Nidec Corp Stock Price, News & Analysis

Nidec Corporation has announced a share repurchase plan, approved by its Board of Directors on April 21, 2022. The plan allows for the repurchase of up to 5.5 million shares, equating to 0.95% of the total shares issued. The repurchase is valued at 50 billion yen and will be executed from April 22, 2022 to January 24, 2023. This initiative aims to enhance capital management amid a fluctuating business environment.

Nidec Corporation (OTC US: NJDCY) reported strong financial results for the fiscal year ended March 31, 2022, achieving net sales of ¥1,918.2 billion, a remarkable 18.5% increase compared to last year. Operating profit rose by 7.2% to ¥171.5 billion, while profit before income taxes reached ¥171.1 billion, up 11.9%. Profit attributable to owners of the parent also hit a record high at ¥136.9 billion, marking a 12.2% year-over-year increase. The earnings per share were reported at ¥234.30 for both basic and diluted measures, reflecting a solid performance across key metrics.

Nidec Corporation (TSE: 6594; OTC US: NJDCY) has successfully completed a share repurchase plan, having repurchased 3,100,000 common shares from February 1 to February 16, 2022, totaling 31.41 billion yen. This move is part of a broader plan authorized on January 26, 2022, which allows for the repurchase of up to 4,000,000 shares over a year, with a total budget of 50 billion yen. The repurchase aims to enhance shareholder value and reflects the company’s strong financial position.

Nidec Corporation (TSE: 6594; OTC US: NJDCY) announced an ongoing share repurchase plan on February 1, 2022. The company repurchased 900,000 shares of common stock from January 27 to January 31, 2022, totaling 8,844,940,800 yen. This is part of a larger plan approved on January 26, 2022, allowing for up to 4,000,000 shares to be repurchased, with a total budget of 50 billion yen over a period extending to January 24, 2023. The repurchase aims to enhance shareholder value and reflects confidence in the company's future.

Nidec Corporation (TSE: 6594; OTC US: NJDCY) announced the completion of its acquisition of OKK Corporation's shares through a third-party allocation, paying a total of JPY 5,478,950,247 on February 1, 2022. This purchase involved acquiring 15,853,444 common shares at JPY 345.60 each. Despite the acquisition, Nidec expects no significant impact on its consolidated financial performance for the fiscal years ending March 31, 2022, and March 31, 2023. The company will disclose further information if necessary, in line with Tokyo Stock Exchange regulations.

On January 26, 2022, Nidec Corporation (TSE: 6594; OTC US: NJDCY) announced an upward revision of its year-end dividend projection for the fiscal year ending March 31, 2022. The revised annual dividend is now set at 65.00 yen per share, up from the previous projection of 60.00 yen. This reflects Nidec's commitment to shareholder-oriented management and aims for a dividend payout ratio of approximately 30% of consolidated net profit. The revised dividend for the fourth quarter is projected at 35.00 yen per share.

Nidec Corporation (TSE: 6594; OTC US: NJDCY) announced a new share repurchase plan on January 26, 2022. The company authorized the repurchase of up to 4 million shares, representing 0.68% of total shares issued, with a maximum repurchase amount of 50 billion yen. This initiative aims to enhance capital management in response to changing business conditions. The repurchase period extends from January 27, 2022 to January 24, 2023.

Nidec Corporation (OTC US: NJDCY) reported robust financial results for the nine months ending December 31, 2021. Net sales reached a record high of ¥1,407.2 billion, up 18.8% year-over-year. Operating profit increased 16.6% to ¥134.6 billion, while profit before income taxes rose 19.4% to ¥130.6 billion. The quarterly net sales for Q3 also set a record at ¥496.5 billion, marking a 7.2% quarter-over-quarter growth. Additionally, Nidec revised its year-end dividend forecast upward to ¥65 per share, with earnings per share recorded at ¥171.67.

Nidec Corporation has concluded its share repurchase program authorized on January 25, 2021, with a total repurchase of 1,479,800 shares for 17.2 billion yen by January 25, 2022. The last repurchase period lasted from January 1 to January 25, 2022, during which 270,000 shares were acquired for 2.98 billion yen. While the total buyback amount fell short of the 50 billion yen limit set forth in the initial plan, the company aimed to optimize its capital strategy against market conditions. This buyback reflects the company's commitment to enhancing shareholder value.