KYOTO -- Nidec's operating profit rose 15% on the year in the October-December quarter, the Japanese motor maker said Thursday, marking the first gain in five quarters thanks to growing sales of high value-added products such as energy-saving motors to China.
Because of increased investment to start production of electric-vehicle motors, however, the Kyoto-based company downgraded its earnings forecast for the year ending this March.
ref.jpg?width=178&fit=cover&gravity=faces&dpr=2&quality=medium&source=nar-cms&format=auto&height=100)
