NIDEC CORP ADR - NJDCY STOCK NEWS

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.

Nidec Corporation (OTC US: NJDCY) reported record net sales of ¥910.7 billion for the first half of FY2021, an increase of 21.1% year-over-year. Operating profit rose by 30.4% to ¥90.2 billion, with a profit attributable to owners up 38.6% to ¥67.6 billion. The company improved its operating profit ratio for its Appliance, Commercial, and Industrial Products to 10.7%. Additionally, Nidec revised its full-year financial forecasts upward, with EPS reaching ¥115.49.

Nidec Corporation (TSE: 6594; OTC US: NJDCY) has released its financial results for the six months ending September 30, 2021, showing significant growth compared to its previous forecast. Net sales reached ¥910,668 million, exceeding the anticipated ¥800,000 million by ¥110,668 million (13.8%). Operating profit also surpassed forecasts at ¥90,196 million, up from ¥80,000 million. The company has revised its fiscal year forecast, projecting net sales of ¥1,800,000 million and operating profit of ¥190,000 million for the year ending March 31, 2022, reflecting an increase of ¥100,000 million (5.9%).

Nidec Corporation announced on October 3, 2021, that it has satisfied the listing criteria for the Tokyo Stock Exchange's (TSE) new Prime Market segment. The Company received an initial assessment confirming its compliance on July 9, 2021. Subsequently, the board resolved to apply for the Prime Market listing as the TSE transitions to stricter criteria. Nidec will adhere to the TSE application schedule moving forward.

Nidec Corporation (TSE: 6594; OTC US: NJDCY) reported no share repurchases for September 2021, despite a previously authorized buyback plan of up to 4 million shares, totaling 50 billion yen, set to last until January 2022. As of September 30, 2021, the company has repurchased 404,800 shares for approximately 4.82 billion yen since the buyback program's initiation on January 26, 2021. The lack of repurchases this past month may indicate strategic financial management while still engaging in share buybacks throughout the program.

Nidec Corporation (TSE: 6594; OTC US: NJDCY) announced its share repurchase status on September 1, 2021. The company reported that from August 1 to August 31, 2021, it repurchased 0 shares for a total amount of 0 yen, under a buyback program initiated on January 25, 2021. Since the start of the program, a total of 404,800 shares have been repurchased for approximately 4.82 billion yen. The buyback program allows for the repurchase of up to 4 million shares until January 25, 2022.

Nidec Corporation (TSE: 6594; OTC US: NJDCY) has completed the acquisition of Mitsubishi Heavy Industries Machine Tool Co., Ltd., enhancing its machine tool business. This deal includes three overseas subsidiaries and is expected to create synergies in manufacturing and sales. Although the acquisition is anticipated to have no significant impact on the financial performance for the fiscal year ending March 31, 2022, Nidec aims to leverage both companies' strengths to expand in the global machine tools market. Further stock purchases in India and China are expected by August 2021.