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 reports governance, financial reporting and shareholder-related developments for its operating company and U.S. OTC ADR ticker, NJDCY. Recent company updates have centered on an improvement plan and status reports submitted to the Tokyo Stock Exchange, third-party and internal investigations into improper accounting, and corrective measures for the company’s internal management system.
News also addresses postponed financial-result disclosures, corrections to prior financial statements, board and nomination committee processes, shareholder requests involving director liability and related remedies, dividend determinations, and culture-transformation initiatives within the Nidec Group.
Nidec Corporation (OTC:NJDCY) has announced it will seek approval to extend the deadline for submitting its 52nd fiscal year securities report from June 30, 2025, to September 26, 2025. This extension is necessitated by ongoing investigations into customs violations at its Italian subsidiary, NIDEC FIR INTERNATIONAL S.R.L.
The investigation revealed that between April 2018 and September 2023, FIR incorrectly declared Italy as the country of origin for oven motors shipped to the US, despite using Chinese-made parts, thereby avoiding required tariffs. An external investigation discovered similar issues with other FIR motors. The company has halted US shipments unless declared as Chinese-origin and requires additional internal investigations to assess the full impact on consolidated financial statements and internal controls.
Nidec Corporation (NJDCY) announced that its consolidated financial statements audit is experiencing delays due to extended auditing processes at overseas subsidiaries. The company has not yet received the accounting auditor's report, which is being prepared for the 52nd Annual General Meeting of Shareholders scheduled for June 20, 2025.
While materials for the shareholders' meeting have been distributed, including anticipated audit reports, the company notes that these are subject to modification pending the receipt of the final accounting auditor's report. Nidec will post any corrections to the consolidated financial statements on their website once the accounting audit is completed.
Nidec Corporation (NJDCY) has announced its annual dividend distribution from retained earnings. The company will pay a year-end dividend of 20 yen per share with a record date of March 31, 2025, and an effective payment date of June 2, 2025. The total dividend amount is 22,960 million yen.
Combined with the interim dividend of 20 yen, the total annual dividend for FY2025 will be 40 yen per share. This follows the company's two-for-one stock split implemented on October 1, 2024. Nidec's shareholder return policy aims for a total payout ratio of 50%, including share repurchases, while maintaining stable dividends.
Nidec Corporation (NJDCY) has announced a significant share repurchase program authorized by its Board of Directors on May 27, 2025. The company plans to repurchase up to 13 million shares, representing approximately 1.13% of total outstanding shares, with a maximum repurchase amount of 35 billion yen. The repurchase period will run from May 28, 2025 through May 27, 2026.
The buyback aims to provide flexible implementation while considering factors such as medium to long-term growth investments, current cash position, and stock price levels, targeting a total return ratio of 50%. As of April 30, 2025, Nidec had 1,146,307,799 shares outstanding (excluding treasury stock) and held 46,261,137 shares in treasury.
Nidec (NJDCY) has reported record-breaking financial results for the fiscal year ended March 31, 2025. The company achieved all-time highs across key metrics, with consolidated net sales reaching ¥2,607,094 million, an 11.1% increase from the previous year.
Operating profit surged by 48.4% to ¥240,200 million, while profit attributable to owners of the parent grew 34.7% to ¥167,688 million. The operating profit ratio improved from 6.9% to 9.2%. Fourth-quarter performance was particularly strong, with record-high quarterly net sales of ¥661,130 million and operating profit of ¥65,447 million, compared to a loss in the same period last year.
Basic earnings per share increased to ¥145.95 from ¥108.30 in the previous year, reflecting the company's strong financial performance.
Nidec (NJDCY) has announced its decision to launch a tender offer to acquire shares of Makino Milling Machine Co., (Securities Code: 6135), which is currently listed on the Prime Market of the Tokyo Stock Exchange. The tender offer resolution was made on April 3, 2025, and will be conducted under the Financial Instruments and Exchange Act of Japan.
Nidec (NJDCY) has provided an update on its ongoing share repurchase program. During March 2025, the company repurchased 2,120,000 shares for a total amount of 5.66 billion yen. The repurchase was executed under the plan approved by the Board of Directors on July 23, 2024, which authorizes the buyback of up to 10 million shares (0.87% of total shares issued) with a maximum repurchase amount of 35 billion yen.
The repurchase period runs from May 27, 2024, through May 26, 2025. As of March 31, 2025, the company has repurchased a total of 2,920,300 shares for 7.77 billion yen since the program's inception.