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
Revenues:
Nidec Sankyo	129,068	122,711	98,564	73,201
Nidec Motors & Actuators	247,662	172,699	105,249	77,654
Nidec Techno Motor	58,456	58,746	50,691	39,940
Other	743,104	674,229	620,605	518,475
Total revenues	1,178,290	1,028,385	875,109	709,270	682,320	675,988
Revenue growth [+]	14.6%	17.5%	23.4%	3.9%	0.9%
Nidec Sankyo	5.2%	24.5%	34.6%
Nidec Motors & Actuators	43.4%	64.1%	35.5%
Nidec Techno Motor	-0.5%	15.9%	26.9%
Nidec Copal	2.2%	-17.8%	-5.2%
Cost of goods sold	908,311	786,486	674,903	572,634	523,729	500,034
Gross profit	269,979	241,899	200,206	136,636	158,591	175,954
Gross margin	22.9%	23.5%	22.9%	19.3%	23.2%	26.0%
Selling, general and administrative	93,463	85,781	77,534	84,760	55,471	55,348
Research and development	51,978	45,179	37,808	34,278	30,050	27,737
Equity in earnings	1	29	-25	13		6
Other operating expenses					-5,932
EBITDA [+]	189,275	164,372	131,150	57,331	113,332	128,585
EBITDA growth	15.2%	25.3%	128.8%	-49.4%	-11.9%
EBITDA margin	16.1%	16.0%	15.0%	8.1%	16.6%	19.0%
Depreciation	56,448	46,198	39,918	35,093	31,666	33,105
EBITA	132,827	118,174	91,232	22,238	81,666	95,480
EBITA margin	11.3%	11.5%	10.4%	3.1%	12.0%	14.1%
Amortization of intangibles	8,288	7,206	6,393	4,627	2,664	2,605
EBIT [+]	124,539	110,968	84,839	17,611	79,002	92,875
EBIT growth	12.2%	30.8%	381.7%	-77.7%	-14.9%
EBIT margin	10.6%	10.8%	9.7%	2.5%	11.6%	13.7%
Non-recurring items					5,932
Interest income, net [+]	-315	872	850	1,152	1,335	694
Interest expense	2,228	1,487	1,526	679	299	355
Interest income	1,913	2,359	2,376	1,831	1,634	1,049
Other income (expense), net [+]	-4,896	-4,748	-1,229	-5,365	-3,549	-11,603
Unrealized gain (loss) on marketable securities	946	70	245	-87	-202	-238
Gain (loss) on foreign currency transactions	-153	804	-56	-2,973	-1,756	-9,108
Other	-5,688	-5,593	-1,443	-2,292	-1,591	-2,251
Pre-tax income	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%
Minority interest	1,053	2,073	2,505	1,137	-3,556	5,159
Earnings from continuing ops	91,810	76,015	56,272	7,986	48,499	58,504
Earnings from discontinued ops					-7,768	-6,171
Net income	91,810	76,015	56,272	7,986	40,731	52,333
Net margin	7.8%	7.4%	6.4%	1.1%	6.0%	7.7%

Basic EPS [+]	$309.32	$271.61	$206.82	$29.64	$176.37	$420.24
Growth	13.9%	31.3%	597.8%	-83.2%	-58.0%
Diluted EPS [+]	$308.20	$256.24	$193.72	$27.71	$165.07	$405.81
Growth	20.3%	32.3%	599.2%	-83.2%	-59.3%

Dividends per share [+]	$80.00	$57.50	$42.50	$45.00	$45.00	$80.00
Growth	39.1%	35.3%	-5.6%	0.0%	-43.8%

Shares outstanding (basic) [+]	297	280	272	269	275	139
Growth	6.1%	2.9%	1.0%	-2.0%	97.5%
Shares outstanding (diluted) [+]	298	297	290	288	294	144
Growth	0.4%	2.1%	0.8%	-1.9%	103.8%

EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.