Japan's Nidec posts rise of 2.3% in first-quarter operating profit
Nidec Corp's logo is pictured at an earnings results news conference in Tokyo, Japan, July 25, 2018. REUTERS/Kim Kyung-Hoon
TOKYO :Japanese electric motor maker Nidec reported on Thursday 61.45 billion yen ($420.60 million) in preliminary first-quarter operating profit, up 2.3 per cent from the year-earlier period.
The result for the quarter ended June compared with an estimate of 60.18 billion yen in average profit from a survey of six analysts by LSEG.
The Kyoto-based firm stuck with its full-year operating profit forecast of 260 billion yen.
($1=146.2200 yen)
Source: Reuters
