updated 4/25/2011 8:16:49 AM ET 2011-04-25T12:16:49

KYOTO, Japan, April 25, 2011 (GLOBE NEWSWIRE) -- Nidec Corporation (NYSE:NJ) today announced its consolidated results under U.S. GAAP for the fiscal year ended March 31, 2011. The highlights are as follows:

  • Record Operating Income, Income before Tax and Net Income for two consecutive fiscal years
     
  • "General Motors" product group in profit across all four quarters
     
  • Year-end Dividend: 45 Yen per share (Up 5 Yen)
  • Annual Dividend: 85 Yen per share (Up 20 Yen)

 

Selected Consolidated Results of

Operations
Yen in millions (except for per share amounts)
  Year ended

March 31
Increase (Decrease)

%
Three months ended

March 31
Increase (Decrease)

%
  2011 2010   2011 2010  
  (unaudited)   (unaudited)  
Net sales 688,530 586,029 17.5% 173,556 165,268 5.0%
Operating income 90,527 78,513 15.3% 16,961 26,580 (36.2%)
Ratio of operating income to net sales 13.1% 13.4% -- 9.8% 16.1% --
Income from continuing operations before income taxes 79,525 75,183 5.8% 18,205 27,309 (33.3%)
Ratio of income from continuing operations before income taxes to net sales 11.5% 12.8% -- 10.5% 16.5% --
Income from continuing operations 60,998 57,608 5.9% 14,767 23,598 (37.4%)
Loss from discontinued operations (3,506) (1,457) -- (2,921) (80) --
Net income attributable to Nidec Corporation 52,333 51,961 0.7% 11,860 21,858 (45.7%)
Ratio of net income attributable to Nidec Corporation to net sales 7.6% 8.9% -- 6.8% 13.2% --
Net income attributable to shareholders per share-basic 375.91 373.04 -- 85.42 156.92 --
Net income attributable to shareholders per share-diluted 362.80 373.04 -- 79.91 156.92 --
             
Note: Prior-period statements have been retrospectively adjusted to reflect the reclassification of "discontinued operations" (under FASB ASC205-20) and the evaluation of financial effects of "business combinations" (under FASB ASC 805).

Full copy of Nidec's financial statements for the year ended March 31, 2011:

http://www.nidec.co.jp/english/ir/lib/indexdata2/2011/Q4_3.pdf
 
A conference call webcast (audio-only, user-control slides attached) discussing Nidec's financial results for the fiscal year ended March 31, 2011 is scheduled for 09:00 a.m. EDT on Tuesday, April 26, 2011.

To listen to the webcast, please visit Nidec website at:

http://www.nidec.co.jp/english/ir/information/FY10Q4

 

About Nidec Corporation

Nidec Corporation (NYSE:NJ) (Tokyo/Osaka:6594) is a global leader in electric motor drive technology. For the year ended March 31, 2011, "small precision motors" and "general motors" represented 66.6% of the total sales; electronic and optical components, machinery and other products comprised the remainder. Nidec was founded in Kyoto, Japan in 1973 by Shigenobu Nagamori, its current President and CEO.

The Nidec Corporation logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=1734

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

© Copyright 2012, GlobeNewswire, Inc. All Rights Reserved

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