Nidec Corp. reported record financial results for the fiscal year ended March 31, with profits soaring as the company capitalized on growing demand for energy products and AI-related cooling solutions.
The Kyoto-based motor manufacturer saw operating profit jump 48.4% to ¥240.2 billion ($1.61 billion) while net sales increased 11.1% to ¥2.61 trillion. Profit attributable to owners surged 34.7% to ¥167.7 billion.
The company benefited from sales recovery in spindle motors for hard disk drives and expansion in water-cooling modules for AI data centers. Its energy business, including generators and battery storage systems, also showed robust growth amid increasing infrastructure investments.
President Mitsuya Kishida unveiled a new strategic plan called “Conversion 2027,” targeting ¥2.9 trillion in sales and ¥350 billion in operating profit by fiscal 2027. The plan focuses on improving profitability through business restructuring, site consolidation, and workforce cuts.
Q4 results were particularly strong, with operating profit reaching a quarterly record of ¥65.4 billion on sales of ¥661.1 billion.
For fiscal 2025, Nidec forecasts stable sales of ¥2.6 trillion with operating profit rising to ¥260 billion as it pursues a 10% operating margin.
The company announced a year-end dividend of ¥20 per share following a two-for-one stock split last October.
