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Nidec Announces Financial Results for Fiscal Second Quarter and Six Months Ended September 30, 2015

KYOTO, Japan, Oct. 21, 2015 (GLOBE NEWSWIRE) -- Nidec Corporation (NYSE:NJ) today announced its consolidated results under U.S. GAAP for the period of April 1, 2015 through September 30, 2015.

The highlights are as follows:

  • Record-high first half net sales, operating income, income before taxes and net income
  • 30% increase in net income Y/Y
  • Ten consecutive quarters of operating income increase following the structural reform in FY2012
  • Seven consecutive quarters of net sales increase, reaching the 300 billion yen mark for the first time in its history
  • EPS: 160.75 yen (basic)
    159.57 yen (diluted)
  • Interim dividend: 40 yen per share
  • Projected annual dividend: 40 yen per share

Selected Consolidated Results of Operations (Unaudited)

Yen in millions, except for per share amounts and percentagesSix months ended
September 30,
Increase (Decrease
%)
Three months ended
September 30,
Increase (Decrease %)
  2015 2014 2015 2014
Net sales 587,352 489,511 20.0% 302,311 249,323 21.3%
Operating income 61,850 51,923 19.1% 31,105 26,888 15.7%
Ratio of operating income to net sales 10.5% 10.6%  - 10.3% 10.8% -
Income before income taxes 63,409 51,538 23.0% 31,054 27,084 14.7%
Ratio of income before income taxes to net sales 10.8% 10.5% - 10.3% 10.9% -
Net income attributable to Nidec Corporation 47,622 36,713 29.7% 23,827 19,140 24.5%
Ratio of net income attributable to Nidec Corporation to net sales 8.1% 7.5 % - 7.9% 7.7% -
Net income attributable to Nidec Corporation per share-basic 160.75 133.11 - 80.12 69.40 -
Net income attributable to Nidec Corporation per share-diluted 159.57 124.85 - 79.84 65.09 -

Full copy of Nidec’s financial statements for the second quarter and six months ended September 30, 2015:
http://www.nidec.com/en-Global/ir/news/2015/news1021-01/

A conference call webcast (audio-only, user-control slides attached) discussing Nidec’s financial results for the second quarter and six months ended September 30, 2015 is scheduled for 09:00 a.m. EDT on Thursday, October 22, 2015. To listen to the webcast, please visit Nidec's website at:
http://www.nidec.com/en-Global/ir/calendar/schedule/archive/FY15Q2/

About Nidec Corporation

Nidec Corporation (NYSE:NJ) (Tokyo:6594) is a global leader in electric motor drive technology. For the second quarter and six months ended September 30, 2015, 37.9% of its consolidated sales were represented by small precision motors; 23.8% by appliance, commercial and industrial products; 23.2% by automotive products; 9.1% by machinery; 5.5% 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