KYOTO, Japan, April 26, 2010 (GLOBE NEWSWIRE) -- Nidec Corporation (NYSE:NJ) today announced its consolidated results under U.S.GAAP for the fiscal three months and year ended March 31, 2010. The highlights are as follows:
- Both quarterly and yearly operating income substantially increased, pushing all profit categories to record highs.
- FY2009 year-end payout will be 40 yen per share, up 5 yen from the previously expected 35 yen per share. This makes the total FY2009 dividend payout 65 yen per share, up 5 yen from the previous year.
*Forecast FY2010 full-year dividend: 80 Yen (Up 15 yen)
|
Selected Consolidated Results of Operations |
Yen in millions (except for per share amounts) |
||||||
| Year ended March 31 |
Three months ended March 31 |
||||||
| 2010 | 2009 |
Increase (Decrease) % |
2010 | 2009 |
Increase (Decrease) % |
||
| (unaudited) | (unaudited) | ||||||
| Net sales | 587,459 | 610,803 | (3.8)% | 166,325 | 106,725 | 55.8% | |
| Operating income | 78,342 | 52,015 | 50.6% | 26,505 | 1,137 | 2,231.1% | |
|
Ratio of operating income to net sales |
13.3% | 8.5 % | -- | 15.9% | 1.1% | -- | |
|
Income from continuing operations before income taxes |
75,002 | 47,270 | 58.7% | 27,229 | 5,901 | 361.4% | |
|
Ratio of income from continuing operations before income taxes to net sales |
12.8% | 7.7 % | -- | 16.4% | 5.5% | -- | |
|
Net income attributable to Nidec Corporation |
51,961 | 28,353 | 83.3% | 21,858 | 5,290 | 313.2% | |
|
Ratio of net income attributable to Nidec Corporation to net sales |
8.8% | 4.6 % | -- | 13.1% | 5.0% | -- | |
|
Net income attributable to shareholders per share-basic |
373.04 | 197.42 | -- | 156.92 | 37.67 | -- | |
|
Net income attributable to shareholders per share-diluted |
373.04 | 194.12 | -- | 156.92 | 37.67 | -- | |
Note: Prior-period statements have been retrospectively restated to reflect the reclassification of discontinued operations in accordance with ASC205-20 (Presentation of Financial Statements-Discontinued Operations).
Full copy of the financial statements for Nidec's third quarter and nine months ended March 31, 2010: http://www.nidec.co.jp/english/ir/lib/indexdata2/2010/Q4_3.pdf
A conference call webcast (audio-only, user-control slides attached) discussing Nidec's financial results for the fiscal fourth quarter and year ended March 31, 2010 is scheduled for 09:00 a.m. EDT on Tuesday, April 27, 2010. To listen to the webcast, please visit Nidec website at: http://www.nidec.co.jp/english/ir/information/FY09Q4
About Nidec Corporation
Nidec Corporation (NYSE:NJ) (Tokyo/Osaka:6594) is a global leader in electric motor drive technology. For the year ended March 31, 2010, small precision motors and mid-size motors represented 68.7% of the total sales; electronic and optical components, machinery and other products comprised the remainder. 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