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

Nidec FY ending Mar 2025 results

About 24% of Nidec's sales come from Group Company Business, with Motion and Energy Business Unit and Appliance, Commercial and Industrial Motor Business Unit making up much of the rest.

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%.

Revenue and profit pattern

Revenue and profit upProfit grew faster

Revenue +11.1% · profit +47.1%, calculated from disclosed figures.

Operating leverage: 4.24× (profit growth ÷ revenue growth)

What changed from last year

FY ending Mar 2024 → FY ending Mar 2025

Revenue: +11.1%¥2.35T → ¥2.61T
Gross profit: +7.9%¥497.2B → ¥536.4B
Operating income: +47.1%¥161.9B → ¥238.1B
Net income attributable to owners: +32.1%¥124.5B → ¥164.4B
Operating cash flow: -11.3%¥320.8B → ¥284.4B
Free cash flow: -29.5%¥192.3B → ¥135.6B

Results at a glance

Revenue grew +11.1% in the fiscal year ending March 2025, from ¥2.35T to ¥2.61T.
Profit grew faster: operating income rose +47.1% to ¥238.1B, and net income attributable to owners rose +32.1% to ¥164.4B.
Cash generation went the other way. Operating cash flow fell -11.3% to ¥284.4B, and free cash flow dropped -29.5% to ¥135.6B.

What drove the change

Demand for hard-drive motors came back, led by nearline drives for data centers, and sales of water-cooling modules for AI data centers grew
The energy business expanded, with more orders for backup generators at data centers and battery energy storage systems
Profit also benefited from a one-off gain when Nidec PSA emotors became a subsidiary, and from the absence of last year's restructuring charge in the EV traction motor business

Things to watch

The company rates both M&A risk and product quality risk at its highest level, "critical"
Risk from shifts in technology and industry structure is rated "high" and has increased from the prior year
The car business faces a weak European market and fierce price competition in China's EV motor market

Annual Securities Report, 52nd term (Apr 2024 – Mar 2025) / 経営者による財政状態、経営成績及びキャッシュ・フローの状況の分析 · Annual Securities Report, 52nd term (Apr 2024 – Mar 2025) / 事業等のリスク

Where the money goes

FY ending Mar 2024 → FY ending Mar 2025

Where ¥100 of sales goes

For every ¥100 Nidec sells, how much goes where, and how much is kept.

FY ending Mar 2025

Cost of sales: ¥80
SG&A: ¥8
Other costs: ¥3
Operating profit: ¥9
Net profit kept: ¥6

Annual margin trends

Gross margin20.6%

Operating margin9.1%

Net margin6.3%

Aligned fiscal years compare the shares of revenue remaining as gross, core, and net profit. Missing years are left unconnected.

Which businesses earn the money

Revenue by business segment, and the profit each one keeps.

FY ending Mar 2025

Group Company Business¥618.3B
24%
Op. margin 14.2%Industry: Electronic Components
Motion and Energy Business Unit¥573.9B
22%
Op. margin 12.3%Industry: Electrical Equipment
Appliance, Commercial and Industrial Motor Business Unit¥462.3B
18%
Op. margin 8.8%Industry: Electronic Components
Small Precision Motor and Solutions Business Unit¥391.3B
15%
Op. margin 10.5%Industry: Electronic Components
Automotive Motor and Electronic Control Business Unit¥348.7B
13%
Op. margin -0.9%Industry: Auto Parts
Nidec Machinery and Automation¥213.4B
8%
Op. margin 8.4%Industry: Machine Tools

Profit by segment

※ Segment figures include inter-segment sales and do not sum to the company total

Sources

Show source documents (6)

EDINET (FSA Japan)
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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