KYOTO, Japan, April 22, 2015 (GLOBE NEWSWIRE) -- Nidec Corporation (NYSE:NJ) today announced consolidated results under U.S. GAAP for the fiscal year ended March 31, 2015. The highlights are as follows:

  • Record-high full-year net sales, operating income, income before taxes and net income
  • 1 trillion yen mark in net sales and 100 billion yen mark in operating income achieved for the first time
  • Sales of "Automotive, Appliance, Commercial and Industrial Products" surpassing those of "Small Precision Motors" as a result of the strategic business portfolio transformation
  • Convertible bond (CB) conversion amounted to 74.3 billion Yen (78% of remaining CBs after early redemption put option). The debt to equity ratio improved further as the year-end shareholders' equity ratio rose to 55%
  • EPS (diluted): 256.73 yen
  • Year-end dividend: 40 yen per share (Annual dividend: 70 yen per share)
Consolidated Results of Operations (unaudited)            
 Yen in millions (except for per share amounts and percentages)
 Year endedIncrease Three months endedIncrease 
 March 31(Decrease)March 31(Decrease)
 20152014%20152014%
 (unaudited)  (unaudited)  
Net sales 1,028,385 875,109 17.5 274,619 228,384 20.2
Operating income 111,218 84,864 31.1 30,491 22,998 32.6
Ratio of operating income to net sales 10.8% 9.7% -- 11.1% 10.1% --
Income before income taxes 107,371 84,460 27.1 26,062 21,935 18.8
Ratio of income from continuing operations before income taxes to net sales 10.4% 9.7% -- 9.5% 9.6% --
Net income attributable to Nidec Corporation 76,216 56,272 35.4 18,185 13,219 37.6
Ratio of net income attributable to Nidec Corporation to net sales 7.4% 6.4% -- 6.6% 5.8% --
Net income attributable to Nidec Corporation stockholders per share-basic 272.32 206.82 -- 63.23 47.93 --
Net income attributable to Nidec Corporation stockholders per share-diluted 256.73 193.50 -- 60.45 44.94 --

Full copy of Nidec's financial statements for the year ended March 31, 2015: http://www.nidec.com/en-Global/ir/news/2015/news0422-01/.

A conference call webcast (audio-only, user-control slides attached) discussing Nidec's financial results for the fiscal year ended March 31, 2015 is scheduled for 09:00 a.m. EDT on Thursday, April 23, 2015. To listen to the webcast, please visit Nidec website at: http://www.nidec.com/en-Global/ir/calendar/schedule/archive/FY14Q4/.

About Nidec Corporation

Nidec Corporation (NYSE:NJ) (Tokyo:6594) is a global leader in electric motor drive technology. For the year ended March 31, 2015, 38.7% of its consolidated sales were represented by small precision motors; 25.6% by appliance, commercial and industrial products; 19.1% by automotive products; 9.6% by machinery; 6.3% by electronic and optical components, and 0.6% by the remaining products 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

Nidec Corporation