logo
Share SHARE
FONT-SIZE Plus   Neg

Nidec Q4 Profit Slips - Quick Facts

Japan-based Nidec Corp. (NJ) 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

Quick Facts

Editors Pick
Even after two years of thoroughly searching across the Indian Ocean, using modern technologies and devices, there is no clue about the Malaysian airline that vanished on March 8, 2014. Internet access is growing worldwide, but there is still a long way to go before the entire world is completely wired, a study from the Pew Research Center has found. The study also noted that men have greater access to the Internet than women in many nations. Backtracking on its early announcements on digital privacy, WhatsApp is planning to share member information, phone numbers and analytical data with Facebook, to make revenue from the platform.
comments powered by Disqus
Follow RTT