|
|
|
08.07.25 - 08:51
|
Nidec Completes Acquisition of Chinese Scroll Compressor Manufacturer Xecom (Business Wire)
|
|
KYOTO, Japan--(BUSINESS WIRE)--Nidec Corporation (TOKYO: 6594; OTC US: NJDCY) (the “Company” or “Nidec”) today announced that it has acquired full ownership of Changzhou Xecom Energy Technologies Co., Ltd., a privately owned Chinese company (''Xecom”), through the Company's subsidiary, Nidec Appliance Controls (Qingdao) Co., Ltd , on July 8, 2025 (the “Transaction”) . As a result of the Transaction, Xecom became a consolidated subsidiary of Nidec, as outlined below:
From the effective day, Xecom is renamed Nidec Scroll Technology (Changzhou) Co., Ltd.
1. Outline of the Company to be acquired
New Company Name
Nidec Scroll Technology (Changzhou) Co., Ltd. (Former Changzhou Xecom Energy Technologies Co., Ltd.)
Address
Floor 1, Building No. 2, No. 1 Xinsi Road, Xinbei District, Changzhou City, Jiangsu Province, China
Foundation
2021
New Director Chairman
Alberto Casnati
Principal Businesses
Design and production of high performance Scroll Compressors for Air Conditioning, Heat Pump and Ref...
|
|
27.06.25 - 11:15
|
Nidec Announces Approval of Deadline Extension for Submission of the Securities Report for the Fiscal Year Ended March 31, 2025 (Business Wire)
|
|
KYOTO, Japan--(BUSINESS WIRE)--As announced in "Notice concerning submission of an application for approval of deadline extension for securities report for the 52nd fiscal year" dated June 27, 2025, Nidec Corporation (the "Company") had applied for the deadline extension of submission for its securities report under Article 15-2, Paragraph (1) of the Cabinet Office Ordinance on Disclosure of Corporate Affairs, and hereby announces that it has today received the approval of deadline extension for submission of the securities report under Article 15-2, Paragraph (3) prescribed by the said Cabinet Office Ordinance.
Securities reports covered
The 52nd Fiscal Year Securities Report (From April 1, 2024 to March 31, 2025)
Deadline for filing before extension
June 30, 2025
Deadline for filing if extension is approved
September 26, 2025
Future outlook
The Company plans to complete the submission of the 52nd fiscal year securities report following the audits of the securities report by the accou...
|
|
26.06.25 - 10:33
|
Nidec announces its board of directors′ resolution of application for approval of deadline extension for submission of securities report for 52nd fiscal year (Business Wire)
|
|
KYOTO, Japan--(BUSINESS WIRE)--As announced in "Change in the scheduled submission date for the securities report" dated June 18, 2025, Nidec Corporation (TOKYO: 6594; OTC US: NJDCY) (the "Company") is proceeding with further internal investigations and considerations regarding trade transactions and customs issues of NIDEC FIR INTERNATIONAL S.R.L. (Located in Italy; hereinafter "FIR"), one of the consolidated subsidiary of the Company and under Appliance, Commercial and Industrial Motors Business Unit of Appliance and Automotive Division.
In relation to this tariff issue, the Company hereby announces that the Company has decided to submit an application to the Kanto Local Finance Bureau for approval of a deadline extension regarding the submission of the securities report as prescribed in Article 15-2, Paragraph 1 of the Cabinet Office Ordinance on Disclosure of Corporate Affairs.
The Company would like to offer its deepest apologies to the shareholders, investors, and all other parties concerned for the...
|
|
21.06.25 - 03:06
|
Nidec′s Takisawa taps China′s robot boom with precision tool push (Digitimes)
|
|
Takisawa Machine Tool, a subsidiary of Japan's Nidec Corp., is leveraging its parent company's extensive sales networks and industrial connections to expand its presence in China's rapidly developing automation and humanoid robotics market. The move is designed to boost sales of Takisawa's high-precision lathes and machining tools in a competitive landscape dominated by both Japanese and Chinese firms....
|
|
|
02.06.25 - 08:45
|
Nidec Announces the Status of Own Share Repurchase (Business Wire)
|
|
(Repurchase of own shares, pursuant to the Company's Articles of Incorporation based on the provisions of Item 1 of Article 459 (1) of the Companies Act of Japan)KYOTO, Japan--(BUSINESS WIRE)--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 May 27, 2025, pursuant to Item 1 of Article 459 (1) of the Companies Act of Japan.
Details of Share Repurchase
Period of own share repurchase: From May 28, 2025 through May 31, 2025
Class of shares: Common stock
Number of own shares repurchased: 0 shares
Total repurchase amount: 0 yen
Note: The above repurchase information has been prepared on the basis of trade date.
Reference
A) Details of the share repurchase plan authorized by the Board of Directors on May 27, 2025:
Class of shares: Common stock
Total number of shares that may be repurchased: Up to 13,000,000 shares
(1.13% of total number of s...
|
|
29.05.25 - 13:33
|
Nidec Announces in Relation to Disclosure Information Regarding Consolidated Financial Statements (Business Wire)
|
|
KYOTO, Japan--(BUSINESS WIRE)--Nidec Corporation hereby announces that at the Board of Directors meeting held today, it was resolved to post the contents of the attachment on its Internet website (address: https://www.nidec.com/en/ir/event/meeting/).
The audits of overseas subsidiaries are taking time, and we have not yet received the accounting auditor's report on the consolidated financial statements.
The accounting auditor's report on the consolidated financial statements is currently being prepared in time for the 52nd Annual General Meeting of Shareholders, scheduled to be held on June 20, 2025, but is yet to be determined. We will notify you as soon as we receive it.
(Attachment)
To our shareholders
Disclosure information regarding consolidated financial statements
We would like to express our sincere gratitude to our shareholders for their ongoing support and encouragement.
Our 52nd business report, financial statements, and consolidated financial statements have already been submitted to the Aud...
|
|
27.05.25 - 12:18
|
Nidec Announces Annual Dividend Payout from Retained Earnings (Business Wire)
|
|
KYOTO, Japan--(BUSINESS WIRE)--Nidec Corporation (TOKYO:6594; OTC US:NJDCY) (the “Company”) today announced that the Company resolved at a meeting of its Board of Directors held on May 27, 2025 to distribute retained earnings (date of record: March 31, 2025) in the form of an annual dividend as outlined below:
1. Annual Dividend Payout from Retained Earnings
Determined
amount
Previous annual
dividends forecast
(Announced on
April 24, 2025)
(Reference)
Annual dividends
for the fiscal year ended March 31, 2024
Record date
March 31, 2025
March 31, 2025
March 31, 2024
Dividend per share
20 yen
20 yen
20 yen(*1)
Total dividend amount
22,960 million yen
-
23,003 million yen
Effective date
June 2, 2025
-
June 3, 2024
Dividend resource
Retained earnings
-
Retained earnings
(*1) The Company implemented a two-for-one common stock split, effective October 1, 2024. Dividends per share was calculated on the assumption that the relevant stock split had been implemented at the beginning of the year ended March ...
|
|
|
27.05.25 - 10:54
|
Nidec Announces That Its Board Authorizes Share Repurchase Plan (Business Wire)
|
|
(Repurchases of Shares Pursuant to Item 1 of Article 459 (1) of the Companies Act of Japan)KYOTO, Japan--(BUSINESS WIRE)--Nidec Corporation (TOKYO: 6594; OTC US: NJDCY) (the “Company”) announces today that its Board of Directors has authorized a new share repurchase plan at a meeting held on May 27, 2025, whereby the Company may repurchase up to 13 million shares in accordance with the Articles of Incorporation pursuant to Item 1 of Article 459 (1) of the Companies Act of Japan.
Reason for Share Repurchase
To flexibly implement share repurchases while considering factors such as funds for medium- to long-term growth investments, the current cash position, stock price levels, and the status of total shareholder returns, with a view to achieving a total return ratio of 50%.
Details of Authorized Share Repurchase Plan
Class of shares: Common stock
Total number of shares that may be repurchased: Up to 13,000,000 shares
(1.13% of total number of shares issued, excluding treasury stock)
Total repurchasable ...
|
|
|
09.05.25 - 10:27
|
Nidec Announces the Withdrawal of the Tender Offer for Makino Milling Machine Co., Ltd. (Securities Code: 6135) (Business Wire)
|
|
KYOTO, Japan--(BUSINESS WIRE)--Nidec Corporation (TOKYO: 6594) (OTC US: NJDCY) (“Nidec” or the “Company”) announced that the Company decided to withdraw the acquisition of shares of common stock of Makino Milling Machine Co., Ltd. (the “Target Company”) , a company listed on the Prime Market of the Tokyo Stock Exchange, Inc., through a tender offer (the “Tender Offer”) effective May 9, 2025.
As announced in the press release dated April 3, 2025, titled “Notice Regarding Commencement of Tender Offer for Makino Milling Machine Co., Ltd. (Securities Code: 6135)” (as amended by and including corrections made by the press release dated April 7, 2025, titled “(Correction) Notice Regarding Partial Correction of “Notice Regarding Commencement of Tender Offer for Makino Milling Machine Co., Ltd. (Securities Code: 6135)””), Nidec Corporation resolved on April 3, 2025, by the Board of Directors to acquire shares of common stock of Makino Milling Machine Co., Ltd., a company listed on the ...
|
|
|
|
08.05.25 - 11:48
|
Nidec Withdraws Takeover Bid for Makino Milling (Nippon)
|
|
Tokyo, May 8 (Jiji Press)--Japanese motor manufacturer Nidec Corp. said Thursday that it has decided to withdraw its tender offer for Makino Milling Machine Co. Nidec made the decision in light of the possibility that it would suffer damage if Makino Milling implements a planned takeover defense measure, the free allocation of stock options to existing shareholders. In December, Nidec ann......
|
|
|
|
25.04.25 - 03:36
|
Nidec Posts Record Annual Sales, Profit (Nippon)
|
|
Kyoto, April 25 (Jiji Press)--Nidec Corp. said Thursday that its consolidated sales and net profit both hit a record high in the year that ended in March thanks to strong demand for hard disk drive motors for data center servers for artificial intelligence. The Japanese precision motor maker posted a net profit of 167,688 million yen, up 34.7 pct from the previous year, on sales of 2,607 bil......
|
|