{"id":10404,"date":"2023-04-24T09:10:04","date_gmt":"2023-04-24T07:10:04","guid":{"rendered":"https:\/\/investmentbell.com\/?p=10404"},"modified":"2023-04-24T09:10:11","modified_gmt":"2023-04-24T07:10:11","slug":"japans-nidec-posts-first-daily-loss-in-10-times","status":"publish","type":"post","link":"https:\/\/investmentbell.com\/id\/news\/market-overview-news\/japans-nidec-posts-first-daily-loss-in-10-times\/","title":{"rendered":"Japan&#8217;s Nidec posts\u00a0first\u00a0daily\u00a0loss\u00a0in 10\u00a0times"},"content":{"rendered":"<p>TOKYO( Reuters)- Japanese electric motor maker Nidec Corp on Monday posted its first daily operating loss in a decade, of24.3 billion yearning($181.01 million), hit by hefty restructuring costs and difficulty in earning semiconductors and other factors.<\/p>\n\n\n\n<p>The result for the January- March fourth quarter compared to an average estimate for a11.75 billion yearning loss in a check of eight judges by Refinitiv. It also compared to a36.9 billion yearning profit in the same period a time before.<\/p>\n\n\n\n<p>&#8221; The business terrain girding Nidec continues to be severe,&#8221; the company said in a statement. It advised of a detention in the recovery of global machine product, among other headwinds.<\/p>\n\n\n\n<p>It was also squeezed by a decline in unit growth rate in the electric vehicle( EV) request in China and a peaking out of capital investment- related demand, it said.<\/p>\n\n\n\n<p>Nidec has made a big bet on growth in the EV request, investing heavily in product and development of thee-axle traction motor, which combines an electric vehicle&#8217;s gear, motor and power- control electronics.<\/p>\n\n\n\n<p>In the rearmost quarter it took a hefty megahit related to restructuring as it looks to sprucely reduce fixed costs.<\/p>\n\n\n\n<p>For the business time that began April 1, the Kyoto- grounded establishment cast operating profit of 220 billion yearning, versus an average210.87 billion yearning read by 21 judges.<\/p>\n\n\n\n<p>$ 1 = 134.2500 yearning)<\/p>\n<div class=\"rate-now\"><span id=\"rate-mypost10404\"><\/span> <span id=\"rate-points\"> 0<\/span><\/div>\n\t\t\t<script type=\"text\/javascript\">jQuery('#rate-mypost10404').raty({\n\t\t\t\thalfShow : true,\n\t\t\t\thalf: true,readOnly: true,score: 0,\n\t\t\t\tpath: \"https:\/\/investmentbell.com\/wp-content\/plugins\/userpro-rating\/images\/\"\n\t\t\t\t});<\/script>","protected":false},"excerpt":{"rendered":"<p>TOKYO( Reuters)- Japanese electric motor maker Nidec Corp on Monday posted its first daily operating loss in a decade, of24.3 billion yearning($181.01 million), hit by hefty restructuring costs and difficulty in earning semiconductors and other factors. The result for the January- March fourth quarter compared to an average estimate for a11.75 billion yearning loss in [&hellip;]<\/p>","protected":false},"author":13,"featured_media":10405,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[89],"tags":[],"class_list":{"0":"post-10404","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-market-overview-news"},"_links":{"self":[{"href":"https:\/\/investmentbell.com\/id\/wp-json\/wp\/v2\/posts\/10404","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/investmentbell.com\/id\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/investmentbell.com\/id\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/investmentbell.com\/id\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/investmentbell.com\/id\/wp-json\/wp\/v2\/comments?post=10404"}],"version-history":[{"count":0,"href":"https:\/\/investmentbell.com\/id\/wp-json\/wp\/v2\/posts\/10404\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/investmentbell.com\/id\/wp-json\/wp\/v2\/media\/10405"}],"wp:attachment":[{"href":"https:\/\/investmentbell.com\/id\/wp-json\/wp\/v2\/media?parent=10404"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/investmentbell.com\/id\/wp-json\/wp\/v2\/categories?post=10404"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/investmentbell.com\/id\/wp-json\/wp\/v2\/tags?post=10404"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}