Nidec posts quarterly loss, hit by restructuring costs

This post was originally published on this site

The company’s fourth-quarter operating loss was 6.17 billion yen ($40 million), undershooting an average estimate for a 21.48 billion yen profit in a survey of eight analysts by LSEG.

For the current business year to March 2025, the precision motor maker expects its operating profit to grow 41% from a year earlier to 230 billion yen, still missing an average estimate of a 242.93 billion yen profit by 18 analysts.

($1 = 154.7300 yen)