Japanese electric motor maker Nidec raises full-year operating profit forecast by 4.3% to 240 billion yen, driven by hard drive motor demand recovery, profitability enhancements, and weaker yen.
Japanese electric motor maker Nidec increases its full-year operating profit forecast by 4.3% to 240 billion yen ($1.53bn) for financial year ending March 2025, driven by demand recovery for hard drive motors, profitability enhancements, and a weaker yen. The company also anticipates rapid demand expansion for data center power generators and expects hard drive disk motor demand to recover, while expanding water-cooling modules for AI.
July 23, 2024
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