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KYOTO, Japan, April 24, 2018 -- Nidec Corporation (TSE:6594) (OTC US:NJDCY) today announced its consolidated financial results under the International Financial Reporting Standards (“IFRS”) for the fiscal year ended March 31, 2018.
The highlights are as follows:
- Net sales, operating profit, profit before income taxes and profit attributable to owners of the parent simultaneously marked the fourth consecutive annual records
-Net sales up 24.1% Y/Y
-Operating profit up 20.3% Y/Y
-Profit before income taxes up 16.4% Y/Y
-Profit attributable to owners of the parent up 18.4% Y/Y - Annual operating profit on Automotive, Appliance, Commercial and Industrial Products exceeded that of Small Precision Motors, driving Vision 2020 realization
- EPS: 443.94 yen (basic and diluted)
- Year-end dividend: 50 yen per share
- Annual dividend: 95 yen per share
Selected Consolidated Results of Operations (Unaudited)
| Yen in millions, except for per share amounts and | Year ended | Increase | Three months ended | Increase | ||||||||
| percentages | March 31 | (Decrease) | March 31 | (Decrease) | ||||||||
| 2018 | 2017 | % | 2018 | 2017 | % | |||||||
| Net sales | 1,488,090 | 1,199,311 | 24.1% | 382,169 | 331,083 | 15.4% | ||||||
| Operating profit | 167,637 | 139,366 | 20.3% | 40,775 | 33,193 | 22.8% | ||||||
| Ratio of operating profit to net sales | 11.3% | 11.6% | - | 10.7% | 10.0% | - | ||||||
| Profit before income taxes | 164,460 | 141,313 | 16.4% | 45,002 | 33,566 | 34.1% | ||||||
| Ratio of profit before income taxes to net sales | 11.1% | 11.8% | - | 11.8% | 10.1% | - | ||||||
| Profit attributable to owners of the parent | 131,434 | 111,007 | 18.4% | 36,917 | 29,390 | 25.6% | ||||||
| Ratio of profit attributable to owners of the parent to net sales | 8.8% | 9.3% | - | 9.7% | 8.9% | - | ||||||
| Earnings per share attributable to owners of the parent -Basic | 443.94 | 374.27 | - | 124.71 | 99.09 | - | ||||||
| Earnings per share attributable to owners of the parent -Diluted | 443.94 | 374.27 | - | 124.71 | 99.09 | - | ||||||
Full copy of Nidec’s financial statements for the year ended March 31, 2018: http://www.nidec.com/en-Global/ir/news/2018/news0424-01/
A conference call webcast (audio-only, user-control slides attached) discussing Nidec’s financial results for the fiscal year ended March 31, 2018 is scheduled for 09:00 a.m. EST on Wednesday, April 25, 2018. To listen to the webcast, please visit Nidec website at: http://www.nidec.com/en-Global/ir/calendar/schedule/archive/FY17Q4/
About Nidec Corporation
Nidec Corporation (TSE:6594) (OTC US:NJDCY) is a global leader in electric motor drive technology. For the year ended March 31, 2018, 34.9% of its consolidated sales were represented by appliance, commercial and industrial products; 30.4% by small precision motors; 19.9% by automotive products; 9.9% by machinery; 4.8% 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
[email protected]
