Nidec Announces Financial Results for Fiscal First
Post# of 301275
KYOTO, Japan, July 23, 2013 (GLOBE NEWSWIRE) -- Nidec Corporation (NYSE: NJ ) today announced its consolidated results under U.S.GAAP for the period of April 1, 2013 through June 30, 2013.
The highlights are as follows:
- Sales up 18% y/y and 13.6% q/q to a quarterly record of JPY 211.3 billion.
- Operating income of JPY 18.1 billion, a positive swing of approximately JPY 43.5 billion compared to a loss from operations of JPY 25.4 in the fourth quarter ended March 31, 2013. Operating income on a y/y basis down 18.5%.
- Upward revision to the 1H and full-year financial forecasts.
- EPS: 99.56 yen (basic)
92.93 yen (diluted)
| Selected Consolidated Results of Operations (Unaudited) | (Yen in millions, except for per share amounts and percentages) | |||
| Three months ended June 30, | Increase (Decrease)% | (Reference) Three months ended March 31, 2013 | ||
| 2013 | 2012 | |||
| Net sales | 211,276 | 179,021 | 18.0% | 186,060 |
| Operating income | 18,080 | 22,183 | (18.5%) | (25,399) |
| Ratio of operating income to net sales | 8.6% | 12.4% | -- | -- |
| Income before income taxes | 17,399 | 18,334 | (5.1%) | (24,409) |
| Ratio of income before income taxes to net sales | 8.2% | 10.2% | -- | -- |
| Net income attributable to Nidec Corporation | 13,359 | 13,282 | 0.6% | (19,095) |
| Ratio of net income attributable to Nidec Corporation to net sales | 6.3% | 7.4% | -- | -- |
| Net income attributable to shareholders per share-basic-- | 99.56 | 97.99 | -- | -- |
| Net income attributable to shareholders per share-diluted | 92.93 | 91.53 | -- | -- |
Full copy of Nidec's financial statements for the first quarter ended June 30, 2013:
http://www.nidec.co.jp/english/news/indexdata...0723_2.pdf
A conference call webcast (audio-only, user-control slides attached) discussing Nidec's financial results for the first quarter ended June 30, 2013 is scheduled for 09:00 a.m. EDT on Tuesday, July 23, 2013. To listen to the webcast, please visit Nidec website at: http://www.nidec.co.jp/english/ir/information/FY13Q1
About Nidec Corporation
Nidec Corporation (NYSE: NJ ) (Tokyo/Osaka:6594) is a global leader in electric motor drive technology. For the first quarter ended June 30, 2013, 41.6% of its consolidated sales were represented by small precision motors; 27.5% by appliance, commercial and industrial products; 12.3% by automotive products; 8.3% by electronic and optical components; 9.4% by machinery, and 0.9% by the remaining product lines. Nidec was founded in Kyoto, Japan in 1973 by Shigenobu Nagamori, its current President and CEO.
Masahiro Nagayasu General Manager Investor Relations +81-75-935-6140
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