KYOTO, Japan, July 23, 2014 (GLOBE NEWSWIRE) -- Nidec Corporation (NYSE:NJ) today announced its consolidated results under U.S.GAAP for the period of April 1, 2014 through June 30, 2014.
The highlights are as follows:
- Net sales up 13.7% Y/Y to a quarterly record-high of JPY 240.2 billion.
- Operating income up 41.6% Y/Y to JPY 25.6 billion, marking five consecutive quarters of increased operating income since the structural reform in FY2012
- Upward revision to the 1H and full-year financial performance forecasts and dividend projections
- EPS: 64.96 yen (basic)
60.93 yen (diluted)
|Selected Consolidated Results of Operations (Unaudited)||Yen in millions (except for per share amounts and percentages)|
| Three months ended |
| Increase |
| (Reference) |
Three months ended
March 31, 2014
|Ratio of operating income to net sales||10.6%||8.5%||-||10.2%|
|Income before taxes||24,971||17,366||43.8%||22,139|
|Ratio of income before taxes to net sales||10.4%||8.2%||-||9.7%|
|Net income attributable to Nidec Corporation||17,917||13,346||34.2%||13,351|
|Ratio of net income attributable to Nidec Corporation to net sales||7.5%||6.3%||-||5.8%|
|Net income attributable to shareholders per share-basic*||64.96||49.73||-||48.41|
|Net income attributable to shareholders per share-diluted*||60.93||46.42||-||45.39|
* The Company implemented a two-for-one stock split of its common stock effective April 1, 2014. The previously reported net income attributable to Nidec Corporation per share-basic and net income attributable to Nidec Corporation per share-diluted have been retroactively adjusted to reflect the stock split.
Full copy of Nidec's financial statements for the first quarter ended June 30, 2014: http://www.nidec.com/en-Global/ir/news/2014/news0723-02/
A conference call webcast (audio-only, user-control slides attached) discussing Nidec's financial results for the first quarter ended June 30, 2014 is scheduled for 09:00 a.m. EDT on Wednesday, July 23, 2014. To listen to the webcast, please visit Nidec website at: http://www.nidec.com/en-Global/ir/calendar/schedule/archive/FY14Q1/
About Nidec Corporation
Nidec Corporation (NYSE:NJ) (Tokyo:6594) is a global leader in electric motor drive technology. For the first quarter ended June 30, 2014, 37.4% of its consolidated sales were represented by small precision motors; 26.4% by appliance, commercial and industrial products; 19.5% by automotive products; 9.3% by machinery; 6.7% by electronic and optical components, and 0.7% by the remaining product 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 firstname.lastname@example.org