Nidec reports 2021–22 turnover at USD14.97 billion, up 18.5% y/y
Nidec views rising raw material prices, accelerating supply chain disruptions due to increased geopolitical risks, lockdowns due to the spread of COVID-19 in China among key risk factors
Japanese manufacturer of electric motors, Nidec Corporation has reported net sales of JPY1.91 trillion (USD14.97 billion) for the year ending 31 March 2022, recording a growth of 18.5% y/y, the company said on 21 April 2022.
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