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Nidec Announces Financial Results for Fiscal Second Quarter and Six Months Ended September 30, 2017

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.

/EIN News/ -- 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/schedule/archive/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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