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Nidec Announces Financial Results for Fiscal Year Ended March 31, 2014

Nidec Corporation

KYOTO, Japan, April 22, 2014 (GLOBE NEWSWIRE) -- Nidec Corporation (NYSE:NJ) today announced consolidated results under U.S. GAAP for the fiscal year ended March 31, 2014. The highlights are as follows:

  • Record-high full-year sales of 875.1 billion yen
  • Operating income up by near 4-fold to 85.1 billion yen y/y
  • Record-high operating income for "Automotive, Appliance, Commercial and Industrial Products"
  • Record-high income before tax and net income of 84.7 billion yen, and 56.4 billion yen, respectively
  • EPS (diluted): 193.96 yen
  • Year-end dividend: 55 yen (Annual dividend: 100 yen)

Consolidated Results of Operations
(unaudited) Yen in millions (except for per share amounts and percentages)
Year ended
March 31
Increase
(Decrease)
Three months ended
March 31
Increase
(Decrease)
2014 2013 % 2014 2013 %
(unaudited) (unaudited)
Net sales 875,109 709,270 23.4 228,384 186,060 22.7
Operating income 85,068 17,598 383.4 23,202 -25,428 --
Ratio of operating income to net sales 9.7% 2.5% -- 10.2% -13.7% --
Income before income taxes 84,664 13,398 531.9 22,139 -24,438 --
Ratio of income from continuing operations before income taxes to net sales 9.7% 1.9% -- 9.7% -13.1% --
Net income attributable to Nidec Corporation 56,404 7,986 606.3 13,351 -19,107 --
Ratio of net income attributable to Nidec Corporation to net sales 6.4% 1.1% -- 5.8% -10.3% --
Net income attributable to Nidec Corporation stockholders per share-basic 207.31 29.64 -- 48.41 -70.77 --
Net income attributable to Nidec Corporation stockholders per share-diluted 193.96 27.49 -- 45.39 -- --

Full copy of Nidec's financial statements for the year ended March 31, 2014:

http://www.nidec.com/en-Global/ir/news/2014/news0422-01/

A conference call webcast (audio-only, user-control slides attached) discussing Nidec's financial results for the fiscal year ended March 31, 2014 is scheduled for 09:00 a.m. EDT on Wednesday, April 23, 2014. To listen to the webcast, please visit Nidec website at:

http://www.nidec.com/en-Global/ir/calendar/schedule/archive/FY13Q4/

About Nidec Corporation

Nidec Corporation (NYSE:NJ) (Tokyo/Osaka:6594) is a global leader in electric motor drive technology. For the year ended March 31, 2014, 41.4% of its consolidated sales were represented by small precision motors; 26.3% by appliance, commercial and industrial products; 13.2% by automotive products; 8.3% by electronic and optical components; 9.9% by machinery, and 0.9% by the remaining products lines. Nidec was founded in Kyoto, Japan in 1973 by Shigenobu Nagamori, its current President and CEO.

CONTACT: Masahiro Nagayasu General Manager Investor Relations +81-75-935-6140 ir@nidec.com

Source:Nidec Corporation