KYOTO, Japan, April 22, 2015 (GLOBE NEWSWIRE) -- Nidec Corporation (NYSE:NJ) today announced consolidated results under U.S. GAAP for the fiscal year ended March 31, 2015. The highlights are as follows:
- Record-high full-year net sales, operating income, income before taxes and net income
- 1 trillion yen mark in net sales and 100 billion yen mark in operating income achieved for the first time
- Sales of "Automotive, Appliance, Commercial and Industrial Products" surpassing those of "Small Precision Motors" as a result of the strategic business portfolio transformation
- Convertible bond (CB) conversion amounted to 74.3 billion Yen (78% of remaining CBs after early redemption put option). The debt to equity ratio improved further as the year-end shareholders' equity ratio rose to 55%
- EPS (diluted): 256.73 yen
- Year-end dividend: 40 yen per share (Annual dividend: 70 yen per share)
| Consolidated Results of Operations (unaudited) | ||||||
| Yen in millions (except for per share amounts and percentages) | ||||||
| Year ended | Increase | Three months ended | Increase | |||
| March 31 | (Decrease) | March 31 | (Decrease) | |||
| 2015 | 2014 | % | 2015 | 2014 | % | |
| (unaudited) | (unaudited) | |||||
| Net sales | 1,028,385 | 875,109 | 17.5 | 274,619 | 228,384 | 20.2 |
| Operating income | 111,218 | 84,864 | 31.1 | 30,491 | 22,998 | 32.6 |
| Ratio of operating income to net sales | 10.8% | 9.7% | -- | 11.1% | 10.1% | -- |
| Income before income taxes | 107,371 | 84,460 | 27.1 | 26,062 | 21,935 | 18.8 |
| Ratio of income from continuing operations before income taxes to net sales | 10.4% | 9.7% | -- | 9.5% | 9.6% | -- |
| Net income attributable to Nidec Corporation | 76,216 | 56,272 | 35.4 | 18,185 | 13,219 | 37.6 |
| Ratio of net income attributable to Nidec Corporation to net sales | 7.4% | 6.4% | -- | 6.6% | 5.8% | -- |
| Net income attributable to Nidec Corporation stockholders per share-basic | 272.32 | 206.82 | -- | 63.23 | 47.93 | -- |
| Net income attributable to Nidec Corporation stockholders per share-diluted | 256.73 | 193.50 | -- | 60.45 | 44.94 | -- |
Full copy of Nidec's financial statements for the year ended March 31, 2015: http://www.nidec.com/en-Global/ir/news/2015/news0422-01/.
A conference call webcast (audio-only, user-control slides attached) discussing Nidec's financial results for the fiscal year ended March 31, 2015 is scheduled for 09:00 a.m. EDT on Thursday, April 23, 2015. To listen to the webcast, please visit Nidec website at: http://www.nidec.com/en-Global/ir/calendar/schedule/archive/FY14Q4/.
About Nidec Corporation
Nidec Corporation (NYSE:NJ) (Tokyo:6594) is a global leader in electric motor drive technology. For the year ended March 31, 2015, 38.7% of its consolidated sales were represented by small precision motors; 25.6% by appliance, commercial and industrial products; 19.1% by automotive products; 9.6% by machinery; 6.3% by electronic and optical components, and 0.6% by the remaining products lines. Nidec was founded in Kyoto, Japan in 1973 by Shigenobu Nagamori, its current President and CEO.