In anticipation of new revenue contributions from Emerson's Motors & Controls operations (which the Company completed acquiring on September 30, 2010), the Company now expects higher full-year sales and has revised upward its sales forecast for the year ending March 2011 to 700 billion yen.
The provided financial forecast assumes the exchange rates of 80 yen against the U.S. dollar and 105 yen against the euro for the second half of the fiscal year ending March 31, 2011. Yen exchange rates against Asian currencies have been set in relation to the exchange rates between the U.S. Dollar and the respective Asian currencies.
Disclaimer Regarding Forward-looking Statements
This press release material contains forward-looking statements including expectations, judgement, plans, and strategies. The forward-looking statements are based on management's assumptions and belief in light of the information currently available. Certain risks, uncertainties and other factors could cause actual results to differ materially from those discussed in the forward-looking statements. Such factors include, but are not limited to: fluctuation of currency exchange rates, overall supply and customer demand in the motor industry, product development and production capabilities, performance of affiliated companies, and other risks and uncertainties. Nidec undertakes no obligation to update forward-looking statements to reflect events or circumstances that occur after the date the statements are made.
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CONTACT: Nidec Corporation
Masahiro Nagayasu,General Manager