Nidec Corporation Revises Consolidated Earnings Guidance for the Year Ending March 31, 2019
January 17, 2019 at 11:40 am IST
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Nidec Corporation revised consolidated earnings guidance for the year ending March 31, 2019. For the year, the company revises net sales of JPY 1,450,000 million against previous forecast of JPY 1,600,000 million. Operating profit of JPY 145,000 million against previous forecast of JPY 195,000 million. Profit attributable to owners of the parent of JPY 112,000 million against JPY 147,000 million. Earnings per share attributable to owners of the parent basic of JPY 379.91 against JPY 498.63. The company is seeing an adverse ripple effect of the current US-China trade friction on its operations in many countries, particularly in China. The company has experienced a decline in customer demand beyond its prior expectations and the resulting inventory adjustments since last fall.
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%).
NIDEC CORPORATION 
