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 reports governance, financial reporting and shareholder-related developments for its operating company and U.S. OTC ADR ticker, NJDCY. Recent company updates have centered on an improvement plan and status reports submitted to the Tokyo Stock Exchange, third-party and internal investigations into improper accounting, and corrective measures for the company’s internal management system.
News also addresses postponed financial-result disclosures, corrections to prior financial statements, board and nomination committee processes, shareholder requests involving director liability and related remedies, dividend determinations, and culture-transformation initiatives within the Nidec Group.
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.
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.
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 (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.