Nidec Corp. Posts Quarterly Net Loss Due to EV-Motor Business Restructuring

Nidec Corporation specializes in the development, manufacturing and marketing of small precision motors and automotive and appliance components. Net sales break down by family of products as follows: - appliances, air-conditioning and industrial equipment motors (40.5%); - small precision motors (21.9%): pin motors for hard drives, fan motors, vibrating motors, brush motors and motor applications, etc. ; - automotive components (21.3%); - machines (12.1%): industrial robots, card readers, test systems, presses and power transmission drives, etc. ; - electronic and optical components (3.9%): switches, trimmer potentiometers, lens units and camera shutters, etc. ; - other (0.3%). The net sales are distributed geographically as follows: Japan (17.8%), China (26.7%), the United States (21.6%), Germany (6.1%), Italy (5.5%), Thailand (5.2%) and other (17.1%).