NIDEC CORP (NJ) [Rocket]

In millions, except per share items	Mar-31-16	Mar-31-15	Mar-31-14	Mar-31-13	Mar-31-12	Mar-31-11
	20-F	20-F	20-F	20-F	20-F	20-F
Net sales	1,178,290	1,028,385	875,109	709,270	682,320	675,988
Net sales growth	14.6%	17.5%	23.4%	3.9%	0.9%
Operating expenses:
Cost of products sold	908,311	786,486	674,903	572,634	523,729	500,034
Selling, general and administrative expenses	93,463	85,781	77,534	84,760	55,471	55,348
Research and development expenses	51,978	45,179	37,808	34,278	30,050	27,737
Total operating expenses	1,053,752	917,446	790,245	691,672	609,250	583,119
Operating income	124,538	110,939	84,864	17,598	73,070	92,869
Operating margin	10.6%	10.8%	9.7%	2.5%	10.7%	13.7%

Other income (expense):
Interest and dividend income	1,913	2,359	2,376	1,831	1,634	1,049
Interest expense	-2,228.0	-1,487.0	-1,526.0	-679.0	-299.0	-355.0
Foreign exchange (loss) gain, net	-153	804	-56	-2,973	-1,756	-9,108
Gain on marketable securities, net	946	70	245	-87	-202	-238
Other, net	-5,688	-5,593	-1,443	-2,292	-1,591	-2,251
Total other income (expense)	-10,898	-9,440	-1,847	-4,200	-2,214	-10,903
Income before income taxes	119,328	107,092	84,460	13,398	70,856	81,966
Income taxes	-26,466	-29,033	-25,658	-6,562	18,801	-18,309
Tax rate					26.5%
Equity in net (loss) income of affiliated companies	1	29	-25	13		6
Consolidated net income	92,863	78,088	58,777	6,849	52,055	63,663
Less: Net income attributable to noncontrolling interests	-1,053.0	-2,073.0	-2,505.0	-1,137.0	3,556.0	-5,159.0
Net income attributable to Nidec Corporation	91,810	76,015	56,272		40,731	52,333

Per share data:
Earning per share-basic
Net income attributable to Nidec Corporation, Basic	$309.32	$271.61	$206.82	$29.64	$148.12	$375.91

Earning per share-diluted
Net income attributable to Nidec Corporation, Diluted	$308.19	$256.05	$193.50	$27.49	$138.45	$362.80

Cash dividends paid	$80.00	$57.50	$42.50	$45.00	$45.00	$80.00