This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Nidec Announces Financial Results For Third Quarter And Nine Months Ended December 31, 2012

KYOTO, Japan, Jan. 24, 2013 (GLOBE NEWSWIRE) -- Nidec Corporation (NYSE:NJ) today announced consolidated results under U.S. GAAP for the third quarter (October-December 2012) and nine months (April-December 2012) of its fiscal year ending March 31, 2013.

Highlights are as follows:

  • 3Q and nine-month sales up 7.8% y/y and 1.6% y/y, respectively.
  • 3Q and nine-month operating income down 81.4% and 17.7%, respectively, mainly due to costs related to structural reform intended to overcome the market downtrend starting in the middle of 3Q.
  • EPS: 209.60 (basic)

     195.59 (diluted)

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)
  2012 2011    2012  2011  
  (unaudited)   (unaudited)  
Net sales 523,210 514,733 1.6% 169,670 157,442 7.8%
Operating income 44,702 54,295 (17.7%) 2,517 13,528 (81.4%)
Ratio of operating income to net sales 8.5% 10.5% -- 1.5% 8.6% --
Income from continuing operations before income taxes 39,512 48,793 (19.0%) 2,473 14,206 (82.6%)
Ratio of income from continuing operations before income taxes to net sales 7.6% 9.5% -- 1.5% 9.0% --
Net income attributable to Nidec Corporation 28,216 31,654 (10.9%) 1,700 9,125 (81.4%)
Ratio of net income attributable to Nidec Corporation to net sales 5.4% 6.1% -- 1.0% 5.8% --
Net income attributable to Nidec Corporation stockholders per share-basic 209.60 229.86 -- 12.55 66.68 --
Net income attributable to Nidec Corporation stockholders per share-diluted 195.59 214.87 -- 11.63 62.30 --

Full copy of the financial statements for Nidec's 3Q and nine months ended December 31, 2012:

1 of 2

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 17,086.63 -26.91 -0.16%
S&P 500 1,987.01 +3.48 0.18%
NASDAQ 4,473.6970 +17.6810 0.40%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs