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Nidec Corp - NJDCY STOCK NEWS

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NIDEC CORP ADR (NJDCY) is a global leader in electric motor technology and solutions, providing innovative products for various industries. With a focus on efficiency and reliability, NIDEC offers a diverse range of motors and related equipment, including drives and power supplies. The company's commitment to sustainability and technological advancement has led to numerous successful partnerships and projects worldwide. NIDEC's strong financial performance and strategic acquisitions have positioned it as a key player in the electric motor market.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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FAQ

What is the current stock price of Nidec (NJDCY)?

The current stock price of Nidec (NJDCY) is $4.57 as of February 21, 2025.

What is the market cap of Nidec (NJDCY)?

The market cap of Nidec (NJDCY) is approximately 20.5B.

What does NIDEC CORP ADR do?

NIDEC CORP ADR is a global leader in electric motor technology and solutions, providing innovative products for various industries.

What products does NIDEC offer?

NIDEC offers a diverse range of motors, drives, and power supplies designed for efficiency and reliability across different applications.

What is NIDEC's focus in its business operations?

NIDEC focuses on sustainability, technological advancement, and strategic partnerships to drive innovation and growth in the electric motor market.

How is NIDEC's financial performance?

NIDEC has maintained strong financial performance, with strategic acquisitions and a focus on efficiency contributing to its success in the market.

What sets NIDEC apart from its competitors?

NIDEC's commitment to sustainability, reliability, and technological advancement distinguishes it as a key player in the electric motor industry.

Where does NIDEC operate?

NIDEC operates globally, providing electric motor solutions and services to industries worldwide.

What are some recent achievements of NIDEC?

NIDEC has achieved success through innovative products, strategic partnerships, and a commitment to sustainability, positioning the company as a leader in the electric motor market.

How does NIDEC contribute to technological advancement?

NIDEC invests in research and development to drive technological advancement in electric motor technology, offering cutting-edge solutions to its customers.

What is NIDEC's approach to sustainability?

NIDEC incorporates sustainability principles into its business operations, focusing on energy efficiency, eco-friendly practices, and reducing environmental impact.

What is the significance of NIDEC in the electric motor market?

NIDEC's expertise, innovative products, and global presence make it a significant player in the electric motor market, driving industry standards and advancements.
Nidec Corp

OTC:NJDCY

NJDCY Rankings

NJDCY Stock Data

20.50B
4.60B
0.18%
0.01%
Specialty Industrial Machinery
Industrials
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Japan
Kyoto