Nidec Announces Financial Results for Fiscal First Quarter Ended June 30, 2017

Wednesday, July 26, 2017 6:28 AM UTC

KYOTO, Japan, July 26, 2017 -- 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		Change %
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
[email protected]

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Nidec Announces Financial Results for Fiscal First Quarter Ended June 30, 2017

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