KYOTO, Japan, April 25, 2017 (GLOBE NEWSWIRE) -- Nidec Corporation (TSE:6594) (OTC US:NJDCY) today announced its consolidated financial results under the International Financial Reporting Standards (“IFRS”) for the fiscal year ended March 31, 2017.
The highlights are as follows:
- Net sales up 1.8% Y/Y, marking Nidec’s fifth consecutive year of record sales
- Operating profit up 19.3% Y/Y, marking the fourth consecutive year of increase following the structural reform in FY2012
- Profit attributable to owners of the parent exceeded 100 billion yen for the first time in Nidec’s history
- Full-year operating income ratio on Automotive, Appliance, Commercial and Industrial Products exceeded 10%, driving the company’s business portfolio transformation
- ROE rose 2 percentage points to 13.9%.
- EPS: 376.67 yen (basic)
376.67 yen (diluted) - Year-end dividend: 45 yen per share
- Annual dividend: 85 yen per share
Selected 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) % | |||||||
| 2017 | 2016 | 2017 | 2016 | ||||||||
| Net sales | 1,199,311 | 1,178,290 | 1.8 | % | 331,083 | 282,937 | 17.0 | ||||
| Operating profit | 140,331 | 117,662 | 19.3 | % | 34,158 | 27,376 | 24.8 | ||||
| Ratio of operating profit to net sales | 11.7 | % | 10.0 | % | - | 10.3 | % | 9.7 | % | - | |
| Profit before income taxes | 142,278 | 117,164 | 21.4 | % | 34,531 | 24,697 | 39.8 | ||||
| Ratio of profit before income taxes to net sales | 11.9 | % | 9.9 | % | - | 10.4 | % | 8.7 | % | - | |
| Profit attributable to owners of the parent | 111,721 | 89,945 | 24.2 | % | 30,104 | 20,419 | 47.4 | ||||
| Ratio of profit attributable to owners of the parent to net sales | 9.3 | % | 7.6 | % | - | 9.1 | % | 7.2 | % | - | |
| Earnings per share attributable to owners of the parent | |||||||||||
| -Basic | 376.67 | 303.04 | - | 101.50 | 68.84 | - | |||||
| Earnings per share attributable to owners of the parent | |||||||||||
| -Diluted | 376.67 | 301.93 | - | 101.50 | 68.84 | - | |||||
Full copy of Nidec’s financial statements for the year ended March 31, 2017:
http://www.nidec.com/en-Global/ir/news/2017/news0425-02/
A conference call webcast (audio-only, user-control slides attached) discussing Nidec’s financial results for the fiscal year ended March 31, 2017 is scheduled for 09:00 a.m. EDT on Wednesday, April 26, 2017. To listen to the webcast, please visit Nidec website at:
http://www.nidec.com/en-Global/ir/calendar/schedule/archive/FY16Q4/
About Nidec Corporation
Nidec Corporation (TSE:6594) (OTC US:NJDCY) is a global leader in electric motor drive technology. For the year ended March 31, 2017, 36.5% of its consolidated sales were represented by small precision motors; 25.9% by appliance, commercial and industrial products; 21.8% by automotive products; 10.2% by machinery; 5.3% by electronic and optical components, and 0.3% by the remaining product lines. Nidec was founded in Kyoto, Japan in 1973 by Shigenobu Nagamori, its current President and CEO.