Nidec CEO Nagamori says talk of record profits ‘not enough’

KYOTO, Japan/OSAKA — Nidec Chairman and CEO Shigenobu Nagamori on Tuesday stressed his commitment to restoring investor confidence in the company as it anticipates record profits following a tumultuous year.

“Right now, talk alone is not enough to convince investors to have faith in us,” Nagamori told reporters at an earnings briefing in Tokyo, citing the need to produce swift results.

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