KYOTO, Japan, April 22, 2014 (GLOBE NEWSWIRE) -- Nidec Corporation (NYSE:NJ) today announced consolidated results under U.S. GAAP for the fiscal year ended March 31, 2014. The highlights are as follows:
- Record-high full-year sales of 875.1 billion yen
- Operating income up by near 4-fold to 85.1 billion yen y/y
- Record-high operating income for "Automotive, Appliance, Commercial and Industrial Products"
- Record-high income before tax and net income of 84.7 billion yen, and 56.4 billion yen, respectively
- EPS (diluted): 193.96 yen
- Year-end dividend: 55 yen (Annual dividend: 100 yen)
Consolidated Results of Operations | ||||||
(unaudited) | Yen in millions (except for per share amounts and percentages) | |||||
Year ended March 31 |
Increase (Decrease) |
Three months ended March 31 |
Increase (Decrease) |
|||
2014 | 2013 | % | 2014 | 2013 | % | |
(unaudited) | (unaudited) | |||||
Net sales | 875,109 | 709,270 | 23.4 | 228,384 | 186,060 | 22.7 |
Operating income | 85,068 | 17,598 | 383.4 | 23,202 | -25,428 | -- |
Ratio of operating income to net sales | 9.7% | 2.5% | -- | 10.2% | -13.7% | -- |
Income before income taxes | 84,664 | 13,398 | 531.9 | 22,139 | -24,438 | -- |
Ratio of income from continuing operations before income taxes to net sales | 9.7% | 1.9% | -- | 9.7% | -13.1% | -- |
Net income attributable to Nidec Corporation | 56,404 | 7,986 | 606.3 | 13,351 | -19,107 | -- |
Ratio of net income attributable to Nidec Corporation to net sales | 6.4% | 1.1% | -- | 5.8% | -10.3% | -- |
Net income attributable to Nidec Corporation stockholders per share-basic | 207.31 | 29.64 | -- | 48.41 | -70.77 | -- |
Net income attributable to Nidec Corporation stockholders per share-diluted | 193.96 | 27.49 | -- | 45.39 | -- | -- |
Full copy of Nidec's financial statements for the year ended March 31, 2014:
http://www.nidec.com/en-Global/ir/news/2014/news0422-01/
A conference call webcast (audio-only, user-control slides attached) discussing Nidec's financial results for the fiscal year ended March 31, 2014 is scheduled for 09:00 a.m. EDT on Wednesday, April 23, 2014. To listen to the webcast, please visit Nidec website at:
http://www.nidec.com/en-Global/ir/calendar/schedule/archive/FY13Q4/
About Nidec Corporation
Nidec Corporation (NYSE:NJ) (Tokyo/Osaka:6594) is a global leader in electric motor drive technology. For the year ended March 31, 2014, 41.4% of its consolidated sales were represented by small precision motors; 26.3% by appliance, commercial and industrial products; 13.2% by automotive products; 8.3% by electronic and optical components; 9.9% by machinery, and 0.9% by the remaining products lines. Nidec was founded in Kyoto, Japan in 1973 by Shigenobu Nagamori, its current President and CEO.