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 the status of its share repurchase plan on February 1, 2021. The plan, originally resolved on January 25, 2021, allows for repurchasing up to 4 million shares (0.68% of total shares issued) with a total repurchasable amount of 50 billion yen. However, from January 26 to January 31, 2021, the company did not repurchase any shares, recording a total repurchase amount of 0 yen. The repurchase period extends until January 25, 2022.