Japan's Nidec logs record Q2 earnings amid management turmoil

Kyoto-based motor maker pushes EV strategy, denies insider trading allegations

20221024 Nidec Nagamori

Nidec Chairman and CEO Shigenobu Nagamori speaks during an online press conference on Oct. 24. (Screenshot from Nidec's website) 

MITSURU OBE, Nikkei Asia chief business news correspondent

TOKYO -- Japan's Nidec on Monday reported record quarterly earnings for July-September in a dose of welcome good news for the world's largest motor maker following three quarters of weak performance and the high-profile departure of a top executive.

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