Alibaba Stock Jumps as China Approves Apple Intelligence Powered by Qwen AI 
NY Times Challenges Trump Administration Subpoenas Over Air Force One Report 
Australia Flags Child Safety Gaps at Apple, Meta, Google Over Online Sexual Extortion 
Nvidia Tightens AI Chip Sales in Asia With Stricter Customer Approval Process 
BHP Faces Major Port Hedland Strike as Labor Talks Stall Ahead of Production Report 
UBS Boosts China Tech Bets, Adds Kuaishou and Meituan to Focus List 
SoftBank Corp Partners With Sierra to Expand AI Customer Support Across Japan 
Paramount-Warner Bros. Discovery Merger Faces Lawsuit From 12 States 
Richemont Q1 Sales Beat Forecast as Cartier Demand Drives Strong Growth 
SpaceX Stock Falls Below IPO Price as Investors Weigh Losses and Lockup Expiry 
SK Hynix Stock Soars as AI Memory Demand Outlook Fuels Chip Rally 
Stellantis Q2 Vehicle Shipments Rise 10% as North America Drives Growth 
BHP Q4 Iron Ore Output Rebounds as Copper Prices Boost Revenue 
DeepSeek Eyes China IPO as AI Startup Seeks $71 Billion Valuation in New Funding Round 
DBS Targets S$1 Trillion Wealth AUM by 2030 Amid Asia Wealth Boom 
SEB Q2 Profit Rises on Strong Lending, Record Fee Income, Announces New Share Buyback 
Rio Tinto Reports Strong Q2 Iron Ore Sales, Maintains 2026 Production Outlook 
KYOTO, Japan, Jan. 21, 2016 -- Nidec Corporation (NYSE:NJ) today announced consolidated results under U.S. GAAP for the third quarter (October-December 2015) and nine months (April-December 2015).
Highlights are as follows:
- Record-high nine-month net sales, operating income, income before taxes and net income of 895.4 billion yen, 94.0 billion yen and 94.4 billion yen, 70.9 billion yen, respectively
- Net sales and operating income increased for eight and eleven consecutive quarters, respectively, marking the highest-ever levels.
- Cash and cash equivalents exceeded interest-bearing debt for the first time in 23 quarters, which was achieved three month ahead of plan. Financial base and financial discipline were strengthened eyeing Vision 2020.
- Basic EPS: 238.91 yen
- Diluted EPS: 238.90 yen
| 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) % | ||||||||||||||||
| 2015 | 2014 | 2015 | 2014 | ||||||||||||||||
| (unaudited) | (unaudited) | ||||||||||||||||||
| Net sales | 895,353 | 753,766 | 18.8 | % | 308,001 | 264,255 | 16.6 | % | |||||||||||
| Operating income | 93,990 | 80,727 | 16.4 | % | 32,160 | 28,804 | 11.7 | % | |||||||||||
| Ratio of operating income to net sales | 10.5 | % | 10.7 | % | - | 10.4 | % | 10.9 | % | - | |||||||||
| Income before taxes | 94,357 | 81,309 | 16.0 | % | 30,968 | 29,771 | 4.0 | % | |||||||||||
| Ratio of income before income taxes to net sales | 10.5 | % | 10.8 | % | - | 10.1 | % | 11.3 | % | - | |||||||||
| Net income attributable to Nidec Corporation | 70,928 | 58,031 | 22.2 | % | 23,320 | 21,318 | 9.4 | % | |||||||||||
| Ratio of net income attributable to Nidec Corporation to net sales | 7.9 | % | 7.7 | % | - | 7.6 | % | 8.1 | % | - | |||||||||
| Net income attributable to Nidec Corporation per share-basic | 238.91 | 209.27 | - | 78.22 | 76.05 | - | |||||||||||||
| Net income attributable to Nidec Corporation per share-diluted | 238.90 | 196.36 | - | 78.22 | 71.42 | - | |||||||||||||
Full copy of the financial statements for 3Q and nine months ended December 31, 2015:
http://www.nidec.com/en-Global/ir/news/2016/news0121-02/
A conference call webcast (audio-only, user-control slides attached) discussing Nidec’s financial results for 3Q and nine months ended December 31, 2015 is scheduled for 09:00 a.m. EST on Thursday, January 21, 2016. To listen to the webcast, please visit Nidec website at:
http://www.nidec.com/en-Global/ir/calendar/schedule/archive/FY15Q3/
About Nidec Corporation
Nidec Corporation (NYSE:NJ) (Tokyo:6594) is a global leader in electric motor drive technology. For the nine months ended December 31, 2015, 39.3% of its consolidated sales were represented by small precision motors; 23.2% by appliance, commercial and industrial products; 22.7% by automotive products; 8.8% by machinery; 5.5% by electronic and optical components, and 0.4% by the remaining product lines. Nidec was founded in Kyoto, Japan in 1973 by Shigenobu Nagamori, its current President and CEO.
Masahiro Nagayasu General Manager Investor Relations +81-75-935-6140 [email protected]
