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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.
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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).
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Nidec Corporation (NJDCY) announces the completion of its share repurchase plan authorized by the Board of Directors. During the plan, the distributable amount was exceeded, leading to the establishment of governance and business execution systems to prevent recurrence. The company also considered stock market trends, stock price, and capital policy progress but did not reach the upper limit of the total number of shares resolved or the total acquisition price. The total number of shares repurchased was 1,171,400 with a total repurchase amount of 7,865,806,100 yen.
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Nidec Corporation has announced a revision to its IFRS-based consolidated full-year financial forecasts and an upward revision to its year-end dividend projection for the year ending March 31, 2024. The company has revised its net sales, operating profit, profit before income taxes, and profit attributable to owners of the parent. It has also provided a revised year-end dividend projection, increasing the dividend payout to around 30% of the consolidated net profit.
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Nidec Corporation announces a new share repurchase plan, authorizing the repurchase of up to 2 million shares, representing 0.34% of the total number of shares issued. The total repurchasable amount is 11 billion yen, with the period of repurchase set from January 25, 2024, through May 24, 2024. The purpose of the repurchase is to enable agile capital management responsive to the changing business environment.
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Nidec Corporation (TOKYO:6594; OTC US:NJDCY) has announced the status of its own share repurchase under an ongoing plan resolved at a meeting of the Board of Directors. The company repurchased 1,171,400 shares for a total amount of 7,865,806,100 yen from January 25, 2023, through December 31, 2023.
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Nidec Corporation (TOKYO: 6594; OTC US: NJDCY) to Invest 15.8 Million GBP in Gore Street Energy Storage Fund PLC
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Nidec Corporation (TOKYO:6594; OTC US: NJDCY) announced the status of its own share repurchase under an ongoing plan. The company repurchased 1,171,400 shares for 7,865,806,100 yen from January 25, 2023, through November 30, 2023, out of a total of 5,000,000 shares that may be repurchased under the plan, amounting to 0.87% of the total number of shares issued, excluding treasury stock. The repurchase period is from January 25, 2023, through January 24, 2024, with a total repurchasable amount of 35 billion yen. The company did not repurchase any shares during the period from November 1, 2023, through November 30, 2023.
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Nidec Corporation (NJDCY) announces the completion of the purchase and settlement of all tendered share certificates of Takisawa Machine Tool Co., Ltd. This acquisition results in Nidec owning 86.14% of the voting rights in the Target Company, making it a member of Nidec Group. Nidec aims to enhance corporate value by adding the Target Company's lathes to its machine tool business portfolio and creating synergies within the group. Squeeze-out procedures will be carried out to make the Target Company a wholly owned subsidiary of Nidec.
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Nidec Corporation (NJDC) Announces Completion of Tender Offer for Takisawa Machine Tool Co., Ltd. Shares
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Nidec Corporation has announced the status of its own share repurchase under its ongoing repurchase plan. The repurchase period is from October 1, 2023, to October 31, 2023, and the class of shares is common stock. However, no shares have been repurchased and the total repurchase amount is 0 yen. The company had previously authorized a share repurchase plan of up to 5,000,000 shares, representing 0.87% of the total number of shares issued, with a total repurchasable amount of 35 billion yen.
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FAQ
What is the current stock price of NIDEC ADR (NJDCY)?
The current stock price of NIDEC ADR (NJDCY) is $4.3 as of December 23, 2024.
What is the market cap of NIDEC ADR (NJDCY)?
The market cap of NIDEC ADR (NJDCY) is approximately 21.5B.
What does NIDEC CORP ADR do?
NIDEC CORP ADR is a global leader in electric motor technology and solutions, providing innovative products for various industries.
What products does NIDEC offer?
NIDEC offers a diverse range of motors, drives, and power supplies designed for efficiency and reliability across different applications.
What is NIDEC's focus in its business operations?
NIDEC focuses on sustainability, technological advancement, and strategic partnerships to drive innovation and growth in the electric motor market.
How is NIDEC's financial performance?
NIDEC has maintained strong financial performance, with strategic acquisitions and a focus on efficiency contributing to its success in the market.
What sets NIDEC apart from its competitors?
NIDEC's commitment to sustainability, reliability, and technological advancement distinguishes it as a key player in the electric motor industry.
Where does NIDEC operate?
NIDEC operates globally, providing electric motor solutions and services to industries worldwide.
What are some recent achievements of NIDEC?
NIDEC has achieved success through innovative products, strategic partnerships, and a commitment to sustainability, positioning the company as a leader in the electric motor market.
How does NIDEC contribute to technological advancement?
NIDEC invests in research and development to drive technological advancement in electric motor technology, offering cutting-edge solutions to its customers.
What is NIDEC's approach to sustainability?
NIDEC incorporates sustainability principles into its business operations, focusing on energy efficiency, eco-friendly practices, and reducing environmental impact.
What is the significance of NIDEC in the electric motor market?
NIDEC's expertise, innovative products, and global presence make it a significant player in the electric motor market, driving industry standards and advancements.
NIDEC CORP ADR
OTC:NJDCY
NJDCY Rankings
NJDCY Stock Data
21.48B
4.60B
0.18%
0.01%
Specialty Industrial Machinery
Industrials
United States of America
Kyoto