KYOTO, Japan, July 25, 2018 (GLOBE NEWSWIRE) -- Nidec Corporation (TSE:6594) (OTC US:NJDCY) today announced its consolidated results under the International Financial Reporting Standards (“IFRS”) for the three-month period ended June 30, 2018.
The highlights are as follows:
- Record-high quarterly operating profit, profit before income taxes, and profit attributable to owners of the parent
- Highest-ever quarterly operating profit of both “Automotive Products” and “Appliance, Commercial and Industrial Products” with double-digit operating profit ratio
- Upward revision to first-half and full-year FY2018 financial forecasts
- EPS: ¥126.29 (basic and diluted)
Selected Consolidated Results of Operations (Unaudited) (IFRS-Based)
| Yen in millions except for per share amounts and percentages | Three months ended June 30 | Change % | ||
| 2018 | 2017 | |||
| Net sales | 383,765 | 343,091 | 11.9% | |
| Operating profit | 46,641 | 38,867 | 20.0% | |
| Ratio of operating profit to net sales | 12.2% | 11.3% | - | |
| Profit before income taxes | 46,941 | 36,171 | 29.8% | |
| Ratio of profit before income taxes to net sales | 12.2% | 10.5% | - | |
| Profit attributable to owners of the parent | 37,353 | 28,077 | 33.0% | |
| Ratio of profit attributable to owners of the parent to net sales | 9.7% | 8.2% | - | |
| Earnings per share attributable to owners of the parent -Basic | 126.29 | 94.83 | - | |
| Earnings per share attributable to owners of the parent -Diluted | 126.29 | 94.83 | - | |
Full copy of Nidec’s financial statements for the three-month period ended June 30, 2018:
http://www.nidec.com/en-Global/ir/news/2018/news0725-02/
A conference call webcast (audio-only, user-control slides attached) discussing Nidec’s financial results for the fiscal first quarter ended June 30, 2018 is scheduled for 09:00 a.m. EDT on Wednesday, July 25, 2018. To listen to the webcast, please visit Nidec website at:
http://www.nidec.com/en-Global/ir/calendar/schedule/archive/FY18Q1/
About Nidec Corporation
Nidec Corporation (TSE:6594) (OTC US:NJDCY) is a global leader in electric motor drive technology. For the first quarter ended June 30, 2018, 27.7% of its consolidated sales were represented by small precision motors; 20.1% by automotive products; 36.1% by appliance, commercial and industrial products; 11.1% by machinery; 4.7% by electronic and optical components, and 0.3% by the remaining products lines. Nidec was founded in Kyoto, Japan in 1973 by Shigenobu Nagamori, its current President and CEO.
| Contact: |
| Masahiro Nagayasu |
| General Manager |
| Investor Relations |
| +81-75-935-6140 |
| ir@nidec.com |