Nidec revised upward its consolidated earnings forecast for the fiscal year ending March 2014. The expansion of its growth businesses centered on automotive motors is believed to have contributed.
Nidec’s forecast for the current fiscal year has been revised upward. The company identifies automotive motors as a growth driver and says expansion in home appliance, commercial and industrial motors is expected to contribute.
There is a view that the impact of measures implemented in the previous fiscal year will continue, but the article does not provide specific figures or details on the timing.