August 22, 2014 10:28 AM ET

Technology Hardware, Storage and Peripherals

Company Overview of Nidec Philippines Corporation

Company Overview

Nidec Philippines Corporation manufactures motors for hard disk and compact disk read-only memory. The company is based in Binan, Philippines. Nidec Philippines Corporation operates as a subsdiary of Nidec Corp.

136 North Science Avenue Extension

Laguna Technopark Special Economic Zone

Binan,  4024

Philippines

Phone:

63 49 541 1111

Fax:

63 49 541 1671

Key Executives for Nidec Philippines Corporation

Nidec Philippines Corporation does not have any Key Executives recorded.

Nidec Philippines Corporation Key Developments

Nidec Philippines Corporation Reports Unaudited Earnings Results for the First Quarter Ended June 30, 2013

Nidec Philippines Corporation reported unaudited earnings results for the first quarter ended June 30, 2013. For the quarter, net sales were JPY 7,345 million against JPY 7,877 million a year ago. Operating income was JPY 1,652 million against JPY 2,337 million a year ago.

Nidec Philippines Corporation Announces Unaudited Earnings Results for the Second Quarter and Six Months Ended September 30, 2012

Nidec Philippines Corporation announced unaudited earnings results for the second quarter and six months ended September 30, 2012. For the quarter, the company’s net sales to external customers were ¥4,185 million against ¥3,094 million a year ago. Net sales to other operating segments were ¥5,733 million against ¥5,278 million a year ago. Operating income was ¥1,503 million against ¥1,543 million a year ago. For the six months, the company’s net sales to external customers were ¥7,954 million against ¥6,031 million a year ago. Net sales to other operating segments were ¥13,610 million against ¥10,674 million a year ago. Total net sales increased by ¥4,859 million, or 29.1%, from ¥16,705 million for the six months ended September 30, 2011 to ¥21,564 million for the six months ended September 30, 2012. This increase was primarily due to the decision to shift a portion of the production of hard disk drives spindle motors from Thailand to the Philippines in response to the flooding in Thailand in October 2011. Operating income increased by ¥998 million, or 35.1%, from ¥2,842 million for the six months ended September 30, 2011 to ¥3,840 million for the six months ended September 30, 2012. This increase was primarily due to the increase in sales.

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