KYOTO, Japan, July 29, 2008 (PRIME NEWSWIRE) -- Nidec Corporation (NYSE:NJ) today announced its financial results under U.S. GAAP for the period of April 1, 2008 to June 30, 2008.
The following are the highlights:
* Net Sales: Up 4% Y/Y, despite a 13% Y/Y yen appreciation.
* Operating Income: Up 20% Y/Y, marking double-digit growth in all
operating segments.
* Income before Tax: Up 38% Y/Y. Record high, including FX Gain of
5.2B yen.
* Net Income: Up 36% Y/Y. Record high.
* Diluted EPS: 101.27 yen
Consolidated Financial Results
Japanese yen
(millions except per share amounts)
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Three months ended Year ended
June 30, March 31,
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2008 2007 2008
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Net sales 178,402 172,174 742,126
Percent change from the previous
period 3.6% 18.1% 17.9%
Operating income 18,131 15,106 76,833
Percent change from the previous
period 20.0% 0.5% 20.0%
Income before income taxes and
minority interests 23,253 16,831 62,683
Percent change from the previous
period 38.2% 20.0% (4.4%)
Net income 15,109 11,116 41,156
Percent change from the previous
period 35.9% 25.6% 3.1%
Net income per share, primary 104.24 76.75 284.00
Net income per share, diluted 101.27 74.63 276.29
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Full copy of Nidec's earnings release: http://www.nidec.co.jp/english/ir/indexdata_e/2008/0729_3.pdf
A conference call webcast (listen only) discussing Nidec's Q1FY2008 results is scheduled for 09:00 a.m. EDT (14:00 p.m. BST) on Tuesday, July 29, 2008. To listen to the webcast, please visit Nidec website at: http://www.nidec.co.jp/english/ir/information/FY08Q1
About Nidec Corporation
Nidec Corporation (NYSE:NJ) (Tokyo/Osaka:6594) is a global leader in motor drive technology, with 130,000 employees and 140 group companies worldwide. As of June 30, 2008, small precision Motors and mid-size motors represented 63.5% of Nidec's total sales; electronic/optical components, machinery and other products comprised the remainder. Nidec 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