KYOTO, Japan, Jan. 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 period of April 1, 2018 through December 31, 2018.
The highlights are as follows:Nidec announced a downward revision to its FY2018 full-year forecast on January 17, 2019 due to the worsening of the business environment that became evident in November and lingered through the rest of the quarter. For the details, please refer to the press release:
https://www.nidec.com/en-Global/ir/news/2019/news0117-01/Nine months net sales, operating profit, profit before income taxes and profit attributable to owners of the parent increased to record highs.Nidec’s profitability enhancement program focused on purchase costs reduction is underway on a group-wide basis to achieve the revised FY2018 targets.EPS: ￥349.90 (basic and diluted)Selected Consolidated Results of Operations (Unaudited) (IFRS-Based)Full copy of Nidec’s financial statements for the third quarter and nine months ended December 31, 2018:
http://www.nidec.com/en-Global/ir/news/2019/news0123-02/A conference call webcast (audio-only, user-control slides attached) discussing Nidec’s financial results for the third quarter and nine months ended December 31, 2018 is scheduled for 09:00 a.m. EST on Wednesday, January 23, 2019. To listen to the webcast, please visit Nidec website at:
http://www.nidec.com/en-Global/ir/calendar/schedule/archive/FY18Q3/About Nidec Corporation
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