TOKYO : Japanese electric motor maker Nidec Corp on Monday posted its first quarterly operating loss in a decade, of 24.3 billion yen , as restructuring costs hurt results.
The result for the final January-March quarter compared to an average estimate for a 11.75 billion yen loss by eight analysts surveyed by Refinitiv, and a swing from the 36.9 billion yen profit in the same period a year earlier. For the business year that began April 1, the Kyoto-based firm forecast operating profit of 220 billion yen, versus an average 210.87 billion yen forecast by 21 analysts.
Source: Car News Wire (carnewswire.net)
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Japanese fete LGBTQ progress, demand marriage rights as G7 summit loomsTOKYO - Cheering, flag-waving crowds gathered in Tokyo on Sunday for the first full Pride parade in four years, celebrating advances in LGBTQ rights but demanding Japan join other advanced nations in legally recognising same-sex marriage. Change is slow in Japan, which hosts a summit next month of the Group of Seven industrial powers as the only member of the...
Source: asiaonecom - 🏆 10. / 59 Read more »
Shipwreck of Japanese World War II vessel that was carrying over 1,000 POWs foundSYDNEY: Deep-sea explorers said on Saturday (Apr 22) they had located the wreck of a World War II Japanese transport ship, the Montevideo Maru, which was torpedoed off the Philippines, killing nearly 1,000 Australians aboard. The ship - sunk on Jul 1, 1942, by a US submarine whose crew did not realise it c
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Inventing the mythical: A Japanese island where the wild things areIn the pantheon of yokai, spooky beings of Japanese folklore embody anxieties ancient and modern. On Shodoshima, an art contest encourages their creation.
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Nana Suzuki has been single since summer 2021NanaSuzuki surprised many recently by revealing that she has actually been divorced for two years now. READ: 鈴木奈々
Source: YahooSG - 🏆 3. / 71 Read more »
Japan preparing to shoot down North Korea spy satellite if it falls within its territoryTOKYO: Japan on Saturday (Apr 22) ordered its military to prepare to shoot down a North Korean rocket should it fall over Japanese territory, after Pyongyang said this week that it was ready to
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Yoshida hits two homers in one inning to spark Boston MLB winWASHINGTON: Japanese slugger Masataka Yoshida smashed two home runs in the eighth inning, one of them a grand slam, to spark Boston's 12-5 Major League Baseball victory on Sunday (Apr 23) at Milwaukee. The 29-year-old outfielder, who helped Japan win Tokyo Olympic gold and last month's World Baseball Class
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »