TOKYO — Japanese motor maker Nidec on Thursday projected a 19% increase in net profit for the fiscal year through next March, aiming to ride out disruptions caused by U.S. President Donald Trump with cost-cutting and other measures.
For fiscal 2025, the Kyoto-based company predicts a net profit of 200 billion yen ($1.4 billion) versus 167 billion yen for the year ended last month. Sales, however, are projected to stay flat at 2.6 trillion yen.
