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Nidec faces reality check after fiscal 2021 earnings miss

Investors pause to consider Japan company's China foray and leadership change

Nidec's projection of an operating profit of 180 billion yen for the current fiscal year, up 13%, came up short of the consensus estimate of 200 billion yen. (Photo by Takaki Kashiwabara)

TOKYO -- The plight of Nidec stock shows what happens when a company fails to meet investors' lofty expectations.

Shares of the world's largest motor maker have been severely punished after earnings estimates for the current business year failed to meet investor expectations. The stock closed down 2% on Monday after falling 5% on Friday. The announcement came Thursday.

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