Nidec: Fiscal 2Q13 Financial Results
Units sold of spindle motors for HDDs decreased 18% Y/Y
This is a Press Release edited by StorageNewsletter.com on July 26, 2013 at 3:05 pm(¥ in billion) | 1Q13 | 1Q14 |
Revenues | 179.0 | 211.3 |
Growth | 18% | |
Net Income (loss) | 13.3 | 13.4 |
HDD spindle motors only
(in ¥ billion) | 1Q13 | 1Q14 |
Revenue | 48.4 | 46.6 |
Growth | -4% |
Net sales of spindle motors for HDDs for this three-month period decreased ¥1,844 million, or 3.8%, compared to the same period of the prior year. The number of units sold of spindle motors for HDDs decreased approximately 18% compared to the same period of the prior year.
The average unit price of spindle motors for HDDs on a Japanese yen basis for this three-month period increased approximately 17% compared to the same period of the prior year mainly due to the positive impact of the approximately 23% depreciation of the Japanese yen against the U.S. dollar, which was partially offset by an approximately 5% decrease in the average unit price on a U.S. dollar basis.
The number of units sold of spindle motors for 3.5-inch HDDs and 2.5-inch HDDs for this three-month period decreased approximately 15% and 20%, respectively, compared to the same period of the prior year.
The average unit price of spindle motors for 3.5-inch HDDs and 2.5-inch HDDs on a U.S. dollar basis for this three-month period decreased approximately 3% and 7%, respectively, compared to the same period of the prior year.
Net sales of spindle motors for 3.5-inch HDDs for this three-month period increased approximately 2% compared to the same period of the prior year, while net sales of spindle motors for 2.5-inch HDDs for this three-month period decreased approximately 8% compared to the same period of the prior year.