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 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%).
Nidec Corporation announced on October 3, 2021, that it has satisfied the listing criteria for the Tokyo Stock Exchange's (TSE) new Prime Market segment. The Company received an initial assessment confirming its compliance on July 9, 2021. Subsequently, the board resolved to apply for the Prime Market listing as the TSE transitions to stricter criteria. Nidec will adhere to the TSE application schedule moving forward.
Nidec Corporation (TSE: 6594; OTC US: NJDCY) reported no share repurchases for September 2021, despite a previously authorized buyback plan of up to 4 million shares, totaling 50 billion yen, set to last until January 2022. As of September 30, 2021, the company has repurchased 404,800 shares for approximately 4.82 billion yen since the buyback program's initiation on January 26, 2021. The lack of repurchases this past month may indicate strategic financial management while still engaging in share buybacks throughout the program.
Nidec Corporation (TSE: 6594; OTC US: NJDCY) announced its share repurchase status on September 1, 2021. The company reported that from August 1 to August 31, 2021, it repurchased 0 shares for a total amount of 0 yen, under a buyback program initiated on January 25, 2021. Since the start of the program, a total of 404,800 shares have been repurchased for approximately 4.82 billion yen. The buyback program allows for the repurchase of up to 4 million shares until January 25, 2022.