KYOTO, Japan, Feb. 1, 2006 (PRIMEZONE) -- Nidec Corporation (NYSE:NJ) (Tokyo, Osaka Stock exchange code: 6594) announced today its financial results under U.S. GAAP for the period of October 1, 2005 to December 31, 2005.
The following are the highlights:
-- Record quarter in Net sales and Net income
-- Net sales, Operating income and Net income up 6.6%, 3.6%, and
49.8%, respectively Y/Y.
-- HDD motor sales and shipments hit new highs, driving Operating
income from the "Small Precision Motors" business.
-- Operating income from "Mid-size Motors," "Machinery," "Electronic
and Optical Components" and "Others" declined Y/Y.
-- Diluted EPS: 81.38 yen
Consolidated Financial Results
Japanese yen
(Millions except per share amounts)
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Three months ended Year ended
December 31, March 31,
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2005 2004 2005
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Net sales 136,729 128,224 485,861
Percent change from the previous
period 6.6% 99.5% 75.1%
Operating income 15,003 14,481 53,665
Percent change from the previous
period 3.6% 117.9% 143.8%
Income before income taxes and
minority interests 19,638 12,182 57,290
Percent change from the previous
period 61.2% 115.3% 191.7%
Net income 12,124 8,096 33,455
Percent change from the previous
period 49.8% 166.1% 107.9%
Net income per share, primary 84.43 57.30(a) 239.87(a)
Net income per share, diluted 81.38 54.57(a) 228.29(a)
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(a) The per-share amounts for "Three months ended December 31, 2004"
and "Year ended March 31, 2005" have been restated to
retroactively reflect the effect of the two-for-one stock split
that took effect on November 18, 2005.
Full copy of the earnings release:http://www.nidec.co.jp/english/ir/index.html
About Nidec Corporation
Nidec Corporation (NYSE:NJ) (Tokyo, Osaka Stock exchange code: 6594) is a global leader in drive-technology products, focusing on brushless DC motors. Nidec manufactures small precision motors and mid-size motors, which comprise 59.4% of its total sales; machinery and other products comprise the remainder. As of December 2005, Nidec has 110 group companies in 14 countries employing 100,000 people. The Company was founded in Kyoto, Japan in 1973 by Shigenobu Nagamori, its current President and CEO.
The Nidec Corporation logo can be found at: http://www.primezone.com/newsroom/prs/?pkgid=1734