Nidec Corp

Earnings data Q4 2020

Earnings data Q1 2021

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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.

TOKYO--(BUSINESS WIRE)-- #EAxle--Nidec and Renesas Electronics have agreed to join forces on the development of semiconductor solutions for a next-generation E-Axle.

Nidec and Renesas Collaborate on Semiconductor Solutions for Next-Generation E-Axle for EVs

KYOTO, Japan--(BUSINESS WIRE)--Nidec Corporation (TOKYO: 6594) (OTC US: NJDCY) (the “Nidec” or the "Company") resolved at a meeting of its Board of Directors held on October 24, 2022 to pay an interim dividend of 35 yen per share (the "Interim Dividend"). In the course of a careful examination of the distributable amount for the fiscal year ended March 31, 2023, it was discovered that the Interim Dividend exceeded the distributable amount calculated in accordance with the Japanese Companies Act.

Nidec announces interim dividends and the Company's share repurchase for the previous fiscal year were in excess of the distributable amount

LGL Group

Investors interested in Electronics - Miscellaneous Components stocks are likely familiar with LGL Group, Inc. (The) (LGL) and Nidec Corp. (NJDCY). But which of these two stocks presents investors with the better value opportunity right now?

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

Nidec Corporation (NJDCY) Q4 2022 Earnings Call Transcript.

Nidec Corporation (NJDCY) Q4 2022 Earnings Call Transcript

Japanese electric motor maker Nidec Corp on Monday posted its first quarterly operating loss in a decade, of 24.3 billion yen ($181.01 million), as restructuring costs hurt results.

Japan's Nidec posts first quarterly loss in 10 years

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 fiscal year ended March 31, 2023. The highlights are as follows: Net sales stood at a record high of ¥2,242.8 billion, 16.9% higher Y/Y. Operating profit decreased 41.3% Y/Y to ¥100.1 billion due to structural reform expenses of ¥75.7 billion. Profit before income taxes decreased 29.1% Y/Y to ¥120.

Nidec Announces Financial Results for Fiscal Year Ended March 31, 2023

KYOTO, Japan--(BUSINESS WIRE)--Nidec Corporation (TOKYO: 6594; OTC US: NJDCY) (the “Company”) announced today that Nidec Copal Electronics Corporation (“Nidec Copal Electronics”), a subsidiary of the Company, has completed the acquisition of all shares of Midori Precisions Co., Ltd. (“Midori Precisions”) on March 31, 2023 (the “Stock Acquisition”), in line with the Company's March 15, 2023 press release, “Nidec Executes Stock Transfer Agreement on Nidec Copal Electronics' Acquisition of Midori Precisions.”

Nidec Copal Electronics Completes the Acquisition of the Shares of Midori Precisions

KYOTO, Japan--(BUSINESS WIRE)--Nidec Corporation (TOKYO: 6594; OTC US: NJDCY) (the “Company” or “Nidec”) announced today that it passed a resolution in the meeting of the Board of Directors held on March 15, 2023 (Japan time) on the purchase by Nidec Copal Electronics Corporation, a subsidiary of the Company, of all the shares of Midori Precisions Co., Ltd.

Nidec Executes Stock Transfer Agreement on Nidec Copal Electronics' Acquisition of Midori Precisions

Japanese electric motor company Nidec Corp on Monday lined up five contenders to eventually take the reins as chairman from the firm's no-nonsense 78-year-old founder, Shigenobu Nagamori.

Japan's Nidec lines up five execs as chairman contenders

KYOTO, Japan--(BUSINESS WIRE)--Nidec Corporation (TOKYO: 6594; OTC US: NJDCY) (the “Company” or “Nidec”) announced today it has passed a resolution in an extraordinary meeting of the Board of Directors held on March 10, 2023 on five persons to be appointed to serve as the Company's Executive Vice Presidents from April 1, 2023. They were selected based on the Company's selection policy and criteria deliberated by the Nomination Committee.

Nidec Selects Five Persons to Serve as Executive Vice Presidents

KYOTO, Japan--(BUSINESS WIRE)--Nidec Corporation (TOKYO: 6594; OTC US: NJDCY) (“Nidec”) would like to extend its deepest sympathy and condolences to the people of Turkey and Syria affected by the devastating earthquake that struck the region on February 6th. As a gesture of goodwill and support, Nidec will donate 10 million yen through the Japanese Red Cross Society to contribute to the ongoing recovery and relief efforts.

Nidec's Disaster Relief and Recovery Assistance for Turkey-Syria Earthquake

KYOTO, Japan--( BUSINESS WIRE )--Nidec Corporation (TOKYO:6594; OTC US:NJDCY) (the “Company” or “Nidec”) announced today that, in accordance with its November 30, 2022 press release, “Nidec to Execute a Share Transfer Agreement on Italian Machine Tool Manufacturer PAMA and Its Affiliates,” it has completed the acquisition of all the shares of PAMA S.p.A (“PAMA”) on February 1, 2023.

Nidec Completes the Acquisition of the Shares of Italian Machine Tool Manufacturer PAMA and Its Affiliates

Nissan Motor Co Ltd

Taiwan's Foxconn said on Monday it had hired former Nissan Motor Co and Nidec Corp executive Jun Seki as its chief strategy officer for electric vehicles, adding a high-profile auto executive to bolster its industry ambitions.

Taiwan's Foxconn taps former Nissan and Nidec heavyweight Seki for EV business

Shares in Japan's Nidec Corp slumped as much as 7% on Wednesday morning in Tokyo after the electric motor maker nearly halved its full-year profit forecast on a slow recovery of the car industry and due to expenses from a restructuring push.

Nidec shares slide 7% after profit forecast cut

Nidec Corporation (OTCPK:NJDCY) Q3 2022 Earnings Conference Call January 24, 2023 9:00 AM ET Company Participants Yoichi Orikasa - General Manager, Kyoto branch of Mitsubishi UFJ Morgan Stanley Securities Akinobu Samura - Senior Vice President and Chief Financial Officer Conference Call Participants Takashi Ito - ARGA Investment Management Ramsai Neelam - State Street Global Advisors Yoichi Orikasa Dear all, thank you very much for joining Nidec's Conference Call. I'm Yoichi Orikasa, General Manager, Kyoto branch of Mitsubishi UFJ Morgan Stanley Securities.

Nidec Corporation (NJDCY) Q3 2022 Earnings Call Transcript

KYOTO, Japan--( BUSINESS WIRE )--Nidec Corporation (TOKYO: 6594)(OTC US: NJDCY) (the “Company”) today announced a revision to its IFRS-based consolidated full-year financial forecasts for the year ending March 31, 2023, previously announced on April 21, 2022.

Nidec Revises Consolidated Financial Forecasts for the Year Ending March 31, 2023

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, 2022 through December 31, 2022.

Nidec Announces Financial Results for Fiscal Third Quarter and Nine Months Ended December 31, 2022

Nidec is venturing overseas with the acquisition of Italian machine tool manufacturer PAMA. The acquisition is likely the first of many to come as Nidec looks to build out its machine business group.

Nidec: PAMA Acquisition Signals Long-Term Growth Ambitions

Nidec has been hit hard by input cost inflation and launch costs in its electric vehicle operations, as well as the decline in demand for HDDs for PCs and datacenters. The initial costs of building the EV business are worthwhile; Nidec has staked out a lead among third-party e-axle suppliers in China and stands to benefit from future OEM out-sourcing.

Hammered By Input And Launch Costs, Nidec Is Worth Another Look

KYOTO, Japan, Dec. 12, 2022 (GLOBE NEWSWIRE) -- Nidec Corporation (TSE: 6594; OTC US: NJDCY) (the “Company” or “Nidec”) announced today that, at its board meeting held today, it has resolved to implement share exchange transactions to make Nidec OKK Corporation (TSE: 6205) (“Nidec OKK,” and the Company and Nidec OKK will be collectively referred to as the “two companies” hereinafter) a wholly owned subsidiary of the Company, which will serve as the wholly owning parent company, and that the two companies have signed a share exchange agreement (the “Share Exchange Agreement”).

Nidec Corporation to Make Nidec OKK Corporation a Wholly Owned Subsidiary by Way of Simplified Share Exchange

KYOTO, Japan, Dec. 06, 2022 (GLOBE NEWSWIRE) -- Nidec Corporation (“Nidec” or the “Company”) (TSE: 6594; OTC US: NJDCY) announced today that the Company has completed the establishment procedures for the joint venture agreement with FREYR Battery (“FREYR”), a developer of clean, next-generation battery cell production capacity, as previously disclosed on August 30, 2022.

Nidec to Establish a Joint Venture with FREYR Battery, a Semi-Solid Lithium-Ion Battery Manufacturer

KYOTO, Japan, Nov. 30, 2022 (GLOBE NEWSWIRE) -- Nidec Corporation (TSE: 6594; OTC US: NJDCY) (the “Company” or “Nidec”) announced today that, the Company passed a resolution on, among others, purchasing the shares of Italian machine tool manufacturer PAMA and its nine affiliates (collectively “PAMA”) (the “Stock Acquisition”) on November 28, 2022 (Japan time). The Company executed a transfer agreement on the Stock Acquisition, etc. on November 30, 2022 (Japan time), as outlined below.

Nidec to Execute a Share Transfer Agreement on Italian Machine Tool Manufacturer PAMA and Its Affiliates

Nidec Corporation (OTCPK:NJDCY) Q2 2022 Results Earnings Conference Call October 24, 2022 9:00 AM ET Company Participants Yoichi Orikasa - General Manager, Kyoto branch of Mitsubishi UFJ Morgan Stanley Securities Akinobu Samura - Senior Vice President and Chief Financial Officer Masahiro Nagayasu - General Manager of the IR & CSR Promotion Conference Call Participants Tom Grew - Alma Capital Ramsai Neelam - State Street Global Advisors Yoichi Orikasa Dear all. Thank you very much for joining Nidec's Conference Call.

Nidec Corporation (NJDCY) Q2 2022 Results - Earnings Call Transcript

KYOTO, Japan, Oct. 24, 2022 (GLOBE NEWSWIRE) -- Nidec Corporation (TSE: 6594) (OTC US: NJDCY) (“Nidec” or the “Company”) announced today that it has instituted an action against Toyo Keizai Inc. and concerned individuals, requesting apology advertisements, among others, and submitted to the competent police station a damage report and a written complaint on the defamation by the aforementioned parties, stating that the recent article published by Toyo Keizai Inc. on the Company is false and defames it.

Nidec Files a Civil Action and a Complaint against Toyo Keizai Inc.

KYOTO, Japan, Oct. 24, 2022 (GLOBE NEWSWIRE) -- Nidec Corporation (TSE: 6594; OTC US: NJDCY) (the “Company”) today announced differences between its financial forecast for the six months ended September 30, 2022 (previously announced on April 21, 2022) and the actual financial results released today.

News for Nidec Corp Stock (NJDCY)