KYOTO, Japan, Jan. 21, 2016 (GLOBE NEWSWIRE) -- Nidec Corporation (NYSE:NJ) today announced consolidated results under U.S. GAAP for the third quarter (October-December 2015) and nine months (April-December 2015).
Highlights are as follows:
- Record-high nine-month net sales, operating income, income before taxes and net income of 895.4 billion yen, 94.0 billion yen and 94.4 billion yen, 70.9 billion yen, respectively
- Net sales and operating income increased for eight and eleven consecutive quarters, respectively, marking the highest-ever levels.
- Cash and cash equivalents exceeded interest-bearing debt for the first time in 23 quarters, which was achieved three month ahead of plan. Financial base and financial discipline were strengthened eyeing Vision 2020.
- Basic EPS: 238.91 yen
- Diluted EPS: 238.90 yen
|Consolidated Results of Operations|
|Yen in millions (except for per share amounts and percentages)|
|Nine months ended|
|Three months ended|
|Ratio of operating income to net sales||10.5||%||10.7||%||-||10.4||%||10.9||%||-|
|Income before taxes||94,357||81,309||16.0||%||30,968||29,771||4.0||%|
|Ratio of income before income taxes to net sales||10.5||%||10.8||%||-||10.1||%||11.3||%||-|
|Net income attributable to Nidec Corporation||70,928||58,031||22.2||%||23,320||21,318||9.4||%|
|Ratio of net income attributable to Nidec Corporation to net sales||7.9||%||7.7||%||-||7.6||%||8.1||%||-|
|Net income attributable to Nidec Corporation per share-basic||238.91||209.27||-||78.22||76.05||-|
|Net income attributable to Nidec Corporation per share-diluted||238.90||196.36||-||78.22||71.42||-|
Full copy of the financial statements for 3Q and nine months ended December 31, 2015:
A conference call webcast (audio-only, user-control slides attached) discussing Nidec’s financial results for 3Q and nine months ended December 31, 2015 is scheduled for 09:00 a.m. EST on Thursday, January 21, 2016. To listen to the webcast, please visit Nidec website at:
About Nidec Corporation
Nidec Corporation (NYSE:NJ) (Tokyo:6594) is a global leader in electric motor drive technology. For the nine months ended December 31, 2015, 39.3% of its consolidated sales were represented by small precision motors; 23.2% by appliance, commercial and industrial products; 22.7% by automotive products; 8.8% by machinery; 5.5% by electronic and optical components, and 0.4% by the remaining product lines. Nidec was founded in Kyoto, Japan in 1973 by Shigenobu Nagamori, its current President and CEO.
Masahiro Nagayasu General Manager Investor Relations +81-75-935-6140 email@example.com