Nidec Announces Financial Results for Fiscal First Quarter Ended June 30, 2017
2017年7月26日 - 3:29PM
Nidec Corporation (TSE:6594) (OTC US:NJDCY) today announced its
consolidated results under the International Financial Reporting
Standards (“IFRS”) for the three-month period ended June 30, 2017.
The highlights are as follows:
- Upward revision to the first half and full-year FY2017
financial performance forecasts.
- Quarterly net sales and operating profit increased 24% Y/Y to
record highs of ¥343.1 billion and ¥39.0 billion,
respectively.
- Quarterly operating profit ratios for Small Precision Motors,
Machinery, Electronic & Optical Components and Other Products
surpassed 15%, the minimum target for FY2020.
- Profit attributable to owners of the parent improved by 28% Y/Y
to ¥28.2 billion.
- EPS: 95.22 (basic)
95.22 (diluted)
Selected Consolidated Results of
Operations (Unaudited) (IFRS-Based)
| Yen
in millions except for per share amounts and percentages |
Three months ended June
30 |
Change% |
|
|
2017 |
2016 |
| Net
sales |
343,091 |
|
276,206 |
|
24.2 |
% |
|
Operating profit |
39,022 |
|
31,524 |
|
23.8 |
% |
|
Ratio of operating profit to net sales |
11.4 |
% |
11.4 |
% |
- |
|
|
Profit before income taxes |
36,326 |
|
29,087 |
|
24.9 |
% |
|
Ratio of profit before income taxes to net sales |
10.6 |
% |
10.5 |
% |
- |
|
|
Profit attributable to owners of the parent |
28,194 |
|
22,028 |
|
28.0 |
% |
|
Ratio of profit attributable to owners of the parent to net
sales |
8.2 |
% |
8.0 |
% |
- |
|
|
Earnings per share attributable to owners of the parent-Basic |
95.22 |
|
74.27 |
|
- |
|
|
Earnings per share attributable to owners of the
parent-Diluted |
95.22 |
|
74.27 |
|
- |
|
Full copy of Nidec’s financial statements for
the year ended June 30,
2017:http://www.nidec.com/en-Global/ir/news/2017/news0726-02/
A conference call webcast (audio-only,
user-control slides attached) discussing Nidec’s financial results
for the fiscal first quarter ended June 30, 2017 is scheduled for
09:00 a.m. EDT on Wednesday, July 26, 2017. To listen to the
webcast, please visit Nidec website at:
http://www.nidec.com/en-Global/ir/calendar/schedule/archive/FY17Q1/
About Nidec
Corporation
Nidec Corporation (TSE:6594) (OTC US:NJDCY) is a
global leader in electric motor drive technology. For the first
quarter ended June 30, 2017, 35.0% of its consolidated sales were
represented by appliance, commercial and industrial products; 30.2%
by small precision motors; 20.0% by automotive products; 9.5% by
machinery; 4.9% by electronic and optical components, and 0.3% by
the remaining products 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