logo
Share SHARE
FONT-SIZE Plus   Neg

Nidec Q4 Profit Slips - Quick Facts

Japan-based Nidec Corp. (NJ: Quote) posted lower fourth-quarter net income attributable to the company of 9.08 billion yen or 61.98 yen per share compared with the prior year's 11.86 billion yen or 79.91 yen per share.

Net sales for the period declined 2.1% to 167.59 billion yen from 171.22 billion yen in the earlier year quarter.

However, operating income for the fourth quarter went up 6.2% year-over-year to 18.77 billion yen from 17.67 billion yen, reflecting a solid recovery from flood-induced damages.

Separately, Nidec Corp. and Nidec Sankyo Corp. have decided to enter into a share exchange transaction to make Nidec Sankyo a wholly owned unit of Nidec, and that the two companies have inked a Share Exchange Agreement.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Editors Pick
Apple will unveil its Apple Watch with a battery that may last only 2.5 to 4 hours on very active use, according to a report in 9to5mac. "People with knowledge of the Apple Watch's development have provided us with the specific performance targets Apple wants to achieve for the Apple Watch battery,... HARMAN International Industries, Inc. (HAR) announced it has signed an agreement with Symphony Technology Group to acquire Symphony Teleca, a privately-held global software services company. Check out this story for a look at some of We are just a few weeks into 2015 and it has already been a busy year for merger deals and merger talks. Here is a list of some of the M&A stories that have made headlines so far in 2015.
comments powered by Disqus
RELATED NEWS
Trade NJ now with 
Follow RTT