KYOTO, Japan, July 23, 2010 (GLOBE NEWSWIRE) -- Nidec Corporation (NYSE:NJ) today announced its financial results under U.S. GAAP for the period of April 1, 2010 to June 30, 2010.
The following are the highlights:
- Sales Up 38% Y/Y.
- Operating Income Up 163% Y/Y to a Record High.
- Small Precision Motors Operating Income Ratio Reached 21.1%, Crossing the 20% Mark for 3rd Consecutive Quarter.
- All Listed Subsidiaries Delivered Solid Performance, Outpacing Original Expectations.
- Net Income Per Share, Primary: 98.95 Yen (No potentially dilutive securities.)
Full copy of the press release: http://www.nidec.co.jp/english/ir/lib/indexdata2/2011/Q1_3.pdf
Summary of Consolidated Financial Results for 1Q Ended June 30, 2010
| Japanese yen (millions except per share amounts) | ||
| Three months ended June 30, | ||
| 2010 | 2009 | |
| Net sales | 170,800 | 123,486 |
| Y/Y change % | 38.3% | (29.0%) |
| Operating income | 27,003 | 10,284 |
| Y/Y change % | 162.6% | (44.1%) |
| Income from continuing operations before income taxes | 20,972 | 8,750 |
| Y/Y change % | 139.7% | (62.1%) |
| Net income | 13,783 | 5,819 |
| Y/Y change % | 136.9% | (61.5%) |
| Net income per share, primary | 98.95 | 41.78 |
| Net income per share, diluted | 98.95 | 41.78 |
A conference call webcast (listen only, user-control slides attached) discussing Nidec's financial results for the first quarter FY2010 is scheduled for 09:00 a.m. EDT (14:00 p.m. BST) on Friday, July 23, 2010. To listen to the webcast, please visit Nidec website at: http://www.nidec.co.jp/english/ir/information/FY10Q1
About Nidec Corporation
Nidec Corporation (NYSE:NJ) (Tokyo/Osaka:6594) is a global leader in electric motor drive technology. For the three months ended June 30, 2010, electric motors (small precision motors and mid-size motors combined) represented 65.8% of the total sales; electronic and optical components, machinery and other products comprised the remainder. Nidec was founded in Kyoto, Japan in 1973 by Shigenobu Nagamori, its current President and CEO.
The Nidec Corporation logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=1734