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    Shoji SatoMorgan Stanley

    Shoji Sato's questions to Nidec Corp (NJDCY) leadership

    Shoji Sato's questions to Nidec Corp (NJDCY) leadership • Q4 2025

    Question

    Shoji Sato sought to confirm several figures, including whether the 2027 plan is purely organic, the sales and profit figures for the data center business in FY24 and its FY25 forecast, and details on FY24 structural reform costs.

    Answer

    An unnamed executive confirmed the 2027 plan is for organic growth. He stated data center-related sales were JPY 17.4 billion in FY24 and the goal for FY25 is to exceed JPY 50 billion. He also clarified the FY24 structural reform costs, which included approximately JPY 6 billion in Europe and JPY 3 billion in the automotive business, and noted the PSA consolidation contributed about JPY 65 billion in sales and JPY 4 billion in operating profit.

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