Nidec Announces Financial Results for Fiscal Third Quarter and Nine Months Ended December 31, 2017

KYOTO, Japan, Jan. 24, 2018 (GLOBE NEWSWIRE) -- Nidec Corporation (TSE:6594) (OTC US:NJDCY) today announced its consolidated financial results under the International Financial Reporting Standards (“IFRS”) for the period of April 1, 2017 through December 31, 2017.

The highlights are as follows:

  • Record-high nine months net sales, operating profit, profit before income taxes and profit attributable to owners of the parent
  • Record-high three months net sales, operating profit, profit before income taxes and profit attributable to owners of the parent
  • EPS: 320.06 yen (basic and diluted)

Selected Consolidated Results of Operations (Unaudited)

Yen in millions, except for per share amounts and percentagesNine months ended
December 31,
Increase
(Decrease)
%
Three months ended
December 31,
Increase
(Decrease)
%
 2017201620172016
Net sales1,105,921 868,228 27.4%390,031 304,198 28.2%
Operating profit127,127 106,173 19.7%44,678 37,188 20.1%
Ratio of operating profit to net sales11.5%12.2% - 11.5%12.2% -
Profit before income taxes119,723 107,747 11.1%43,256 41,473 4.3%
Ratio of profit before income taxes to net sales10.8%12.4%- 11.1%13.6%-
Profit attributable to owners of the parent94,763 81,617 16.1%34,776 31,523 10.3%
Ratio of profit attributable to owners of the parent to net sales8.6%9.4%- 8.9%10.4% -
Earnings per share attributable to owners of the parent
-Basic
320.06 275.18 - 117.46 106.28 -
Earnings per share attributable to owners of the parent
-Diluted
320.06 275.18 - 117.46 106.28 -

Full copy of Nidec’s financial statements for the third quarter and nine months ended December 31, 2017:
http://www.nidec.com/en-Global/ir/news/2018/news0124-02/

A conference call webcast (audio-only, user-control slides attached) discussing Nidec’s financial results for the third quarter and nine months ended December 31, 2017 is scheduled for 09:00 a.m. EST on Wednesday, January 24, 2018. To listen to the webcast, please visit Nidec website at:
http://www.nidec.com/en-Global/ir/calendar/schedule/archive/FY17Q3/

About Nidec Corporation
Nidec Corporation (TSE:6594) (OTC US:NJDCY) is a global leader in electric motor drive technology. For the nine months ended December 31, 2017, 34.5% of its consolidated sales were represented by appliance, commercial and industrial products; 31.2% by small precision motors; 19.6% by automotive products; 9.6% by machinery; 4.9% 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
ir@nidec.com

Source:Nidec Corporation