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Nidec: Fiscal 4Q15 Financial Results

Sales of spindle motors for HDDs decreased 18% Q/Q, 16% in units sold

in ¥ billion 4Q14 4Q15 FY14 FY15 FY16 forecast
Revenue 308.0 282.9 1,028 1,178 1,250
Growth   -9%   15% 6%
Net income (loss) 23.3 20.9 76.0 91.8 98

Net sales of HDD spindle motors by Nidec

in ¥ billion
3Q15 3Q16 4Q15 4Q15 FY14 FY15
  56.9 55.6 55.6 45.5 204 208
Growth   -2%   -18%   2%

Revenue of spindle motors for HDDs in FY15 represented 17,6% of revenue, vs. 19.8% in FY14

Net sales of spindle motors for HDDs decreased 18.2% to ¥45,520 million for this quarter compared to the former one. The decrease is 16% in number of units sold.

Net sales of these spindle motors for the fiscal year increased 1.9% to ¥207,974 million compared to the previous fiscal year and the number of units sold decreased approximately 10% compared to the previous fiscal year.

The company expects a 6% decrease in motors next fiscal year resulting of a forecasted 10% decline of the HDD market.

Nidec’s small precision motors includind units for HDDs
(in ¥ billion)
nidec f1

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