Nidec Profit Drops 25% Amid Trade Investigation, Delayed Q1 Results

Nidec Announces Preliminary Report on Performance Values (First Quarter of Fiscal Year 2025)

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07/24/2025 - 02:46 AM

KYOTO, Japan--(BUSINESS WIRE)-- As announced today in the "Notice Regarding the Disclosure of the Financial Results for the First Quarter of the Fiscal Year Ending March 31, 2026, Exceeding 45 Days After the Quarter-End," the planned disclosure date for our First Quarter Performance Information for the Fiscal Year Ending March 2026 will be more than 45 days after the end of the quarter. However, we have determined that it is important to provide our investors and other stakeholders with our current preliminary performance information for the first quarter of the fiscal year ending March 2026, and therefore we are notifying you of these preliminary performance information as detailed below.
Please note that the preliminary values do not take into account the impact on the consolidated financial statements of the additional investigation currently ongoing regarding trade transaction issues and tariff issues at our consolidated subsidiaries.
We are currently conducting additional investigations, and depending on the results, we may have to revise our preliminary performance information for the first quarter of the fiscal year ending March 2026 due to the impact of additional expenses, etc. We sincerely apologize to all concerned parties for the inconvenience and concern caused.

Preliminary Performance Information for the Three Months Ended June 30, 2025 (April 1, 2025 to June 30, 2025)
(Yen in millions)
听	Net sales	Operating profit	Profit before income taxes	Profit attributable to owners of the parent
For the three months ended June 30, 2025 (Preliminary Report)	637,899	61,450	58,951	45,515
For the three months ended June 30, 2024 (Actual)	648,166	60,062	78,406	55,987
Ratio of change	-1.6%	2.3%	-24.8%	-18.7%
(Notes)
1. The above values do not take into account the impact on the consolidated financial statement of the ongoing additional investigations and may be revised following the results of the additional investigations and the audit by the accounting auditor for the fiscal year ended March 2025.
2. NIDEC finalized the provisional accounting treatment for the business combination in the year ended March 31, 2025. Consolidated financial statements for the year ended March 31, 2025 reflect the revision of the initially allocated amounts of acquisition cost as NIDEC finalized the provisional accounting treatment for the business combination.