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Nidec shares slide after surprise profit warning

Investors unnerved by restructuring charges; CEO vows V-shaped recovery

For the January-March quarter, Nidec expects an operating loss of 14.4 billion yen ($110 million) after taking 50 billion yen in restructuring charges. (Photo by Kosaku Mimura)

TOKYO -- Nidec shares fell on Wednesday after the world's largest motor maker warned of an operating loss for the January-March quarter, sending investors scrambling to review the outlook for the company, once hailed as a disrupter in the auto industry.

Nidec shares slipped about 6% on the Tokyo Stock Exchange. The drop came after the shares lost almost 50% in value last year following departures of top executives and growing concerns about succession plans for 78-year-old Shigenobu Nagamori, the company's influential founder and CEO.

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