Nidec Corp Stock Price, News & Analysis

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.

Nidec Corporation, listed on TSE as 6594 and OTC US as NJDCY, reported no share repurchases during December 2021. The company had a buyback plan initiated on January 25, 2021, allowing for the repurchase of up to 4 million shares, totaling 50 billion yen. As of December 31, 2021, the company repurchased 1,209,800 shares for approximately 14.24 billion yen. The buyback is part of a strategy to enhance shareholder value, although it remains to be seen how future repurchase plans will continue.

Nidec Corporation (TSE: 6594; OTC US: NJDCY) announced its share buyback results for November 2021, revealing that no shares were repurchased during the period. The company had resolved to repurchase up to 4 million shares for a total of 50 billion yen from January 2021 to January 2022. To date, 1,209,800 shares have been repurchased at a cost of approximately 14.24 billion yen. This buyback initiative is part of the ongoing commitment to enhance shareholder value.

Nidec Corporation (OTC US: NJDCY) announced on November 18, 2021, that its Board of Directors approved a resolution to purchase shares of OKK Corporation through a third-party allocation. The acquisition involves purchasing 15,853,444 shares at JPY 345.60 each, totaling approximately JPY 5.48 billion. This deal aims to enhance synergies in the machine tool sector, allowing Nidec to expand its product offerings and market reach. The payment period is set from January 26 to June 30, 2022, with no significant impact anticipated on Nidec's financial performance for the current and next fiscal years.

Nidec Corporation (TSE: 6594; OTC US: NJDCY) reported on November 1, 2021, the status of its share repurchase plan initiated on January 25, 2021. The repurchase period ran from October 1 to October 31, 2021, where 805,000 shares were repurchased at a total cost of 9.41 billion yen. This contributes to the ongoing effort to enhance shareholder value as part of a broader plan allowing for repurchases of up to 4 million shares for a total of 50 billion yen by January 25, 2022.

Nidec Corporation (OTC US: NJDCY) reported record net sales of ¥910.7 billion for the first half of FY2021, an increase of 21.1% year-over-year. Operating profit rose by 30.4% to ¥90.2 billion, with a profit attributable to owners up 38.6% to ¥67.6 billion. The company improved its operating profit ratio for its Appliance, Commercial, and Industrial Products to 10.7%. Additionally, Nidec revised its full-year financial forecasts upward, with EPS reaching ¥115.49.

Nidec Corporation (TSE: 6594; OTC US: NJDCY) has released its financial results for the six months ending September 30, 2021, showing significant growth compared to its previous forecast. Net sales reached ¥910,668 million, exceeding the anticipated ¥800,000 million by ¥110,668 million (13.8%). Operating profit also surpassed forecasts at ¥90,196 million, up from ¥80,000 million. The company has revised its fiscal year forecast, projecting net sales of ¥1,800,000 million and operating profit of ¥190,000 million for the year ending March 31, 2022, reflecting an increase of ¥100,000 million (5.9%).