precision

Automotive

Appliance,

Machinery

Electronic

Q1/FY21

Rate

Motors

Products

Commercial

and Optical

and Industrial

Components

Products

and Others

+2.0

(Billions of Yen)

+1.5

+0.5

+0.4

+2.0

-4.6

+1.4

44.5

-3.0

44.6

Q4/FY20

Exchange

Structural

Small Precision

Automotive

Appliance,

Machinery

Electronic

Eliminations/

Q1/FY21

Rate

Reform

Motors

Products

Commercial

and Optical

Corporate

Expenses

and Industrial

Components

6

Products

and Others

Small Precision Motor: Quarterly Results

Implementing business portfolio transformation amid HDD motor market structural change

83

which will lead mid-term growth>

78

78

HDD shipments (TAM*, Million units)

68

67

(Operating

64

63

64

profit ratio: %)

59

Mobility

Mini EV

(Sales:

Motors for

(Output: Under roughly 30kW )

Millions of Yen)

Sales of Other Small Motors (LHS)

E-bicycle

Traction motors for Mini EV

Sales of HDD Motors (LHS)

E-scooter

Operating profit ratio of Small Precision Motors (RHS)

Electric motorcycle, etc.

150,000

13.7%

15.8%

15.6%

15.2%

12.1%

20.0%

13.0%

13.5%

10.0%

E-bicycle

E-scooter

Mini EV

9.7%

5.1%

100,000

0.0%

5G/Smart phone

E-commerce/Robot

72,198

75,551

71,881

84,279

Thermal solutions

Drone

69,998

67,375

49,301

76,034

Image stabilization

78,269

Autonomous delivery

Base station

50,000

robot

47,163

Thermal management

38,008

39,606

39,571

40,055

37,043

32,211

module

27,612

23,037

0

Image stabilization

Drone

Q1

Q2

Q3

Q4

Q1

Q2

Q3

Q4

Q1

5G antenna/base station

FY2019

FY2020

FY2021

*TAM: Total Addressable Market

7

Automotive: Quarterly Results

Automotive existing business kept double-digit operating profit ratio

for four consecutive quarters after bottoming out in Q1 FY20

(Sales: Millions of Yen)

*

(Operating profit:

*

Auto

Auto (Existing business)

Millions of Yen)

(Operating profit ratio: %)

120,000

92,338

106,873 102,067

97,747

100,000

92,189

90,220

80,000

75,488

75,344

60,000

56,797

40,000

20,000

0

Q1

Q2

Q3

Q4

Q1

Q2

Q3

Q4

Q1

FY2019

FY2020

FY2021

Operating profit (LHS)

Operating profit (LHS)

Operating profit ratio (RHS)

Operating profit ratio (RHS)

12,000

13.5%

12.6%

16%

11.6%

12.4%

12.2% 11.6%

10.5%

9,000

12%

8.4%

7.0%

6,000

8%

9.0%

9.0%

3,000

7.2%

7.3%

4%

5.0%

4.7%

3.6%

-0.5%

5.0%

0

0%

Q1

Q2

Q3

Q4

Q1

Q2

Q3

Q4

Q1

FY2019

FY2020

FY2021

*Existing business: Excluding impact of traction motor related business and Nidec Mobility's business from Auto business

8

Automotive: Sales of Vehicles with Nidec's E-Axle

The cumulative number of vehicles using our E-Axle (traction motor system) reached 161K units

E-Axle>

New!

(Source: MarkLines)

(Geely Automobile)

(Units)

Aion S

Aion LX

Aion V

Aion Y

iA5

HYCAN007

Geometry A

Geometry C

EA6

12,000

10,000

8,000

6,000

4,000

2,000

0

Apr May June July Aug Sep Oct Nov Dec Jan

Feb Mar Apr May June July Aug Sep Oct Nov Dec Jan

Feb Mar Apr May June

FY19

FY20

FY21

9

Appliance, Commercial & Industrial: Quarterly Results

Operating profit ratio steadily improved after bottoming out in Q4 FY19

Record

high

quarterly

<_appliance2c_>

(included in the

operating

and Industrial Products>

Appliance, Commercial

profit

Record high

and Industrial Products)>

Appliance, Commercial and Industrial Products

quarterly

(Operating profit ratio: %)

(Sales: Millions of Yen)

Overseas subsidiaries

net sales

Operating profit (LHS)

Operating profit (LHS)

(included in the Appliance, Commercial and Industrial Products)

(Operating profit:

Operating profit ratio (RHS)

Operating profit ratio (RHS)

186,432

Millions of Yen)

200,000

172,312

20,000

16%

147,571

147,000

145,024

148,238

155,965

9.8%

10.5%

150,000

15,000

125,096

9.1%

12%

123,009

8.8%

9.9%

7.1%

6.7%

7.2%

10,000

8.0%

8.2%

8.9%

8%

100,000

5.8%

4.7%

5.9%

5.3%

5.4%

50,000

5,000

4.4%

4.0%

4%

0

0%

0

Q1

Q2

Q3

Q4

Q1

Q2

Q3

Q4

Q1

Q1

Q2

Q3

Q4

Q1

Q2

Q3

Q4

Q1

FY19

FY20

FY21

FY19

FY20

FY21

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 21 July 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 21 July 2021 07:24:47 UTC.


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Sales 2022 1 805 B 16 442 M 16 442 M
Net income 2022 152 B 1 380 M 1 380 M
Net Debt 2022 344 B 3 129 M 3 129 M
P/E ratio 2022 50,1x
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Nbr of Employees 112 551
Free-Float 84,5%
Chart NIDEC CORPORATION
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Nidec Corporation Technical Analysis Chart | 6594 | JP3734800000 | MarketScreener
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 12 960,00 JPY
Average target price 15 216,67 JPY
Spread / Average Target 17,4%
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Shigenobu Nagamori Chairman & Chief Executive Officer
Jun Seki Executive President, COO & Representative Director
Takayuki Sakurai Co-Chief Financial Officer & Executive Officer
Hidetoshi Yokota Co-CFO, Head-Investor Relations & Accounting
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