×

Nidec Announces Financial Results for Fiscal First Quarter Ended June 30, 2015

KYOTO, Japan, July 22, 2015 (GLOBE NEWSWIRE) -- Nidec Corporation (NYSE:NJ) today announced its consolidated results under U.S. GAAP for the period of April 1, 2015 through June 30, 2015.

The highlights are as follows:

  • Record-high quarterly net sales, operating income, income before taxes and net income
  • Nine consecutive quarters of operating income increase
  • Nine consecutive quarters of operating income increase for Automotive, Appliance, Commercial and Industrial Products
  • EPS: 81.99 (basic)
    81.08 (diluted)

Selected Consolidated Results of Operations (Unaudited)
Yen in millions except for per share amounts and percentages Three months ended
June 30
Increase
(Decrease)
%
(Reference)
Year ended
March 31, 2015
2015 2014
Net sales 285,041 240,188 18.7 1,028,385
Operating income 31,061 25,035 24.1 111,218
Ratio of operating income to net sales 10.9% 10.4% -- 10.8%
Income before income taxes 32,705 24,454 33.7 107,371
Ratio of income before income taxes to net sales 11.5% 10.2% -- 10.4%
Net income attributable to Nidec Corporation 24,196 17,573 37.7 76,216
Ratio of net income attributable to Nidec Corporation to net sales 8.5% 7.3% -- 7.4%
Net income attributable to Nidec Corporation shareholders per share-basic 81.99 63.72 -- --
Net income attributable to Nidec Corporation shareholders per share-diluted 81.08 59.76 -- --

Full copy of Nidec's financial statements for the first quarter ended June 30, 2015:
http://www.nidec.com/en-Global/ir/news/2015/news0722-02/

A conference call webcast (audio-only, user-control slides attached) discussing Nidec's financial results for the fiscal first quarter ended June 30, 2015 is scheduled for 09:00 a.m. EDT on Wednesday, July 22, 2015. To listen to the webcast, please visit Nidec website at:
http://www.nidec.com/en-Global/ir/calendar/schedule/archive/FY15Q1/

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, 2015, 36.5% of its consolidated sales were represented by small precision motors; 25.0% by appliance, commercial and industrial products; 23.2% by automotive products; 9.4% by machinery; 5.6% by electronic and optical components, and 0.4% 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