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
TheStreet Open House

Nidec Announces Financial Results For Fiscal Year Ended March 31, 2014

Stocks in this article: NJ

KYOTO, Japan, April 22, 2014 (GLOBE NEWSWIRE) -- Nidec Corporation (NYSE:NJ) today announced consolidated results under U.S. GAAP for the fiscal year ended March 31, 2014. The highlights are as follows:

  • Record-high full-year sales of 875.1 billion yen
  • Operating income up by near 4-fold to 85.1 billion yen y/y
  • Record-high operating income for "Automotive, Appliance, Commercial and Industrial Products"
  • Record-high income before tax and net income of 84.7 billion yen, and 56.4 billion yen, respectively
  • EPS (diluted): 193.96 yen
  • Year-end dividend: 55 yen (Annual dividend: 100 yen)
Consolidated Results of Operations  
(unaudited)  Yen in millions (except for per share amounts and percentages)
  Year ended March 31 Increase (Decrease) Three months ended March 31 Increase (Decrease)
  2014 2013 % 2014 2013 %
  (unaudited)   (unaudited)  
Net sales 875,109 709,270 23.4 228,384 186,060 22.7
Operating income 85,068 17,598 383.4 23,202 -25,428 --
Ratio of operating income to net sales 9.7% 2.5% -- 10.2% -13.7% --
Income before income taxes 84,664 13,398 531.9 22,139 -24,438 --
Ratio of income from continuing operations before income taxes to net sales 9.7% 1.9% -- 9.7% -13.1% --
Net income attributable to Nidec Corporation 56,404 7,986 606.3 13,351 -19,107 --
Ratio of net income attributable to Nidec Corporation to net sales 6.4% 1.1% -- 5.8% -10.3% --
Net income attributable to Nidec Corporation stockholders per share-basic 207.31 29.64 -- 48.41 -70.77 --
Net income attributable to Nidec Corporation stockholders per share-diluted 193.96 27.49 -- 45.39 -- --

Full copy of Nidec's financial statements for the year ended March 31, 2014:

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 16,380.41 +263.17 1.63%
S&P 500 1,886.76 +24.00 1.29%
NASDAQ 4,258.4380 +41.0480 0.97%

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