KYOTO, Japan, Feb. 1, 2008 (PRIME NEWSWIRE) -- Nidec Corporation (NYSE:NJ) (Tokyo:6594) announced today its financial results under U.S.GAAP for the period of April 1, 2007 to December 31, 2007.
The highlights are as follows:
* Record quarterly and nine-month sales, operating income and net income. * Oct-Dec operating income advanced significantly Y/Y in Small Precision Motors, Mid-size Motors and Electronic/Optical Components. * Oct-Dec net income up 50% both Q/Q and Y/Y. * EPS: 236.73 yen
Consolidated Financial Results
Japanese yen (millions except per share amounts) --------------------------------------------------- Year Three months Nine months ended ended Dec. 31, ended Dec. 31, Mar. 31, --------------------------------------------------- 2007 2006 2007 2006 2007 --------------------------------------------------- Net sales 196,287 159,304 558,988 459,141 629,667 Percent change from the previous period 23.2% 16.5% 21.7% 16.9% 17.3% Operating income 23,074 17,031 57,150 49,077 64,009 Percent change from the previous period 35.5% 13.5% 16.4% 22.4% 19.8% Income before income taxes and minority interests 22,146 18,057 53,652 50,718 65,595 Percent change from the previous period 22.6% (8.1)% 5.8% 1.8% 1.9% Net income 13,946 9,299 34,303 30,075 39,932 Percent change from the previous period 50.0% (23.3)% 14.1% (7.5)% (2.5)% Net income per share, primary 96.22 64.28 236.73 207.92 276.03
Full copy of Nidec's earnings releases: http://www.nidec.co.jp/english/ir/indexdata_e/2008/0201-10.pdf
An investor meeting regarding Nidec's financial results for the third quarter and nine months ended December 31, 2007 is scheduled for Wednesday, February 20, 2008, which can be accessed from http://www.nidec.co.jp/english/ir/information/FY07Q3
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 66.4% of its total sales; machinery and other products comprise the remainder. As of December 2007, Nidec had 140 group companies and 125,000 employees. 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.primenewswire.com/newsroom/prs/?pkgid=1734