KYOTO, Japan, Oct. 23, 2018 (GLOBE NEWSWIRE) -- Nidec Corporation (TSE: 6594) NJDCY today announced its consolidated financial results under the International Financial Reporting Standards ("IFRS") for the period of April 1, 2018 through September 30, 2018.
The highlights are as follows:
- Record-high first-half net sales, operating profit, profit before income taxes and profit attributable to owners of the parent
- Record-high quarterly net sales, operating profit, profit before income taxes and profit attributable to owners of the parent
- Year-end dividend projection raised
Selected Consolidated Results of Operations (Unaudited) (IFRS-Based)
| Yen in millions, except for per share amounts and percentages | Six months ended September 30, | Increase (Decrease) % | Three months ended September 30, | Increase (Decrease) % | ||||||||
| 2018 | 2017 | 2018 | 2017 | |||||||||
| Net sales | 777,604 | 715,890 | 8.6 | % | 393,839 | 372,799 | 5.6 | % | ||||
| Operating profit | 98,237 | 81,765 | 20.1 | % | 51,649 | 42,898 | 20.4 | % | ||||
| Ratio of operating profit to net sales | 12.6 | % | 11.4 | % | - | 13.1 | % | 11.5 | % | - | ||
| Profit before income taxes | 98,267 | 75,783 | 29.7 | % | 51,379 | 39,612 | 29.7 | % | ||||
| Ratio of profit before income taxes to net sales | 12.6 | % | 10.6 | % | - | 13.0 | % | 10.6 | % | - | ||
| Profit attributable to owners of the parent | 78,510 | 59,421 | 32.1 | % | 41,192 | 31,344 | 31.4 | % | ||||
| Ratio of profit attributable to owners of the parent to net sales | 10.1 | % | 8.3 | % | - | 10.5 | % | 8.4 | % | - | ||
| Earnings per share attributable to owners of the parent -Basic | 265.84 | 200.69 | - | 139.67 | 105.86 | - | ||||||
| Earnings per share attributable to owners of the parent -Diluted | 265.84 | 200.69 | - | 139.67 | 105.86 | - | ||||||
Full copy of Nidec's financial statements for the second quarter and six months ended September 30, 2018:
https://www.nidec.com/en-Global/ir/news/2018/news1023-01/
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, 2018 is scheduled for 09:00 a.m. EDT on Wednesday, October 24, 2018. To listen to the webcast, please visit Nidec website at:
http://www.nidec.com/en-Global/ir/calendar/schedule/archive/FY18Q2/
About Nidec Corporation
Nidec Corporation (TSE: 6594) NJDCY is a global leader in electric motor drive technology. For the six months ended September 30, 2018, 29.4% of its consolidated sales were represented by small precision motors; 19.5% by automotive products; 35.0% by appliance, commercial and industrial products; 11.0% by machinery; 4.8% 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 Chairman and CEO.
Contact:
Masahiro Nagayasu
General Manager
Investor Relations
+81-75-935-6140
ir@nidec.com
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