KYOTO, Japan, April 22, 2014 (GLOBE NEWSWIRE) -- Nidec Corporation (NYSE:NJ) today announced consolidated results under U.S. GAAP for the fiscal year ended March 31, 2014. The highlights are as follows:
-
Record-high full-year sales of 875.1 billion yen
-
Operating income up by near 4-fold to 85.1 billion yen y/y
-
Record-high operating income for "Automotive, Appliance, Commercial and Industrial Products"
-
Record-high income before tax and net income of 84.7 billion yen, and 56.4 billion yen, respectively
-
EPS (diluted): 193.96 yen
-
Year-end dividend: 55 yen (Annual dividend: 100 yen)
|
Consolidated Results of Operations |
|
|
(unaudited) |
Yen in millions (except for per share amounts and percentages) |
|
|
Year ended
March 31 |
Increase
(Decrease) |
Three months ended
March 31 |
Increase
(Decrease) |
|
|
2014 |
2013 |
% |
2014 |
2013 |
% |
|
|
(unaudited) |
|
(unaudited) |
|
|
Net sales |
875,109 |
709,270 |
23.4 |
228,384 |
186,060 |
22.7 |
|
Operating income |
85,068 |
17,598 |
383.4 |
23,202 |
-25,428 |
-- |
|
Ratio of operating income to net sales |
9.7% |
2.5% |
-- |
10.2% |
-13.7% |
-- |
|
Income before income taxes |
84,664 |
13,398 |
531.9 |
22,139 |
-24,438 |
-- |
|
Ratio of income from continuing operations before income taxes to net sales |
9.7% |
1.9% |
-- |
9.7% |
-13.1% |
-- |
|
Net income attributable to Nidec Corporation |
56,404 |
7,986 |
606.3 |
13,351 |
-19,107 |
-- |
|
Ratio of net income attributable to Nidec Corporation to net sales |
6.4% |
1.1% |
-- |
5.8% |
-10.3% |
-- |
|
Net income attributable to Nidec Corporation stockholders per share-basic |
207.31 |
29.64 |
-- |
48.41 |
-70.77 |
-- |
|
Net income attributable to Nidec Corporation stockholders per share-diluted |
193.96 |
27.49 |
-- |
45.39 |
-- |
-- |
Full copy of Nidec's financial statements for the year ended March 31, 2014:
http://www.nidec.com/en-Global/ir/news/2014/news0422-01/
A conference call webcast (audio-only, user-control slides attached) discussing Nidec's financial results for the fiscal year ended March 31, 2014 is scheduled for 09:00 a.m. EDT on Wednesday, April 23, 2014. To listen to the webcast, please visit Nidec website at:
http://www.nidec.com/en-Global/ir/calendar/schedule/archive/FY13Q4/
About Nidec Corporation
Nidec Corporation (NYSE:NJ) (Tokyo/Osaka:6594) is a global leader in electric motor drive technology. For the year ended March 31, 2014, 41.4% of its consolidated sales were represented by small precision motors; 26.3% by appliance, commercial and industrial products; 13.2% by automotive products; 8.3% by electronic and optical components; 9.9% by machinery, and 0.9% 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
