Nidec Corporation (NNDNF)
| Previous close | 46.65 |
| Open | 46.65 |
| Bid | 0.00 x 0 |
| Ask | 0.00 x 0 |
| Day's range | 46.65 - 46.65 |
| 52-week range | 35.38 - 62.77 |
| Volume | |
| Avg. volume | 2,536 |
| Market cap | 27.023B |
| Beta (5Y monthly) | 1.09 |
| PE ratio (TTM) | 33.56 |
| EPS (TTM) | 1.39 |
| Earnings date | 18 July 2024 - 22 July 2024 |
| Forward dividend & yield | 0.52 (1.11%) |
| Ex-dividend date | 27 Sept 2024 |
| 1y target est | N/A |
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ReutersNidec 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.
Business WireNidec Announces Financial Results for Fiscal Year Ended March 31, 2024
KYOTO, Japan, April 23, 2024--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, 2024.
