Welcome to our dedicated page for Nidec news (Ticker: NJDCY), a resource for investors and traders seeking the latest updates and insights on Nidec stock.
Nidec Corporation (OTC US: NJDCY; Tokyo: 6594) generates frequent disclosures that are highly relevant for investors following manufacturing and optical instrument and lens manufacturing companies. This news page compiles Nidec‑related announcements, focusing on financial reporting, governance developments, and capital structure decisions that shape the company’s risk profile and outlook.
Recent Nidec news has centered on IFRS‑based financial results for quarterly and semi‑annual periods, detailing changes in net sales, operating profit, and segment performance across its Automotive products, Appliance, Commercial and Industrial products, and Machinery businesses. The company has highlighted the impact of provisions for loss on contracts, impairment losses on non‑financial assets, and liabilities arising from settlements with suppliers, which have significantly affected profitability and created differences between preliminary and final performance figures.
Another major theme in Nidec’s news flow is accounting and governance issues. The company has announced investigations by a Third‑Party Committee into suspected improper or inappropriate accounting, and has reported that its auditor, PricewaterhouseCoopers Japan LLC, issued interim review reports containing disclaimers of conclusion on certain condensed quarterly and interim consolidated financial statements. Nidec has also disclosed that the Tokyo Stock Exchange designated its shares as a Security on Special Alert due to concerns about its internal management system.
Additional announcements cover dividend and forecast revisions, including the decision not to pay an interim dividend and to leave certain year‑end dividend and consolidated forecast figures undetermined, as well as financing measures such as a commitment line agreement with major creditor banks. Governance‑related news includes changes in the role of the company’s founder, who moved from Founder and Chairman of the Board to Chairman Emeritus, and the succession of the Chairman of the Board role by the Representative Director, President and Chief Executive Officer.
By reviewing this news feed, readers can track how Nidec communicates about its financial performance, accounting investigations, internal control improvements, funding arrangements, and board‑level changes over time.
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.