KYOTO, Japan, July 22, 2015 (GLOBE NEWSWIRE) -- Nidec Corporation (NYSE:NJ) today announced its consolidated results under U.S. GAAP for the period of April 1, 2015 through June 30, 2015.
The highlights are as follows:
- Record-high quarterly net sales, operating income, income before taxes and net income
- Nine consecutive quarters of operating income increase
- Nine consecutive quarters of operating income increase for Automotive, Appliance, Commercial and Industrial Products
-
EPS: 81.99 (basic)
81.08 (diluted)
| Selected Consolidated Results of Operations (Unaudited) | ||||
| Yen in millions except for per share amounts and percentages |
Three months ended June 30 |
Increase (Decrease) % |
(Reference) Year ended March 31, 2015 |
|
| 2015 | 2014 | |||
| Net sales | 285,041 | 240,188 | 18.7 | 1,028,385 |
| Operating income | 31,061 | 25,035 | 24.1 | 111,218 |
| Ratio of operating income to net sales | 10.9% | 10.4% | -- | 10.8% |
| Income before income taxes | 32,705 | 24,454 | 33.7 | 107,371 |
| Ratio of income before income taxes to net sales | 11.5% | 10.2% | -- | 10.4% |
| Net income attributable to Nidec Corporation | 24,196 | 17,573 | 37.7 | 76,216 |
| Ratio of net income attributable to Nidec Corporation to net sales | 8.5% | 7.3% | -- | 7.4% |
| Net income attributable to Nidec Corporation shareholders per share-basic | 81.99 | 63.72 | -- | -- |
| Net income attributable to Nidec Corporation shareholders per share-diluted | 81.08 | 59.76 | -- | -- |
Full copy of Nidec's financial statements for the first quarter ended June 30, 2015:
http://www.nidec.com/en-Global/ir/news/2015/news0722-02/
A conference call webcast (audio-only, user-control slides attached) discussing Nidec's financial results for the fiscal first quarter ended June 30, 2015 is scheduled for 09:00 a.m. EDT on Wednesday, July 22, 2015. To listen to the webcast, please visit Nidec website at:
http://www.nidec.com/en-Global/ir/calendar/schedule/archive/FY15Q1/
About Nidec Corporation
Nidec Corporation (NYSE:NJ) (Tokyo:6594) is a global leader in electric motor drive technology. For the first quarter ended June 30, 2015, 36.5% of its consolidated sales were represented by small precision motors; 25.0% by appliance, commercial and industrial products; 23.2% by automotive products; 9.4% by machinery; 5.6% by electronic and optical components, and 0.4% by the remaining products lines. Nidec was founded in Kyoto, Japan in 1973 by Shigenobu Nagamori, its current President and CEO.