Nidec Announces Financial Results for Fiscal Third Quarter and Nine Months Ended December 31, 2017
KYOTO, Japan, Jan. 24, 2018 (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 December 31, 2017.
The highlights are as follows:
- Record-high nine months net sales, operating profit, profit before income taxes and profit attributable to owners of the parent
- Record-high three months net sales, operating profit, profit before income taxes and profit attributable to owners of the parent
- EPS: 320.06 yen (basic and diluted)
Selected Consolidated Results of Operations (Unaudited)
| Yen in millions, except for per share amounts and percentages | Nine months ended December 31, |
Increase (Decrease) % |
Three months ended December 31, |
Increase (Decrease) % |
||||||||
| 2017 | 2016 | 2017 | 2016 | |||||||||
| Net sales | 1,105,921 | 868,228 | 27.4 | % | 390,031 | 304,198 | 28.2 | % | ||||
| Operating profit | 127,127 | 106,173 | 19.7 | % | 44,678 | 37,188 | 20.1 | % | ||||
| Ratio of operating profit to net sales | 11.5 | % | 12.2 | % | - | 11.5 | % | 12.2 | % | - | ||
| Profit before income taxes | 119,723 | 107,747 | 11.1 | % | 43,256 | 41,473 | 4.3 | % | ||||
| Ratio of profit before income taxes to net sales | 10.8 | % | 12.4 | % | - | 11.1 | % | 13.6 | % | - | ||
| Profit attributable to owners of the parent | 94,763 | 81,617 | 16.1 | % | 34,776 | 31,523 | 10.3 | % | ||||
| Ratio of profit attributable to owners of the parent to net sales | 8.6 | % | 9.4 | % | - | 8.9 | % | 10.4 | % | - | ||
| Earnings per share attributable to owners of the parent -Basic |
320.06 | 275.18 | - | 117.46 | 106.28 | - | ||||||
| Earnings per share attributable to owners of the parent -Diluted |
320.06 | 275.18 | - | 117.46 | 106.28 | - | ||||||
Full copy of Nidec’s financial statements for the third quarter and nine months ended December 31, 2017:
http://www.nidec.com/en-Global/ir/news/2018/news0124-02/
A conference call webcast (audio-only, user-control slides attached) discussing Nidec’s financial results for the third quarter and nine months ended December 31, 2017 is scheduled for 09:00 a.m. EST on Wednesday, January 24, 2018. To listen to the webcast, please visit Nidec website at:
http://www.nidec.com/en-Global/ir/calendar/schedule/archive/FY17Q3/
About Nidec Corporation
Nidec Corporation (TSE:6594) (OTC US:NJDCY) is a global leader in electric motor drive technology. For the nine months ended December 31, 2017, 34.5% of its consolidated sales were represented by appliance, commercial and industrial products; 31.2% by small precision motors; 19.6% by automotive products; 9.6% by machinery; 4.9% by electronic and optical components, and 0.3% by the remaining product 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
