Nidec Announces Financial Results for Fiscal Second Quarter and Six Months Ended September 30, 2016

Monday, October 24, 2016 6:15 AM UTC

KYOTO, Japan, Oct. 24, 2016 -- 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 September 30, 2016.

The highlights are as follows:

Record-high three and six months operating profit, profit before income taxes and profit attributable to owners of the parent
Continued improvement in operating profit ratio of Automotive, Appliance, Commercial and Industrial Products as a result of improved cost and product mix
Upward revision to the full-year profit forecasts and dividend projections
EPS: 168.95 yen (basic)
168.95 yen (diluted)

Selected Consolidated Results of Operations (Unaudited)

Yen in millions, except for per share amounts and percentages	Six months ended September 30,						Increase (Decrease) %			Three months ended September 30,						Increase (Decrease) %
	2016			2015			Increase (Decrease) %			2016			2015			Increase (Decrease) %
Net sales		564,030			587,352			(4.0	)%		287,824			302,311			(4.8	)%
Operating profit		69,004			59,603			15.8	%		37,464			29,744			26.0	%
Ratio of operating profit to net sales		12.2	%		10.1	%		-			13.0	%		9.8	%		-
Profit before income taxes		66,293			62,147			6.7	%		37,190			30,556			21.7	%
Ratio of profit before income taxes to net sales		11.8	%		10.6	%		-			12.9	%		10.1	%		-
Profit attributable to owners of the parent		50,110			46,857			6.9	%		28,069			23,606			18.9	%
Ratio of profit attributable to owners of the parent to net sales		8.9	%		8.0	%		-			9.7	%		7.8	%		-
Earnings per share attributable to owners of the parent -Basic		168.95			158.17			-			94.64			79.38			-
Earnings per share attributable to owners of the parent -Diluted		168.95			157.10			-			94.64			79.13			-

Full copy of Nidec’s financial statements for the second quarter and six months ended September 30, 2016:
http://www.nidec.com/en-Global/ir/news/2016/news1024-01/

A conference call webcast (audio-only, user-control slides attached) discussing Nidec’s financial results for the second quarter and six months ended September 30, 2016 is scheduled for 09:00 a.m. EDT on Tuesday, October 25, 2016. To listen to the webcast, please visit Nidec website at:
http://www.nidec.com/en-Global/ir/calendar/schedule/archive/FY16Q2/

About Nidec Corporation

Nidec Corporation (TSE:6594) (OTC US:NJDCY) is a global leader in electric motor drive technology. For the six months ended September 30, 2016, 37.5% of its consolidated sales were represented by small precision motors; 25.1% by appliance, commercial and industrial products; 22.0% by automotive products; 9.6% by machinery; 5.5% 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
[email protected]

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Nidec Announces Financial Results for Fiscal Second Quarter and Six Months Ended September 30, 2016

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