FILE PHOTO: Nidec Corp's logo is pictured at an earnings results news conference in Tokyo, Japan, July 25, 2018. REUTERS/Kim Kyung-Hoon
TOKYO (Reuters) - Nidec Corp, a Japanese maker of electric motors, on Wednesday said third-quarter operating profit dipped as rising material prices and a shortage of semiconductors pushed up costs.
The company posted an operating profit of 44.3 billion yen ($388.90 million) for the three months to Dec. 31, down from 46.4 billion a year earlier. The result fell short of an average 49.9 billion yen profit estimated by five analysts surveyed by Refinitiv.
Already a subscriber? Log in.
Celebrate Merdeka with 50% Off!
T&C applies.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
