Nidec Corp - NJDCY STOCK NEWS

Nidec (NJDCY) has reported the status of its ongoing share repurchase program, which was authorized by its Board of Directors on July 23, 2024. The company has announced that no shares were repurchased during the period from December 1, 2024, through December 31, 2024.

The authorized share repurchase plan allows for the buyback of up to 10 million common shares, representing 0.87% of total shares issued (excluding treasury stock), with a maximum repurchase amount of 35 billion yen. The repurchase period extends from May 27, 2024, through May 26, 2025. As of December 31, 2024, no shares have been repurchased under this program since its inception on May 27, 2024.

Nidec has announced plans to acquire Makino Milling Machine Co., through a tender offer aimed at making Makino a wholly-owned subsidiary. The tender offer is scheduled to commence on April 4, 2025, with a price of 11,000 yen per share, representing premiums ranging from 41.94% to 74.24% over various trading periods.

The tender offer has no upper limit on shares to be purchased but sets a lower limit of 11,694,400 shares (50.00% ownership). The offer period will be 31 business days. Nidec aims to build a relationship to become 'the world's leading comprehensive machine tool manufacturer' through this transaction.

Nidec (NJDCY) has reported the status of its ongoing share repurchase program authorized by the Board of Directors on July 23, 2024. The company announced that during November 2024, no shares were repurchased. The approved plan allows for the repurchase of up to 10 million common shares (0.87% of total shares issued, excluding treasury stock) with a maximum repurchase amount of 35 billion yen. The repurchase period extends from May 27, 2024, through May 26, 2025. As of November 30, 2024, no shares have been repurchased under this program.

Nidec (TOKYO: 6594; OTC US: NJDCY) reported the status of its ongoing share repurchase program approved by the Board of Directors on July 23, 2024. The company is authorized to repurchase up to 10 million shares (0.87% of total shares issued, excluding treasury stock) for a maximum amount of 35 billion yen between May 27, 2024, and May 26, 2025. For the period from October 1-31, 2024, no shares were repurchased. The total number of shares repurchased since the program's inception (May 27, 2024) remains at zero.

Nidec (NJDCY) reported strong financial results for H1 FY2024. Net sales reached a record high of ¥1,293.8 billion, up 11.8% year-over-year. Operating profit also hit a record high of ¥121.0 billion, increasing 4.9% compared to the previous year. However, profit before income taxes decreased 30.9% to ¥100.174 billion, and profit attributable to owners dropped 28.5% to ¥75.572 billion. The operating profit ratio slightly declined to 9.4% from 10.0% in the previous year. Earnings per share decreased to ¥65.76 from ¥91.99 in the same period last year.

Nidec (TOKYO:6594; OTC US: NJDCY) has announced the status of its own share repurchase program, which was authorized by the Board of Directors on July 23, 2024. The repurchase plan allows for up to 10,000,000 common shares (0.87% of total shares issued, excluding treasury stock) to be bought back, with a total repurchasable amount of 35 billion yen. The repurchase period is set from May 27, 2024 through May 26, 2025.

For the period from September 1, 2024 through September 30, 2024, Nidec reported that no shares were repurchased, with the total repurchase amount being 0 yen. Additionally, the company disclosed that from the start of the program on May 27, 2024 through September 30, 2024, no shares have been repurchased, and the total repurchase amount remains at 0 yen.

Nidec (TOKYO: 6594; OTC US: NJDCY) has announced its decision to acquire Linear Transfer Automation Inc., Linear Automation USA Inc., and Presstrader , collectively known as 'Linear', on October 1, 2024. Linear, a Canadian-based company, specializes in manufacturing, sales, and service for press peripheral equipment. With 90 employees and sales of 39.6 million CAD in FY2023, Linear serves major automobile manufacturers and Tier 1 and 2 suppliers.

This acquisition aims to enhance Nidec's Press & Automation Machine Business, which reported sales of 66.7 billion yen in FY2024. The synergies expected include offering total system solutions, expanding sales through cross-selling, and deploying Linear's products globally using Nidec's infrastructure. The transaction is not expected to significantly impact Nidec's consolidated financial performance for the fiscal year ending March 31, 2025.

Nidec (TOKYO: 6594; OTC US: NJDCY) has announced the status of its own share repurchase program, approved by the Board of Directors on May 24, 2024. The repurchase plan allows for up to 5,000,000 common shares (0.87% of total shares issued, excluding treasury stock) to be bought back, with a total repurchasable amount of 35 billion yen. The repurchase period runs from May 27, 2024, through May 26, 2025.

However, for the period from August 1, 2024, through August 30, 2024, Nidec reported that no shares were repurchased, and the total repurchase amount remained at 0 yen. This update is part of the company's ongoing commitment to transparency in its share repurchase activities.

Nidec (TOKYO: 6594; OTC US: NJDCY) has won a defamation lawsuit against Toyo Keizai Inc. and related individuals. The Tokyo District Court ruled in favor of Nidec, stating that Toyo Keizai's reporting on alleged insider trading by Nidec was false and insufficiently researched. The court ordered Toyo Keizai to pay damages and remove the defamatory article. This ruling confirms that Nidec properly acquired treasury stock in compliance with applicable laws and regulations, clearing the company of insider trading suspicions. Nidec reaffirms its commitment to conducting business activities in accordance with legal and regulatory requirements.