KYOTO, Japan, Jan. 23, 2019 (GLOBE NEWSWIRE) -- Nidec Corporation (TSE: 6594) (OTC US: NJDCY) today announced its consolidated financial results under the International Financial Reporting Standards (“IFRS”) for the period of April 1, 2018 through December 31, 2018.
The highlights are as follows:
Selected Consolidated Results of Operations (Unaudited) (IFRS-Based)
Yen in millions, except for per share amounts and percentages | Nine months ended December 31, | Increase (Decrease) % | Three months ended December 31, | Increase (Decrease) % | ||
2018 | 2017 | 2018 | 2017 | |||
Net sales | 1,154,306 | 1,105,921 | 4.4% | 376,702 | 390,031 | (3.4%) |
Operating profit | 129,367 | 126,160 | 2.5% | 31,130 | 44,395 | (29.9%) |
Ratio of operating profit to net sales | 11.2% | 11.4% | - | 8.3% | 11.4% | - |
Profit before income taxes | 131,298 | 118,756 | 10.6% | 33,031 | 42,973 | (23.1%) |
Ratio of profit before income taxes to net sales | 11.4% | 10.7% | - | 8.8% | 11.0% | - |
Profit attributable to owners of the parent | 103,214 | 93,984 | 9.8% | 24,704 | 34,563 | (28.5%) |
Ratio of profit attributable to owners of the parent to net sales | 8.9% | 8.5% | - | 6.6% | 8.9% | - |
Earnings per share attributable to owners of the parent -Basic | 349.90 | 317.43 | - | 83.94 | 116.74 | - |
Earnings per share attributable to owners of the parent -Diluted | 349.90 | 317.43 | - | 83.94 | 116.74 | - |
Full copy of Nidec’s financial statements for the third quarter and nine months ended December 31, 2018:
http://www.nidec.com/en-Global/ir/news/2019/news0123-02/
A conference call webcast (audio-only, user-control slides attached) discussing Nidec’s financial results for the third quarter and nine months ended December 31, 2018 is scheduled for 09:00 a.m. EST on Wednesday, January 23, 2019. To listen to the webcast, please visit Nidec website at:
http://www.nidec.com/en-Global/ir/calendar/schedule/archive/FY18Q3/
About Nidec Corporation
Nidec Corporation (TSE: 6594) (OTC US: NJDCY) is a global leader in electric motor drive technology. For the nine months ended December 31, 2018, 29.7% of its consolidated sales were represented by small precision motors; 19.4% by automotive products; 34.9% by appliance, commercial and industrial products; 10.8% by machinery; 4.9% 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 Chairman and CEO.
NIDEC CORPORATION CORPORATE OFFICE: 338 KUZETONOSHIRO-CHO, MINAMI-KU, KYOTO 601-8205 JAPAN PHONE: KYOTO +81-75-935-6140 FAX: +81-75-935-6141 URL: https://www.nidec.com/en-Global/
Contact: |
Masahiro Nagayasu |
General Manager |
Investor Relations |
+81-75-935-6140 |
ir@nidec.com |