Nidec Announces Financial Results for Fiscal Year Ended March 31, 2017

Tuesday, April 25, 2017 8:27 AM UTC

KYOTO, Japan, April 25, 2017 -- Nidec Corporation (TSE:6594) (OTC US:NJDCY) today announced its consolidated financial results under the International Financial Reporting Standards (“IFRS”) for the fiscal year ended March 31, 2017.

The highlights are as follows:

Net sales up 1.8% Y/Y, marking Nidec’s fifth consecutive year of record sales
Operating profit up 19.3% Y/Y, marking the fourth consecutive year of increase following the structural reform in FY2012
Profit attributable to owners of the parent exceeded 100 billion yen for the first time in Nidec’s history
Full-year operating income ratio on Automotive, Appliance, Commercial and Industrial Products exceeded 10%, driving the company’s business portfolio transformation
ROE rose 2 percentage points to 13.9%.
EPS: 376.67 yen (basic)
376.67 yen (diluted)
Year-end dividend: 45 yen per share
Annual dividend: 85 yen per share

Selected 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) %
	2017		2016		Increase (Decrease) %		2017		2016		Increase (Decrease) %
Net sales	1,199,311		1,178,290		1.8	%	331,083		282,937		17.0
Operating profit	140,331		117,662		19.3	%	34,158		27,376		24.8
Ratio of operating profit to net sales	11.7	%	10.0	%	-		10.3	%	9.7	%	-
Profit before income taxes	142,278		117,164		21.4	%	34,531		24,697		39.8
Ratio of profit before income taxes to net sales	11.9	%	9.9	%	-		10.4	%	8.7	%	-
Profit attributable to owners of the parent	111,721		89,945		24.2	%	30,104		20,419		47.4
Ratio of profit attributable to owners of the parent to net sales	9.3	%	7.6	%	-		9.1	%	7.2	%	-
Earnings per share attributable to owners of the parent
-Basic	376.67		303.04		-		101.50		68.84		-
Earnings per share attributable to owners of the parent
-Diluted	376.67		301.93		-		101.50		68.84		-

Full copy of Nidec’s financial statements for the year ended March 31, 2017:
http://www.nidec.com/en-Global/ir/news/2017/news0425-02/

A conference call webcast (audio-only, user-control slides attached) discussing Nidec’s financial results for the fiscal year ended March 31, 2017 is scheduled for 09:00 a.m. EDT on Wednesday, April 26, 2017. To listen to the webcast, please visit Nidec website at:
http://www.nidec.com/en-Global/ir/calendar/schedule/archive/FY16Q4/

About Nidec Corporation

Nidec Corporation (TSE:6594) (OTC US:NJDCY) is a global leader in electric motor drive technology. For the year ended March 31, 2017, 36.5% of its consolidated sales were represented by small precision motors; 25.9% by appliance, commercial and industrial products; 21.8% by automotive products; 10.2% by machinery; 5.3% 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 Year Ended March 31, 2017

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