KYOTO, Japan, April 24, 2009 (GLOBE NEWSWIRE) -- Nidec Corporation (NYSE:NJ) today announced its financial results under U.S. GAAP for the period of April 1, 2008 to March 31, 2009. The following are the highlights: * Net sales: Down 15.8% Y/Y * Operating income: Down 33.2% Y/Y * Income from continuing operations before income tax: Down 26.8% Y/Y * Net income: Down 31.1% Y/Y * Diluted EPS: 194.12 yen Note: In accordance with the SFAS No.144, the optical pickup business has been reclassified as discontinued operations. Relevant prior-period statements have been retrospectively restated to reflect this reclassification. Consolidated Financial Results Japanese yen (millions except per share amounts) ----------------------------- Year ended Year ended March 31, March 31, ----------------------------- 2009 2008 ----------------------------- Net sales 613,458 728,756 Y/Y change % (15.8%) 18.6% Operating income 51,806 77,542 Y/Y change % (33.2%) 17.6% Income from continuing operations before income taxes 47,029 64,255 Y/Y change % (26.8%) (5.0%) Net income from continuing operations 30,740 41,879 Y/Y change % (26.6%) -- *Loss on discontinued operations (2,387) (723) Net income 28,353 41,156 Y/Y change % (31.1%) 3.1% Net income per share, primary 197.42 284.00 Net income per share, diluted 194.12 276.29 ----------------------------- Full copy of Nidec's earnings release: http://www.nidec.co.jp/english/ir/lib/indexdata2/2009/Q4_3.pdf A conference call webcast (listen only, user-control slides attached) discussing Nidec's FY2008 results is scheduled for 09:00 a.m. EDT (14:00 p.m. GMT) on Monday, April 27, 2009. To listen to the webcast, please visit Nidec website at: http://www.nidec.co.jp/english/ir/information/FY08Q4 About Nidec Corporation Nidec Corporation (NYSE:NJ) (Tokyo/Osaka:6594) is a global leader in motor drive technology. For the year ended March 31, 2009, small precision motors and mid-size motors represented 63.8% of Nidec's sales mix; electronic and 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.globenewswire.com/newsroom/prs/?pkgid=1734 CONTACT: Nidec Corporation Investor Relations Masahiro Nagayasu, General Manager +81-75-935-6140 ir@jp.nidec.com
Nidec Announces Financial Results for Fiscal Year Ended March 31, 2009
| Source: Nidec Corporation