Nidec Corp. said its normalized net income for the fiscal second quarter ended Sept. 30 came to ¥54.87 per share, an increase of 28.0% from ¥42.88 per share in the year-earlier period.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥16.14 billion, an increase of 31.1% from ¥12.31 billion in the year-earlier period.
The normalized profit margin climbed to 6.4% from 5.6% in the year-earlier period.
Total revenue increased 14.2% year over year to ¥249.32 billion from ¥218.36 billion, and total operating expenses rose 12.8% on an annual basis to ¥222.20 billion from ¥197.07 billion.
Reported net income grew 40.4% on an annual basis to ¥19.29 billion, or ¥65.61 per share, from ¥13.74 billion, or ¥47.85 per share.
As of Oct. 22, US$1 was equivalent to ¥107.23.
