Nidec Corp. said its normalized net income for the fiscal first quarter ended June 30 was ¥60.57 per share, a decrease of 6.6% from ¥64.83 per share in the prior-year period.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥17.97 billion, a decline of 7.1% from ¥19.34 billion in the prior-year period.
The normalized profit margin declined to 6.5% from 6.8% in the year-earlier period.
Total revenue declined year over year to ¥276.21 billion from ¥285.04 billion, and total operating expenses decreased on an annual basis to ¥244.67 billion from ¥255.18 billion.
Reported net income declined 5.3% from the prior-year period to ¥22.04 billion, or ¥74.31 per share, from ¥23.26 billion, or ¥77.96 per share.
As of Aug. 9, US$1 was equivalent to ¥101.89.
