# Nidec vs Panasonic

> Unit: JPY millions (ratios in %)
> Periods: Nidec = FY ending Mar 2025, consolidated, IFRS / Panasonic = FY ending Mar 2026, consolidated, IFRS
> Retrieved: 2026-09-30T19:07:40.172Z

| Metric | Nidec | Panasonic |
| --- | ---: | ---: |
| Revenue | 2,607,813 | 8,048,722 |
| Operating income | 238,116 | 236,407 |
| Net income | 164,365 | 189,540 |
| COGS ratio | 79.4% | 68.6% |
| Operating margin | 9.1% | 2.9% |
| Net margin | 6.3% | 2.4% |
| FCF margin | 5.2% | -0.9% |
| Period | FY ending Mar 2025 | FY ending Mar 2026 |
| Source | S100WRH7 | S100YETA |

## Five-axis industry profile

Each axis shows a rank within that company's primary industry, so peer groups may differ. Missing values are labeled unavailable; no combined score is calculated. Industry rank is not an investment recommendation.

| Axis | Nidec | Panasonic |
| --- | ---: | ---: |
| Revenue growth | 87.7 (53 peers) | 31.8 (11 peers) |
| Profitability | 70.5 (56 peers) | 46.4 (14 peers) |
| Cash conversion | 42.7 (48 peers) | 86.4 (11 peers) |
| Efficiency | 54.5 (56 peers) | 17.9 (14 peers) |
| Financial strength | — | — |

## Company details

- https://vizora.meequs.com/en/company/nidec/md
- https://vizora.meequs.com/en/company/panasonic-holdings/md

## Definitions

- Amounts are in millions of JPY (rounded). The period is stated in each table heading
- Operating margin = operating income ÷ revenue. Net income is attributable to owners of the parent when disclosed
- Free cash flow (FCF) = operating cash flow − capital expenditure
- ¥100 model = breakdown per ¥100 of revenue (rounded so parts sum to 100)
- Segment revenues include inter-segment sales and may not sum to consolidated revenue
- Source IDs are EDINET document IDs (docID). "算出" (derived) means computed from other disclosed values
- All figures are extracted mechanically from filings. AI-written text never generates figures
- Source: company filings submitted to EDINET (Financial Services Agency of Japan). Figures were extracted, edited and processed, and charts and text were created, by Vizora — not by the FSA (used under the Public Data License v1.0).