Nidec Corp

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NIDEC CORP. engages in the development, manufacturing, and sale of small precision, automotive, commercial & industrial motors, electronic & optical components, and other related products. It operates through the following segments: Nidec, Nidec Electronics Thailand, Nidec Singapore, Nidec Hong Kong, Nidec Sankyo, Nidec Copal, Nidec Techno Motor, Nidec Motor, and Nidec Motors & Actuators. The Nidec segment develops and sells hard disk drive (HDD) motors, small motors, and in-vehicle products. The Nidec Electronics Thailand segment manufactures and sells HDD motors. The Nidec Singapore sells HDD and other small motors. The Nidec Hong Kong segment produces and markets HDD and other small motors. The Nidec Sankyo segment manufactures and sells automotive products, electronic components, and other small motors. The Nidec Copal segment manufactures and sells optical and electronic products and equipment. The Nidec Techno Motor segment produces and sells commercial and industrial products. The Nidec Motor segment offers consumer electronics, and commercial & industrial products. The Nidec Motors & Actuators segment manufactures and sells automotive products. The company was founded by Shigenobu Nagamori and Hiroshi Kobe on July 23, 1973 and is headquartered in Kyoto, Japan.

Japanese electric motor maker Nidec on Tuesday posted an operating loss for the January to March quarter, hit by the costs of restructuring steps taken to deal with fierce price competition in China's electric vehicle market.

Nidec posts quarterly loss, hit by restructuring costs

Mitsuya Kishida has recently assumed the CEO role, and there are positive expectations that Nidec Corporation's EV traction motors business will achieve a successful turnaround under his charge.

Nidec Stock: Spotlight On New CEO And Potential M&A

Japan's Nidec Corp and U.S.-based private equity firm KPS Capital Partners are competing to acquire Siemens AG's Innomotics large motors business, Bloomberg News reported on Monday.

Nidec, KPS compete for Siemens' $3 bln Innomotics unit, Bloomberg reports

KYOTO, Japan--(BUSINESS WIRE)--Nidec Corporation (TOKYO: 6594; OTC US: NJDCY) (“Nidec” or the “Company”) announced today that it has passed a resolution in an extraordinary meeting of the Board of Directors held on February 14, 2024 regarding the Company's new Chairman and President, and on changes in its representative Directors. 1. Reasons for the changes Via a stable succession of business operations and a smooth transfer to a new management for the Nidec Group's aim to achieve its FY2030 sa.

Nidec Announces New President, Changes in Representative Directors and Others

KYOTO, Japan--(BUSINESS WIRE)--Nidec Corporation (TOKYO: 6594; OTC US: NJDCY) (the “Company”) announced today that Takisawa Machine Tool Co., Ltd. (“Takisawa”) has passed a resolution at its extraordinary general meeting of shareholders held on January 12, 2024, to consolidate 900,000 of its common shares into one, and that the consolidation has taken effect today. With this share consolidation, Takisawa has become a wholly owned subsidiary of the Company. The aforementioned share consolidation.

Nidec Announces that Takisawa Consolidates Shares and Becomes a Wholly Owned Subsidiary of Nidec

Nidec Corporation (NJDCY) Q3 2023 Earnings Call Transcript

Japanese electric motor maker Nidec Corp posted a 91% rise in third-quarter operating profit on Wednesday to 53.6 billion yen ($362 million), compared to 28.0 billion yen in the same period a year earlier.

Japan's Nidec nearly doubles operating profit in third quarter

KYOTO, Japan--(BUSINESS WIRE)--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, 2023 through December 31, 2023. The highlights are as follows: We achieved record-high nine months consolidated net sales, operating profit, profit before income taxes and profit attributable to owners of the parent. For the Battery EV related business, we implement a strategic.

Nidec Announces Financial Results for Fiscal Third Quarter and Nine Months Ended December 31, 2023

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

Is Nidec (NJDCY) Stock Undervalued Right Now?

Universal Display

Investors with an interest in Electronics - Miscellaneous Components stocks have likely encountered both Nidec Corp. (NJDCY) and Universal Display Corp. (OLED). But which of these two stocks offers value investors a better bang for their buck right now?

NJDCY vs. OLED: Which Stock Is the Better Value Option?

Nidec Corporation's successful tender offer for Takisawa's shares will allow it to expand its market share in Japan's machine tool industry. M&A will be a key factor in supporting NJDCY's efforts to reach a revenue of JPY4 trillion in FY 2025. I rate Nidec Corporation as a Buy after assessing its inorganic growth prospects.

Nidec Stock: A Buy On M&A Growth Potential

KYOTO, Japan--(BUSINESS WIRE)--As announced in the press release dated November 14, 2023, “Notice Regarding the Results of the Tender Offer for Takisawa Machine Tool Co., Ltd. (Securities Code: 6121)”, in the tender offer conducted by Nidec Corporation in accordance with the Financial Instruments and Exchange Act (Act No. 25 of 1948, as amended) and related laws and regulations (the “Tender Offer”), regarding the common shares issued by Takisawa Machine Tool Co., Ltd. (listed on the Standard Ma.

Nidec Announces Notice Regarding the Completion of Purchase and Settlement of Tendered Shares Certificates, etc. in Tender Offer of Takisawa Machine Tool Co., Ltd.

KYOTO, Japan--(BUSINESS WIRE)--Nidec Corporation (the “Tender Offeror”) decided on September 13, 2023 to acquire, through a tender offer in accordance with the Financial Instruments and Exchange Act (Act No. 25 of 1948, as amended, the “Act”) and related laws and regulations (the “Tender Offer”), the common shares (the “Target Company Shares”) issued by Takisawa Machine Tool Co., Ltd. (Securities Code: 6121. The “Target Company”), which are listed on the Standard Market of the Tokyo Stock Excha.

Nidec Announces the Results of the Tender Offer for Takisawa Machine Tool Co., Ltd. (Securities Code: 6121)

KYOTO, Japan--(BUSINESS WIRE)--Nidec Corporation (TOKYO: 6594)(OTC US: NJDCY) (the “Tender Offeror”) decided on September 13, 2023 to acquire, through a tender offer under the Financial Instruments and Exchange Act (Act No. 25 of 1948, as amended, the “Act”) and related laws and regulations (the “Tender Offer”), the common shares (the “Target Company Shares”) of Takisawa Machine Tool Co., Ltd. (Securities Code: 6121. The “Target Company”), which is listed on the Standard Market of the Tokyo Sto.

Nidec Announces Changes to the Press Release, “Notice Regarding Commencement of Tender Offer for Takisawa Machine Tool Co., Ltd. (Securities Code: 6121)” due to Changes in Conditions to the Tender Offer to the Company

KYOTO, Japan--(BUSINESS WIRE)--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, 2023 through September 30, 2023. The highlights are as follows: First half net sales stood at a record high of ¥1,160.7 billion, 2.6% higher Y/Y. First half operating profit increased 20.1% Y/Y to ¥115.8 billion, marking a record high. First half profit before income taxes increas.

Nidec Announces Financial Results for Fiscal Second Quarter and Six Months Ended September 30, 2023

KYOTO, Japan--(BUSINESS WIRE)--Nidec Corporation (TOKYO: 6594; OTC US: NJDCY) (the “Company”) today announced differences between its financial forecast for the six months ended September 30, 2023 (previously announced on April 24, 2023) and the actual financial results released today. The details are as follows:  Differences between Projected and Actual Financial Results for Six Months Ended September 30, 2023 (IFRS)  From April 1, 2023 to September 30, 2023 (Millions of yen, except for per sh.

Nidec Announces Differences between Projected and Actual Financial Results for First-Half FY2023

KYOTO, Japan--(BUSINESS WIRE)--Nidec Corporation (TOKYO: 6594; OTC US: NJDCY) (the “Company”) announced today that, based on the provisions of Article 193, Paragraph 2, Items 1 and 2 of the Financial Instruments and Exchange Act, the certified public accountants, etc. who are in charge of the Company's audit certification are planned to be transferred, as outlined below. 1.   Date of the transfer   December 1, 2023 (plan) 2. Details of the transfer   PricewaterhouseCoopers Kyoto (as the absorbe.

Nidec Announces Transfer upon Merger of Certified Public Accountants, etc.

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Option Care Health

GO, OPCH and NJDCY made it to the Zacks Rank #1 (Strong Buy) growth stocks list on August 17, 2023.

Best Growth Stocks to Buy for August 17th

KYOTO, Japan--(BUSINESS WIRE)--Nidec Corporation (TOKYO: 6594; OTC US: NJDCY) (the “Company” or “Nidec”) today announced that the Company has acquired full ownership of Automatic Feed Company, Lasercoil Technologies LLC, and Automatic Leasing Company, privately-owned US companies (collectively the “Target”), from its founding family on August 1, 2023 (the “Transaction”). As a result of the Transaction, the Target became a consolidated subsidiary of Nidec, as outlined below: 1. Outline of the Ne.

Nidec Completes Acquisition of Automatic Feed Company and Related 2 Companies, US-based Press Machine Equipment Manufacturers

Nidec Corporation (OTCPK:NJDCY) Q1 2023 Earnings Conference Call July 20, 2023 9:00 AM ET Company Participants Masayuki Abe - General Manager Akinobu Samura - SVP and CFO Masahiro Nagayasu - General Manager, IR Department Conference Call Participants James Pulsford - Alma Capital Ramsai Neelam - State Street Global Advisors Takashi Ito - ARGA Investment Masayuki Abe Thank you very much for joining Nidec Conference Call. My name is Abe, General Manager, Institutional Sales Department of Mitsubishi UFJ Securities.

Nidec Corporation (NJDCY) Q1 2023 Earnings Call Transcript

KYOTO, Japan--(BUSINESS WIRE)--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, 2023. The highlights are as follows: Net sales increased 4.8% Y/Y to ¥566.1 billion. Operating profit increased 34.7% Y/Y to ¥60.2 billion, marking a record high on a quarterly basis. Profit before income taxes increased 51.0% Y/Y to ¥86.1 billion after foreign currency gai.

Nidec Announces Financial Results for Fiscal First Quarter Ended June 30, 2023

KYOTO, Japan--(BUSINESS WIRE)--Nidec Corporation (TOKYO:6594; OTC US:NJDCY) (the “Company” or “Nidec”) today announced that it has acquired full ownership of TAR, LLC d/b/a Houma Armature Works, a privately- owned US company (“Houma”), from its founding family, through the Company's subsidiary, Nidec Motor Corporation (“NMC”), on July 3, 2023 (US time) (the “Transaction”). As a result of the Transaction, Houma became a consolidated subsidiary of Nidec, as outlined below: 1. Outline of the New S.

Nidec Completes Acquisition of Houma Armature Works, a US-based Motor and Generator Service Provider

Embraer

Nidec said on Sunday that it is teaming up with Brazilian firm Embraer to form a new company that will make parts for flying cars and be set up in the United States.

Nidec to form joint venture with Brazil's Embraer to make flying car parts

KYOTO, Japan--(BUSINESS WIRE)--Nidec Corporation (TOKYO: 6594) (OTC US: NJDCY) (the “Nidec” or the "Company") today announced that the Company received the results of the Investigation by the External Investigation Committee regarding Interim Dividend (*1) and Company's Share Repurchase (*2), which exceeded the distributable amount calculated in accordance with the Japanese Companies Act and the Regulation on Corporate Accounting (hereinafter collectively "this Matter"), as described in Company.

Nidec Receives the Investigation Report by the External Investigation Committee

TDK Corp

Investors with an interest in Electronics - Miscellaneous Components stocks have likely encountered both TDK Corp. (TTDKY) and Nidec Corp. (NJDCY). But which of these two stocks presents investors with the better value opportunity right now?

News for Nidec Corp Stock (NJDCY)