Nidec Announces Financial Results for Fiscal First Quarter 2006
biz.yahoo.com
Thursday July 27, 2:30 am ET
KYOTO, Japan, July 27, 2006 (PRIMEZONE) -- Nidec Corporation (NYSE:NJ) (Tokyo, Osaka:6594) announced today its financial results under U.S.GAAP for the period of April 1, 2006, to June 30, 2006.
Following are the highlights:
-- YoY sales and operating income up 19% and 56.6%, respectively,
marking the highest operating income margin ever achieved in the
April-June period.
-- Record sales of "Small Precision Motors" drove the consolidated
performance.
-- "Mid-size Motors" returned to profitability.
-- "Machinery" up 39% in sales and 160% in operating profit YoY.
Strong sales of industrial robots contributed.
-- Diluted EPS: 59.45 yen
FINANCIAL STATEMENTS (U.S. GAAP)
RESULTS FOR THE FISCAL QUARTER ENDED JUNE 30, 2006
(FROM APRIL 1, 2006 TO JUNE 30, 2006)
CONSOLIDATED
Japanese yen
(millions except per share amounts)
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Three months ended Year ended
June 30, March 31,
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2006 2005 2006
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Net sales 145,819 122,499 536,858
Percent change from the previous
period 19.0% 9.1% 10.5%
Operating income 15,034 9,602 53,426
Percent change from the previous
period 56.6% (12.9)% (0.4%)
Income before income taxes and
minority interests 14,028 11,959 64,378
Percent change from the previous
period 17.3% (12.0)% 12.4%
Net income 8,849 8,794 40,949
Percent change from the previous
period 0.6% 3.4% 22.4%
Net income per share, primary 61.19 61.59(a) 285.47(a)
Net income per share, diluted 59.45 59.17(a) 275.05(a)
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(a) The per-share amounts have been restated to retroactively reflect the effect of the two-for-one stock split effective November 18, 2005.
Full copy of Nidec's earnings release: nidec.co.jp |
