NIDEC CORP ADR - NJDCY STOCK NEWS

Nidec (TOKYO: 6594; OTC US: NJDCY) announced the completion of its share repurchase plan as authorized on January 24, 2024. Despite authorization to repurchase up to 2,000,000 shares (0.34% of total shares) for up to 11 billion yen from January 25 to May 24, 2024, no shares were repurchased. The company attributed this to the market share price remaining within a range deemed appropriate. The repurchase window was from May 1 to May 24, 2024, with zero shares repurchased during this period.

Nidec announced the status of its own share repurchase plan under the Companies Act of Japan. The company repurchased 0 shares for 0 yen during the period from April 1, 2024, through April 30, 2024. The total number of shares that may be repurchased is up to 2,000,000 shares with a total repurchasable amount of 11 billion yen.

Nidec (NJDCY) announced its financial results for the fiscal year ended March 31, 2024, reporting record high net sales and profit. The company's operating profit was 163.1 billion yen, with strategic expenses of 59.8 billion yen for the Battery EV business. Nidec projects an interim dividend of 40 yen and an annual dividend of 80 yen for FY2025. The consolidated results show an increase in net sales and operating profit compared to the previous year.

Nidec announces the repurchase of own shares under an ongoing plan, with details of the repurchase period, class of shares, and total repurchase amount. The company aims to repurchase up to 2,000,000 shares, totaling 11 billion yen, from January 25, 2024, to May 24, 2024.

Nidec Corporation (NJDCY) announces the repurchase of own shares under its ongoing plan. The company will repurchase up to 2,000,000 common shares with a total repurchasable amount of 11 billion yen from January 25, 2024, through May 24, 2024.

Nidec Corporation announces changes in Chairman, President, and Executive Vice Presidents to enhance business management and governance functions for sustainable growth. The new appointments aim to achieve the FY2030 sales target of 10 trillion yen.

Nidec Corporation announced the consolidation of 900,000 common shares of Takisawa Machine Tool Co., Ltd. into one, making Takisawa a wholly owned subsidiary. The consolidation is part of Nidec's strategy to deepen ties with Takisawa and manage it efficiently for business expansion and growth.

Nidec Corporation (NJDCY) announced the status of its ongoing share repurchase plan, revealing that from January 25, 2024, through January 31, 2024, the company repurchased 0 of its own common shares, amounting to 0 yen. The Board of Directors had authorized the repurchase of up to 2,000,000 shares, totaling 11 billion yen, from January 25, 2024, through May 24, 2024. However, no shares were repurchased during the specified period.

Nidec Corporation (NJDCY) reported record-high nine months consolidated net sales, operating profit, profit before income taxes, and profit attributable to owners of the parent for the period of April 1, 2023, through December 31, 2023. The company also revised upward year-end dividend forecast for the year ending March 31, 2024, and implemented a strategic shift to improve the financial soundness and profitability of its Battery EV related business. The financial results for the nine months ended December 31, 2023, showed an increase in net sales by 3.2% and operating profit by 36.1% compared to the same period in 2022. Profit before income taxes and profit attributable to owners of the parent also saw substantial increases. The company's earnings per share (EPS) for the period was ¥253.93 (basic and diluted).