• Nidec average net profit margin for 2023 was 2.62%, a 63.66% increase from 2022.
• Nidec average net profit margin for 2022 was 7.21%, a 6.36% decline from 2021.
• Nidec average net profit margin for 2021 was 7.7%, a 51.57% decline from 2020.

Net profit margin can be defined as net Income as a portion of total sales revenue.