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Nidec Corp Financials

NJDCY
Source SEC Filings (10-K/10-Q) Updated Mar 31, 2011 Currency USD FYE March

This page shows Nidec Corp (NJDCY) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 2 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Financial Health Signals

Profitability Growth Leverage Liquidity Cash Flow Returns 66 / 100
Financial Profile 66/100

Based on FY2011 annual data. Scores normalized against common benchmarks. How we calculate these scores

Profitability
66

Nidec Corp has an operating margin of 13.2%, meaning the company retains $13 of operating profit per $100 of revenue. This strong profitability earns a score of 66/100, reflecting efficient cost management and pricing power. This is down from 13.3% the prior year.

Growth
100

Nidec Corp's revenue surged 31.1% year-over-year to $8.3B, reflecting rapid business expansion. This strong growth earns a score of 100/100.

Leverage
100

Nidec Corp carries a low D/E ratio of 0.29, meaning only $0.29 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 100/100, indicating a strong balance sheet with room for future borrowing.

Liquidity
52

Nidec Corp's current ratio of 1.80 indicates adequate short-term liquidity, earning a score of 52/100. The company can meet its near-term obligations, though with limited headroom.

Cash Flow
20

Nidec Corp's free cash flow margin of 4.1% results in a low score of 20/100. Capital expenditures of $661.6M absorb a large share of operating cash flow.

Returns
59

Nidec Corp's ROE of 14.7% shows moderate profitability relative to equity, earning a score of 59/100. This is down from 15.3% the prior year.

Altman Z-Score Safe
4.62

Nidec Corp scores 4.62, well above the 2.99 safe threshold. The score is driven primarily by a large market capitalization ($19.5B) relative to total liabilities ($4.7B). This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.

Piotroski F-Score Neutral
6/9

Nidec Corp passes 6 of 9 financial strength tests. 3 of 4 profitability signals pass, 2 of 3 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.

Earnings Quality Cash-Backed
1.59x

For every $1 of reported earnings, Nidec Corp generates $1.59 in operating cash flow ($999.2M OCF vs $629.4M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Interest Coverage Safe
248.0x

Nidec Corp earns $248.0 in operating income for every $1 of interest expense ($1.1B vs $4.4M). This wide margin provides strong safety for debt servicing, even if earnings decline temporarily.

Key Financial Metrics

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Revenue
$8.3B
YoY+31.1%

Nidec Corp generated $8.3B in revenue in fiscal year 2011. This represents an increase of 31.1% from the prior year.

EBITDA
$1.5B
YoY+28.5%

Nidec Corp's EBITDA was $1.5B in fiscal year 2011, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 28.5% from the prior year.

Free Cash Flow
$337.6M
YoY-41.3%

Nidec Corp generated $337.6M in free cash flow in fiscal year 2011, representing cash available after capex. This represents a decrease of 41.3% from the prior year.

Net Income
$629.4M
YoY+12.7%

Nidec Corp reported $629.4M in net income in fiscal year 2011. This represents an increase of 12.7% from the prior year.

EPS (Diluted)
$4.36
YoY+8.7%

Nidec Corp earned $4.36 per diluted share (EPS) in fiscal year 2011. This represents an increase of 8.7% from the prior year.

Cash & Debt
$1.1B
YoY-23.5%

Nidec Corp held $1.1B in cash against $1.2B in long-term debt as of fiscal year 2011.

Dividends Per Share
$0.54
YoY-8.5%

Nidec Corp paid $0.54 per share in dividends in fiscal year 2011. This represents a decrease of 8.5% from the prior year.

Shares Outstanding
145M
YoY+0.0%

Nidec Corp had 145M shares outstanding in fiscal year 2011. This represents an increase of 0.0% from the prior year.

Gross Margin
25.5%
YoY-0.3pp

Nidec Corp's gross margin was 25.5% in fiscal year 2011, indicating the percentage of revenue retained after direct costs. This is down 0.3 percentage points from the prior year.

Operating Margin
13.2%
YoY-0.2pp

Nidec Corp's operating margin was 13.2% in fiscal year 2011, reflecting core business profitability. This is down 0.2 percentage points from the prior year.

Net Margin
7.6%
YoY-1.2pp

Nidec Corp's net profit margin was 7.6% in fiscal year 2011, showing the share of revenue converted to profit. This is down 1.2 percentage points from the prior year.

Return on Equity
14.7%
YoY-0.5pp

Nidec Corp's ROE was 14.7% in fiscal year 2011, measuring profit generated per dollar of shareholder equity. This is down 0.5 percentage points from the prior year.

R&D Spending
$336.6M
YoY+26.7%

Nidec Corp invested $336.6M in research and development in fiscal year 2011. This represents an increase of 26.7% from the prior year.

Share Buybacks
$135.0M
YoY+114314.4%

Nidec Corp spent $135.0M on share buybacks in fiscal year 2011, returning capital to shareholders by reducing shares outstanding. This represents an increase of 114314.4% from the prior year.

Capital Expenditures
$661.6M
YoY+68.1%

Nidec Corp invested $661.6M in capex in fiscal year 2011, funding long-term assets and infrastructure. This represents an increase of 68.1% from the prior year.

NJDCY Income Statement

Metric Q1'11 Q4'10 Q3'10 Q2'10 Q1'10
Revenue $2.1B-2.9% $2.1B+6.6% $2.0B-0.7% $2.0B N/A
Cost of Revenue N/A N/A N/A N/A N/A
Gross Profit N/A N/A N/A N/A N/A
R&D Expenses N/A N/A N/A N/A N/A
SG&A Expenses N/A N/A N/A N/A N/A
Operating Income N/A N/A N/A N/A N/A
Interest Expense N/A N/A N/A N/A N/A
Income Tax N/A N/A N/A N/A N/A
Net Income $142.6M-11.9% $161.9M+1.7% $159.1M-4.0% $165.8M N/A
EPS (Diluted) $0.96-11.9% $1.09-3.5% $1.13-5.0% $1.19 N/A

NJDCY Balance Sheet

Metric Q1'11 Q4'10 Q3'10 Q2'10 Q1'10
Total Assets $9.0B N/A N/A N/A $7.4B
Current Assets $4.5B N/A N/A N/A $4.0B
Cash & Equivalents $1.1B N/A N/A N/A $1.5B
Inventory $1.1B N/A N/A N/A $747.0M
Accounts Receivable $1.9B N/A N/A N/A $1.6B
Goodwill $987.5M N/A N/A N/A $868.7M
Total Liabilities $4.7B N/A N/A N/A $3.8B
Current Liabilities $2.5B N/A N/A N/A $2.8B
Long-Term Debt $1.2B N/A N/A N/A $18.8M
Total Equity $4.3B N/A N/A N/A $3.7B
Retained Earnings $3.6B N/A N/A N/A $2.8B

NJDCY Cash Flow Statement

Metric Q1'11 Q4'10 Q3'10 Q2'10 Q1'10
Operating Cash Flow N/A N/A N/A N/A N/A
Capital Expenditures N/A N/A N/A N/A N/A
Free Cash Flow N/A N/A N/A N/A N/A
Investing Cash Flow N/A N/A N/A N/A N/A
Financing Cash Flow N/A N/A N/A N/A N/A
Dividends Paid N/A N/A N/A N/A N/A
Share Buybacks N/A N/A N/A N/A N/A

NJDCY Financial Ratios

Metric Q1'11 Q4'10 Q3'10 Q2'10 Q1'10
Gross Margin N/A N/A N/A N/A N/A
Operating Margin N/A N/A N/A N/A N/A
Net Margin 6.8%-0.7pp 7.5%-0.4pp 7.9%-0.3pp 8.2% N/A
Return on Equity 3.3% N/A N/A N/A N/A
Return on Assets 1.6% N/A N/A N/A N/A
Current Ratio 1.80 N/A N/A N/A 1.43
Debt-to-Equity 0.29 N/A N/A N/A 0.01
FCF Margin N/A N/A N/A N/A N/A

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Frequently Asked Questions

What is Nidec Corp's annual revenue?

Nidec Corp (NJDCY) reported $8.3B in total revenue for fiscal year 2011. This represents a 31.1% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Nidec Corp's revenue growing?

Nidec Corp (NJDCY) revenue grew by 31.1% year-over-year, from $6.3B to $8.3B in fiscal year 2011.

Is Nidec Corp profitable?

Yes, Nidec Corp (NJDCY) reported a net income of $629.4M in fiscal year 2011, with a net profit margin of 7.6%.

What is Nidec Corp's earnings per share (EPS)?

Nidec Corp (NJDCY) reported diluted earnings per share of $4.36 for fiscal year 2011. This represents a 8.7% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

What is Nidec Corp's EBITDA?

Nidec Corp (NJDCY) had EBITDA of $1.5B in fiscal year 2011, measuring earnings before interest, taxes, depreciation, and amortization.

How much debt does Nidec Corp have?

As of fiscal year 2011, Nidec Corp (NJDCY) had $1.1B in cash and equivalents against $1.2B in long-term debt.

What is Nidec Corp's gross margin?

Nidec Corp (NJDCY) had a gross margin of 25.5% in fiscal year 2011, indicating the percentage of revenue retained after direct costs of goods sold.

What is Nidec Corp's operating margin?

Nidec Corp (NJDCY) had an operating margin of 13.2% in fiscal year 2011, reflecting the profitability of core business operations before interest and taxes.

What is Nidec Corp's net profit margin?

Nidec Corp (NJDCY) had a net profit margin of 7.6% in fiscal year 2011, representing the share of revenue converted into profit after all expenses.

Does Nidec Corp pay dividends?

Yes, Nidec Corp (NJDCY) paid $0.54 per share in dividends during fiscal year 2011.

What is Nidec Corp's return on equity (ROE)?

Nidec Corp (NJDCY) has a return on equity of 14.7% for fiscal year 2011, measuring how efficiently the company generates profit from shareholder equity.

What is Nidec Corp's free cash flow?

Nidec Corp (NJDCY) generated $337.6M in free cash flow during fiscal year 2011. This represents a -41.3% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is Nidec Corp's operating cash flow?

Nidec Corp (NJDCY) generated $999.2M in operating cash flow during fiscal year 2011, representing cash generated from core business activities.

What are Nidec Corp's total assets?

Nidec Corp (NJDCY) had $9.0B in total assets as of fiscal year 2011, including both current and long-term assets.

What are Nidec Corp's capital expenditures?

Nidec Corp (NJDCY) invested $661.6M in capital expenditures during fiscal year 2011, funding long-term assets and infrastructure.

How much does Nidec Corp spend on research and development?

Nidec Corp (NJDCY) invested $336.6M in research and development during fiscal year 2011.

Does Nidec Corp buy back shares?

Yes, Nidec Corp (NJDCY) spent $135.0M on share buybacks during fiscal year 2011, returning capital to shareholders by reducing shares outstanding.

How many shares does Nidec Corp have outstanding?

Nidec Corp (NJDCY) had 145M shares outstanding as of fiscal year 2011.

What is Nidec Corp's current ratio?

Nidec Corp (NJDCY) had a current ratio of 1.80 as of fiscal year 2011, which is generally considered healthy.

What is Nidec Corp's debt-to-equity ratio?

Nidec Corp (NJDCY) had a debt-to-equity ratio of 0.29 as of fiscal year 2011, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Nidec Corp's return on assets (ROA)?

Nidec Corp (NJDCY) had a return on assets of 7.0% for fiscal year 2011, measuring how efficiently the company uses its assets to generate profit.

What is Nidec Corp's Altman Z-Score?

Nidec Corp (NJDCY) has an Altman Z-Score of 4.62, placing it in the Safe Zone (low bankruptcy risk). The Z-Score combines five financial ratios—working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets—to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.

What is Nidec Corp's Piotroski F-Score?

Nidec Corp (NJDCY) has a Piotroski F-Score of 6 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Nidec Corp's earnings high quality?

Nidec Corp (NJDCY) has an earnings quality ratio of 1.59x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

Can Nidec Corp cover its interest payments?

Nidec Corp (NJDCY) has an interest coverage ratio of 248.0x, meaning it can comfortably cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.

How financially healthy is Nidec Corp?

Nidec Corp (NJDCY) scores 66 out of 100 on our Financial Profile, indicating strong overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.