Main Business / Finance News Today
Piedmont Lithium receives extension as it pursues North Carolina permit for...
$47 million apartment project near UC gets Port aid
Bronzeville Center for the Arts unveils project team with minority-owned...
S&P Dow Jones Indices Announces Changes to the S&P/TSX Canadian Dividend...
Bank of America employees to share in restricted stock award
Global Ammonia and Hydrogen Storage Industry Report 2022: Safe Handling and...
2023-01-25 01:58:48

Nidec shares slide 7% after profit forecast cut

Logo Channel NewsAsia
Channel NewsAsia
By Cna

Best News Website or Mobile Service

WAN-IFRA Digital Media Awards Worldwide

Best News Website or Mobile Service

Digital Media Awards Worldwide

TOKYO : Shares in Japan's Nidec Corp slumped as much as 7 per cent on Wednesday morning in Tokyo after the electric motor maker nearly halved its full-year profit forecast on a slow recovery of the car industry and due to expenses from a restructuring push.

After markets closed on Tuesday, the company announced a 48 per cent cut to its operating profit forecast for the financial year through March to 110 billion yen ($843 million), well below analysts expectations.

Continue read on channelnewsasia.com

Related Posts
Logo Channel NewsAsia
Business / FinanceBy Cna2023-01-24 07:14:57
Japan's Nidec slashes full-year operating profit forecast on weak demand
Best News Website or Mobile Service WAN-IFRA Digital Media Awards Worldwide Best News Website or Mobile Service Digital Media Awards Worldwide TOKYO :...
Logo Nasdaq
Business / FinanceBy Rtt News2023-01-24 06:44:40
Nidec Q3 Profit Down; Cuts FY Earnings View, Lifts Sales Forecast; Stock Up
(RTTNews) - Japanese electric motors maker Nidec Corp. (NJDCY, NNDNF) reported Tuesday that its third-quarter profit declined, despite higher net sales....
Logo Benzinga
Business / FinanceBy Business Wire2023-01-24 06:15:00
Nidec Revises Consolidated Financial Forecasts for the Year Ending March 31, 2023
Nidec Corporation 6594NJDCY (the "Company") today announced a revision to its IFRS-based consolidated full-year financial forecasts for the year ending March...
Logo Benzinga
Business / FinanceBy Business Wire2023-01-24 06:15:00
Nidec Board Authorizes Share Repurchase Plan
(Repurchases of Shares Pursuant to Item 1 of Article 459 (1) of the Companies Act of Japan) Nidec Corporation 6594NJDCY (the "Company") announces today that...
Logo Benzinga
Business / FinanceBy Business Wire2023-01-24 06:15:00
Nidec Announces Financial Results for Fiscal Third Quarter and Nine Months Ended December 31, 2022
Nidec Corporation 6594 NJDCY today announced its consolidated financial results under the International Financial Reporting Standards ("IFRS") for the period...
Logo Channel NewsAsia
Business / FinanceBy Cna2023-01-24 02:34:42
Indian shares erase gains as financials offset IT, auto
Best News Website or Mobile Service WAN-IFRA Digital Media Awards Worldwide Best News Website or Mobile Service Digital Media Awards Worldwide BENGALURU...
Logo Channel NewsAsia
Business / FinanceBy Cna2023-01-24 02:34:42
Indian shares pare gains as investors book profits in financials
Best News Website or Mobile Service WAN-IFRA Digital Media Awards Worldwide Best News Website or Mobile Service Digital Media Awards Worldwide BENGALURU...
Logo Benzinga
Business / FinanceBy Business Wire2023-01-24 04:00:00
Nidec Files a Civil Action and a Complaint against Diamond, Inc.
Nidec Corporation 6594 NJDCY ("Nidec" or the "Company") announced today that it has instituted an action against Diamond, Inc. and concerned individuals,...
Logo Nasdaq
Business / FinanceBy Fintel2023-01-23 23:42:46
BlackRock Inc. Cuts Stake in NiSource Inc. (NI)
Fintel reports that BlackRock Inc. has filed a 13G/A form with the SEC disclosing ownership of 45,669,748 shares of NiSource Inc. ( NI ). This represents...
Logo Nasdaq
Business / FinanceBy Fintel2023-01-25 00:11:46
BlackRock Inc. Cuts Stake in Juniper Networks, Inc. (JNPR)
Fintel reports that BlackRock Inc. has filed a 13G/A form with the SEC disclosing ownership of 31,648,536 shares of Juniper Networks, Inc. ( JNPR ). This...
Logo GlobeNewswire
Business / FinancePress Release2023-01-24 21:10:00
National Bank Holdings Corporation AnnouncesFourth Quarter and Full Year 2022 Financial Results
DENVER, Jan. 24, 2023 (GLOBE NEWSWIRE) -- National Bank Holdings Corporation (NYSE: NBHC) reported: For the quarter For the quarter - adjusted (1) For the...
Logo RTTNews
EconomyBy Rtt News Staff Writer2023-01-24 10:29:36
Sensex, Nifty End Little Changed Ahead Of F&O Expiry
Indian shares fluctuated before ending on a flat note Tuesday, as profit booking ahead of the derivative expiry and the Republic Day holiday on Thursday...
Logo GlobeNewswire
Business / FinancePress Release2023-01-24 20:17:00
Canadian Banc Corp. Announces Overnight Offering
TORONTO, Jan. 24, 2023 (GLOBE NEWSWIRE) -- Canadian Banc Corp. (the Company) is pleased to announce it will undertake an offering of Preferred Shares and...
Logo Benzinga
Business / FinanceBy Benzinga Insights2023-01-24 17:01:01
Preview: Nasdaq's Earnings
Nasdaq NDAQ is set to give its latest quarterly earnings report on Wednesday, 2023-01-25. Here's what investors need to know before the announcement....
Logo Nasdaq
Business / FinanceBy Fintel2023-01-25 00:11:43
BlackRock Inc. Cuts Stake in Steel Dynamics, Inc. (STLD)
Fintel reports that BlackRock Inc. has filed a 13G/A form with the SEC disclosing ownership of 17,084,445 shares of Steel Dynamics, Inc. ( STLD ). This...
Logo Nasdaq
Business / FinanceBy Fintel2023-01-24 19:00:09
BlackRock Inc. Ups Stake in National Fuel Gas Co. (NFG)
Fintel reports that BlackRock Inc. has filed a 13G form with the SEC disclosing ownership of 8,540,231 shares of National Fuel Gas Co. ( NFG ). This...
Logo RTTNews
EconomyBy Rtt News Staff Writer2023-01-24 02:52:09
Sensex, Nifty Seen Up As Wall Street Extends Rally
Indian shares are likely to open higher Tuesday on the back of firm global cues and Axis Bank's upbeat earnings results for the December quarter. The private...
Logo Nasdaq
Business / FinanceBy Mt Newswires2023-01-24 18:41:41
Health Care Sector Update for 01/24/2023: JNJ, TGTX, AXLA
Health care stocks were mostly lower Tuesday afternoon, with the NYSE Health Care Index sinking 1.1% while the Health Care Select Sector SPDR Fund (XLV) was...
Logo Nasdaq
Business / FinanceBy Bnk Invest2023-01-24 19:03:21
EverCommerce Breaks Above 200-Day Moving Average - Bullish for EVCM
In trading on Tuesday, shares of EverCommerce Inc (Symbol: EVCM) crossed above their 200 day moving average of $9.77, changing hands as high as $10.05 per...
Logo Benzinga
Business / FinanceBy Business Wire2023-01-24 23:45:00
Silgan Announces Strong Growth in 2022; Anticipates Increased Revenue, Segment Income and Free Cash Flow
Highlights Earnings per diluted share (EPS) of $3.07 for 2022 and $0.22 for the fourth quarter of 2022 Record adjusted EPS of $3.98 for 2022, a 17% increase...