Nidec Announces Financial Results for Fiscal Secon
Post# of 301275
KYOTO, Japan, Oct. 24, 2017 (GLOBE NEWSWIRE) -- Nidec Corporation (TSE: 6594 ) (OTC US:NJDCY) today announced its consolidated financial results under the International Financial Reporting Standards (“IFRS”) for the period of April 1, 2017 through September 30, 2017.
The highlights are as follows:
- Upward revision to the full-year FY2017 financial forecast
- Upward revision to FY2017 year-end dividend projection
- Record-high first-half net sales, operating profit, profit before income taxes and profit attributable to owners of the parent
- First-half operating profit of “Automotive, Appliance, Commercial and Industrial Products” exceeded that of “Small Precision Motors” for the first time
- Record-high quarterly net sales, operating profit and profit attributable to owners of the parent
- EPS: 202.90 (basic and diluted)
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)% | ||||||||
| 2017 | 2016 | 2017 | 2016 | |||||||||
| Net sales | 715,890 | 564,030 | 26.9 | % | 372,799 | 287,824 | 29.5 | % | ||||
| Operating profit | 82,612 | 68,985 | 19.8 | % | 43,590 | 37,461 | 16.4 | % | ||||
| Ratio of operating profit to net sales | 11.5 | % | 12.2 | % | - | 11.7 | % | 13.0 | % | - | ||
| Profit before income taxes | 76,630 | 66,274 | 15.6 | % | 40,304 | 37,187 | 8.4 | % | ||||
| Ratio of profit before income taxes to net sales | 10.7 | % | 11.8 | % | - | 10.8 | % | 12.9 | % | - | ||
| Profit attributable to owners of the parent | 60,074 | 50,094 | 19.9 | % | 31,880 | 28,066 | 13.6 | % | ||||
| Ratio of profit attributable to owners of the parent to net sales | 8.4 | % | 8.9 | % | - | 8.6 | % | 9.7 | % | - | ||
| Earnings per share attributable to owners of the parent | ||||||||||||
| -Basic | 202.90 | 168.89 | - | 107.68 | 94.63 | - | ||||||
| Earnings per share attributable to owners of the parent | ||||||||||||
| -Diluted | 202.90 | 168.89 | - | 107.68 | 94.63 | - | ||||||
Full copy of Nidec’s financial statements for the second quarter and six months ended September 30, 2017: http://www.nidec.com/en-Global/ir/news/2017/news1024-01/
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, 2017 is scheduled for 09:00 a.m. EDT on Wednesday, October 25, 2017. To listen to the webcast, please visit Nidec website at: http://www.nidec.com/en-Global/ir/calendar/sc...ve/FY17Q2/
About Nidec Corporation Nidec Corporation (TSE: 6594 ) (OTC US:NJDCY) is a global leader in electric motor drive technology. For the six months ended September 30, 2017, 34.9% of its consolidated sales were represented by appliance, commercial and industrial products; 30.8% by small precision motors; 19.6% by automotive products; 9.5% by machinery; 4.9% 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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