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Nidec Corporation (NJDCY) delivers advanced motor solutions across automotive, industrial, and technology sectors worldwide. This news hub provides investors and industry professionals with essential updates on corporate developments, strategic partnerships, and technological innovations.
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Key updates include R&D breakthroughs, global expansion initiatives, and collaborations enhancing motor system integration. Stay informed about developments in industrial automation solutions and energy-efficient motor designs through primary source materials.
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Nidec Corporation (OTC US: NJDCY) has completed the acquisition of Changzhou Xecom Energy Technologies Co., Ltd., a Chinese scroll compressor manufacturer, through its subsidiary Nidec Appliance Controls. The acquired company has been renamed to Nidec Scroll Technology (Changzhou) Co., Ltd.
Xecom, founded in 2021, specializes in designing and producing high-performance scroll compressors for air conditioning, heat pump, and refrigeration applications. The company generated sales of 123 million RMB (approximately $17 million USD) in 2024 and employs about 75 people.
This strategic acquisition aligns with Nidec's growth strategy in appliance, commercial, and industrial motors businesses, following previous acquisitions of Sole Motors (2010) and Embraco (2019). The transaction is not expected to significantly impact Nidec's consolidated financial performance for the fiscal year ending March 31, 2026.
Nidec Corporation (OTC:NJDCY) has received approval to extend the deadline for submitting its securities report for the 52nd fiscal year ended March 31, 2025. The original deadline of June 30, 2025 has been extended to September 26, 2025. The company plans to complete the submission following audits by the accounting auditor within the new deadline.
Nidec Corporation (OTC:NJDCY) has announced it will seek approval to extend the deadline for submitting its 52nd fiscal year securities report from June 30, 2025, to September 26, 2025. This extension is necessitated by ongoing investigations into customs violations at its Italian subsidiary, NIDEC FIR INTERNATIONAL S.R.L.
The investigation revealed that between April 2018 and September 2023, FIR incorrectly declared Italy as the country of origin for oven motors shipped to the US, despite using Chinese-made parts, thereby avoiding required tariffs. An external investigation discovered similar issues with other FIR motors. The company has halted US shipments unless declared as Chinese-origin and requires additional internal investigations to assess the full impact on consolidated financial statements and internal controls.
Nidec Corporation (NJDCY) announced that its consolidated financial statements audit is experiencing delays due to extended auditing processes at overseas subsidiaries. The company has not yet received the accounting auditor's report, which is being prepared for the 52nd Annual General Meeting of Shareholders scheduled for June 20, 2025.
While materials for the shareholders' meeting have been distributed, including anticipated audit reports, the company notes that these are subject to modification pending the receipt of the final accounting auditor's report. Nidec will post any corrections to the consolidated financial statements on their website once the accounting audit is completed.
Nidec Corporation (NJDCY) has announced its annual dividend distribution from retained earnings. The company will pay a year-end dividend of 20 yen per share with a record date of March 31, 2025, and an effective payment date of June 2, 2025. The total dividend amount is 22,960 million yen.
Combined with the interim dividend of 20 yen, the total annual dividend for FY2025 will be 40 yen per share. This follows the company's two-for-one stock split implemented on October 1, 2024. Nidec's shareholder return policy aims for a total payout ratio of 50%, including share repurchases, while maintaining stable dividends.
Nidec Corporation (NJDCY) has announced a significant share repurchase program authorized by its Board of Directors on May 27, 2025. The company plans to repurchase up to 13 million shares, representing approximately 1.13% of total outstanding shares, with a maximum repurchase amount of 35 billion yen. The repurchase period will run from May 28, 2025 through May 27, 2026.
The buyback aims to provide flexible implementation while considering factors such as medium to long-term growth investments, current cash position, and stock price levels, targeting a total return ratio of 50%. As of April 30, 2025, Nidec had 1,146,307,799 shares outstanding (excluding treasury stock) and held 46,261,137 shares in treasury.
Nidec (NJDCY) has reported record-breaking financial results for the fiscal year ended March 31, 2025. The company achieved all-time highs across key metrics, with consolidated net sales reaching ¥2,607,094 million, an 11.1% increase from the previous year.
Operating profit surged by 48.4% to ¥240,200 million, while profit attributable to owners of the parent grew 34.7% to ¥167,688 million. The operating profit ratio improved from 6.9% to 9.2%. Fourth-quarter performance was particularly strong, with record-high quarterly net sales of ¥661,130 million and operating profit of ¥65,447 million, compared to a loss in the same period last year.
Basic earnings per share increased to ¥145.95 from ¥108.30 in the previous year, reflecting the company's strong financial performance.