Record High Net Sales and Operating Profit
Net sales increased by 11.5% to JPY1.946 trillion, and operating profit increased by 5.0% to JPY175.5 billion, both achieving record-high results.
Growing AI Server Demand
The demand for AI servers has been growing rapidly, contributing positively to the company's revenue.
Water Cooling System Business Expansion
The water cooling system business, including GPU and chipsets, is enjoying growing momentum, with expectations to become a JPY500 billion business in the future.
Profit in Chinese Traction Business
The traction business based in China has started generating profit from Q3, with expectations for continuing profits in Q4 and beyond.
Strong Order Intake in Machine Tool Segment
Machine tool segment has seen a 1.5x increase in order intake, with significant growth in China and the United States.
Participation in IOWN
Nidec decided to participate in the IOWN initiative to acquire technology necessary for their five business pillars.