Nidec Corporation (NIB.F)
| Previous close | 42.65 |
| Open | 42.83 |
| Bid | 42.80 x 10000 |
| Ask | 43.65 x 10000 |
| Day's range | 42.83 - 42.83 |
| 52-week range | 33.29 - 55.00 |
| Volume | |
| Avg. volume | 173 |
| Market cap | 24.61B |
| Beta (5Y monthly) | 1.01 |
| PE ratio (TTM) | 33.46 |
| EPS (TTM) | 1.28 |
| Earnings date | 23 July 2024 |
| Forward dividend & yield | 0.49 (1.14%) |
| Ex-dividend date | 27 Sept 2024 |
| 1y target est | N/A |
Business WireNidec 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
ReutersNidec 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.
Business WireNidec Announces the Status of Own Share Repurchase
KYOTO, Japan, June 03, 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 May 24, 2024, pursuant to Item 1 of Article 459 (1) of the Companies Act of Japan.
