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Nidec Cuts Net Profit Estimate by 60 Pct

Nidec Cuts Net Profit Estimate by 60 Pct

   Kyoto, Jan. 25 (Jiji Press)--Major Japanese motor maker Nidec Corp. <6594> has revised down its consolidated net profit forecast for the business year through March by about 60 pct to 60 billion yen.
   The company, based in the western city of Kyoto, also cut its operating profit estimate, by some 50 pct to 110 billion yen.

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AFP-JIJI PRESS NEWS JOURNAL


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