Nidec Corp Stock Price, News & Analysis

Nidec (TOKYO: 6594, OTC US: NJDCY) has issued an update regarding its previously announced letter of intent from December 27, 2024, concerning the planned tender offer for Makino Milling Machine Co., (Securities Code: 6135). The company held a press conference on February 26, 2025, to discuss the matter.

Nidec (NJDCY) has submitted answers to the second questionnaire from Makino Milling Machine Co., regarding its planned tender offer. This follows Nidec's December 27, 2024 announcement of its intention to acquire Makino Milling Machine and make it a wholly owned subsidiary.

The company states it will continue providing necessary information to the Target Company in a timely and appropriate manner to help them form their opinion on the transaction. The full answers to the questionnaire are available on Nidec's corporate website.

Nidec (TOKYO: 6594) (OTC US: NJDCY) has submitted answers to a questionnaire from Makino Milling Machine Co., , following their December 27, 2024 announcement of a planned tender offer to acquire Makino's common stock. The questionnaire response, dated January 28, 2025, is part of Nidec's broader strategy to make Makino a wholly owned subsidiary.

Nidec has committed to providing Makino with necessary information about the transaction in a timely and appropriate manner to help them form their opinion on the proposed acquisition. The full questionnaire responses are available on Nidec's corporate website.

Nidec (NJDCY) has reported the status of its ongoing share repurchase program, authorized by its Board of Directors on July 23, 2024. The company announced that during January 2025, no shares were repurchased under the program.

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 January 31, 2025, the total number of shares repurchased since the program's inception on May 27, 2024, remains at zero, with no funds expended.

Nidec (NJDCY) reported strong financial results for the nine months ended December 31, 2024. The company achieved record-high net sales of ¥1.946 trillion, representing an 11.5% increase year-over-year. Operating profit also reached a record high of ¥175.5 billion, up 5.0% compared to the previous year.

For the third quarter specifically, net sales increased by 11% to ¥652.1 billion, while operating profit rose 5.3% to ¥54.5 billion. The company maintained record-high cash flow levels. However, profit attributable to owners decreased by 6.7% to ¥134.6 billion for the nine-month period, with earnings per share declining from ¥125.51 to ¥117.14.

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.