Nidec Announces Financial Results for Third Quarter and Nine Months Ended December 31, 2015

Thursday, January 21, 2016 7:53 AM UTC

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		Increase (Decrease) %				2015		2014		Increase (Decrease) %
	(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]

Editor's Picks

Breathing through your nose when you exercise may make your runs easier

Entrepreneurs are facing a mental health crisis — here's how to help them

Are fish oil supplements as healthy as we think? And is eating fish better?

Will AI kill our creativity? It could – if we don’t start to value and protect the traits that make us human

Does AI have a right to free speech? Only if it supports our right to free thought

How can I lower my cholesterol? Do supplements work? How about psyllium or probiotics?

Why we need to set limits on sperm donation

Aging with a healthy brain: How lifestyle changes could help prevent up to 40% of dementia cases

Seven techniques to avoid weight regain, approved by experts

Nidec Announces Financial Results for Third Quarter and Nine Months Ended December 31, 2015

Editor's Picks

Welcome to EconoTimes