KYOTO, Japan, Jan. 24, 2018 (GLOBE NEWSWIRE) -- Nidec Corporation (TSE:6594) (OTC US:NJDCY) today announced its consolidated financial results under the International Financial Reporting Standards ("IFRS") for the period of April 1, 2017 through December 31, 2017.

The highlights are as follows:
  • Record-high nine months net sales, operating profit, profit before income taxes and profit attributable to owners of the parent
  • Record-high three months net sales, operating profit, profit before income taxes and profit attributable to owners of the parent
  • EPS: 320.06 yen (basic and diluted)

Selected 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)%
2017 2016 2017 2016
Net sales 1,105,921   868,228   27.4 % 390,031   304,198   28.2 %
Operating profit 127,127   106,173   19.7 % 44,678   37,188   20.1 %
Ratio of operating profit to net sales 11.5 % 12.2 % -   11.5 % 12.2 % -  
Profit before income taxes 119,723   107,747   11.1 % 43,256   41,473   4.3 %
Ratio of profit before income taxes to net sales 10.8 % 12.4 % -   11.1 % 13.6 % -  
Profit attributable to owners of the parent 94,763   81,617   16.1 % 34,776   31,523   10.3 %
Ratio of profit attributable to owners of the parent to net sales 8.6 % 9.4 % -   8.9 % 10.4 % -  
Earnings per share attributable to owners of the parent -Basic 320.06   275.18   -   117.46   106.28   -  
Earnings per share attributable to owners of the parent -Diluted 320.06   275.18     -   117.46   106.28   -  

Full copy of Nidec's financial statements for the third quarter and nine months ended December 31, 2017: http://www.nidec.com/en-Global/ir/news/2018/news0124-02/

A conference call webcast (audio-only, user-control slides attached) discussing Nidec's financial results for the third quarter and nine months ended December 31, 2017 is scheduled for 09:00 a.m. EST on Wednesday, January 24, 2018. To listen to the webcast, please visit Nidec website at: http://www.nidec.com/en-Global/ir/calendar/schedule/archive/FY17Q3/

About Nidec Corporation Nidec Corporation (TSE:6594) (OTC US:NJDCY) is a global leader in electric motor drive technology. For the nine months ended December 31, 2017, 34.5% of its consolidated sales were represented by appliance, commercial and industrial products; 31.2% by small precision motors; 19.6% by automotive products; 9.6% by machinery; 4.9% by electronic and optical components, and 0.3% by the remaining product lines. Nidec was founded in Kyoto, Japan in 1973 by Shigenobu Nagamori, its current President and CEO.

Contact:Masahiro NagayasuGeneral ManagerInvestor Relations +81-75-935-6140ir@nidec.com

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