KYOTO, Japan, Feb. 1, 2007 (PRIME NEWSWIRE) -- Nidec Corporation (NYSE:NJ) (Tokyo, Osaka:6594) announced today its financial results under U.S.GAAP for the period of October 1, 2006 to December 31, 2006.
The following are the highlights:
* Sales hit a record quarterly high, marking double-digit growth for all business segments y/y. * Record operating income driven by "Small Precision Motors" and "Mid-size Motors." * HDD motor sales grew 22% on a 26% shipment increase y/y, crossing the 50 billion yen quarterly mark. * Operating income ratio down in "Machinery" and "Electronic and Optical Components." * Diluted EPS: 62.46 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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2006 2005 2006
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Net sales 159,304 136,729 536,858
Percent change from the previous
period 16.5% 6.6% 10.5%
Operating income 17,031 15,003 53,426
Percent change from the previous
period 13.5% 3.6% (0.4%)
Income before income taxes and
minority interests 18,057 19,638 64,378
Percent change from the previous
period (8.1)% 61.2% 12.4%
Net income 9,299 12,124 40,949
Percent change from the previous
period (23.3)% 49.8 22.4%
Net income per share, primary 64.28 84.43 285.47
Net income per share, diluted 62.46 81.38 275.05
Full copy of Nidec's earnings releases: http://www.nidec.co.jp/english/ir/lib/lib_2_us.html
About Nidec Corporation
Nidec Corporation (NYSE:NJ) (Tokyo:6594) is the global leader in drive-technology products. 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 November 2006, Nidec had 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