Nidec Corporation reports quarterly sales of USD4.3 billion, up 7.2% q/q
Nidec Corp. is targeting net sales of USD34.76 billion by FY2025
Continuing to grow for the third consecutive quarter in FY2021-22, Japanese automotive supplier Nidec Corporation reported its net sales for the December 2021 quarter at JPY496.5 billion (USD4.31 billion), up 7.2% quarter-on-quarter, the company said on 26 January 2022. Nidec’s Q3 2020 net sales stood at JPY433.19 billion (USD3.76 billion), the company’s financial statements show.
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