Nidec's FY 2013/14 net profit jumps sevenfold on strong auto component sales
Sales up 23.4% y/y
Japanese electric motor manufacturer Nidec Corporation said on 22 April that its group net profit jumped 7.1 times during fiscal year (FY) 2013/14 from a year earlier to a record JPY56.4 billion (USD550 million), reports Kyodo News.
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