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 (TOKYO: 6594; OTC US: NJDCY) announced the completion of its share repurchase plan as authorized on January 24, 2024. Despite authorization to repurchase up to 2,000,000 shares (0.34% of total shares) for up to 11 billion yen from January 25 to May 24, 2024, no shares were repurchased. The company attributed this to the market share price remaining within a range deemed appropriate. The repurchase window was from May 1 to May 24, 2024, with zero shares repurchased during this period.
Nidec announced the status of its own share repurchase plan under the Companies Act of Japan. The company repurchased 0 shares for 0 yen during the period from April 1, 2024, through April 30, 2024. The total number of shares that may be repurchased is up to 2,000,000 shares with a total repurchasable amount of 11 billion yen.
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