Nidec Announces Financial Results for Fiscal Year Ended March 31, 2018
KYOTO, Japan, April 24, 2018 (GLOBE NEWSWIRE) -- Nidec Corporation (TSE:6594) (OTC US:NJDCY) today announced its consolidated financial results under the International Financial Reporting Standards (“IFRSâ€) for the fiscal year ended March 31, 2018.
The highlights are as follows:
- Net sales, operating profit, profit before income taxes and profit attributable to owners of the parent simultaneously marked the fourth consecutive annual records
-Net sales up 24.1% Y/Y
-Operating profit up 20.3% Y/Y
-Profit before income taxes up 16.4% Y/Y
-Profit attributable to owners of the parent up 18.4% Y/Y - Annual operating profit on Automotive, Appliance, Commercial and Industrial Products exceeded that of Small Precision Motors, driving Vision 2020 realization
- EPS: 443.94 yen (basic and diluted)
- Year-end dividend: 50 yen per share
- Annual dividend: 95 yen per share
Selected Consolidated Results of Operations (Unaudited)
Yen in millions, except for per share amounts and | Â | Year ended | Â | Increase | Â | Three months ended | Â | Increase | ||||
percentages | Â | March 31 | Â | (Decrease) | Â | March 31 | Â | (Decrease) | ||||
 |  | 2018 |  | 2017 |  | % |  | 2018 |  | 2017 |  | % |
Net sales | Â | 1,488,090 | Â | 1,199,311 | Â | 24.1% | Â | 382,169 | Â | 331,083 | Â | 15.4% |
Operating profit | Â | 167,637 | Â | 139,366 | Â | 20.3% | Â | 40,775 | Â | 33,193 | Â | 22.8% |
Ratio of operating profit to net sales | Â | 11.3% | Â | 11.6% | Â | - | Â | 10.7% | Â | 10.0% | Â | - |
Profit before income taxes | Â | 164,460 | Â | 141,313 | Â | 16.4% | Â | 45,002 | Â | 33,566 | Â | 34.1% |
Ratio of profit before income taxes to net sales | Â | 11.1% | Â | 11.8% | Â | - | Â | 11.8% | Â | 10.1% | Â | - |
Profit attributable to owners of the parent | Â | 131,434 | Â | 111,007 | Â | 18.4% | Â | 36,917 | Â | 29,390 | Â | 25.6% |
Ratio of profit attributable to owners of the parent to net sales | Â | 8.8% | Â | 9.3% | Â | - | Â | 9.7% | Â | 8.9% | Â | - |
Earnings per share attributable to owners of the parent -Basic | Â | 443.94 | Â | 374.27 | Â | - | Â | 124.71 | Â | 99.09 | Â | - |
Earnings per share attributable to owners of the parent -Diluted | Â | 443.94 | Â | 374.27 | Â | - | Â | 124.71 | Â | 99.09 | Â | - |
Full copy of Nidec’s financial statements for the year ended March 31, 2018: http://www.nidec.com/en-Global/ir/news/2018/news0424-01/
A conference call webcast (audio-only, user-control slides attached) discussing Nidec’s financial results for the fiscal year ended March 31, 2018 is scheduled for 09:00 a.m. EST on Wednesday, April 25, 2018. To listen to the webcast, please visit Nidec website at: http://www.nidec.com/en-Global/ir/calendar/schedule/archive/FY17Q4/
About Nidec Corporation
Nidec Corporation (TSE:6594) (OTC US:NJDCY) is a global leader in electric motor drive technology. For the year ended March 31, 2018, 34.9% of its consolidated sales were represented by appliance, commercial and industrial products; 30.4% by small precision motors; 19.9% by automotive products; 9.9% by machinery; 4.8% 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 Nagayasu
General Manager
Investor Relations
+81-75-935-6140
ir@nidec.com
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