Nidec Earnings Forecast Targets JPY 200 Billion Profit

Fiscal 2027 Earnings Forecast

Nidec earnings forecast for the fiscal year ending March 31, 2027 calls for revenue of JPY 2,800 billion, up 3.4% from the previous year. The company expects operating profit to reach JPY 200 billion, while profit before tax is forecast at JPY 180 billion and net profit attributable to owners of the parent is projected at JPY 100 billion. The outlook indicates a return to profitability after a sharply loss-making fiscal year ended March 2026. The forecast from Nidec Corporation also uses assumed exchange rates of JPY 150 per US dollar and JPY 180 per euro.

Fiscal 2026 Losses Provide Earnings Context

The forecast represents a significant change from the fiscal year ended March 2026, when Nidec Corporation recorded approximately JPY 632.2 billion in impairment losses on non-financial assets across the group. Those charges contributed to an operating loss of JPY 518.978 billion and a net loss attributable to owners of the parent of JPY 564.624 billion. Against that financial backdrop, the company expects both operating profit and net profit to return to positive territory in the fiscal year ending March 2027. The forecast therefore establishes a substantially different earnings profile compared with the preceding fiscal year.

Key Fiscal 2027 Financial Forecasts

The fiscal 2027 outlook from Nidec Corporation includes separate forecasts for revenue, operating profit, profit before tax, and net profit attributable to owners of the parent. Revenue is expected to increase 3.4% year over year to JPY 2,800 billion, while operating profit is projected at JPY 200 billion. Profit before tax is forecast at JPY 180 billion, and net profit attributable to owners of the parent is expected to reach JPY 100 billion. The company has also stated that interim and year-end dividends for the fiscal year ending March 2027 remain undecided.

Foreign Exchange Assumptions

The earnings outlook is based on specific foreign-exchange assumptions that form part of the company's forecast framework. Nidec Corporation assumes an exchange rate of JPY 150 to the US dollar and JPY 180 to the euro for the fiscal year ending March 2027. These assumptions provide the stated basis for the company's projected revenue and profitability figures. Because the forecast is presented using these exchange-rate assumptions, changes in currency conditions could affect the relationship between reported financial results and the underlying forecast. Dividend decisions for the same fiscal year remain undecided.

Fiscal 2026 Results Versus Fiscal 2027 Forecast

The projected fiscal 2027 figures place the next reporting period against a substantially weaker fiscal 2026 financial outcome. The company reported approximately JPY 632.2 billion in impairment losses on non-financial assets across the group for the fiscal year ended March 2026, alongside an operating loss of JPY 518.978 billion and a net loss attributable to owners of the parent of JPY 564.624 billion. For fiscal 2027, the company instead forecasts positive operating profit, profit before tax, and net profit. The comparison highlights the scale of the expected change in reported profitability between the two fiscal years.

Nidec Fiscal 2026 Results and Fiscal 2027 Forecast

The following figures summarize the key reported fiscal 2026 results and the company's fiscal 2027 forecast, including revenue, impairment losses, operating profit, profit before tax, and net profit attributable to owners of the parent.

Industry Impact & Outlook

Nidec's fiscal 2027 forecast matters because it establishes a defined profitability recovery target following substantial impairment losses and negative earnings in fiscal 2026. The projected return to operating and net profitability gives stakeholders measurable benchmarks for assessing the company's financial recovery during the next fiscal year. The JPY 2,800 billion revenue target and specified foreign-exchange assumptions also provide important reference points for evaluating reported performance when fiscal 2027 results become available. With interim and year-end dividends still undecided, the earnings outlook currently leaves distribution policy unresolved while placing greater focus on the company's ability to deliver the forecast operating and net profit figures.

Frequently Asked Questions

What is Nidec's forecast for fiscal 2027?
Nidec expects revenue to increase 3.4% year over year to JPY 2,800 billion for the fiscal year ending March 31, 2027, alongside a return to operating and net profitability. The company forecasts operating profit of JPY 200 billion, profit before tax of JPY 180 billion, and net profit attributable to owners of the parent of JPY 100 billion. The forecast uses exchange-rate assumptions of JPY 150 to the US dollar and JPY 180 to the euro. Interim and year-end dividends for fiscal 2027 remain undecided.