Nidec Corp Stock Price, News & Analysis

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 has announced a delay in submitting its 52nd Annual Securities Report, originally scheduled for June 18, 2025. The postponement stems from ongoing investigations into potential irregularities at its Italian subsidiary, NIDEC FIR INTERNATIONAL S.R.L. The company discovered possible erroneous declarations of country of origin for certain motors, which may have resulted in unpaid import tariffs. A third-party expert in international trade and customs law is conducting investigations. The delay is specifically due to the need for additional audit procedures by the accounting auditor, as the company continues to examine the impact on its consolidated financial statements and internal controls. NIDEC FIR, which generated sales of 13,873 million yen in fiscal 2024, manufactures motors and actuators for industrial, commercial, and appliance applications.

Nidec Corporation (NJDCY) has announced an update on its share repurchase program authorized by its Board of Directors on May 27, 2025. The company reported no shares were repurchased during the initial period from May 28 to May 31, 2025. The approved buyback plan allows for the repurchase of up to 13 million common shares, representing 1.13% of total shares outstanding (excluding treasury stock), with a maximum repurchase amount of 35 billion yen. The share repurchase program will continue through May 27, 2026.

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 Corporation (NJDCY) has announced the withdrawal of its tender offer to acquire shares of Makino Milling Machine Co., Ltd. The tender offer, which began on April 4, 2025, was part of Nidec's strategy to make Makino a wholly-owned subsidiary. The decision to withdraw was made during a Board of Directors meeting on May 9, 2025, citing concerns that an allotment of share options without contribution could potentially damage the company and make the tender offer economically unreasonable. The tender offer was originally scheduled to run until May 21, 2025. The return of tendered share certificates will commence on May 9, 2025, through tender offer agents Mita Securities Co., Ltd. and Monex, Inc.

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.