• Nidec average operating margin for 2023 was 4.99%, a 41.29% increase from 2022.
• Nidec average operating margin for 2022 was 8.5%, a 14.91% decline from 2021.
• Nidec average operating margin for 2021 was 9.99%, a 30.59% decline from 2020.

Operating margin can be defined as operating margin measurement of what proportion of a company's revenue is left over after paying for variable costs of production such as wages, raw materials, etc.