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Nidec Announces Financial Results for Fiscal First Quarter Ended June 30, 2018

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KYOTO, Japan, July 25, 2018 (GLOBE NEWSWIRE) -- Nidec Corporation (TSE:6594) (OTCMKTS:NJDCY) today announced its consolidated results under the International Financial Reporting Standards ("IFRS") for the three-month period ended June 30, 2018. 

The highlights are as follows:

  • Record-high quarterly operating profit, profit before income taxes, and profit attributable to owners of the parent
  • Highest-ever quarterly operating profit of both "Automotive Products" and "Appliance, Commercial and Industrial Products" with double-digit operating profit ratio
  • Upward revision to first-half and full-year FY2018 financial forecasts
  • EPS: ¥126.29 (basic and diluted) 

Selected Consolidated Results of Operations (Unaudited) (IFRS-Based) 

Yen in millions except for per share amounts and percentages Three months ended
June 30
Change
%
  2018 2017
Net sales 383,765 343,091 11.9%
Operating profit 46,641 38,867 20.0%
Ratio of operating profit to net sales 12.2% 11.3% -
Profit before income taxes 46,941 36,171 29.8%
Ratio of profit before income taxes to net sales 12.2% 10.5% -
Profit attributable to owners of the parent 37,353 28,077 33.0%
Ratio of profit attributable to owners of the parent to net sales 9.7% 8.2% -
Earnings per share attributable to owners of the parent
-Basic
126.29 94.83 -
Earnings per share attributable to owners of the parent
-Diluted
126.29 94.83 -

Full copy of Nidec's financial statements for the three-month period ended June 30, 2018:
http://www.nidec.com/en-Global/ir/news/2018/news0725-02/ 

A conference call webcast (audio-only, user-control slides attached) discussing Nidec's financial results for the fiscal first quarter ended June 30, 2018 is scheduled for 09:00 a.m. EDT on Wednesday, July 25, 2018. To listen to the webcast, please visit Nidec website at:
http://www.nidec.com/en-Global/ir/calendar/schedule/archive/FY18Q1/ 

About Nidec Corporation
Nidec Corporation (TSE:6594) (OTCMKTS:NJDCY) is a global leader in electric motor drive technology. For the first quarter ended June 30, 2018, 27.7% of its consolidated sales were represented by small precision motors; 20.1% by automotive products; 36.1% by appliance, commercial and industrial products; 11.1% by machinery; 4.7% by electronic and optical components, and 0.3% by the remaining products 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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