Nidec Announces Financial Results for Fiscal Second Quarter and Six Months Ended September 30, 2015
October 21, 2015 at 12:31 pm IST
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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 percentages
Six 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
Nidec Corporation specializes in the development, manufacturing and marketing of small precision motors and automotive and appliance components. Net sales break down by family of products as follows:
- appliances, air-conditioning and industrial equipment motors (40.5%);
- small precision motors (21.9%): pin motors for hard drives, fan motors, vibrating motors, brush motors and motor applications, etc. ;
- automotive components (21.3%);
- machines (12.1%): industrial robots, card readers, test systems, presses and power transmission drives, etc. ;
- electronic and optical components (3.9%): switches, trimmer potentiometers, lens units and camera shutters, etc. ;
- other (0.3%).
The net sales are distributed geographically as follows: Japan (17.8%), China (26.7%), the United States (21.6%), Germany (6.1%), Italy (5.5%), Thailand (5.2%) and other (17.1%).