Nidec Corporation (OTCPK:NJDCY) Q1 2025 Earnings Conference Call July 24, 2025 4:00 AM ET
Company Participants
Akinobu Samura – SVP & CFO
Mitsuya Kishida – President, CEO & Representative Director
Teruaki Urago – General Manager of Investor Relations
Conference Call Participants
Teruaki Urago
Now we would like to start Nidec Corporation’s preliminary report on the performance values for Q1 of FY2025. First, we’d like to introduce ourselves. We have Mr. Mitsuya Kishida, the Representative Director, President and CEO of Nidec Corporation, and we have Mr. Akinobu Samura, who is the Chief Financial Officer of the company. I am Teruaki Urago from the IR Department. I’m today’s moderator here. I would like to have Mr. Samura first to give a presentation on the preliminary report, followed by Mr. Kishida’s presentation on the company’s corporate strategy. We would like to have a question-and-answer session after that. If you have any questions, please wait until then. We would like to finish this conference at 6:00 p.m. today.
Akinobu Samura
Thank you very much. This is Mr. Samura speaking. I’d like to give you an update on our financial results. First of all, I’d like to offer my apologies for the trouble caused by the additional investigation into the IRC country origin matter. Since we cannot give you the results of our performance the way we normally do, we decided to have this voluntary disclosure as the preliminary report on financial values, which is something that we would like to explain with notional remarks after that in this presentation material. I would really appreciate your understanding on this.
When it comes to our consolidated performance compared with the same time last fiscal year, we have had a relatively large fluctuation in currency exchange evaluation. And against the US dollar, the yen has been appreciated by 7.2% in the
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