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Japan’s Nidec posts 10% rise in Q2 operating profit -Breaking

by Mike Robinson

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© Reuters. FILE PHOTO – The logo of Nidec Corp is shown at an earnings news conference held in Tokyo, Japan on July 25, 2018. REUTERS/Kim Kyung-Hoon

TOKYO (Reuters), Precision electric motor manufacturer Nidec Corp reported Tuesday a 10% increase in operating profits to 45.6 trillion yen for the second quarter, compared with a profit last year of 41.4 miliarde yen.

Refinitiv surveyed 5 analysts to determine if the 3 months ended Sept 30 had a worse result than the 46.8 billion Japanese yen average profit.

From 180 billion yen, the company increased its operating profit for full-year to 190 billion. Based on 20 analyst estimates, this prediction was lower than the 192.2 billion yen average.

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