KYOTO, Japan, Oct. 26, 2007 (PRIME NEWSWIRE) -- Nidec Corporation (NYSE:NJ) announced today its financial results under U.S. GAAP for the period of April 1, 2007 to September 30, 2007.
The following are the highlights:
* Record sales and operating income
* Y/Y growth achieved in three business segments:
--Small Precision Motors
--Mid-size Motors
--Electronic and Optical Components
* Mid-size motors on the upswing: sales doubled, operating
Income surged.
* Diluted EPS: 136.63 yen
* Interim dividend per share: 25 yen
Consolidated Financial Results
Consolidated Financial Results
Japanese yen
(Millions except
per share amounts)
-------------------------------
Six months ended
September 30,
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2007 2006
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Net sales 362,701 299,837
Percent change from
the previous period 21% 17.0%
Operating income 34,076 32,046
Percent change from
the previous period 6.3% 27.8%
Income before income tax 31,506 32,661
Percent change from the
previous period 3.5% 8.2%
Net income 20,357 20,776
Percent change from the
previous period 2.0% 1.8%
Net income per share,
primary 140.50 143.65
Net income per share,
diluted 136.63 139.59
Full copy of the Nidec earnings release: http://www.nidec.co.jp/english/ir/indexdata_e/2007/1026-004.pdf
Nidec subsidiaries' relevant press releases: http://www.nidec.co.jp/english/ir/indexdata_e/2007/1026-002.pdf
Webcast Conference Call scheduled for Monday, October 29, 2007: http://www.nidec.co.jp/english/ir/information/FY07Q2
About Nidec Corporation
Nidec Corporation (NYSE:NJ) (TSE:6594) is a global leader in drive-technology products, focusing on brushless DC motors. Nidec manufactures small precision motors and mid-size motors, which combined comprise 65.1% of its total sales; machinery and other products comprise the remainder. As of September 30, 2007, Nidec had 140 group companies, employing 125,000 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.primenewswire.com/newsroom/prs/?pkgid=1734