Nidec Announces Financial Results for Fiscal Second Quarter and Six Months Ended September 30, 2015


KYOTO, Japan, Oct. 21, 2015 (GLOBE NEWSWIRE) -- Nidec Corporation (NYSE:NJ) today announced its consolidated results under U.S. GAAP for the period of April 1, 2015 through September 30, 2015.

The highlights are as follows:

  • Record-high first half net sales, operating income, income before taxes and net income
  • 30% increase in net income Y/Y
  • Ten consecutive quarters of operating income increase following the structural reform in FY2012
  • Seven consecutive quarters of net sales increase, reaching the 300 billion yen mark for the first time in its history
  • EPS: 160.75 yen (basic)
            159.57 yen (diluted)
  • Interim dividend: 40 yen per share
  • Projected annual dividend: 40 yen per share

Selected Consolidated Results of Operations (Unaudited)

Yen in millions, except for per share amounts and percentagesSix months ended
September 30,
Increase (Decrease
%)
Three months ended
September 30,
Increase (Decrease %)
  2015  2014  2015  2014 
Net sales 587,352  489,511  20.0% 302,311  249,323  21.3%
Operating income 61,850  51,923  19.1% 31,105  26,888  15.7%
Ratio of operating income to net sales 10.5% 10.6%  - 10.3% 10.8%  -
Income before income taxes 63,409  51,538  23.0% 31,054  27,084  14.7%
Ratio of income before income taxes to net sales 10.8% 10.5%  - 10.3% 10.9%  -
Net income attributable to Nidec Corporation 47,622  36,713  29.7% 23,827  19,140  24.5%
Ratio of net income attributable to Nidec Corporation to net sales 8.1% 7.5 %  - 7.9% 7.7%  -
Net income attributable to Nidec Corporation per share-basic 160.75  133.11   - 80.12  69.40   -
Net income attributable to Nidec Corporation per share-diluted 159.57  124.85   - 79.84  65.09   -

Full copy of Nidec’s financial statements for the second quarter and six months ended September 30, 2015:
http://www.nidec.com/en-Global/ir/news/2015/news1021-01/

A conference call webcast (audio-only, user-control slides attached) discussing Nidec’s financial results for the second quarter and six months ended September 30, 2015 is scheduled for 09:00 a.m. EDT on Thursday, October 22, 2015. To listen to the webcast, please visit Nidec's website at:
http://www.nidec.com/en-Global/ir/calendar/schedule/archive/FY15Q2/

About Nidec Corporation

Nidec Corporation (NYSE:NJ) (Tokyo:6594) is a global leader in electric motor drive technology. For the second quarter and six months ended September 30, 2015, 37.9% of its consolidated sales were represented by small precision motors; 23.8% by appliance, commercial and industrial products; 23.2% by automotive products; 9.1% by machinery; 5.5% 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.


            

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