Nidec April-June financial results Operating income increase Sales decrease due to corona but cost reduction July 21 19:19
Nidec, a major electronic component manufacturer, closed its sales for automobile parts due to the spread of the new coronavirus infection in the three-month settlement of accounts from April to last month, but promoted cost reduction So operating income increased compared to the same period last year.
Nidec announced on the 21st, and the financial results for the three months from April to last month were 336.8 billion yen in sales, 6.6% lower than the same period last year, but operating income was 28.1 billion yen. It increased by 1.7%.
Due to the spread of the new coronavirus infection, we stopped operations at factories in the United States, and sales of parts for automobiles were halved compared with last year, but operating income increased due to cost reduction. ..
According to Nidec, the operation of overseas factories is on a recovery trend, and in China it is almost normal, and in the United States and Asia the occupancy rate has returned to 80% or more.
Chairman Shigenobu Nagamori, who held an online briefing, said, “I think we would have been in the red if we had not reviewed the cost structure, but as a result, we were able to secure a surplus. There is.”