KYOTO, Japan, April 25, 2007 (PRIME NEWSWIRE) -- Nidec Corporation (NYSE:NJ) announced today its financial results under U.S.GAAP for the period of April 1, 2006 to March 31, 2007.
The following are the highlights:
* Sales: Record High (up 17.3% Y/Y)
* Operating income: Record High (up 19.8% Y/Y) -- "Mid-size Motors"
back to profitability.
* Income before tax: Up 1.9% Y/Y -- Foreign exchange gain decreased.
* Net income: Down 2.5% Y/Y -- Additional tax of 2.9B yen
based on transfer price taxation.
* Term-end dividend: 25 yen per share
* Annual dividends: 45 yen per share
* Dividend ratio: 16.3%
Consolidated Financial Results
Japanese yen
(Millions except
per share amounts)
--------------------
Years ended March 31,
--------------------
2006 2005
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Net sales 629,667 536,858
Percent change from the previous period 17.3% 10.5%
Operating income 64,009 53,426
Percent change from the previous period 19.8% (0.4%)
Income before income taxes and minority
interests 65,595 64,378
Percent change from the previous period 1.9% 12.4%
Net income 39,932 40,949
Percent change from the previous period (2.5)% 22.4%
Net income per share, primary 276.03 285.47
Net income per share, diluted 268.25 275.05
Full copy of the earnings release and relevant press releases: http://www.nidec.co.jp/english/ir/index.html
About Nidec Corporation
Nidec Corporation (NYSE:NJ) is a global leader in drive-technology products, focusing on brushless DC motors. Nidec manufactures small precision motors and mid-size motors, which comprise 59.6% of its total sales; machinery and other products comprise the remainder. As of March 2007, Nidec has 120 group companies worldwide, employing 125,000 people. The Company was founded in Kyoto, Japan in 1973 by Shigenobu Nagamori, its current President and CEO.
The Nidec Corporation logo is available at http://www.primezone.com/newsroom/prs/?pkgid=1734