NJDCY Nidec Corporation (PK)

Nidec Corporation (NYSE:NJ) today announced consolidated results under U.S. GAAP for the third quarter (October-December 2015) and nine months (April-December 2015).

Highlights are as follows:

• Record-high nine-month net sales, operating income, income before taxes and net income of 895.4 billion yen, 94.0 billion yen and 94.4 billion yen, 70.9 billion yen, respectively
• Net sales and operating income increased for eight and eleven consecutive quarters, respectively, marking the highest-ever levels.
• Cash and cash equivalents exceeded interest-bearing debt for the first time in 23 quarters, which was achieved three month ahead of plan. Financial base and financial discipline were strengthened eyeing Vision 2020.
• Basic EPS: 238.91 yen
• Diluted EPS: 238.90 yen

Consolidated Results of Operations(unaudited)	Yen in millions (except for per share amounts and percentages)
	Nine months endedDecember 31						Increase(Decrease)%			Three months endedDecember 31						Increase(Decrease)%
		2015			2014						2015			2014
	(unaudited)									(unaudited)
Net sales		895,353			753,766			18.8	%		308,001			264,255			16.6	%
Operating income		93,990			80,727			16.4	%		32,160			28,804			11.7	%
Ratio of operating income to net sales		10.5	%		10.7	%		-			10.4	%		10.9	%		-
Income before taxes		94,357			81,309			16.0	%		30,968			29,771			4.0	%
Ratio of income before income taxes to net sales		10.5	%		10.8	%		-			10.1	%		11.3	%		-
Net income attributable to Nidec Corporation		70,928			58,031			22.2	%		23,320			21,318			9.4	%
Ratio of net income attributable to Nidec Corporation to net sales		7.9	%		7.7	%		-			7.6	%		8.1	%		-
Net income attributable to Nidec Corporation per share-basic		238.91			209.27			-			78.22			76.05			-
Net income attributable to Nidec Corporation per share-diluted		238.90			196.36			-			78.22			71.42			-

Full copy of the financial statements for 3Q and nine months ended December 31, 2015:http://www.nidec.com/en-Global/ir/news/2016/news0121-02/

A conference call webcast (audio-only, user-control slides attached) discussing Nidec’s financial results for 3Q and nine months ended December 31, 2015 is scheduled for 09:00 a.m. EST on Thursday, January 21, 2016. To listen to the webcast, please visit Nidec website at: http://www.nidec.com/en-Global/ir/calendar/schedule/archive/FY15Q3/

About Nidec Corporation

Nidec Corporation (NYSE:NJ) (Tokyo:6594) is a global leader in electric motor drive technology. For the nine months ended December 31, 2015, 39.3% of its consolidated sales were represented by small precision motors; 23.2% by appliance, commercial and industrial products; 22.7% by automotive products; 8.8% by machinery; 5.5% by electronic and optical components, and 0.4% by the remaining product lines. Nidec was founded in Kyoto, Japan in 1973 by Shigenobu Nagamori, its current President and CEO.

Masahiro Nagayasu
General Manager
Investor Relations 
+81-75-935-6140
ir@nidec.com