KYOTO, Japan, Oct. 22, 2014 (GLOBE NEWSWIRE) -- Nidec Corporation (NYSE:NJ) today announced its consolidated results under U.S.GAAP for the period of April 1, 2014 through September 30, 2014.
The highlights are as follows:
- Record-high first half-year net sales of 489.5 billion yen
- Operating income up 34% Y/Y to 52.7 billion yen, marking six consecutive quarters of increase with the V-shaped recovery momentum sustained since the structural reform in FY2012
- Record-high first half-year income before income taxes and net income
- Diluted EPS: 126.53 yen (for the six months ended September 30, 2014)
- Interim dividend: 30 yen per share
- Projected annual dividend: 60 yen per share
Selected Consolidated Results of Operations (Unaudited)
Yen in millions, except for per share amounts and percentages |
Six months ended September 30, |
Increase (Decrease) |
Three months ended September 30, |
Increase (Decrease) |
||
% | % | |||||
2014 | 2013 | 2014 | 2013 | |||
Net sales | 489,511 | 429,634 | 13.9% | 249,323 | 218,358 | 14.2% |
Operating income | 52,676 | 39,337 | 33.9% | 27,124 | 21,290 | 27.4% |
Ratio of operating income to net sales | 10.8% | 9.2% | -- | 10.9% | 9.8% | -- |
Income before income taxes | 52,291 | 38,441 | 36.0% | 27,320 | 21,075 | 29.6% |
Ratio of income before income taxes to net sales | 10.7% | 8.9% | -- | 11.0% | 9.7% | -- |
Net income attributable to Nidec Corporation | 37,209 | 27,103 | 37.3% | 19,292 | 13,757 | 40.2% |
Ratio of net income attributable to Nidec Corporation to net sales | 7.6% | 6.3% | -- | 7.7% | 6.3% | -- |
Net income attributable to Nidec Corporation per share-basic* | 134.91 | 100.99 | -- | 69.95 | 51.26 | -- |
Net income attributable to Nidec Corporation per share-diluted* | 126.53 | 94.27 | -- | 65.61 | 47.85 | -- |
*We implemented a two-for-one stock split of our common stock effective April 1, 2014. The previously reported net income attributable to Nidec Corporation per share-basic and net income attributable to Nidec Corporation per share-diluted have been retroactively adjusted to reflect the stock split. |
Full copy of Nidec's financial statements for the second quarter and six months ended September 30, 2014: http://www.nidec.com/en-Global/ir/news/2014/news1022-01/
A conference call webcast (audio-only, user-control slides attached) discussing Nidec's financial results for the second quarter ended September 30, 2014 is scheduled for 09:00 a.m. EDT on Thursday, October 23, 2014. To listen to the webcast, please visit Nidec website at: http://www.nidec.com/en-Global/ir/calendar/schedule/archive/FY14Q2/
About Nidec Corporation
Nidec Corporation (NYSE:NJ) (Tokyo:6594) is a global leader in electric motor drive technology. For the six months ended September 30, 2014, 38.9% of its consolidated sales were represented by small precision motors; 25.6% by appliance, commercial and industrial products; 19.0% by automotive products; 9.2% by machinery; 6.6% by electronic and optical components, and 0.7% by the remaining product lines. Nidec was founded in Kyoto, Japan in 1973 by Shigenobu Nagamori, its current President and CEO.