KYOTO, Japan, Feb. 1, 2008 (PRIME NEWSWIRE) -- Nidec Corporation (NYSE:NJ) (Tokyo:6594) announced today its financial results under U.S.GAAP for the period of April 1, 2007 to December 31, 2007.
The highlights are as follows:
* Record quarterly and nine-month sales, operating income and
net income.
* Oct-Dec operating income advanced significantly Y/Y in Small
Precision Motors, Mid-size Motors and Electronic/Optical
Components.
* Oct-Dec net income up 50% both Q/Q and Y/Y.
* EPS: 236.73 yen
Consolidated Financial Results
Japanese yen (millions except per share amounts)
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Year
Three months Nine months ended
ended Dec. 31, ended Dec. 31, Mar. 31,
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2007 2006 2007 2006 2007
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Net sales 196,287 159,304 558,988 459,141 629,667
Percent change
from the
previous
period 23.2% 16.5% 21.7% 16.9% 17.3%
Operating
income 23,074 17,031 57,150 49,077 64,009
Percent change
from the
previous
period 35.5% 13.5% 16.4% 22.4% 19.8%
Income before
income taxes
and minority
interests 22,146 18,057 53,652 50,718 65,595
Percent change
from the
previous
period 22.6% (8.1)% 5.8% 1.8% 1.9%
Net income 13,946 9,299 34,303 30,075 39,932
Percent change
from the
previous
period 50.0% (23.3)% 14.1% (7.5)% (2.5)%
Net income
per share,
primary 96.22 64.28 236.73 207.92 276.03
Full copy of Nidec's earnings releases: http://www.nidec.co.jp/english/ir/indexdata_e/2008/0201-10.pdf
An investor meeting regarding Nidec's financial results for the third quarter and nine months ended December 31, 2007 is scheduled for Wednesday, February 20, 2008, which can be accessed from http://www.nidec.co.jp/english/ir/information/FY07Q3
About Nidec Corporation
Nidec Corporation (NYSE:NJ) (Tokyo:6594) is the global leader in drive-technology products. Nidec manufactures small precision motors and mid-size motors, which comprise 66.4% of its total sales; machinery and other products comprise the remainder. As of December 2007, Nidec had 140 group companies and 125,000 employees. 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