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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.
Nidec Corporation (TSE: 6594; OTC US: NJDCY) announced the status of its share repurchase plan resolved on January 25, 2021. For the period from June 1 to June 30, 2021, the company reported a total of 0 shares repurchased with a total repurchase amount of 0 yen. From January 26, 2021, to June 30, 2021, Nidec repurchased 404,800 shares for 4.82 billion yen. The total allowable repurchase is up to 4 million shares (0.68% of issued shares) with a budget of 50 billion yen until January 25, 2022.
Nidec Corporation (TSE: 6594; OTC US: NJDCY) has announced the repurchase of 404,800 shares, totaling approximately 4.82 billion yen, under its ongoing share buyback program. The repurchase occurred from May 1 to May 31, 2021. The company has a broader plan allowing for the repurchase of up to 4 million shares (0.68% of total shares issued) by January 25, 2022, with a total budget of 50 billion yen allocated for this initiative. This buyback is part of the company's strategy to enhance shareholder value and reflects confidence in its future performance.
Nidec Corporation (TSE: 6594; OTC US: NJDCY) reported no share repurchases between April 1, 2021, and April 30, 2021, under its ongoing buyback plan. The buyback plan, approved on January 25, 2021, allows for the repurchase of up to 4 million shares, representing 0.68% of total shares issued, with a total repurchasable amount of 50 billion yen. However, as of the end of April 2021, the company has not executed any repurchases, with the total number and value of shares repurchased being 0.
Nidec Corporation (TSE: 6594, OTC US: NJDCY) reported its financial results for the fiscal year ended March 31, 2021. Net sales reached a record high of ¥1,618.1 billion, reflecting a 5.4% year-over-year increase. Operating profit surged 47.4% to ¥160.0 billion, with a quarterly operating profit ratio of 10.3%. Profit attributable to owners rose 108.7% to ¥122.0 billion, translating to an EPS of ¥208.25. This financial performance underscores Nidec's robust recovery, driven by operational efficiencies achieved through the WPR4 program.
Nidec Corporation (TSE: 6594; OTC US: NJDCY) announced its plans to establish new factories in Novi Sad, Serbia. This initiative includes a launch event attended by significant officials, marking the company's entry into the Serbian market. The factories aim to support the growing demand for automotive motors and high-efficiency products in Europe. Nidec has already opened a business office and formed a strategic alliance with the University of Novi Sad for research and technological exchanges. The new facilities are expected to employ approximately 1,200 people and commence operations in mid-2022.
Nidec Corporation (TSE: 6594; OTC US: NJDCY) announced that during the repurchase period from March 1 to March 31, 2021, it repurchased 0 shares and allocated 0 yen for this purpose. The company had previously resolved to repurchase up to 4 million shares (0.68% of total issued shares) for a total of 50 billion yen during a period extending from January 26, 2021, to January 25, 2022. No shares have been repurchased to date.
Nidec Corporation (TSE: 6594; OTC US: NJDCY) plans to issue €500 million in senior unsecured Euro-denominated Green Bonds to fund electric vehicle (EV) traction motors. This marks the first euro-denominated bond issuance by a Japanese company. The proceeds will support capital expenditures and R&D expenses associated with the production of EV traction motors, contributing to decarbonization efforts in the automotive industry. The bonds will be offered to institutional investors and aimed at diversifying financing methods.
Nidec Corporation (TSE: 6594; OTC US: NJDCY) announced that from February 1 to February 28, 2021, it repurchased 0 shares under its ongoing buyback program.
The Board had previously authorized a plan on January 25, 2021, allowing for repurchases of up to 4 million shares (0.68% of total shares) for a maximum of 50 billion yen from January 26, 2021, to January 25, 2022. As it stands, no shares have been repurchased during the specified period, indicating no current financial outflow related to this program.
Nidec Corporation (OTC: NJDCY) announced the acquisition of Mitsubishi Heavy Industries Machine Tool Co., Ltd., including shares of three overseas subsidiaries and the machine tool business of nine overseas subsidiaries. This strategic move aims to enhance Nidec's capabilities in manufacturing E-Axle, a crucial component for electric vehicles. The acquisition is projected to strengthen Nidec's market position without impacting financial performance for the current or next fiscal year. The deal was finalized on February 5, 2021, with completion expected by May 2021, subject to regulatory approvals.
Nidec Corporation (TSE: 6594; OTC US: NJDCY) announced the status of its share repurchase plan on February 1, 2021. The plan, originally resolved on January 25, 2021, allows for repurchasing up to 4 million shares (0.68% of total shares issued) with a total repurchasable amount of 50 billion yen. However, from January 26 to January 31, 2021, the company did not repurchase any shares, recording a total repurchase amount of 0 yen. The repurchase period extends until January 25, 2022.
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