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Nidec Corporation (NJDCY) delivers advanced motor solutions across automotive, industrial, and technology sectors worldwide. This news hub provides investors and industry professionals with essential updates on corporate developments, strategic partnerships, and technological innovations.
Access official press releases and verified news covering earnings announcements, product launches, and operational milestones. Our curated collection enables efficient tracking of Nidec's progress in precision motor manufacturing and emerging drive technologies.
Key updates include R&D breakthroughs, global expansion initiatives, and collaborations enhancing motor system integration. Stay informed about developments in industrial automation solutions and energy-efficient motor designs through primary source materials.
Bookmark this page for direct access to NJDCY's latest corporate communications. Regular updates ensure you maintain current awareness of this industry leader's market position and technological advancements.
Nidec Corporation reported its consolidated financial results for the fiscal year ending March 31, 2023. Key highlights include:
- Record net sales of ¥2,242.8 billion, a 16.9% increase year-over-year.
- Operating profit fell by 41.3% to ¥100.1 billion due to structural reform costs of ¥75.7 billion.
- Profit before taxes declined 29.1% to ¥120.6 billion, aided by a foreign currency gain of ¥20 billion.
- Profit attributable to owners of the parent decreased 66.9% to ¥45.0 billion after tax expenses of ¥75.0 billion and losses from discontinued operations of ¥2.0 billion.
- EPS stood at ¥78.19. Nidec aims for a V-shaped recovery in FY2023 through the ongoing WPR-X reform.
Nidec Corporation (Tokyo: 6594; OTC US: NJDCY) announced the completion of its share repurchase plan as per the Board of Directors' resolution on January 24, 2023. The repurchase period ran from March 1, 2023, to March 31, 2023, during which 290,000 shares were repurchased for a total amount of
Nidec Corporation (OTC US: NJDCY) announced the acquisition of Midori Precisions Co., Ltd. by its subsidiary Nidec Copal Electronics on March 31, 2023. This acquisition aims to leverage synergies between both companies to enhance their product offerings in potentiometers and encoders. By integrating their technologies, they anticipate meeting global demands for sensors through Nidec Copal Electronics’ global sales channels. Although the acquisition is not expected to have a significant impact on Nidec’s consolidated financial performance for the fiscal year ending March 31, 2023, it represents a strategic growth investment.
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