Nidec Announces Financial Results for Fiscal First Quarter Ended June 30, 2014 KYOTO, Japan, July 23, 2014 (GLOBE NEWSWIRE) -- Nidec Corporation (NYSE:NJ) today announced its consolidated results under U.S.GAAP for the period of April 1, 2014 through June 30, 2014. The highlights are as follows: *Net sales up 13.7% Y/Y to a quarterly record-high of JPY 240.2 billion. *Operating income up 41.6% Y/Y to JPY 25.6 billion, marking five consecutive quarters of increased operating income since the structural reform in FY2012 *Upward revision to the 1H and full-year financial performance forecasts and dividend projections *EPS: 64.96 yen (basic) 60.93 yen (diluted) Selected Consolidated Yen in millions (except for per share amounts and Results of Operations percentages) (Unaudited) Increase (Reference) Three months ended (Decrease) Three months June 30, % ended March 31, 2014 2014 2013 Net sales 240,188 211,276 13.7% 228,384 Operating income 25,552 18,047 41.6% 23,202 Ratio of operating income to 10.6% 8.5% - 10.2% net sales Income before taxes 24,971 17,366 43.8% 22,139 Ratio of income before taxes 10.4% 8.2% - 9.7% to net sales Net income attributable to 17,917 13,346 34.2% 13,351 Nidec Corporation Ratio of net income attributable to Nidec 7.5% 6.3% - 5.8% Corporation to net sales Net income attributable to shareholders per 64.96 49.73 - 48.41 share-basic* Net income attributable to shareholders per 60.93 46.42 - 45.39 share-diluted* * The Company implemented a two-for-one stock split of its common stock effective April 1, 2014. The previously reported net income attributable to Nidec Corporation per share-basic and net income attributable to Nidec Corporation per share-diluted have been retroactively adjusted to reflect the stock split. Full copy of Nidec's financial statements for the first quarter ended June 30, 2014: http://www.nidec.com/en-Global/ir/news/2014/news0723-02/ A conference call webcast (audio-only, user-control slides attached) discussing Nidec's financial results for the first quarter ended June 30, 2014 is scheduled for 09:00 a.m. EDT on Wednesday, July 23, 2014. To listen to the webcast, please visit Nidec website at: http://www.nidec.com/en-Global/ir/calendar/schedule/archive/FY14Q1/ About Nidec Corporation Nidec Corporation (NYSE:NJ) (Tokyo:6594) is a global leader in electric motor drive technology. For the first quarter ended June 30, 2014, 37.4% of its consolidated sales were represented by small precision motors; 26.4% by appliance, commercial and industrial products; 19.5% by automotive products; 9.3% by machinery; 6.7% by electronic and optical components, and 0.7% 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, 2014
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