Nidec Announces Financial Results for Fiscal Year Ended March 31, 2017

KYOTO, Japan, April 25, 2017 (GLOBE NEWSWIRE) -- Nidec Corporation (TSE:6594) (OTC US:NJDCY) today announced its consolidated financial results under the International Financial Reporting Standards (“IFRS”) for the fiscal year ended March 31, 2017.

The highlights are as follows:

  • Net sales up 1.8% Y/Y, marking Nidec’s fifth consecutive year of record sales
  • Operating profit up 19.3% Y/Y, marking the fourth consecutive year of increase following the structural reform in FY2012
  • Profit attributable to owners of the parent exceeded 100 billion yen for the first time in Nidec’s history
  • Full-year operating income ratio on Automotive, Appliance, Commercial and Industrial Products exceeded 10%, driving the company’s business portfolio transformation
  • ROE rose 2 percentage points to 13.9%.
  • EPS: 376.67 yen (basic)
    376.67 yen (diluted)
  • Year-end dividend: 45 yen per share
  • Annual dividend: 85 yen per share

Selected Consolidated Results of Operations (Unaudited)

Yen in millions, except for per share amounts and percentagesYear ended
March 31
Three months

March 31
 2017 2016 2017 2016
Net sales1,199,311 1,178,290 1.8%331,083 282,937 17.0
Operating profit140,331 117,662 19.3%34,158 27,376 24.8
Ratio of operating profit to net sales11.7%10.0% - 10.3%9.7%-
Profit before income taxes142,278 117,164 21.4%34,531 24,697 39.8
Ratio of profit before income taxes to net sales11.9%9.9%- 10.4%8.7%-
Profit attributable to owners of the parent111,721 89,945 24.2%30,104 20,419 47.4
Ratio of profit attributable to owners of the parent to net sales 9.3%7.6%- 9.1%7.2%-
Earnings per share attributable to owners of the parent
-Basic376.67 303.04 - 101.50 68.84 -
Earnings per share attributable to owners of the parent
-Diluted376.67 301.93 - 101.50 68.84 -

Full copy of Nidec’s financial statements for the year ended March 31, 2017:

A conference call webcast (audio-only, user-control slides attached) discussing Nidec’s financial results for the fiscal year ended March 31, 2017 is scheduled for 09:00 a.m. EDT on Wednesday, April 26, 2017. To listen to the webcast, please visit Nidec website at:

About Nidec Corporation

Nidec Corporation (TSE:6594) (OTC US:NJDCY) is a global leader in electric motor drive technology. For the year ended March 31, 2017, 36.5% of its consolidated sales were represented by small precision motors; 25.9% by appliance, commercial and industrial products; 21.8% by automotive products; 10.2% by machinery; 5.3% by electronic and optical components, and 0.3% 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

Source:Nidec Corporation