NIDEC CORP ADR - NJDCY STOCK NEWS

Nidec Corporation (TSE: 6594; OTC US: NJDCY) announced the completion of its acquisition of OKK Corporation's shares through a third-party allocation, paying a total of JPY 5,478,950,247 on February 1, 2022. This purchase involved acquiring 15,853,444 common shares at JPY 345.60 each. Despite the acquisition, Nidec expects no significant impact on its consolidated financial performance for the fiscal years ending March 31, 2022, and March 31, 2023. The company will disclose further information if necessary, in line with Tokyo Stock Exchange regulations.

On January 26, 2022, Nidec Corporation (TSE: 6594; OTC US: NJDCY) announced an upward revision of its year-end dividend projection for the fiscal year ending March 31, 2022. The revised annual dividend is now set at 65.00 yen per share, up from the previous projection of 60.00 yen. This reflects Nidec's commitment to shareholder-oriented management and aims for a dividend payout ratio of approximately 30% of consolidated net profit. The revised dividend for the fourth quarter is projected at 35.00 yen per share.

Nidec Corporation (TSE: 6594; OTC US: NJDCY) announced a new share repurchase plan on January 26, 2022. The company authorized the repurchase of up to 4 million shares, representing 0.68% of total shares issued, with a maximum repurchase amount of 50 billion yen. This initiative aims to enhance capital management in response to changing business conditions. The repurchase period extends from January 27, 2022 to January 24, 2023.

Nidec Corporation (OTC US: NJDCY) reported robust financial results for the nine months ending December 31, 2021. Net sales reached a record high of ¥1,407.2 billion, up 18.8% year-over-year. Operating profit increased 16.6% to ¥134.6 billion, while profit before income taxes rose 19.4% to ¥130.6 billion. The quarterly net sales for Q3 also set a record at ¥496.5 billion, marking a 7.2% quarter-over-quarter growth. Additionally, Nidec revised its year-end dividend forecast upward to ¥65 per share, with earnings per share recorded at ¥171.67.

Nidec Corporation has concluded its share repurchase program authorized on January 25, 2021, with a total repurchase of 1,479,800 shares for 17.2 billion yen by January 25, 2022. The last repurchase period lasted from January 1 to January 25, 2022, during which 270,000 shares were acquired for 2.98 billion yen. While the total buyback amount fell short of the 50 billion yen limit set forth in the initial plan, the company aimed to optimize its capital strategy against market conditions. This buyback reflects the company's commitment to enhancing shareholder value.

Nidec Corporation, listed on TSE as 6594 and OTC US as NJDCY, reported no share repurchases during December 2021. The company had a buyback plan initiated on January 25, 2021, allowing for the repurchase of up to 4 million shares, totaling 50 billion yen. As of December 31, 2021, the company repurchased 1,209,800 shares for approximately 14.24 billion yen. The buyback is part of a strategy to enhance shareholder value, although it remains to be seen how future repurchase plans will continue.

Nidec Corporation (TSE: 6594; OTC US: NJDCY) announced its share buyback results for November 2021, revealing that no shares were repurchased during the period. The company had resolved to repurchase up to 4 million shares for a total of 50 billion yen from January 2021 to January 2022. To date, 1,209,800 shares have been repurchased at a cost of approximately 14.24 billion yen. This buyback initiative is part of the ongoing commitment to enhance shareholder value.

Nidec Corporation (OTC US: NJDCY) announced on November 18, 2021, that its Board of Directors approved a resolution to purchase shares of OKK Corporation through a third-party allocation. The acquisition involves purchasing 15,853,444 shares at JPY 345.60 each, totaling approximately JPY 5.48 billion. This deal aims to enhance synergies in the machine tool sector, allowing Nidec to expand its product offerings and market reach. The payment period is set from January 26 to June 30, 2022, with no significant impact anticipated on Nidec's financial performance for the current and next fiscal years.

Nidec Corporation (TSE: 6594; OTC US: NJDCY) reported on November 1, 2021, the status of its share repurchase plan initiated on January 25, 2021. The repurchase period ran from October 1 to October 31, 2021, where 805,000 shares were repurchased at a total cost of 9.41 billion yen. This contributes to the ongoing effort to enhance shareholder value as part of a broader plan allowing for repurchases of up to 4 million shares for a total of 50 billion yen by January 25, 2022.