Nidec, a major electronic component manufacturer, announced that its final profit for the year is expected to exceed the initial forecast and reach a record high of 148 billion yen.
The main factor was strong sales of motors for home appliances with improved energy-saving performance against the backdrop of the global decarbonization trend.
According to the half-year financial results of the entire group up to last month announced by Nidec, sales increased by 21.1% from the same period of the previous year to 910.6 billion yen, the highest for this period.
The final profit increased by 38.6% to 67.6 billion yen.
This is mainly due to strong sales of motors with improved energy-saving performance for home appliances and industrial equipment against the backdrop of the global trend of decarbonization, and an increase in orders for products for EV = electric vehicles. It is a factor.
For this reason, we have revised our business outlook for the current fiscal year upward, and we expect that the final profit will increase by 21.4% from the previous year to a record high of 148 billion yen.
Chairman Shigenobu Nagamori said at an online press conference, "Motors for EVs are steadily expanding their business partners. Development of small EVs of 1 million yen or less is progressing at a rapid pace, mainly in China, so prices will be increased in the future. It will be a competition. "