Japan's Nidec raises full-year profit outlook on strong demand

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TOKYO :Japan's Nidec Corp increased its full-year earnings outlook by 6per cent on Tuesday, as the precision electric motor maker benefited from increased demand from home appliance makers, auto companies and others. The company expects full year operating profit of 190 billion yen compared with an earlier fo

TOKYO :Japan's Nidec Corp increased its full-year earnings outlook by 6per cent on Tuesday, as the precision electric motor maker benefited from increased demand from home appliance makers, auto companies and others.

The Japanese company, which is known for building motors for computer hard drives and smartphones, is looking to tap growing demand for electric vehicles with energy-saving electric car motors known as e-axles.

 

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