Nidec CEO Nagamori says talk of record profits 'not enough'

Motor maker's chief outlines focus on EV-related sales in China and beyond

20230425N Nidec

Nidec Chairman Shigenobu Nagamori returned as the company's CEO in 2022, less than a year after he originally left the post. © Reuters

YUJI OHIRA and KOKI IZUMI, Nikkei staff writers

KYOTO, Japan/OSAKA -- Nidec Chairman and CEO Shigenobu Nagamori on Tuesday stressed his commitment to restoring investor confidence in the company as it anticipates record profits following a tumultuous year.

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