×

Nidec Announces Financial Results for Fiscal Year Ended March 31, 2015

KYOTO, Japan, April 22, 2015 (GLOBE NEWSWIRE) -- Nidec Corporation (NYSE:NJ) today announced consolidated results under U.S. GAAP for the fiscal year ended March 31, 2015. The highlights are as follows:

  • Record-high full-year net sales, operating income, income before taxes and net income
  • 1 trillion yen mark in net sales and 100 billion yen mark in operating income achieved for the first time
  • Sales of "Automotive, Appliance, Commercial and Industrial Products" surpassing those of "Small Precision Motors" as a result of the strategic business portfolio transformation
  • Convertible bond (CB) conversion amounted to 74.3 billion Yen (78% of remaining CBs after early redemption put option). The debt to equity ratio improved further as the year-end shareholders' equity ratio rose to 55%
  • EPS (diluted): 256.73 yen
  • Year-end dividend: 40 yen per share (Annual dividend: 70 yen per share)

Consolidated Results of Operations (unaudited)
Yen in millions (except for per share amounts and percentages)
Year ended Increase Three months ended Increase
March 31 (Decrease) March 31 (Decrease)
2015 2014 % 2015 2014 %
(unaudited) (unaudited)
Net sales 1,028,385 875,109 17.5 274,619 228,384 20.2
Operating income 111,218 84,864 31.1 30,491 22,998 32.6
Ratio of operating income to net sales 10.8% 9.7% -- 11.1% 10.1% --
Income before income taxes 107,371 84,460 27.1 26,062 21,935 18.8
Ratio of income from continuing operations before income taxes to net sales 10.4% 9.7% -- 9.5% 9.6% --
Net income attributable to Nidec Corporation 76,216 56,272 35.4 18,185 13,219 37.6
Ratio of net income attributable to Nidec Corporation to net sales 7.4% 6.4% -- 6.6% 5.8% --
Net income attributable to Nidec Corporation stockholders per share-basic 272.32 206.82 -- 63.23 47.93 --
Net income attributable to Nidec Corporation stockholders per share-diluted 256.73 193.50 -- 60.45 44.94 --

Full copy of Nidec's financial statements for the year ended March 31, 2015: http://www.nidec.com/en-Global/ir/news/2015/news0422-01/.

A conference call webcast (audio-only, user-control slides attached) discussing Nidec's financial results for the fiscal year ended March 31, 2015 is scheduled for 09:00 a.m. EDT on Thursday, April 23, 2015. To listen to the webcast, please visit Nidec website at: http://www.nidec.com/en-Global/ir/calendar/schedule/archive/FY14Q4/.

About Nidec Corporation

Nidec Corporation (NYSE:NJ) (Tokyo:6594) is a global leader in electric motor drive technology. For the year ended March 31, 2015, 38.7% of its consolidated sales were represented by small precision motors; 25.6% by appliance, commercial and industrial products; 19.1% by automotive products; 9.6% by machinery; 6.3% by electronic and optical components, and 0.6% 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