KYOTO, Japan, July 27, 2006 (PRIMEZONE) -- Nidec Corporation (NYSE:NJ) (Tokyo, Osaka:6594) announced today its financial results under U.S.GAAP for the period of April 1, 2006, to June 30, 2006.
Following are the highlights:
-- YoY sales and operating income up 19% and 56.6%, respectively,
marking the highest operating income margin ever achieved in the
April-June period.
-- Record sales of "Small Precision Motors" drove the consolidated
performance.
-- "Mid-size Motors" returned to profitability.
-- "Machinery" up 39% in sales and 160% in operating profit YoY.
Strong sales of industrial robots contributed.
-- Diluted EPS: 59.45 yen
FINANCIAL STATEMENTS (U.S. GAAP)
RESULTS FOR THE FISCAL QUARTER ENDED JUNE 30, 2006
(FROM APRIL 1, 2006 TO JUNE 30, 2006)
CONSOLIDATED
Japanese yen
(millions except per share amounts)
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Three months ended Year ended
June 30, March 31,
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2006 2005 2006
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Net sales 145,819 122,499 536,858
Percent change from the previous
period 19.0% 9.1% 10.5%
Operating income 15,034 9,602 53,426
Percent change from the previous
period 56.6% (12.9)% (0.4%)
Income before income taxes and
minority interests 14,028 11,959 64,378
Percent change from the previous
period 17.3% (12.0)% 12.4%
Net income 8,849 8,794 40,949
Percent change from the previous
period 0.6% 3.4% 22.4%
Net income per share, primary 61.19 61.59(a) 285.47(a)
Net income per share, diluted 59.45 59.17(a) 275.05(a)
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(a) The per-share amounts have been restated to retroactively reflect the effect of the two-for-one stock split effective November 18, 2005.
Full copy of Nidec's earnings release: http://www.nidec.co.jp/english/ir/lib/lib_2_us.html
About Nidec Corporation
Nidec Corporation (NYSE:NJ) (Tokyo, Osaka:6594) is the global leader in drive-technology products, focusing on brushless DC motors. Nidec manufactures small precision motors and mid-size motors, which comprise 57.5% of its total sales; machinery and other products comprise the remainder. As of March 2006, Nidec had 110 group companies in 14 countries employing 100,000 people. The Company was founded in Kyoto, Japan in 1973 by Shigenobu Nagamori, its current President and CEO.
The Nidec Corporation logo is available at http://www.primezone.com/newsroom/prs/?pkgid=1734