KYOTO, Japan, Oct. 22, 2014 (GLOBE NEWSWIRE) -- Nidec Corporation (NYSE:NJ) today announced its consolidated results under U.S.GAAP for the period of April 1, 2014 through September 30, 2014.
The highlights are as follows:
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Record-high first half-year net sales of 489.5 billion yen
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Operating income up 34% Y/Y to 52.7 billion yen, marking six consecutive quarters of increase with the V-shaped recovery momentum sustained since the structural reform in FY2012
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Record-high first half-year income before income taxes and net income
-
Diluted EPS: 126.53 yen (for the six months ended September 30, 2014)
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Interim dividend: 30 yen per share
-
Projected annual dividend: 60 yen per share
Selected Consolidated Results of Operations (Unaudited)
|
|
|
|
|
|
|
Yen in millions, except for per share amounts and percentages |
Six months ended
September 30, |
Increase
(Decrease) |
Three months ended
September 30, |
Increase
(Decrease) |
|
|
|
% |
|
% |
|
| 2014 | 2013 |
| 2014 | 2013 |
|
|
Net sales |
489,511 |
429,634 |
13.9% |
249,323 |
218,358 |
14.2% |
|
Operating income |
52,676 |
39,337 |
33.9% |
27,124 |
21,290 |
27.4% |
|
Ratio of operating income to net sales |
10.8% |
9.2% |
-- |
10.9% |
9.8% |
-- |
|
Income before income taxes |
52,291 |
38,441 |
36.0% |
27,320 |
21,075 |
29.6% |
|
Ratio of income before income taxes to net sales |
10.7% |
8.9% |
-- |
11.0% |
9.7% |
-- |
|
Net income attributable to Nidec Corporation |
37,209 |
27,103 |
37.3% |
19,292 |
13,757 |
40.2% |
|
Ratio of net income attributable to Nidec Corporation to net sales |
7.6% |
6.3% |
-- |
7.7% |
6.3% |
-- |
|
Net income attributable to Nidec Corporation per share-basic* |
134.91 |
100.99 |
-- |
69.95 |
51.26 |
-- |
|
Net income attributable to Nidec Corporation per share-diluted* |
126.53 |
94.27 |
-- |
65.61 |
47.85 |
-- |
|
*We implemented a two-for-one stock split of our common stock effective April 1, 2014. The previously reported net income attributable to Nidec Corporation per share-basic and net income attributable to Nidec Corporation per share-diluted have been retroactively adjusted to reflect the stock split. |
Full copy of Nidec's financial statements for the second quarter and six months ended September 30, 2014: http://www.nidec.com/en-Global/ir/news/2014/news1022-01/
A conference call webcast (audio-only, user-control slides attached) discussing Nidec's financial results for the second quarter ended September 30, 2014 is scheduled for 09:00 a.m. EDT on Thursday, October 23, 2014. To listen to the webcast, please visit Nidec website at: http://www.nidec.com/en-Global/ir/calendar/schedule/archive/FY14Q2/
About Nidec Corporation
Nidec Corporation (NYSE:NJ) (Tokyo:6594) is a global leader in electric motor drive technology. For the six months ended September 30, 2014, 38.9% of its consolidated sales were represented by small precision motors; 25.6% by appliance, commercial and industrial products; 19.0% by automotive products; 9.2% by machinery; 6.6% by electronic and optical components, and 0.7% by the remaining product lines. Nidec was founded in Kyoto, Japan in 1973 by Shigenobu Nagamori, its current President and CEO.
CONTACT: Masahiro Nagayasu
General Manager
Investor Relations
+81-75-935-6140
ir@nidec.com
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