Nidec Announces Financial Results for Fiscal Third Quarter and Nine Months Ended December 31, 2016
January 24 2017 - 1:15AM
Nidec Corporation (TSE:6594) (OTC US:NJDCY) today announced its
consolidated financial results under the International Financial
Reporting Standards (“IFRS”) for the period of April 1, 2016
through December 31, 2016.
The highlights are as follows:
- Record-high nine months operating profit, profit before income
taxes and profit attributable to owners of the parent
- Record-high three months profit before income taxes and profit
attributable to owners of the parent
- Double-digit operating profit ratio maintained for both three
and nine month periods (10.5%) in Automotive, Appliance, Commercial
and Industrial Products, which are key drivers of the company’s
business portfolio transformation
- Revision to FY2016 forecasts
- EPS: 275.25 yen (basic) 275.25
yen (diluted)
Selected Consolidated Results of
Operations (Unaudited)
| Yen
in millions, except for per share amounts and percentages |
Nine months ended December 31, |
Increase(Decrease)% |
Three months ended December 31, |
Increase(Decrease)% |
| |
2016 |
|
2015 |
|
2016 |
|
2015 |
|
| Net
sales |
868,228 |
|
895,353 |
|
(3.0 |
)% |
304,198 |
|
308,001 |
|
(1.2 |
)% |
|
Operating profit |
106,197 |
|
90,286 |
|
17.6 |
% |
37,193 |
|
30,683 |
|
21.2 |
% |
|
Ratio of operating profit to net sales |
12.2 |
% |
10.1 |
% |
- |
|
12.2 |
% |
10.0 |
% |
- |
|
|
Profit before income taxes |
107,771 |
|
92,467 |
|
16.6 |
% |
41,478 |
|
30,320 |
|
36.8 |
% |
|
Ratio of profit before income taxes to net sales |
12.4 |
% |
10.3 |
% |
- |
|
13.6 |
% |
9.8 |
% |
- |
|
|
Profit attributable to owners of the parent |
81,638 |
|
69,526 |
|
17.4 |
% |
31,528 |
|
22,669 |
|
39.1 |
% |
|
Ratio of profit attributable to owners of the parent to net
sales |
9.4 |
% |
7.8 |
% |
- |
|
10.4 |
% |
7.4 |
% |
- |
|
|
Earnings per share attributable to owners of the parent -Basic |
275.25 |
|
234.19 |
|
- |
|
106.30 |
|
76.04 |
|
- |
|
|
Earnings per share attributable to owners of the parent
-Diluted |
275.25 |
|
233.05 |
|
- |
|
106.30 |
|
76.04 |
|
- |
|
Full copy of Nidec’s financial statements for
the third quarter and nine months ended December 31,
2016:http://www.nidec.com/en-Global/ir/news/2017/news0124-02/
A conference call webcast (audio-only,
user-control slides attached) discussing Nidec’s financial results
for the third quarter and nine months ended December 31, 2016 is
scheduled for 09:00 a.m. EST on Tuesday, January 24, 2017. To
listen to the webcast, please visit Nidec website at:
http://www.nidec.com/en-Global/ir/calendar/schedule/archive/FY16Q3/
About Nidec
Corporation
Nidec Corporation (TSE:6594) (OTC US:NJDCY) is a
global leader in electric motor drive technology. For the nine
months ended December 31, 2016, 38.1% of its consolidated sales
were represented by small precision motors; 24.2% by appliance,
commercial and industrial products; 22.0% by automotive products;
10.0% by machinery; 5.5% by electronic and optical components, and
0.3% 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