Nidec Announces Financial Results for Fiscal Second Quarter and Six Months Ended September 30, 2017

Tuesday, October 24, 2017 6:15 AM UTC

KYOTO, Japan, Oct. 24, 2017 -- 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, 2017 through September 30, 2017.

The highlights are as follows:

Upward revision to the full-year FY2017 financial forecast
Upward revision to FY2017 year-end dividend projection
Record-high first-half net sales, operating profit, profit before income taxes and profit attributable to owners of the parent
First-half operating profit of “Automotive, Appliance, Commercial and Industrial Products” exceeded that of “Small Precision Motors” for the first time
Record-high quarterly net sales, operating profit and profit attributable to owners of the parent
EPS: 202.90 (basic and diluted)

Selected Consolidated Results of Operations (Unaudited) (IFRS-Based)

Yen in millions, except for per share amounts and percentages	Six months ended September 30,				Increase (Decrease) %		Three months ended September 30,				Increase (Decrease)%
	2017		2016		Increase (Decrease) %		2017		2016		Increase (Decrease)%
Net sales	715,890		564,030		26.9	%	372,799		287,824		29.5	%
Operating profit	82,612		68,985		19.8	%	43,590		37,461		16.4	%
Ratio of operating profit to net sales	11.5	%	12.2	%	-		11.7	%	13.0	%	-
Profit before income taxes	76,630		66,274		15.6	%	40,304		37,187		8.4	%
Ratio of profit before income taxes to net sales	10.7	%	11.8	%	-		10.8	%	12.9	%	-
Profit attributable to owners of the parent	60,074		50,094		19.9	%	31,880		28,066		13.6	%
Ratio of profit attributable to owners of the parent to net sales	8.4	%	8.9	%	-		8.6	%	9.7	%	-
Earnings per share attributable to owners of the parent
-Basic	202.90		168.89		-		107.68		94.63		-
Earnings per share attributable to owners of the parent
-Diluted	202.90		168.89		-		107.68		94.63		-

Full copy of Nidec’s financial statements for the second quarter and six months ended September 30, 2017:
http://www.nidec.com/en-Global/ir/news/2017/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, 2017 is scheduled for 09:00 a.m. EDT on Wednesday, October 25, 2017. To listen to the webcast, please visit Nidec website at:
http://www.nidec.com/en-Global/ir/calendar/schedule/archive/FY17Q2/

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, 2017, 34.9% of its consolidated sales were represented by appliance, commercial and industrial products; 30.8% by small precision motors; 19.6% 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 Second Quarter and Six Months Ended September 30, 2017

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