Nidec Posts 82 Pct Profit Drop on Automotive Biz Losses
Tomas Kauer - News Writer and Moderator 
Tokyo, Nov. 15 (Jiji Press)--Japanese motor giant Nidec Corp. has said that its consolidated operating profit fell 82.5 pct from a year earlier to 21.1 billion yen for the six months to September, hurt by massive losses at its automotive products business. Net profit dropped 58.6 pct to 31.2 billion yen, according to an announcement made on Friday. Nidec again stopped short of disclosing its...
