(MENAFN- GlobeNewsWire - Nasdaq) itemprop="articleBody">KYOTO, Japan, April 23, 2019 (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, 2019.
The highlights are as follows:
Net sales increased 2% Y/Y to ¥1,518.3 billion, marking a record high. Operating profit decreased 17% Y/Y to ¥138.6 billion due to temporary expenses of ¥38.8 billion for streamlining factories, launching new products, and completing ongoing M & A deals. Profit before income taxes decreased 15% Y/Y to ¥139.0 billion. Profit attributable to owners of the parent decreased 15% Y/Y to ¥110.8 billion. EPS: 375.83 yen (basic and diluted) Year-end dividend: 55 yen per share Annual dividend: 105 yen per share
Selected Consolidated Results of Operations (Unaudited)
Yen in millions, except for per share amounts and percentages Year ended
March 31 Increase
(Decrease)
% Three months ended
March 31 Increase
(Decrease)
%
2019 2018 2019 2018
Net sales 1,518,320 1,488,090 2.0% 364,014 382,169 (4.8%)
Operating profit 138,620 166,842 (16.9%) 9,528 40,682 (76.6%)
Ratio of operating profit to net sales 9.1% 11.2% - 2.6% 10.6% -
Profit before income taxes 139,014 163,665 (15.1%) 7,991 44,909 (82.2%)
Ratio of profit before income taxes to net sales 9.2% 11.0% - 2.2% 11.8% -
Profit attributable to owners of the parent 110,798 130,834 (15.3%) 7,798 36,850 (78.8%)
Ratio of profit attributable to owners of the parent to net sales 7.3% 8.8% - 2.1% 9.6% -
Earnings per share attributable to owners of the parent
-Basic 375.83 441.91 - 26.50 124.48 -
Earnings per share attributable to owners of the parent
-Diluted 375.83 441.91 - 26.50 124.48 -
Full copy of Nidec's financial statements for the year ended March 31, 2019:
https://www.nidec.com/en-Global/ir/news/2019/news0423-01/
A conference call webcast (audio-only, user-control slides attached) discussing Nidec's financial results for the fiscal year ended March 31, 2019 is scheduled for 09:00 a.m. EST on Wednesday, April 24, 2019. To listen to the webcast, please visit Nidec website at:
https://www.nidec.com/en-Global/ir/calendar/schedule/archive/FY18Q4/
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, 2019, 29.1% of its consolidated sales were represented by small precision motors; 19.6% by automotive products; 35.5% by appliance, commercial and industrial products; 10.8% by machinery; 4.8% by electronic and optical components, and 0.3% by the remaining products lines. Nidec was founded in Kyoto, Japan in 1973 by Shigenobu Nagamori, its current Chairman and CEO.
Contact:
Masahiro Nagayasu
General Manager
Investor Relations
+81-75-935-6140
MENAFN2304201900703653ID1098426643
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