KYOTO, Japan, April 25, 2006 (PRIMEZONE) -- Nidec Corporation (NYSE:NJ) (Tokyo, Osaka:6594) announced today its financial results under U.S. GAAP for the period of April 1, 2005 to March 31, 2006.
The following are the highlights:
-- Record sales, EBIT, net income and EPS
-- "Small Precision Motors" up 23% in sales and 37% in operating
income driven by strong HDD motor demand
-- "Mid-size Motors" incurred loss due to increased R&D expenses
on automotive motors.
-- "Machinery," "Electronic and Optical Components" and "Others"
lowered profits due in part to a delay in new product ramp-up.
-- Diluted EPS: 285.47 yen
-- Annual Dividends per share 45 yen (65 yen on a pre-split basis)
Consolidated Financial Results
Japanese yen
(Millions except per share amounts)
Years ended March 31,
2006 2005
Net sales 536,858 485,861
Percent change from the previous
period 10.5% 75.1%
Operating income 53,426 53,665
Percent change from the previous
period (0.4%) 143.8%
Income before income taxes and
minority interests 64,378 57,290
Percent change from the previous
period 12.4% 191.7%
Net income 40,949 33,455
Percent change from the previous
period 22.4% 107.9%
Net income per share, primary 285.47(a) 239.87(a)
Net income per share, diluted 275.05(a) 228.29(a)
(a) The per-share amounts 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 and relevant press releases: http://www.nidec.co.jp/english/ir/index.html
About Nidec Corporation
Nidec Corporation (NYSE:NJ) (Tokyo, Osaka: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 58% of its total sales; machinery and other products comprise the remainder. As of March 2006, 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 is available at http://www.primezone.com/newsroom/prs/?pkgid=1734