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 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.
Nidec Corporation (TSE: 6594; OTC US: NJDCY) has completed the acquisition of Mitsubishi Heavy Industries Machine Tool Co., Ltd., enhancing its machine tool business. This deal includes three overseas subsidiaries and is expected to create synergies in manufacturing and sales. Although the acquisition is anticipated to have no significant impact on the financial performance for the fiscal year ending March 31, 2022, Nidec aims to leverage both companies' strengths to expand in the global machine tools market. Further stock purchases in India and China are expected by August 2021.
Nidec Corporation (TSE: 6594; OTC US: NJDCY) announced its share repurchase status on August 2, 2021. The repurchase period ran from July 1 to July 31, 2021, during which no shares were repurchased, totaling 0 yen. Previously, on January 25, 2021, the Board resolved to allow repurchases of up to 4 million shares or 50 billion yen, starting from January 26, 2021, to January 25, 2022. As of July 31, 2021, Nidec repurchased 404,800 shares for approximately 4.82 billion yen.
Nidec Corporation (NJDCY) announced plans to establish a joint venture (JV) with Hon Hai Technology Group and Foxtron Vehicle Technologies. This JV aims to ensure a stable supply of traction motors and expand market opportunities for Nidec. Following a memorandum of understanding signed in March 2021, feasibility studies and contract negotiations will continue, targeting a JV agreement by the end of December 2021. The JV, based in Taiwan, will focus on developing and producing traction motor systems, supporting Nidec's goal of producing 10 million units by 2030.
Nidec Corporation reported strong consolidated results for the three months ending June 30, 2021, with net sales reaching a record ¥447.5 billion, up 32.8% year-over-year. Operating profit surged 60.3% to ¥44.6 billion, resulting in a 10.0% operating profit ratio. Profit attributable to owners rose 66.8% to ¥33.5 billion, with EPS standing at ¥57.14. The results reflect successful implementation of the WPR4 program and a recovery in sales, maintaining a double-digit operating profit ratio for four consecutive quarters.
Nidec Corporation (TSE: 6594; OTC US: NJDCY) announced the status of its share repurchase plan resolved on January 25, 2021. For the period from June 1 to June 30, 2021, the company reported a total of 0 shares repurchased with a total repurchase amount of 0 yen. From January 26, 2021, to June 30, 2021, Nidec repurchased 404,800 shares for 4.82 billion yen. The total allowable repurchase is up to 4 million shares (0.68% of issued shares) with a budget of 50 billion yen until January 25, 2022.
Nidec Corporation (TSE: 6594; OTC US: NJDCY) has announced the repurchase of 404,800 shares, totaling approximately 4.82 billion yen, under its ongoing share buyback program. The repurchase occurred from May 1 to May 31, 2021. The company has a broader plan allowing for the repurchase of up to 4 million shares (0.68% of total shares issued) by January 25, 2022, with a total budget of 50 billion yen allocated for this initiative. This buyback is part of the company's strategy to enhance shareholder value and reflects confidence in its future performance.
Nidec Corporation (TSE: 6594; OTC US: NJDCY) reported no share repurchases between April 1, 2021, and April 30, 2021, under its ongoing buyback plan. The buyback plan, approved on January 25, 2021, allows for the repurchase of up to 4 million shares, representing 0.68% of total shares issued, with a total repurchasable amount of 50 billion yen. However, as of the end of April 2021, the company has not executed any repurchases, with the total number and value of shares repurchased being 0.