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Nidec Announces Financial Results For Fiscal Second Quarter And Six Months Ended September 30, 2013

KYOTO, Japan, Oct. 22, 2013 (GLOBE NEWSWIRE) -- Nidec Corporation (NYSE:NJ) today announced its consolidated results under U.S.GAAP for the period of April 1, 2013 through September 30, 2013.

The highlights are as follows:  

  • Six-month sales up 21.5% y/y to a record high of JPY 429.6 billion.
  • Six-month operating income down 5.7% y/y, but significantly surpassed the previously announced earnings guidance.   
  • Upward revision to FY2013 financial forecast and dividend outlook    
  • 1H FY2013 diluted EPS: 188.53 yen
  • 1H FY2013 dividend: 45 yen per share
Selected Consolidated Results of Operations            
  (Yen in millions, except for per share amounts and percentages)
             
  Six months Ended  September 30,  Increase (Decrease) % Three months  Ended September 30, Increase(Decrease) %
  2013 2012   2013 2012  
  (Unaudited)   (Unaudited)  
Net sales  429,634 353,540 21.5% 218,358 174,519 25.1%
Operating income  39,337 41,723 (5.7%) 21,290 19,540 9.0%
Ratio of operating income to net sales  9.2% 11.8%   9.8% 11.2% -- 
Income before income taxes 38,441 36,577 5.1% 21,075 18,243 15.5%
Ratio of income before income taxes to net sales  8.9% 10.3% -- 9.7% 10.5% -- 
Net income attributable to Nidec Corporation  27,103 26,199 3.5% 13,757 12,917 6.5%
Ratio of net income attributable to Nidec Corporation to net sales  6.3% 7.4% -- 6.3% 7.4% -- 
Net income attributable to shareholders per share-basic  201.99 195.28 -- 102.53 97.28 -- 
Net income attributable to shareholders per share-diluted  188.53 182.27 -- 95.70 90.74 -- 

Full copy of Nidec's financial statements for the second quarter and six months ended September 30, 2013:

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