Nidec Announces Financial Results for the Six Months Ended September 30, 2006
biz.yahoo.com
Friday October 27, 9:02 am ET
KYOTO, Japan, Oct. 27, 2006 (PRIMEZONE) -- Nidec Corporation (NYSE:NJ) (Osaka Stock Exchange:6594) (Tokyo Stock Exchange:6594) announced today its financial results under U.S.GAAP for the period of April 1, 2006 to September 30, 2006.
The following are the highlights:
-- Record sales, operating income, income before tax and net income
-- "HDD motors" up 21%-22% both in sales and shipment year-over-year
-- "Mid-size Motors" back to profit
-- New M&A deals: Acquisition of the Motors & Actuators business
of Valeo S.A.,France in progress
-- Diluted EPS: JPY 139.59
-- Interim dividend per share: JPY 20 (up 60% year-over-year)
Consolidated Financial Results
Japanese yen (Millions except per share amounts)
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Six months ended
September 30,
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2006 2005
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Net sales 299,837 256,174
Percent change from the previous period 17.0% 8.4%
Operating income 32,046 25,078
Percent change from the previous period 27.8% 4.1%
Income before income tax 32,661 30,187
Percent change from the previous period 8.2% 10.0%
Net income 20,776 20,401
Percent change from the previous period 1.8% 27.1%
Net income per share, primary 143.65 142.83(a)
Net income per share, diluted 139.59 137.20(a)
(a) For convenience of reference, the per-share amounts for the
six months ended September 30, 2005, have been restated
to retroactively reflect the effect of the two-for-one stock
split that took effect on November 18, 2005.
Full copy of the Nidec earnings release:
nidec.co.jp
Nidec dividend release:
nidec.co.jp
Nidec subsidiaries' relevant press releases:
nidec.co.jp
Webcast Conference Call scheduled for Monday, October 30, 2006:
nidec.co.jp |
