Nidec Corporation Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended December 31, 2016
January 24, 2017 at 01:15 am
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Nidec Corporation reported unaudited consolidated earnings results for the third quarter and nine months ended December 31, 2016. For the nine months, net sales were JPY 868,228 million against JPY 895,353 million a year ago. Operating profit was JPY 106,197 million against JPY 90,286 million a year ago. Profit before income taxes was JPY 107,771 million against JPY 92,467 million a year ago. Profit attributable to owners of the parent was JPY 81,638 million against JPY 69,526 million a year ago. Earnings per share attributable to owners of the parent -basic and diluted were JPY 275.25 against JPY 233.05 per diluted share a year ago.
For the quarter, net sales were JPY 304,198 million against JPY 308,001 million a year ago. Operating profit was JPY 37,193 million against JPY 30,683 million a year ago. Profit before income taxes was JPY 41,478 million against JPY 30,320 million a year ago. Profit attributable to owners of the parent was JPY 31,528 million against JPY 22,669 million a year ago. Earnings per share attributable to owners of the parent -basic and diluted were JPY 106.30 against JPY 76.04 a year ago.
Nidec Corporation specializes in the development, manufacturing and marketing of small precision motors and automotive and appliance components. Net sales break down by family of products as follows:
- appliances, air-conditioning and industrial equipment motors (40.5%);
- small precision motors (21.9%): pin motors for hard drives, fan motors, vibrating motors, brush motors and motor applications, etc. ;
- automotive components (21.3%);
- machines (12.1%): industrial robots, card readers, test systems, presses and power transmission drives, etc. ;
- electronic and optical components (3.9%): switches, trimmer potentiometers, lens units and camera shutters, etc. ;
- other (0.3%).
The net sales are distributed geographically as follows: Japan (17.8%), China (26.7%), the United States (21.6%), Germany (6.1%), Italy (5.5%), Thailand (5.2%) and other (17.1%).
NIDEC CORPORATION 
