Nidec: 4FQ21 Financial Results
Sales of spindle motors for HDD down 20% Q/Q and 31% from FY21 to FY22
This is a Press Release edited by StorageNewsletter.com on April 22, 2022 at 2:02 pmNidec Corporation announced its financial results for FY21 ended March 31, 2022.
Global net sales stood at a record high of ¥1,918.2 billion, up 18.5% Y/Y.
Here are the figures for its spindle motors for HDD business only, representing 5.1% of total sales, following a huge decline of the HDD industry during 1CQ22:
| in ¥ million | FY21 | FY22 | Growth |
| Revenue | 144,029 | 98,783 | -31% |
| Operating results | 27,419 | 21,924 | -5% |
They decreased 31.4% to ¥98,783 million for FY21 compared to FY20 due to a decrease in the number of units sold.
They also were down 20.0% to ¥21,924 million for 4FQ21 compared to 3FQ21, once more mainly due to a decrease in the number of units sold.
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