Nidec Corporation
Nidec Announces Financial Results for Fiscal Six Months Ended September 30, 2009
Nidec Corporation / 26.10.2009 Dissemination of a Corporate News, transmitted by DGAP - a company of EquityStory AG. The issuer / publisher is solely responsible for the content of this announcement. --------------------------------------------------------------------------- KYOTO, Japan, Oct. 26, 2009 (GLOBE NEWSWIRE) -- Nidec Corporation (NYSE:NJ) today announced its financial results under U.S.GAAP for the period of April 1, 2009 to September 30, 2009. The following are the highlights: Profitability improvement taking hold, maintaining a double-digit operating margin despite lower sales. * Net sales: Down 26.0% Y/Y * Operating income: Down 30.5% Y/Y * Operating margin: 10.5% (1H FY2008: 11.2%) * Income from continuing operations before income tax: Down 48.2% Y/Y * Net income attributable to Nidec: Down 50.5% Y/Y * Net income per share (primary) attributable to Nidec: 98.99 Yen * Net income per share (diluted) attributable to Nidec: 98.99 Yen Consolidated Financial Results Japanese yen (millions except per share amounts) ------------------------ Six months ended September 30, ------------------------ 2009 2008 ------------------------ Net sales 268,743 363,276 Y/Y change % (26.0%) 2.7% Operating income 28,321 40,778 Y/Y change % (30.5%) 18.9% Income from continuing operations before income taxes 22,474 43,379 Y/Y change % (48.2%) 36.5% Net income 13,788 27,840 Y/Y change % (50.5%) 36.8% Net income per share, primary 98.99 192.06 Net income per share, diluted 98.99 186.56 ---------------------------------------- Note: Prior-period statements have been retrospectively restated to reflect the reclassification of discontinued operations in accordance with ASC205-20 (Presentation of Financial Statements-Discontinued Operations). Full copy of Nidec's earnings release: http://www.nidec.co.jp/english/ir/lib/indexdata2/2010/Q2_3.pdf A conference call webcast (listen only, user-control slides attached) discussing Nidec's financial results for the six months ended September 30, 2009 is scheduled for 09:00 a.m. EDT (13:00 p.m. BST) on Tuesday, October 27, 2009. To listen to the webcast, please visit Nidec website at: http://www.nidec.co.jp/english/ir/information/FY09Q2 About Nidec Corporation Nidec Corporation (NYSE:NJ) (Tokyo/Osaka:6594) is a global leader in electric motor drive technology. For the six months ended September 30, 2009, small precision motors and mid-size motors represented 70.8% of the total sales; electronic and optical components, machinery and other products comprised the remainder. Nidec was founded in Kyoto, Japan in 1973 by Shigenobu Nagamori, its current President and CEO. The Nidec Corporation logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=1734 CONTACT: Nidec Corporation Investor Relations Masahiro Nagayasu, General Manager +81-75-935-6140 ir@jp.nidec.com News Source: NASDAQ OMX 26.10.2009 Financial News transmitted by DGAP --------------------------------------------------------------------------- Language: English Company: Nidec Corporation Japan Phone: Fax: E-mail: Internet: ISIN: JP3734800000 WKN: End of News DGAP News-Service ---------------------------------------------------------------------------
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