Nidec Chairman "Effect of the new coronavirus lasts for 1 year" 19:55 April 30th
Shigenobu Nagamori, chairman of Nidec, a major electronic component manufacturer, showed at the 30th financial results briefing that the effects of the new coronavirus would last for at least a year, and indicated that he would work on reviews of the supply chain. .
Nidec announced on the 30th that the financial results for the fiscal year ended March were the highest ever with sales of 1,530 billion yen, but the final profit was due to the burden of investment in the development of motors for electric vehicles. Profit decreased by 45% to over 60 billion yen.
On the other hand, in the fiscal year ending March 31, next year, although the sales will decrease by 2%, the final profit is expected to increase by 66%.
Due to the spread of the new coronavirus, it has been forced to suspend operations for automobile parts at factories in the United States, which will affect sales.
On the other hand, we would like to improve our profitability by reassessing our supply chain and promoting “in-house production” by switching parts to in-house production.
Nidec Chairman Nagamori, who held an online briefing, said that the effect of the new coronavirus will last for at least a year, and "the longer the company survives, the more competitive the company will survive. It is also an opportunity to supply products, and I would like to seize this opportunity by giving top priority to human life, "he said.