KYOTO, Japan, Jan. 22, 2015 (GLOBE NEWSWIRE) -- Nidec Corporation (NYSE:NJ) today announced consolidated results under U.S. GAAP for the third quarter (October-December 2014) and nine months (April-December 2014).
Highlights are as follows:
- Record-high nine-month net sales, operating income and income before taxes of 753.8 billion yen, 80.7 billion yen and 81.3 billion yen, respectively
- Record-high three-month net sales, operating income and income before taxes of 264.3 billion yen, 28.8 billion yen and 29.8 billion yen, respectively
- Nine-month operating income up 30.5% Y/Y to 80.7 billion yen, marking seven consecutive quarters of operating income increase
- Upward revision to the company's financial forecast and dividend target for the fiscal year ending March 31, 2015
- Diluted EPS: 196.36
| Consolidated Results of Operations (unaudited) | ||||||
| Yen in millions (except for per share amounts and percentages) | ||||||
|
Nine months ended December 31 |
Increase (Decrease) |
Three months ended December 31 |
Increase (Decrease) |
|||
| % | % | |||||
| 2014 | 2013 | 2014 | 2013 | |||
| (unaudited) | (unaudited) | |||||
| Net sales | 753,766 | 646,725 | 16.6% | 264,255 | 217,091 | 21.7% |
| Operating income | 80,727 | 61,866 | 30.5% | 28,804 | 22,529 | 27.9% |
| Ratio of operating income to net sales | 10.7% | 9.6% | -- | 10.9% | 10.4% | -- |
| Income before taxes | 81,309 | 62,525 | 30.0% | 29,771 | 24,084 | 23.6% |
| Ratio of income before income taxes to net sales | 10.8% | 9.7% | -- | 11.3% | 11.1% | -- |
| Net income attributable to Nidec Corporation | 58,031 | 43,053 | 34.8% | 21,318 | 15,950 | 33.7% |
| Ratio of net income attributable to Nidec Corporation to net sales | 7.7% | 6.7% | -- | 8.1% | 7.3% | -- |
| Net income attributable to Nidec Corporation per share-basic | 209.27 | 158.96 | -- | 76.05 | 57.84 | -- |
| Net income attributable to Nidec Corporation per share-diluted | 196.36 | 148.61 | -- | 71.42 | 54.24 | -- |
Full copy of the financial statements for 3Q and nine months ended December 31, 2014:
http://www.nidec.com/en-Global/ir/news/2015/news0122-02/
A conference call webcast (audio-only, user-control slides attached) discussing Nidec's financial results for 3Q and nine months ended December 31, 2014 is scheduled for 09:00 a.m. EST on Thursday, January 22, 2015. To listen to the webcast, please visit Nidec website at:
http://www.nidec.com/en-Global/ir/calendar/schedule/archive/FY14Q3/
About Nidec Corporation
Nidec Corporation (NYSE:NJ) (Tokyo:6594) is a global leader in electric motor drive technology. For the nine months ended December 31, 2014, 39.1% of its consolidated sales were represented by small precision motors; 25.4% by appliance, commercial and industrial products; 18.8% by automotive products; 6.5% by electronic and optical components; 9.4% by machinery, and 0.7% by the remaining product lines. Nidec was founded in Kyoto, Japan in 1973 by Shigenobu Nagamori, its current President and CEO.