• Nidec average pre-tax profit margin for 2023 was 6.16%, a 32.9% decline from 2022.
• Nidec average pre-tax profit margin for 2022 was 9.18%, a 4.67% decline from 2021.
• Nidec average pre-tax profit margin for 2021 was 9.63%, a 33.75% decline from 2020.

Pre-tax profit margin can be defined as earnings before taxes as a portion of total revenue.