KYOTO, Japan, Jan. 24, 2013 (GLOBE NEWSWIRE) -- Nidec Corporation (NYSE:NJ) today announced consolidated results under U.S. GAAP for the third quarter (October-December 2012) and nine months (April-December 2012) of its fiscal year ending March 31, 2013.
Highlights are as follows:
- 3Q and nine-month sales up 7.8% y/y and 1.6% y/y, respectively.
- 3Q and nine-month operating income down 81.4% and 17.7%, respectively, mainly due to costs related to structural reform intended to overcome the market downtrend starting in the middle of 3Q.
- EPS: 209.60 (basic)
|Consolidated Results of Operations (unaudited)||Yen in millions (except for per share amounts and percentages)|
| Nine months ended |
| Increase |
| Three months ended |
| Increase |
|Ratio of operating income to net sales||8.5%||10.5%||--||1.5%||8.6%||--|
|Income from continuing operations before income taxes||39,512||48,793||(19.0%)||2,473||14,206||(82.6%)|
|Ratio of income from continuing operations before income taxes to net sales||7.6%||9.5%||--||1.5%||9.0%||--|
|Net income attributable to Nidec Corporation||28,216||31,654||(10.9%)||1,700||9,125||(81.4%)|
|Ratio of net income attributable to Nidec Corporation to net sales||5.4%||6.1%||--||1.0%||5.8%||--|
|Net income attributable to Nidec Corporation stockholders per share-basic||209.60||229.86||--||12.55||66.68||--|
|Net income attributable to Nidec Corporation stockholders per share-diluted||195.59||214.87||--||11.63||62.30||--|
Full copy of the financial statements for Nidec's 3Q and nine months ended December 31, 2012:
A conference call webcast (audio-only, user-control slides attached) discussing Nidec's financial results for 3Q and nine months ended December 31, 2012 is scheduled for 09:00 a.m. EST on Thursday, January 24, 2013. To listen to the webcast, please visit Nidec website at:
About Nidec Corporation
Nidec Corporation (NYSE:NJ) (Tokyo/Osaka:6594) is a global leader in electric motor drive technology. For the nine months ended December 31, 2012, 46.4% of its consolidated sales were represented by small precision motors; 21.2% by appliance, commercial and industrial products; 12.1% by automotive products; 10.2% by electronic and optical components; 8.9% by machinery, and 1.2% by the remaining product lines. Nidec was founded in Kyoto, Japan in 1973 by Shigenobu Nagamori, its current President and CEO.
The Nidec Corporation logo is available at: http://www.globenewswire.com/newsroom/prs/?pkgid=1734
CONTACT: Masahiro Nagayasu General Manager Investor Relations +81-75-935-6140 email@example.com