Nidec Announces Financial Results for Fiscal Q1 Ended June 30, 2017
OREANDA-NEWS. Nidec Corporation (TSE:6594) (OTC US:NJDCY) today announced its consolidated results under the International Financial Reporting Standards (“IFRS”) for the three-month period ended June 30, 2017.
The highlights are as follows:
- Upward revision to the first half and full-year FY2017 financial performance forecasts.
- Quarterly net sales and operating profit increased 24% Y/Y to record highs of ?343.1 billion and ?39.0 billion, respectively.
- Quarterly operating profit ratios for Small Precision Motors, Machinery, Electronic & Optical Components and Other Products surpassed 15%, the minimum target for FY2020.
- Profit attributable to owners of the parent improved by 28% Y/Y to ?28.2 billion.
- EPS: 95.22 (basic)
95.22 (diluted)
Selected Consolidated Results of Operations (Unaudited) (IFRS-Based)
Yen in millions except for per share amounts and percentages | Three months ended June 30 |
Change % |
||||
2017 | 2016 | |||||
Net sales | 343,091 | 276,206 | 24.2 | % | ||
Operating profit | 39,022 | 31,524 | 23.8 | % | ||
Ratio of operating profit to net sales | 11.4 | % | 11.4 | % | - | |
Profit before income taxes | 36,326 | 29,087 | 24.9 | % | ||
Ratio of profit before income taxes to net sales | 10.6 | % | 10.5 | % | - | |
Profit attributable to owners of the parent | 28,194 | 22,028 | 28.0 | % | ||
Ratio of profit attributable to owners of the parent to net sales | 8.2 | % | 8.0 | % | - | |
Earnings per share attributable to owners of the parent -Basic |
95.22 | 74.27 | - | |||
Earnings per share attributable to owners of the parent -Diluted |
95.22 | 74.27 | - |
Full copy of Nidec’s financial statements for the year ended June 30, 2017:
http://www.nidec.com/en-Global/ir/news/2017/news0726-02/
A conference call webcast (audio-only, user-control slides attached) discussing Nidec’s financial results for the fiscal first quarter ended June 30, 2017 is scheduled for 09:00 a.m. EDT on Wednesday, July 26, 2017. To listen to the webcast, please visit Nidec website at:
http://www.nidec.com/en-Global/ir/calendar/schedule/archive/FY17Q1/
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