KYOTO, Japan, Oct. 26, 2007 (PRIME NEWSWIRE) -- Nidec Corporation (NYSE:NJ) today announced an upward revision on its subsidiaries' consolidated financial forecasts for the year ending March 31, 2008 as follows.
Revised consolidated financial forecasts (Japanese GAAP) for the year ending March 31, 2008.
1. Nidec Sankyo Corporation (First Section of the Tokyo Stock Exchange, Code: 7757)
(From April 1, 2007 to March 31, 2008) (Yen in millions, %)
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For the year ending March 31, 2008
--------------------------------------- For the
Previous Revised Change Change year
forecast Forecast (amount) (percent) ended
(April 25, March 31,
2007) 2007
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Net sales 105,000 107,000 2,000 1.9% 112,628
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Operating income 8,000 9,000 1,000 12.5% 9,439
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Recurring income 8,000 9,000 1,000 12.5% 10,019
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Net income 6,000 6,500 500 8.3% 10,287
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2. Nidec Copal Corporation (First Section of the Tokyo Stock Exchange, Code: 7756)
(From April 1, 2007 to March 31, 2008) (Yen in millions, %)
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For the year ending March 31, 2008
--------------------------------------- For the
Previous Revised Change Change year
forecast Forecast (amount) (percent) ended
(April 25, March 31,
2007) 2007
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Net sales 86,000 87,000 1,000 1.2% 84,012
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Operating income 6,500 7,000 500 7.7% 5,827
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Recurring income 6,600 7,200 600 9.1% 6,076
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Net income 4,000 4,800 800 20.0% 4,304
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Earnings per share 63.63 76.36 12.73 20.0% 68.48
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