Nidec Corporation (NJDCY)
| Previous close | 11.72 |
| Open | 11.57 |
| Bid | 0.00 x 0 |
| Ask | 0.00 x 0 |
| Day's range | 11.57 - 11.95 |
| 52-week range | 8.94 - 15.78 |
| Volume | |
| Avg. volume | 157,785 |
| Market cap | 26.938B |
| Beta (5Y monthly) | 1.09 |
| PE ratio (TTM) | 34.26 |
| EPS (TTM) | N/A |
| Earnings date | N/A |
| Forward dividend & yield | 0.12 (1.05%) |
| Ex-dividend date | 27 Mar 2024 |
| 1y target est | N/A |
- Bloomberg
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- Reuters
Nidec posts unexpected quarterly loss, hit by restructuring costs amid China EV war
TOKYO (Reuters) -Japanese electric motor maker Nidec on Tuesday posted an unexpected 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. The company's fourth-quarter operating loss was 6.17 billion yen ($40 million), undershooting an average estimate for a 21.48 billion yen profit in a survey of eight analysts by LSEG. Nidec has sought to tap a growing share of the battery-powered vehicle market globally through developing and making an e-axle traction motor that combines an EV's gear, motor and power-control electronics.
- Bloomberg
Nidec Sees ‘Ocean of Red’ in China’s Competitive EV Market
(Bloomberg) -- Tesla Inc. supplier and motors maker Nidec Corp. slashed its full-year operating income guidance by almost 20% on what its chairman said was “an ocean of red” in China’s electric-vehicle market. Most Read from BloombergSingapore’s $200,000 Toyotas Fuel Angst Over Wealth GapTraders Line Up for ‘Once-in-a-Generation’ Emerging Markets BetThree US Troops Killed in Attack Tied to Iran-Backed GroupsHouthi Hit on Russian Fuel Has Oil Traders Recalculating RisksReddit Advised to Target at
