Nidec Announces Financial Results for Fiscal Third Quarter and Nine Months Ended December 31, 2017

KYOTO, Japan, Jan. 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 period of April 1, 2017 through December 31, 2017.

The highlights are as follows:

• Record-high nine months net sales, operating profit, profit before income taxes and profit attributable to owners of the parent
• Record-high three months net sales, operating profit, profit before income taxes and profit attributable to owners of the parent
• EPS: 320.06 yen (basic and diluted)

Selected Consolidated Results of Operations (Unaudited)

Yen in millions, except for per share amounts and percentages	Nine months ended December 31,				Increase (Decrease) %		Three months ended December 31,				Increase (Decrease) %
	2017		2016				2017		2016
Net sales	1,105,921		868,228		27.4	%	390,031		304,198		28.2	%
Operating profit	127,127		106,173		19.7	%	44,678		37,188		20.1	%
Ratio of operating profit to net sales	11.5	%	12.2	%	-		11.5	%	12.2	%	-
Profit before income taxes	119,723		107,747		11.1	%	43,256		41,473		4.3	%
Ratio of profit before income taxes to net sales	10.8	%	12.4	%	-		11.1	%	13.6	%	-
Profit attributable to owners of the parent	94,763		81,617		16.1	%	34,776		31,523		10.3	%
Ratio of profit attributable to owners of the parent to net sales	8.6	%	9.4	%	-		8.9	%	10.4	%	-
Earnings per share attributable to owners of the parent -Basic	320.06		275.18		-		117.46		106.28		-
Earnings per share attributable to owners of the parent -Diluted	320.06		275.18		-		117.46		106.28		-

Full copy of Nidec’s financial statements for the third quarter and nine months ended December 31, 2017:
http://www.nidec.com/en-Global/ir/news/2018/news0124-02/

A conference call webcast (audio-only, user-control slides attached) discussing Nidec’s financial results for the third quarter and nine months ended December 31, 2017 is scheduled for 09:00 a.m. EST on Wednesday, January 24, 2018. To listen to the webcast, please visit Nidec website at:
http://www.nidec.com/en-Global/ir/calendar/schedule/archive/FY17Q3/

About Nidec Corporation
Nidec Corporation (TSE:6594) (OTC US:NJDCY) is a global leader in electric motor drive technology. For the nine months ended December 31, 2017, 34.5% of its consolidated sales were represented by appliance, commercial and industrial products; 31.2% by small precision motors; 19.6% by automotive products; 9.6% by machinery; 4.9% 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