Nidec Announces Financial Results for Fiscal First Quarter Ended June 30, 2014

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          ir@nidec.com  Nidec Corporation  
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