Nidec Announces Financial Results for Fiscal Second Quarter and Six Months Ended September 30, 2018

KYOTO, Japan, Oct. 23, 2018 (GLOBE NEWSWIRE) -- Nidec Corporation (TSE: 6594) (OTC US: NJDCY) today announced its consolidated financial results under the International Financial Reporting Standards (“IFRS”) for the period of April 1, 2018 through September 30, 2018.

The highlights are as follows:

• Record-high first-half net sales, operating profit, profit before income taxes and profit attributable to owners of the parent
• Record-high quarterly net sales, operating profit, profit before income taxes and profit attributable to owners of the parent
• Year-end dividend projection raised

Selected Consolidated Results of Operations (Unaudited) (IFRS-Based)

Yen in millions, except for per share amounts and percentages	Six months ended September 30,				Increase (Decrease) %		Three months ended September 30,				Increase (Decrease) %
	2018		2017				2018		2017
Net sales	777,604		715,890		8.6	%	393,839		372,799		5.6	%
Operating profit	98,237		81,765		20.1	%	51,649		42,898		20.4	%
Ratio of operating profit to net sales	12.6	%	11.4	%	-		13.1	%	11.5	%	-
Profit before income taxes	98,267		75,783		29.7	%	51,379		39,612		29.7	%
Ratio of profit before income taxes to net sales	12.6	%	10.6	%	-		13.0	%	10.6	%	-
Profit attributable to owners of the parent	78,510		59,421		32.1	%	41,192		31,344		31.4	%
Ratio of profit attributable to owners of the parent to net sales	10.1	%	8.3	%	-		10.5	%	8.4	%	-
Earnings per share attributable to owners of the parent -Basic	265.84		200.69		-		139.67		105.86		-
Earnings per share attributable to owners of the parent -Diluted	265.84		200.69		-		139.67		105.86		-

Full copy of Nidec’s financial statements for the second quarter and six months ended September 30, 2018:
https://www.nidec.com/en-Global/ir/news/2018/news1023-01/ 

A conference call webcast (audio-only, user-control slides attached) discussing Nidec’s financial results for the second quarter and six months ended September 30, 2018 is scheduled for 09:00 a.m. EDT on Wednesday, October 24, 2018. To listen to the webcast, please visit Nidec website at:
http://www.nidec.com/en-Global/ir/calendar/schedule/archive/FY18Q2/

About Nidec Corporation 
Nidec Corporation (TSE: 6594) (OTC US: NJDCY) is a global leader in electric motor drive technology. For the six months ended September 30, 2018, 29.4% of its consolidated sales were represented by small precision motors; 19.5% by automotive products; 35.0% by appliance, commercial and industrial products; 11.0% by machinery; 4.8% by electronic and optical components, and 0.3% by the remaining products lines. Nidec was founded in Kyoto, Japan in 1973 by Shigenobu Nagamori, its current Chairman and CEO.

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