KYOTO, Japan, Oct. 27, 2006 (PRIMEZONE) -- Nidec Corporation (NYSE:NJ) (Osaka Stock Exchange:6594) (Tokyo Stock Exchange:6594) announced today its financial results under U.S.GAAP for the period of April 1, 2006 to September 30, 2006.
The following are the highlights:
-- Record sales, operating income, income before tax and net income
-- "HDD motors" up 21%-22% both in sales and shipment year-over-year
-- "Mid-size Motors" back to profit
-- New M&A deals: Acquisition of the Motors & Actuators business
of Valeo S.A.,France in progress
-- Diluted EPS: JPY 139.59
-- Interim dividend per share: JPY 20 (up 60% year-over-year)
Consolidated Financial Results
Japanese yen (Millions except per share amounts)
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Six months ended
September 30,
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2006 2005
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Net sales 299,837 256,174
Percent change from the previous period 17.0% 8.4%
Operating income 32,046 25,078
Percent change from the previous period 27.8% 4.1%
Income before income tax 32,661 30,187
Percent change from the previous period 8.2% 10.0%
Net income 20,776 20,401
Percent change from the previous period 1.8% 27.1%
Net income per share, primary 143.65 142.83(a)
Net income per share, diluted 139.59 137.20(a)
(a) For convenience of reference, the per-share amounts for the
six months ended September 30, 2005, have been restated
to retroactively reflect the effect of the two-for-one stock
split that took effect on November 18, 2005.
Full copy of the Nidec earnings release:
http://www.nidec.co.jp/english/ir/indexdata_e/2006/1027-001.pdf
Nidec dividend release:
http://www.nidec.co.jp/english/ir/indexdata_e/2006/1027-003.pdf
Nidec subsidiaries' relevant press releases:
http://www.nidec.co.jp/english/ir/update06.html
Webcast Conference Call scheduled for Monday, October 30, 2006:
http://www.nidec.co.jp/english/ir/information/FY06Q2
About Nidec Corporation
Nidec Corporation (NYSE:NJ) (Osaka Stock Exchange:6594) (Tokyo Stock Exchange:6594) is a global leader in drive-technology products, focusing on brushless DC motors. Nidec manufactures small precision motors and mid-size motors, which comprise 58% of its total sales; machinery and other products comprise the remainder. As of September 30, 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