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Nidec Announces Financial Results for Fiscal Year Ended March 31, 2018

KYOTO, Japan, April 24, 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 fiscal year ended March 31, 2018.

The highlights are as follows:

  • Net sales, operating profit, profit before income taxes and profit attributable to owners of the parent simultaneously marked the fourth consecutive annual records
    -Net sales up 24.1% Y/Y
    -Operating profit up 20.3% Y/Y
    -Profit before income taxes up 16.4% Y/Y
    -Profit attributable to owners of the parent up 18.4% Y/Y
  • Annual operating profit on Automotive, Appliance, Commercial and Industrial Products exceeded that of Small Precision Motors, driving Vision 2020 realization
  • EPS: 443.94 yen (basic and diluted)
  • Year-end dividend: 50 yen per share
  • Annual dividend: 95 yen per share

Selected Consolidated Results of Operations (Unaudited)

Yen in millions, except for per share amounts and   Year ended   Increase   Three months ended   Increase
percentages   March 31   (Decrease)   March 31   (Decrease)
    2018   2017   %   2018   2017   %
Net sales   1,488,090   1,199,311   24.1%   382,169   331,083   15.4%
Operating profit   167,637   139,366   20.3%   40,775   33,193   22.8%
Ratio of operating profit to net sales   11.3%   11.6%   -   10.7%   10.0%   -
Profit before income taxes   164,460   141,313   16.4%   45,002   33,566   34.1%
Ratio of profit before income taxes to net sales   11.1%   11.8%   -   11.8%   10.1%   -
Profit attributable to owners of the parent   131,434   111,007   18.4%   36,917   29,390   25.6%
Ratio of profit attributable to owners of the parent to net
sales
  8.8%   9.3%   -   9.7%   8.9%   -
Earnings per share attributable to owners of the parent
-Basic
  443.94   374.27   -   124.71   99.09   -
Earnings per share attributable to owners of the parent
-Diluted
  443.94   374.27   -   124.71   99.09   -

Full copy of Nidec’s financial statements for the year ended March 31, 2018: http://www.nidec.com/en-Global/ir/news/2018/news0424-01/

A conference call webcast (audio-only, user-control slides attached) discussing Nidec’s financial results for the fiscal year ended March 31, 2018 is scheduled for 09:00 a.m. EST on Wednesday, April 25, 2018. To listen to the webcast, please visit Nidec website at: http://www.nidec.com/en-Global/ir/calendar/schedule/archive/FY17Q4/

About Nidec Corporation
Nidec Corporation (TSE:6594) (OTC US:NJDCY) is a global leader in electric motor drive technology. For the year ended March 31, 2018, 34.9% of its consolidated sales were represented by appliance, commercial and industrial products; 30.4% by small precision motors; 19.9% by automotive products; 9.9% by machinery; 4.8% by electronic and optical components, and 0.3% by the remaining product lines. Nidec was founded in Kyoto, Japan in 1973 by Shigenobu Nagamori, its current President and CEO.

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

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