KYOTO, Japan, Oct. 21, 2015 (GLOBE NEWSWIRE) -- Nidec Corporation NJ today announced its consolidated results under U.S. GAAP for the period of April 1, 2015 through September 30, 2015.
The highlights are as follows:
- Record-high first half net sales, operating income, income before taxes and net income
- 30% increase in net income Y/Y
- Ten consecutive quarters of operating income increase following the structural reform in FY2012
- Seven consecutive quarters of net sales increase, reaching the 300 billion yen mark for the first time in its history
- EPS: 160.75 yen (basic)
159.57 yen (diluted)
- Interim dividend: 40 yen per share
- Projected annual dividend: 40 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 %) | ||||||||||||||
| 2015 | 2014 | 2015 | 2014 | |||||||||||||||
| Net sales | 587,352 | 489,511 | 20.0 | % | 302,311 | 249,323 | 21.3 | % | ||||||||||
| Operating income | 61,850 | 51,923 | 19.1 | % | 31,105 | 26,888 | 15.7 | % | ||||||||||
| Ratio of operating income to net sales | 10.5 | % | 10.6 | % | - | 10.3 | % | 10.8 | % | - | ||||||||
| Income before income taxes | 63,409 | 51,538 | 23.0 | % | 31,054 | 27,084 | 14.7 | % | ||||||||||
| Ratio of income before income taxes to net sales | 10.8 | % | 10.5 | % | - | 10.3 | % | 10.9 | % | - | ||||||||
| Net income attributable to Nidec Corporation | 47,622 | 36,713 | 29.7 | % | 23,827 | 19,140 | 24.5 | % | ||||||||||
| Ratio of net income attributable to Nidec Corporation to net sales | 8.1 | % | 7.5 | % | - | 7.9 | % | 7.7 | % | - | ||||||||
| Net income attributable to Nidec Corporation per share-basic | 160.75 | 133.11 | - | 80.12 | 69.40 | - | ||||||||||||
| Net income attributable to Nidec Corporation per share-diluted | 159.57 | 124.85 | - | 79.84 | 65.09 | - | ||||||||||||
Full copy of Nidec's financial statements for the second quarter and six months ended September 30, 2015:
http://www.nidec.com/en-Global/ir/news/2015/news1021-01/
A conference call webcast (audio-only, user-control slides attached) discussing Nidec's financial results for the second quarter and six months ended September 30, 2015 is scheduled for 09:00 a.m. EDT on Thursday, October 22, 2015. To listen to the webcast, please visit Nidec's website at:
http://www.nidec.com/en-Global/ir/calendar/schedule/archive/FY15Q2/
About Nidec Corporation
Nidec Corporation NJ (Tokyo:6594) is a global leader in electric motor drive technology. For the second quarter and six months ended September 30, 2015, 37.9% of its consolidated sales were represented by small precision motors; 23.8% by appliance, commercial and industrial products; 23.2% by automotive products; 9.1% by machinery; 5.5% by electronic and optical components, and 0.4% by the remaining products lines. Nidec was founded in Kyoto, Japan in 1973 by Shigenobu Nagamori, its current President and CEO.
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