Nidec Corporation
Transformation Toward Recovery
Following impairment charges and restated FY2025 results, the new management team will drive structural reforms in FY2026. FY2026 sales are in the 2.6 trillion yen range, operating income approximately 120 billion yen, and adjusted total equity for the full year falls to the 3 trillion yen range. FY2027 forecasts sales of 2.8 trillion yen and operating income of about 180 billion yen. Major impairments were recorded for ACIM, NPe, NMOJ, etc.
Key Figures
- Net sales (Restated FY25) 27,087 hundred million yen
- Operating income (FY25) -5,190 hundred million yen
- Total impairment amount 6,321 hundred million yen
AI要約
Performance Overview
This document presents the restatement and correction of FY2025 results and the mid-term plan under the new management team. Net sales were 2,708.7 billion yen (FY25), an improvement compared with prior years, but operating income turned negative due to substantial impairment charges. Adjusted total equity declined significantly; the company will strengthen capital policies focused on ROIC and accelerate structural reforms. The new management emphasizes uncompromising structural reform and improving capital returns.
Outlook and Key Drivers
FY2026 is expected to show steady performance, with sales in the 2.8 trillion yen class for both the first half and full year, and operating income of approximately 120 billion yen. However, due to the aftereffects of impairments and structural reform costs, short-term improvements in profitability are expected to take time. The new management plans uncompromising structural reforms, improvement of capital efficiency (ROIC), and restoration of the financial base, reallocating resources to growth areas such as data center demand.
Nidec Corporation
Company overview · Stock price · Financial data · All IR
