Headline: Nidec Reports a 10% Surge in Second Quarter Operating Profit

Japanese electric motor manufacturer Nidec Corporation reported a 10% increase in its operating profit for the second quarter. The profit rose to 60.7 billion yen ($398.79 million) from 55.1 billion yen in the same period last year. The company's performance exceeded the average operating profit forecast of 56.5 billion yen predicted by eight analysts in a survey conducted by the London Stock Exchange Group. Looking ahead, Nidec forecasts its full-year operating profit to be 240 billion yen, slightly below the average estimate of 244.7 billion yen from a survey of 20 analysts. The current exchange rate of the yen against the dollar is 152.2100.