Nidec Announces Financial Results for Fiscal Third Quarter and Nine Months Ended December 31, 2016

Tuesday, January 24, 2017 6:15 AM UTC

KYOTO, Japan, Jan. 24, 2017 -- 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, 2016 through December 31, 2016.

The highlights are as follows:

Record-high nine months operating profit, profit before income taxes and profit attributable to owners of the parent
Record-high three months profit before income taxes and profit attributable to owners of the parent
Double-digit operating profit ratio maintained for both three and nine month periods (10.5%) in Automotive, Appliance, Commercial and Industrial Products, which are key drivers of the company’s business portfolio transformation
Revision to FY2016 forecasts
EPS: 275.25 yen (basic)
275.25 yen (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) %
	2016		2015		Increase (Decrease) %		2016		2015		Increase (Decrease) %
Net sales	868,228		895,353		(3.0	)%	304,198		308,001		(1.2	)%
Operating profit	106,197		90,286		17.6	%	37,193		30,683		21.2	%
Ratio of operating profit to net sales	12.2	%	10.1	%	-		12.2	%	10.0	%	-
Profit before income taxes	107,771		92,467		16.6	%	41,478		30,320		36.8	%
Ratio of profit before income taxes to net sales	12.4	%	10.3	%	-		13.6	%	9.8	%	-
Profit attributable to owners of the parent	81,638		69,526		17.4	%	31,528		22,669		39.1	%
Ratio of profit attributable to owners of the parent to net sales	9.4	%	7.8	%	-		10.4	%	7.4	%	-
Earnings per share attributable to owners of the parent -Basic	275.25		234.19		-		106.30		76.04		-
Earnings per share attributable to owners of the parent -Diluted	275.25		233.05		-		106.30		76.04		-

Full copy of Nidec’s financial statements for the third quarter and nine months ended December 31, 2016:
http://www.nidec.com/en-Global/ir/news/2017/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, 2016 is scheduled for 09:00 a.m. EST on Tuesday, January 24, 2017. To listen to the webcast, please visit Nidec website at:
http://www.nidec.com/en-Global/ir/calendar/schedule/archive/FY16Q3/

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, 2016, 38.1% of its consolidated sales were represented by small precision motors; 24.2% by appliance, commercial and industrial products; 22.0% by automotive products; 10.0% by machinery; 5.5% 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
[email protected]

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Nidec Announces Financial Results for Fiscal Third Quarter and Nine Months Ended December 31, 2016

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