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
Leaders of the Senate Health Committee revealed Tuesday they have reached an agreement on legislation to provide short-term stability to Obamacare. Committee Chairman Lamar Alexander, R-Tenn., and ranking member Patty Murray, D-Wash., announced the bipartisan agreement. Activist investor Rudolf Bohli is reportedly targeting Switzerland's second largest bank Credit Suisse. Bloomberg reported that Bohli has 0.2 percent stake in Credit Suisse that comes around 100 million francs or around $102 million. Australia's flag carrier Qantas Airways Ltd. on Tuesday took delivery of its first Boeing 787-9 Dreamliner aircraft, noting that the game-changing aircraft will open up new routes and new levels of comfort for travelers. The new aircraft will enable Qantas to operate Australia's first regular non-stop flights to Europe.
comments powered by Disqus
Follow RTT