KYOTO, Japan, July 28, 2005 (PRIMEZONE) -- Nidec Corporation (NYSE:NJ) (TSE:6594) announced today its financial results under U.S. GAAP for the period of April 1, 2005 to June 30, 2005.
Here are highlights:
-- Consolidated net sales increased Yen 10.2 billion, or 9.1%,
to Yen 122.5 billion year-to-year.
-- Consolidated operating income decreased Yen 1.4 billion,
or 12.9%, to Yen 9.6 billion year-to-year.
-- Consolidated net income increased Yen 0.3 billion to Yen 8.8
billion year-to-year.
-- EPS: Yen 118.33
-- Strong quarter for the core Small Precision Motor business, yet,
soft note from the Mid-size Motor/Machinery/Electronic and Optical
Component, reflecting impacts of inventory adjustments and steel
material price hikes on the businesses of consolidated
subsidiaries.
-- Record quarterly results for the hard-disk-drive (HDD) motor
business. Sales and shipment increased 52%, and 57%, respectively
year-to-year.
Consolidated Financial Results
Japanese yen (Millions except per share amounts)
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Three months ended June 30, Year ended
March 31,
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2005 2004 2005
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Net sales Yen 122,499 Yen 112,287 Yen 485,861
Percent change
from the previous
period 9.1% 100.8% 75.1%
Operating income 9,602 11,027 53,665
Percent change
from the previous
period (12.9)% 113.7% 143.8%
Income before income
taxes and minority
interests 11,959 13,585 57,290
Percent change
from the previous
period (12.0)% 151.8% 191.7%
Net income 8,794 8,508 33,455
Percent change
from the previous
period 3.4% 85.7% 107.9%
Net income per
share, primary Yen 123.18 Yen 127.62 Yen 479.74
Net income per
share, diluted Yen 118.33 Yen 121.20 Yen 456.58
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For a full copy of Nidec's financial results release, visit:http://www.nidec.co.jp/english/ir/index.html
Access the webcast (Live/Replay) of our investor meeting in NY scheduled for Thursday, August 4, 2005, 8:45 am -- 10:30 am EDT from:http://www.nidec.co.jp/english/ir/Webcasting_Notice.html.
About Nidec Corporation
Nidec Corporation (NYSE:NJ) (TSE:6594) is the global leader in drive-technology products, focusing on brushless DC motors. Nidec manufactures small precision motors and mid-size motors, which comprise 59% of its total sales; machinery and other products comprise the remainder. As of March 2005, Nidec has 110 group companies in 14 countries employing 90,000 people. The Company was founded in Kyoto, Japan in 1973 by Shigenobu Nagamori, its current President and CEO.
The Nidec America Corporation logo can be found at: http://www.primezone.com/newsroom/prs/?pkgid=1734