Tokyo - Delayed Quote • JPY Nidec Corporation (6594.T) Follow Compare 2,700.00 -8.00 (-0.30%) At close: 3:45:00 PM GMT+9 All News Press Releases SEC Filings All SEC Filings Corporate Changes & Voting Matters Periodic Financial Reports Proxy Statements Tender Offer/Acquisition Reports Offering Registrations NJDCY vs. BWXT: Which Stock Is the Better Value Option? NJDCY vs. BWXT: Which Stock Is the Better Value Option? Nidec Announces the Status of Own Share Repurchase KYOTO, Japan, December 02, 2024--Nidec Corporation (TOKYO:6594; OTC US:NJDCY) (the "Company") today announced the status of the Company’s own share repurchase under its ongoing repurchase plan resolved at a meeting of the Board of Directors held on July 23, 2024, pursuant to Item 1 of Article 459 (1) of the Companies Act of Japan. NJDCY or BWXT: Which Is the Better Value Stock Right Now? NJDCY vs. BWXT: Which Stock Is the Better Value Option? Renesas and Nidec unveil “8-in-1” PoC for advanced EV E-Axle integration The E-Axle system integrates a motor, gear, and inverter into a compact unit, reducing EV size and weight. Nidec Announces Financial Results for Fiscal Second Quarter and Six Months Ended September 30, 2024 KYOTO, Japan, October 23, 2024--Nidec Corporation (TOKYO: 6594) (OTC US: NJDCY) today announced its consolidated financial results under the International Financial Reporting Standards ("IFRS") for the period of April 1, 2024 through September 30, 2024. Japan's Nidec posts 10% rise in second-quarter operating profit TOKYO (Reuters) -Japanese electric motor maker Nidec posted a 10% rise in quarterly operating profit on Wednesday, helped by cost cuts, and stuck to its full-year outlook on prospects of growing sales of cooling systems for AI data centres. Operating profit for the three months to end-September totalled 60.7 billion yen ($398.79 million), compared to 55.1 billion yen in the same period a year earlier. The Kyoto-based firm stuck to its full-year forecast for an operating profit of 240 billion yen for the year to end-March, nearly 50% better than the previous year's result. Ashok Leyland partners with Nidec for EV motors Developing E-drive Motors for Ashok Leyland commercial vehicles Nidec Announces its Execution of a Share Transfer Agreement on Linear Transfer Automation Inc. and its Two Related Companies, Canadian-based Press Room Equipment Manufacturer KYOTO, Japan, October 01, 2024--Nidec Corporation (TOKYO: 6594; OTC US: NJDCY) (the "Company" or "Nidec") announced today that its Board of Directors has approved a resolution to acquire the share of Linear Transfer Automation Inc., Linear Automation USA Inc., and Presstrader Limited, privately-owned Canadian companies (collectively the "Linear"), from its shareholders (the "Transaction of share") on September 27, 2024 (Japan time). The Company executed an agreement on the Transaction of share o NJDCY or OLED: Which Is the Better Value Stock Right Now? NJDCY vs. OLED: Which Stock Is the Better Value Option? Nidec Announces its Win of Damages Case against Toyo Keizai Inc. KYOTO, Japan, August 06, 2024--Nidec Corporation (TOKYO: 6594; OTC US: NJDCY) ("Nidec" or the "Company") today announced that it has received a ruling in favor of the Company in the action that it instituted against Toyo Keizai Inc. (head office: 1-2-1 Nihonbashi, Hongokucho, Chuo-ku, Tokyo) and concerned individuals to the Tokyo District Court on October 24, 2022, demanding damages based on the defamation by the aforementioned parties. Nidec Announces Financial Results for Fiscal First Quarter Ended June 30, 2024 KYOTO, Japan, July 24, 2024--Nidec Corporation (TOKYO: 6594) (OTC US: NJDCY) today announced its consolidated results under the International Financial Reporting Standards ("IFRS") for the three-month period ended June 30, 2024. Nidec Announces the Disposal of Treasury Stock through Third-Party Allotment in Line with the Continuation of the Performance Share Plan KYOTO, Japan, July 23, 2024--Nidec Corporation (TOKYO:6594; OTC US: NJDCY) ("Nidec" or the "Company") today announced that its Board of Directors has resolved to dispose treasury stock through third-party allotment (the "Disposal of Treasury Stock") at a meeting held on July 23, 2024. Japan's Nidec lifts annual profit outlook after Q1 Japanese electric motor maker Nidec raised its full-year operating profit forecast by 4.3% on Tuesday off the back of a recovery in demand for hard drive motors, efforts to raise its profitability and a weaker yen. The company raised its expectations for operating profit in the financial year to the end of March 2025 to 240 billion yen ($1.53 billion), versus an earlier forecast of 230 billion yen and an average analyst view of 246.9 billion yen. Operating profit for the April-June quarter totalled 60.3 billion yen, largely in line with 60.2 billion yen in the same period a year earlier and compared with the average estimate of 58.4 billion yen in a survey of four analysts by LSEG. Nidec Announces its Revision of Upward Consolidated Fiscal First-Half and Year-End Financial Forecasts for the Year Ending March 31, 2025 KYOTO, Japan, July 23, 2024--Nidec Corporation (TOKYO: 6594; OTC US: NJDCY) (the "Company") today announced an upward revision to its IFRS-based consolidated fiscal first-half and year-end financial forecasts for the year ending March 31, 2025, originally announced on April 23, 2024. Nidec announces Stock Split, Modification to Share Repurchase Program, and Notice Regarding Revision of Dividend Projection KYOTO, Japan, July 23, 2024--Nidec Corporation (TOKYO:6594; OTC US:NJDCY) (the "Company") today announced that the Board of Directors of the Company, at a meeting held on July 23, 2024, made the following decisions regarding a stock split, and a modification to the Company’s share repurchase program resolved on May 24, 2024. Furthermore, the Company hereby announces that the Company, in accordance with this stock split, has also revised the dividend projection for the fiscal year ending March 31 Nidec Announces its Execution of Comprehensive MOU with Tata Elxsi Ltd. KYOTO, Japan, July 23, 2024--Nidec Corporation (TOKYO: 6594; OTC US: NJDCY) ("Nidec" or the "Company") today announced that it has executed a memorandum of understanding (the "MOU") on July 22, 2024 with India’s Tata Elxsi Ltd. ("Tata Elxsi"), a design and technology service provider. Nidec Announces Investment in Eve Air Mobility, a Manufacturer of Electric Vertical Take-off and Landing (eVTOL) Aircraft, for Strategic Partnership Through Nidec’s Subsidiary KYOTO, Japan, July 01, 2024--Nidec (TOKYO:6594; OTC US:NJDCY) announces that it will make a minority equity investment of USD 20M in Eve Air Mobility ("Eve"), a manufacturer of electric vertical take-off and landing (eVTOL) aircraft and launch partner for Nidec Aerospace’s propulsion system, through Nidec’s subsidiary, Nidec Motor Corporation ("NMC"), on July 2, 2024.(EST) Nidec Announces Material Weakness About Nidec’s Internal Control Over Its Financial Reporting and Its Corrective Actions Implemented KYOTO, Japan, June 19, 2024--Nidec Corporation (TOKYO: 6594; OTC US: NJDCY) (the "Company") announces today that the Company has stated in the internal control report for the fiscal year ended March 31, 2024, submitted on June 19, 2024 to the Kanto Local Finance Bureau in accordance with Article 24-4-4(1) of the Financial Instruments and Exchange Act, that the Company has identified a material weakness and that the Company’s internal control over financial reporting is not effective, as describe Nidec sees AI-related business expanding to more than $6 billion Japanese electronic motor maker Nidec sees its business in water-cooling modules for generative artificial intelligence data centres expanding to 1 trillion yen ($6.32 billion) in sales. That compares to the 40 to 50 billion yen in sales of cooling modules for AI servers that Nidec is aiming for in the year to March 2025, and expectations for about 100 billion yen in the following year. "I think it will reach one trillion yen" in revenues, company Chairman Shigenobu Nagamori told a news conference following an annual shareholders meeting, without specifying how soon that goal will likely be achieved. Japan's Nidec corrects past results after some sales were 'inflated' Japanese electric motor manufacturer Nidec Corp revised down two years of operating profit by about $67 million on Friday after determining that some sales were "recorded in an inflated manner" at a subsidiary. Nidec said it had amended its financial results for the year ended in March 2023 and the year that ended in March 2024, after finding errors in its consolidation adjustment at subsidiary Nidec Drive Technology. It said its operating profit was 10.1 billion yen ($64.33 million), or about 10%, lower than originally stated for the business year that finished in March 2023 and was 307 million yen lower than originally stated for the one that just ended. Performance Overview Trailing total returns as of 12/25/2024, which may include dividends or other distributions. Benchmark is Nikkei 225 Return 6594.T Nikkei 225 YTD -2.70% +16.93% 1-Year +0.62% +17.67% 3-Year -57.78% +35.95%