NidecNIDEC CORPORATION6594東証プライム電気機器FY ending Mar 2025, consolidated, IFRS

Nidec revenue and profit

Out of every ¥100 of sales, about ¥9 is left as operating profit. Revenue changed +11.1% from the prior year, operating profit +47.1%.

Five-year trend

Revenue¥2.61T
FY ending Mar 2021: ¥1.62T¥1.62TFY ending Mar 2022: ¥1.92T¥1.92TFY ending Mar 2023: ¥2.23T¥2.23TFY ending Mar 2024: ¥2.35T¥2.35TFY ending Mar 2025: ¥2.61T¥2.61TFY21FY22FY23FY24FY25
Operating income¥238.1B
FY ending Mar 2021: ¥160B¥160BFY ending Mar 2022: ¥170.4B¥170.4BFY ending Mar 2023: ¥89.9B¥89.9BFY ending Mar 2024: ¥161.9B¥161.9BFY ending Mar 2025: ¥238.1B¥238.1BFY21FY22FY23FY24FY25
Operating margin9.1%
FY ending Mar 2021: 9.9%9.9%FY ending Mar 2022: 8.9%8.9%FY ending Mar 2023: 4.0%4.0%FY ending Mar 2024: 6.9%6.9%FY ending Mar 2025: 9.1%9.1%FY21FY22FY23FY24FY25

What drives ROE

Net margin × asset turnover = ROA; ROA × financial leverage = ROE

Net margin6.3%
Asset turnover0.81×
ROA5.1%
ROA5.1%
Financial leverage1.93×
ROE9.8%

Denominators: average assets and average equity. Derived from reported values; ROE is shown only for positive profit and equity.

Net margin6.3%
2021: 7.5%7.5%2022: 7.1%7.1%2023: 1.7%1.7%2024: 5.3%5.3%2025: 6.3%6.3%2122232425
Asset turnover0.81×
2021: 0.72×0.72×2022: 0.78×0.78×2023: 0.80×0.80×2024: 0.78×0.78×2025: 0.81×0.81×2122232425
ROA5.1%
2021: 5.4%5.4%2022: 5.5%5.5%2023: 1.3%1.3%2024: 4.1%4.1%2025: 5.1%5.1%2122232425
Financial leverage1.93×
2021: 2.06×2.06×2022: 2.07×2.07×2023: 2.10×2.10×2024: 2.02×2.02×2025: 1.93×1.93×2122232425
ROE9.8%
2021: 11.1%11.1%2022: 11.4%11.4%2023: 2.8%2.8%2024: 8.4%8.4%2025: 9.8%9.8%2122232425
PeriodNet marginAsset turnoverROAFinancial leverageROE
20217.5%0.72×5.4%2.06×11.1%
20227.1%0.78×5.5%2.07×11.4%
20231.7%0.80×1.3%2.10×2.8%
20245.3%0.78×4.1%2.02×8.4%
20256.3%0.81×5.1%1.93×9.8%

Financial leverage can raise ROE; a higher value alone does not describe a company's overall condition.

Asset intensity and goodwill

Annual trends in tangible-asset ratios and goodwill balance.

PPE ÷ revenue35.7%
2020: 41.3%41.3%2021: 41.0%41.0%2022: 39.9%39.9%2023: 37.5%37.5%2024: 37.3%37.3%2025: 35.7%35.7%202122232425
PPE ÷ total assets28.1%
2020: 29.9%29.9%2021: 29.4%29.4%2022: 28.5%28.5%2023: 29.2%29.2%2024: 27.7%27.7%2025: 28.1%28.1%202122232425
Goodwill ÷ parent equity23.7%
2020: 32.8%32.8%2021: 29.2%29.2%2022: 26.3%26.3%2023: 26.9%26.9%2024: 24.2%24.2%2025: 23.7%23.7%202122232425
Goodwill balance¥407.1B
2020: ¥310.5B¥310.5B2021: ¥319.9B¥319.9B2022: ¥339.9B¥339.9B2023: ¥362.4B¥362.4B2024: ¥394.5B¥394.5B2025: ¥407.1B¥407.1B202122232425

Ratios are derived from reported values. Goodwill is shown only when separately reported; it is not inferred from combined intangible assets. Definition

Investment and working-capital efficiency

Track R&D investment and how long operating capital remains tied up before sales turn into cash.

R&D spending—
2020: ¥78.6B¥78.6B2021: ¥67.3B¥67.3B2022: ¥78B¥78B2023: ¥81.3B¥81.3B2024: ¥81.1B¥81.1B202122232425
R&D / revenue—
2020: 5.1%5.1%2021: 4.2%4.2%2022: 4.1%4.1%2023: 3.6%3.6%2024: 3.5%3.5%202122232425

R&D is shown only for years with machine-readable disclosure. Days are estimates using year-end receivables, inventory and payables divided by annual revenue or cost of sales; financial companies are excluded.

Income statement (JPY millions)

ItemFY ending Mar 2021FY ending Mar 2022FY ending Mar 2023FY ending Mar 2024FY ending Mar 2025
Revenue1,618,0641,918,1742,230,0272,347,1592,607,813
Cost of revenue1,251,5471,514,8451,826,9761,849,9972,071,392
Gross profit366,517403,329403,051497,162536,421
SG&A139,267154,940231,791254,251217,706
Operating income159,970170,37489,923161,856238,116
Pretax income152,937170,032110,435201,669233,309
Income tax30,12434,04972,75276,27472,437
Net income attributable to owners121,945135,75936,982124,455164,365
Operating margin9.9%8.9%4.0%6.9%9.1%

Balance sheet (reported items)

Year-end figures from filings. Unreported items are omitted. Interest-bearing debt excludes lease liabilities.

Assets

8%
Property, plant and equipment 28%
Intangibles and goodwill 12%
Other assets 52%

Funding

Other liabilities 47%
Equity 53%

Each bar totals 100% of assets; other is the residual.

ItemFY ending Mar 2021FY ending Mar 2022FY ending Mar 2023FY ending Mar 2024FY ending Mar 2025
Cash and equivalents¥219.5B¥199.7B¥186.1B¥217B¥246.2B
Total assets¥2.26T¥2.68T¥2.86T¥3.16T¥3.32T
Net assets¥1.11T¥1.32T¥1.37T¥1.66T¥1.74T
Share capital¥87.8B¥87.8B¥87.8B¥87.8B¥87.8B
Property, plant and equipment¥662.7B¥764.4B¥835.8B¥876.5B¥931.1B
Goodwill¥319.9B¥339.9B¥362.4B¥394.5B¥407.1B
Current assets¥1.02T¥1.29T¥1.37T¥1.54T¥1.62T
Total liabilities¥1.14T¥1.36T¥1.5T¥1.5T¥1.57T
Equity attributable to owners of parent¥1.1T¥1.29T¥1.35T¥1.63T¥1.72T
Retained earnings¥1.02T¥1.12T¥1.12T¥1.21T¥1.33T
Treasury stock-¥63.9B-¥121.3B-¥166.9B-¥167.9B-¥175.6B

Sources

Show source documents (6)
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    有価証券報告書-第52期(2024/04/01-2025/03/31)

    ID S100WRH72025-09-26Open
  • EDINET (FSA Japan)

    訂正有価証券報告書-第51期(2023/04/01-2024/03/31)

    ID S100TQEB2024-06-25Open
  • EDINET (FSA Japan)

    有価証券報告書-第50期(2022/04/01-2023/03/31)

    ID S100R0SZ2023-06-21Open
  • EDINET (FSA Japan)

    有価証券報告書-第49期(令和3年4月1日-令和4年3月31日)

    ID S100OA6Q2022-06-20Open
  • EDINET (FSA Japan)

    有価証券報告書-第48期(令和2年4月1日-令和3年3月31日)

    ID S100LMP52021-06-23Open
  • EDINET (FSA Japan)

    有価証券報告書-第47期(平成31年4月1日-令和2年3月31日)

    ID S100ISN02020-06-18Open

Extracted from XBRL: 44 / Derived from other figures: 1

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