Nidec Revises Upward Consolidated Fiscal First-Half and Year-End Financial Forecasts for the Year Ending March 31, 2018
2017年7月26日 - 3:48PM
Nidec Corporation (TSE:6594) (OTC US:NJDCY) (the "Company") today
announced an upward revision to its IFRS-based consolidated fiscal
first-half and year-end financial forecasts for the year ending
March 31, 2018, originally announced on April 25, 2017.
The Company’s net sales and resulting profit for
the three months ended June 30, 2017 exceeded the Company’s
expectations at the beginning of the period. In view of the
favorable quarterly results, the Company has decided to revise
upward its previously announced financial performance forecasts for
six months ending September 30, 2017 and the fiscal year ending
March 31, 2018.
The details are as follows:
Revised consolidated financial forecasts
(IFRS) for the six months ending September 30, 2017From
April 1, 2017 to September 30, 2017 (Millions of yen, except for
per share amounts and percentages)
|
For the six months ending September 30, 2017 |
(Reference)For the six monthsended September30,
2016 |
|
Previousforecast(April 25, 2017) |
RevisedForecast |
Change(amount) |
Change(percent) |
Net sales |
625,000 |
650,000 |
25,000 |
4.0 |
% |
564,030 |
Operating profit |
75,000 |
80,000 |
5,000 |
6.7 |
% |
68,985 |
Profit before income taxes |
74,000 |
77,000 |
3,000 |
4.1 |
% |
66,274 |
Profit attributable to owners of the parent |
58,000 |
60,000 |
2,000 |
3.4 |
% |
50,094 |
Earnings per share attributable to owners of the parent -
Basic |
195.55 |
202.65 |
- |
- |
|
168.89 |
Revised consolidated financial forecasts
(IFRS) for the year ending March 31, 2018From April 1,
2017 to March 31, 2018 (Millions of yen, except for per share
amounts and percentages)
|
For the year ending March 31, 2018 |
(Reference)For the year endedMarch 31, 2017 |
|
Previousforecast(April 25, 2017) |
RevisedForecast |
Change(amount) |
Change(percent) |
Net sales |
1,350,000 |
1,375,000 |
25,000 |
1.9 |
% |
1,199,311 |
Operating profit |
160,000 |
165,000 |
5,000 |
3.1 |
% |
140,331 |
Profit before income taxes |
158,000 |
161,000 |
3,000 |
1.9 |
% |
142,278 |
Profit attributable to owners of the parent |
125,000 |
127,000 |
2,000 |
1.6 |
% |
111,721 |
Earnings per share attributable to owners of the parent -
Basic |
421.44 |
428.94 |
- |
- |
|
376.67 |
Notes:(1) The exchange
rates used for the preparation of the foregoing forecasts are US$1
= ¥105 and €1 = ¥110. The exchange rates between the relevant Asian
currencies and the Japanese yen used for the preparation of the
foregoing forecasts were determined assuming these exchange
rates.
(2) During three months ended March 31,
2017, Nidec finalized the provisional accounting treatment for
business combination, which was carried out in the three months
ended September 30, 2016. As a result, figures as of September 30,
2016 reflect the revision of the initially allocated amounts of
acquisition price.
Cautionary Statement Concerning
Forward-Looking InformationThis press release contains
forward-looking statements including expectations, estimates,
projections, plans, and strategies. Such forward-looking statements
are based on management’s assumptions and beliefs in light of the
information currently available. Certain risks, uncertainties and
other factors could cause actual results to differ materially from
those discussed in the forward-looking statements. Such risks and
uncertainties include, but are not limited to, changes in customer
circumstances and demand, exchange rate fluctuations, and the Nidec
Group’s ability to design, develop, mass produce and win acceptance
of its products and to acquire and successfully integrate companies
with complementary technologies and product lines. Please see other
disclosure documents filed or published by the Nidec Group
companies, including the Japanese security report, for additional
information regarding such risks and uncertainties. Nidec
undertakes no obligation to update the forward-looking statements
unless required by law.
Contact:
Masahiro Nagayasu
General Manager
Investor Relations
+81-75-935-6140
ir@nidec.com