KYOTO, Japan, Oct. 26, 2010 (GLOBE NEWSWIRE) -- Nidec Corporation (NYSE:NJ) today announced its consolidated results under U.S.GAAP for the fiscal six months ended September 30, 2010.
The highlights are as follows:
- Record six-month operating income of 51.5bn yen.
- Financial base for mid-term growth bolstered by a 100bn Euro Yen CB issue.
- Full-year sales guidance revised upward, reflecting the acquisition of Emerson's Motors & Controls business.
- Diluted EPS for the six months ended September 30, 2010: 193.22 yen
Full copy of the financial statements for Nidec's fiscal six months ended September 30, 2010: http://www.nidec.co.jp/english/ir/lib/indexdata2/2011/Q2_3.pdf
A conference call webcast (audio-only, user-control slides attached) discussing Nidec's financial results for the fiscal six months ended September 30, 2010 is scheduled for 09:00 a.m. EDT on Wednesday, October 27, 2010. To listen to the webcast, please visit Nidec website at: http://www.nidec.co.jp/english/ir/information/FY10Q2
About Nidec Corporation
Nidec Corporation (NYSE:NJ) (Tokyo/Osaka:6594) is a global leader in electric motor drive technology. For the fiscal six months ended September 30, 2010, "Small Precision Motors" and "General Motors*" combined represented 64.3% of the total sales; "Electronic and Optical Components," "Machinery" and "Others" products comprised the remainder. Nidec was founded in Kyoto, Japan in 1973 by Shigenobu Nagamori, its current President and CEO.
* The product group previously classified as "Mid-size Motors" has been renamed "General Motors," reflecting the inclusion of large-size motor lines of U.S. Emerson's Motors & Controls operations (acquisition transaction completed on September 30, 2010, EDT).
The Nidec Corporation logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=1734
CONTACT: Nidec Corporation Investor Relations Masahiro Nagayasu, General Manager +81-75-935-6140 ir@jp.nidec.com