John Jumper Leaves Google DeepMind for Anthropic Amid Intensifying AI Talent Race 
Saudi Aramco Explores Sulphur Business Stake Sale to Raise Billions 
SK Hynix Shares Hit Record High After Shipping Next-Generation HBM4E AI Memory Samples 
SpaceX Stock Slides After IPO Rally as Valuation Concerns Grow 
Carro Expands Into Australia With Acquisition of Used-Car Platform CarPlace 
Apple Signals Product Price Hikes Amid Rising Memory Chip Costs 
Meta Seeks Legal Shield From Child-Harm Lawsuits Amid KOSA Talks 
Frank Stronach Found Guilty of Sexual Assault and Indecent Assault in Ontario Court 
HSBC Australia Faces A$35M Penalty Over Scam Protection Failures 
BHP Shares Fall as Jansen Potash Project Costs Surge 
TD Bank Expands Employee Monitoring Software to Boost Productivity Amid Privacy Concerns 
Kingboard Holdings Shares Surge After HK$11.77 Billion Block Trade to Expand PCB and AI Supply Chain Business 
100+ Global Companies Push Governments to Prioritize Electrification for Economic Growth 
JPMorgan Sees Strong Strategic Value in Potential AbbVie Acquisition of Apogee Therapeutics 
US Raises Concerns Over Possible ASML EUV Machine Transfer to China 
KYOTO, Japan, Jan. 21, 2016 -- Nidec Corporation (NYSE:NJ) today announced consolidated results under U.S. GAAP for the third quarter (October-December 2015) and nine months (April-December 2015).
Highlights are as follows:
- Record-high nine-month net sales, operating income, income before taxes and net income of 895.4 billion yen, 94.0 billion yen and 94.4 billion yen, 70.9 billion yen, respectively
- Net sales and operating income increased for eight and eleven consecutive quarters, respectively, marking the highest-ever levels.
- Cash and cash equivalents exceeded interest-bearing debt for the first time in 23 quarters, which was achieved three month ahead of plan. Financial base and financial discipline were strengthened eyeing Vision 2020.
- Basic EPS: 238.91 yen
- Diluted EPS: 238.90 yen
| 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) % | ||||||||||||||||
| 2015 | 2014 | 2015 | 2014 | ||||||||||||||||
| (unaudited) | (unaudited) | ||||||||||||||||||
| Net sales | 895,353 | 753,766 | 18.8 | % | 308,001 | 264,255 | 16.6 | % | |||||||||||
| Operating income | 93,990 | 80,727 | 16.4 | % | 32,160 | 28,804 | 11.7 | % | |||||||||||
| Ratio of operating income to net sales | 10.5 | % | 10.7 | % | - | 10.4 | % | 10.9 | % | - | |||||||||
| Income before taxes | 94,357 | 81,309 | 16.0 | % | 30,968 | 29,771 | 4.0 | % | |||||||||||
| Ratio of income before income taxes to net sales | 10.5 | % | 10.8 | % | - | 10.1 | % | 11.3 | % | - | |||||||||
| Net income attributable to Nidec Corporation | 70,928 | 58,031 | 22.2 | % | 23,320 | 21,318 | 9.4 | % | |||||||||||
| Ratio of net income attributable to Nidec Corporation to net sales | 7.9 | % | 7.7 | % | - | 7.6 | % | 8.1 | % | - | |||||||||
| Net income attributable to Nidec Corporation per share-basic | 238.91 | 209.27 | - | 78.22 | 76.05 | - | |||||||||||||
| Net income attributable to Nidec Corporation per share-diluted | 238.90 | 196.36 | - | 78.22 | 71.42 | - | |||||||||||||
Full copy of the financial statements for 3Q and nine months ended December 31, 2015:
http://www.nidec.com/en-Global/ir/news/2016/news0121-02/
A conference call webcast (audio-only, user-control slides attached) discussing Nidec’s financial results for 3Q and nine months ended December 31, 2015 is scheduled for 09:00 a.m. EST on Thursday, January 21, 2016. To listen to the webcast, please visit Nidec website at:
http://www.nidec.com/en-Global/ir/calendar/schedule/archive/FY15Q3/
About Nidec Corporation
Nidec Corporation (NYSE:NJ) (Tokyo:6594) is a global leader in electric motor drive technology. For the nine months ended December 31, 2015, 39.3% of its consolidated sales were represented by small precision motors; 23.2% by appliance, commercial and industrial products; 22.7% by automotive products; 8.8% by machinery; 5.5% by electronic and optical components, and 0.4% by the remaining product lines. Nidec was founded in Kyoto, Japan in 1973 by Shigenobu Nagamori, its current President and CEO.
Masahiro Nagayasu General Manager Investor Relations +81-75-935-6140 [email protected]
