Nidec Corporation Revises Consolidated Financial Guidance for the Year Ending March 31, 2017
January 24, 2017 at 01:15 am
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Nidec Corporation revised consolidated financial guidance for the year ending March 31, 2017. For the full year ending March 31, 2017, on IFRS and consolidated based, the company now expects net sales of JPY 1,200,000 million, operating profit of JPY 140,000 million, profit before income taxes of JPY 140,000 million and profit attributable to owners of the parent of JPY 105,000 million or JPY 354.01 per basic share against net sales of JPY 1,200,000 million, operating profit of JPY 135,000 million, profit before income taxes of JPY 133,000 million and profit attributable to owners of the parent of JPY 100,000 million or JPY 337.15 per basic share as provide earlier. The company’s profit performance for the nine months ended December 31, 2016 exceeded the Company’s expectations at the beginning of the period. In view of the favorable profit growth in the nine months, the company has decided to revise its previously announced profit forecasts for the fiscal year ending March 31, 2017.
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 
