Nidec Announces Financial Results for Fiscal First Quarter Ended June 30, 2013 KYOTO, Japan, July 23, 2013 (GLOBE NEWSWIRE) -- Nidec Corporation (NYSE:NJ) today announced its consolidated results under U.S.GAAP for the period of April 1, 2013 through June 30, 2013. The highlights are as follows: *Sales up 18% y/y and 13.6% q/q to a quarterly record of JPY 211.3 billion. *Operating income of JPY 18.1 billion, a positive swing of approximately JPY 43.5 billion compared to a loss from operations of JPY 25.4 in the fourth quarter ended March 31, 2013. Operating income on a y/y basis down 18.5%. *Upward revision to the 1H and full-year financial forecasts. *EPS: 99.56 yen (basic) 92.93 yen (diluted) Selected Consolidated (Yen in millions, except for per share amounts and Results of Operations percentages) (Unaudited) (Reference) Three months ended Increase Three months June 30, (Decrease)% ended March 31, 2013 2013 2012 Net sales 211,276 179,021 18.0% 186,060 Operating income 18,080 22,183 (18.5%) (25,399) Ratio of operating income 8.6% 12.4% -- -- to net sales Income before income taxes 17,399 18,334 (5.1%) (24,409) Ratio of income before 8.2% 10.2% -- -- income taxes to net sales Net income attributable to 13,359 13,282 0.6% (19,095) Nidec Corporation Ratio of net income attributable to Nidec 6.3% 7.4% -- -- Corporation to net sales Net income attributable to shareholders per 99.56 97.99 -- -- share-basic-- Net income attributable to shareholders per 92.93 91.53 -- -- share-diluted Full copy of Nidec's financial statements for the first quarter ended June 30, 2013: http://www.nidec.co.jp/english/news/indexdata_e/2013/0723_2.pdf A conference call webcast (audio-only, user-control slides attached) discussing Nidec's financial results for the first quarter ended June 30, 2013 is scheduled for 09:00 a.m. EDT on Tuesday, July 23, 2013. To listen to the webcast, please visit Nidec website at: http://www.nidec.co.jp/english/ir/information/FY13Q1 About Nidec Corporation Nidec Corporation (NYSE:NJ) (Tokyo/Osaka:6594) is a global leader in electric motor drive technology. For the first quarter ended June 30, 2013, 41.6% of its consolidated sales were represented by small precision motors; 27.5% by appliance, commercial and industrial products; 12.3% by automotive products; 8.3% by electronic and optical components; 9.4% by machinery, and 0.9% 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@example.com Nidec Corporation
Nidec Announces Financial Results for Fiscal First Quarter Ended June 30, 2013
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