Welcome to our dedicated page for Nidec news (Ticker: NJDCY), a resource for investors and traders seeking the latest updates and insights on Nidec stock.
Nidec Corporation (OTC US: NJDCY; Tokyo: 6594) generates frequent disclosures that are highly relevant for investors following manufacturing and optical instrument and lens manufacturing companies. This news page compiles Nidec‑related announcements, focusing on financial reporting, governance developments, and capital structure decisions that shape the company’s risk profile and outlook.
Recent Nidec news has centered on IFRS‑based financial results for quarterly and semi‑annual periods, detailing changes in net sales, operating profit, and segment performance across its Automotive products, Appliance, Commercial and Industrial products, and Machinery businesses. The company has highlighted the impact of provisions for loss on contracts, impairment losses on non‑financial assets, and liabilities arising from settlements with suppliers, which have significantly affected profitability and created differences between preliminary and final performance figures.
Another major theme in Nidec’s news flow is accounting and governance issues. The company has announced investigations by a Third‑Party Committee into suspected improper or inappropriate accounting, and has reported that its auditor, PricewaterhouseCoopers Japan LLC, issued interim review reports containing disclaimers of conclusion on certain condensed quarterly and interim consolidated financial statements. Nidec has also disclosed that the Tokyo Stock Exchange designated its shares as a Security on Special Alert due to concerns about its internal management system.
Additional announcements cover dividend and forecast revisions, including the decision not to pay an interim dividend and to leave certain year‑end dividend and consolidated forecast figures undetermined, as well as financing measures such as a commitment line agreement with major creditor banks. Governance‑related news includes changes in the role of the company’s founder, who moved from Founder and Chairman of the Board to Chairman Emeritus, and the succession of the Chairman of the Board role by the Representative Director, President and Chief Executive Officer.
By reviewing this news feed, readers can track how Nidec communicates about its financial performance, accounting investigations, internal control improvements, funding arrangements, and board‑level changes over time.
Nidec Corporation has signed a joint venture agreement with FREYR BATTERY SA to manufacture eco-friendly semi-solid lithium-ion batteries. This partnership aims to enhance Nidec’s Battery Energy Storage Solutions (BESS) while supporting renewable energy adoption. FREYR will utilize 100% renewable hydroelectric power for battery production, targeting a significant capacity increase by 2030. Nidec holds a 66.7% stake in the joint venture, expected to be established in late 2022. While this agreement enhances Nidec's strategic position in the BESS market, it will not significantly impact financial performance for FY 2023.
Nidec Corporation (TSE: 6594; OTC US: NJDCY) announced its share repurchase status on August 1, 2022. The company repurchased 970,400 shares totaling 8,465,883,100 yen during July 2022, as part of its ongoing plan authorized on April 21, 2022. By July 31, 2022, a total of 5,070,400 shares had been repurchased for 42,820,160,700 yen, out of a maximum of 5,500,000 shares allowable under the plan. This initiative reflects confidence in enhancing shareholder value.
Nidec Corporation (TSE: 6594, OTC US: NJDCY) reported strong financial results for the quarter ended June 30, 2022. Net sales surged by 20.8% year-over-year to reach ¥540.4 billion, achieving a record quarterly high. Operating profit saw a modest increase of 0.2% to ¥44.7 billion. However, profit before income taxes rose significantly by 30.3% to ¥57.0 billion, and profit attributable to owners increased 23.5% to ¥41.3 billion. Earnings per share were reported at ¥71.50, marking a notable growth compared to the previous year.
Nidec Corporation (TSE: 6594; OTC US: NJDCY) announced the completion of a share repurchase program, as authorized by its Board of Directors on April 21, 2022. During June 2022, the company repurchased 1,700,000 shares at a total cost of 14,355,639,400 yen. This buyback is part of a broader plan allowing for the repurchase of up to 5,500,000 shares (approximately 0.95% of total shares), with a maximum expenditure of 50 billion yen through January 2023. To date, Nidec has repurchased a total of 4,100,000 shares for 34,354,277,600 yen.
Nidec Corporation (TSE: 6594; OTC US: NJDCY) announced its commitment to set new climate targets in alignment with the Science Based Targets initiative (SBTi). This goal is part of its strategy to achieve carbon neutrality by FY2040. The company emphasized its responsibility in fostering sustainable practices and will work on making its operations carbon neutral by focusing on energy savings, transitioning to renewable energy, and low carbon fuels. Additionally, Nidec plans to align its corporate reporting with the recommendations of the Task Force on Climate-related Financial Disclosures (TCFD).
Nidec Corporation has reported its completed share repurchase program from May 1 to May 31, 2022. The company repurchased 1,900,000 shares for a total of 15.76 billion yen, part of a broader plan approved in April 2022 to acquire up to 5.5 million shares with a total budget of 50 billion yen. This action underscores Nidec's commitment to enhancing shareholder value and reflects confidence in its ongoing business strategy.
Nidec Corporation (TSE: 6594; OTC US: NJDCY) announced a share repurchase of 500,000 shares totaling 4.24 billion yen under its ongoing buyback plan from April 22 to April 30, 2022. This repurchase aligns with the plan authorized on April 21, 2022, allowing up to 5.5 million shares (0.95% of total issued shares). The total buyback cap is set at 50 billion yen until January 24, 2023, aimed at enhancing shareholder value and optimizing capital structure.
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.
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