Exceeding expectations – Nidec readjusts its financial forecast for 2017

24
Oct

The Japan-based Group, led by Shigenobu Nagamori, announced the revision of its consolidated financial forecast and dividend projections for the fiscal year ending March 31, 2017.

Nidec, which continues pursuing its growth momentum through strategic M&As (in August, the company sealed the deal with Emerson Electric for the acquisition of Leroy-Somer), took this decision in light of the profit increase reached during this year, that exceeded the expectations.

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Nidec’s founder, CEO and Chairman, Shigenobu Nagamori

 

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