KYOTO, Japan, Oct. 24, 2012 (GLOBE NEWSWIRE) -- Nidec Corporation (NYSE:NJ) today announced its consolidated results under U.S.GAAP for the period of April 1, 2012 through September 30, 2012.
The highlights are as follows:
- Six-month operating income up 5% y/y, with margin ratio edging up 0.7 points to 12.1%, while sales down 1.0% y/y.
- Three out of six previously announced acquisitions completed to lay the groundwork for a new phase of global growth.
- Diluted EPS: 187.29 yen (for the six months ended September 30, 2012)
-
Interim dividend: 45 yen per share
Projected annual dividend: 95 yen per share
| Selected Consolidated Results of Operations | ||||||
| (Yen in millions, except for per share amounts and percentages) | ||||||
| Six months | Three months | |||||
| Ended | Increase | Ended | Increase | |||
| September 30, | (Decrease) | September 30, | (Decrease) | |||
| % | % | |||||
| 2012 | 2011 | 2012 | 2011 | |||
| (unaudited) | (unaudited) | |||||
| Net sales | 353,540 | 357,291 | (1.0%) | 174,519 | 180,657 | (3.4%) |
| Operating income | 42,816 | 40,767 | 5.0% | 20,314 | 20,920 | (2.9%) |
| Ratio of operating income to net sales | 12.1% | 11.4% | 11.6% | 11.6% | ||
| Income from continuing operations before income taxes | 37,670 | 34,587 | 8.9% | 19,017 | 16,327 | 16.5% |
| Ratio of income from continuing operations before income taxes to net sales | 10.7% | 9.7% | -- | 10.9% | 9.0% | -- |
| Income from continuing operations | 28,878 | 26,316 | 9.7% | 14,795 | 12,336 | 19.9% |
| Loss from discontinued operations | -- | (1,362) | -- | -- | (686) | -- |
| Net income attributable to Nidec Corporation | 26,920 | 22,529 | 19.5% | 13,434 | 10,319 | 30.2% |
| Ratio of net income attributable to Nidec Corporation to net sales | 7.6% | 6.3% | -- | 7.7% | 5.7% | -- |
| Net income attributable to shareholders per share-basic | 200.66 | 163.08 | -- | 101.17 | 74.86 | -- |
| Net income attributable to shareholders per share-diluted | 187.29 | 152.49 | -- | 94.37 | 69.98 | -- |
Full copy of Nidec's financial statements for the second quarter ended September 30, 2012:
http://www.nidec.co.jp/english/ir/lib/indexdata2/2013/Q2_3.pdf
A conference call webcast (audio-only, user-control slides attached) discussing Nidec's financial results for the second quarter ended September 30, 2012 is scheduled for 09:00 a.m. EDT (14:00 p.m. BST) on Thursday, October 25, 2012.
To listen to the webcast, please visit Nidec website at:
http://www.nidec.co.jp/english/ir/information/FY12Q2
About Nidec Corporation
Nidec Corporation (NYSE:NJ) (Tokyo/Osaka:6594) is a global leader in electric motor drive solutions. For the six months ended September 30, 2012, small precision motors and automotive, household, commercial and industrial products combined represented 76.2% of the company's consolidated sales. 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