Nidec Corp

Earnings data Q4 2020

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

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Earnings data Q2 2022

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Earnings data Q3 2024

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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.

KYOTO, Japan, Aug. 03, 2021 (GLOBE NEWSWIRE) -- Nidec Corporation (TSE: 6594; OTC US: NJDCY) (the “Company” or “Nidec”) announced today that it has completed yesterday, with certain exceptions, the acquisitions of: the shares of Mitsubishi Heavy Industries Machine Tool Co., Ltd. (“Mitsubishi Heavy Industries Machine Tool”), a company that designs, manufactures, and sells machine tools, cutting tools, and related products, from Mitsubishi Heavy Industries, Ltd. (“Mitsubishi Heavy Industries”); all the Mitsubishi Heavy Industries Group-owned shares of three overseas subsidiaries specialized in machine tool business; and the machine tool business run by overseas subsidiaries (the “Stock Acquisition”). These acquisitions are based on the stock purchase agreement that the Company entered into with Mitsubishi Heavy Industries on February 5, 2021, as described in the Company's press release, “Nidec to Acquire Mitsubishi Heavy Industries Machine Tool Co., Ltd.,” issued on the same day. Those companies finished with the Stock Acquisition are now Nidec's subsidiaries, as outlined below.

Nidec Completes the Acquisitions of Stock, Etc. of Mitsubishi Heavy Industries Machine Tool Co., Ltd.

Nidec surpassed fiscal first quarter estimates by a healthy margin, despite supply headwinds in two of its key businesses (small precision motors and autos).

Nidec: Building An Electrifying Growth Story

Nidec Corporation (NJDCY) CEO Jun Seki on Q1 2021 Results - Earnings Call Transcript

Nidec Corp (OTC: NJDCY) agreed to discuss a joint venture (JV) with Hon Hai Technology Group, better known as Foxconn Technology Co Ltd (OTC: FXCOF), and Foxtron Vehicle Technologies Co., Ltd. On March 18, 2021, Nidec signed a memorandum of understanding with Foxtron regarding its strategic alliance in developing electric vehicle (EV) drive systems.

Nidec, Foxconn, Foxtron In Discussions To Establish EV Joint Venture

KYOTO, Japan, July 21, 2021 (GLOBE NEWSWIRE) -- Nidec Corporation (TSE: 6594; OTC US: NJDCY) (the “Company” or “Nidec”) today announced that the Company has agreed to start discussions on establishing a joint venture (JV) with Hon Hai Technology Group (TWSE: 2317) (hereinafter referred to as “Hon Hai”) and Foxtron Vehicle Technologies Co., Ltd. (hereinafter referred to as “Foxtron”) of Hon Hai Technology Group in Taiwan.

Nidec Starts Discussions on Establishing Joint Venture with Hon Hai and Foxtron

KYOTO, Japan, July 21, 2021 (GLOBE NEWSWIRE) -- Nidec Corporation (TSE: 6594) (OTC US: NJDCY) today announced its consolidated results under the International Financial Reporting Standards (“IFRS”) for the three-month period ended June 30, 2021.

Nidec Announces Financial Results for Fiscal First Quarter Ended June 30, 2021

Nidec Corporation (NJDCY) Management on Q4 2020 Results - Earnings Call Transcript

KYOTO, Japan, April 22, 2021 (GLOBE NEWSWIRE) -- Nidec Corporation (TSE: 6594) (OTC US: NJDCY) today announced its consolidated financial results under the International Financial Reporting Standards (“IFRS”) for the fiscal year ended March 31, 2021.

Nidec Announces Financial Results for Fiscal Year Ended March 31, 2021

KYOTO, Japan, April 12, 2021 (GLOBE NEWSWIRE) -- Nidec Corporation (TSE: 6594; OTC US: NJDCY) (the “Company” or “Nidec”) today announced that it has decided to open new factories in the city of Novi Sad in the Republic of Serbia (“Serbia”), and that it has held an event to announce the launch of business in the country.

Nidec Holds an Event to Announce Its Decision to Open New Factories and Launch of Business in Serbia

KYOTO, Japan, March 25, 2021 (GLOBE NEWSWIRE) -- Nidec Corporation (TSE: 6594; OTC US: NJDCY) (the “Company”) today announced that it has decided the terms of senior unsecured bonds denominated in Euro (Green Bond*) (the "Bonds") in the overseas securities markets. The key terms of the Bonds are described below.

Nidec Decides Terms and Conditions of Senior Unsecured Bonds Denominated in Euro (Green Bond)

KYOTO, Japan, March 19, 2021 (GLOBE NEWSWIRE) -- Nidec Corporation (TSE: 6594; OTC US: NJDCY) (the “Company”) today announced the plan to issue senior unsecured bonds denominated in Euro (Green Bond*1) (the “Bonds”) in the overseas securities markets in order to raise funds for the production of traction motors for electric vehicles (EVs). This issuance will be the first ever issuance of euro-denominated Bonds by a Japanese business company, and the volume of the issuance is planned to be €500 million.

Nidec Decides Terms of Senior Unsecured Bonds Denominated in Euro (Green Bond)

Nidec had a strong fiscal third quarter despite weak results in the HDD motor business, with revenue and operating income both growing and beating expectations by a wide margin. Management maintained its FY25 target for e-axle shipments but noted ongoing strength in inquiries and customer production plans, while also acquiring a tooling business to support internal capacity needs.

Nidec Harnessing Electric Motors As Growth Drivers

KYOTO, Japan, Feb. 05, 2021 (GLOBE NEWSWIRE) -- Nidec Corporation (TSE: 6594; OTC US: NJDCY) (the “Company” or “Nidec”) announced today that its Board of Directors has approved a resolution to acquire: the shares of Mitsubishi Heavy Industries Machine Tool Co., Ltd. (“Mitsubishi Heavy Industries Machine Tool”), a company that designs, manufactures, and sells machine tools, cutting tools, and related products, from Mitsubishi Heavy Industries, Ltd. (“Mitsubishi Heavy Industries”); all the Mitsubishi Heavy Industries Group-owned shares of three overseas subsidiaries specialized in machine tool business; and the machine tool business run by nine overseas subsidiaries (the “Stock Acquisition”). Accordingly, Nidec entered into a stock purchase agreement on February 5, 2021 (Japan time).

Nidec to Acquire Mitsubishi Heavy Industries Machine Tool Co., Ltd.

OSI Systems

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

Nidec Corporation (NJDCY) Management on Q3 2020 Results - Earnings Call Transcript

KYOTO, Japan, Jan. 25, 2021 (GLOBE NEWSWIRE) -- Nidec Corporation (TSE: 6594) (OTC US: NJDCY) today announced its consolidated financial results under the International Financial Reporting Standards (“IFRS”) for the period of April 1, 2020 through December 31, 2020.

Nidec Announces Financial Results for Fiscal Third Quarter and Nine Months Ended December 31, 2020

KYOTO, Japan, Jan. 25, 2021 (GLOBE NEWSWIRE) -- Nidec Corporation (TSE: 6594; OTC US: NJDCY) (the “Company”) today announced an upward revision to its IFRS-based consolidated financial forecasts for the year ending March 31, 2021, previously announced on October 26, 2020.

Nidec Revises Upward Consolidated Financial Forecasts for the Year Ending March 31, 2021

KYOTO, Japan, Jan. 20, 2021 (GLOBE NEWSWIRE) -- Nidec Corporation (Nidec) filed a patent infringement lawsuit against Seagate Technology LLC and its affiliates (Seagate) on January 18, 2021 in the United States District Court for the District of Delaware, alleging that certain of Seagate products infringe Nidec-owned US patents related to hard disk drive (HDD) inventions.

Nidec Corporation Files Patent Infringement Lawsuit against Seagate Technology LLC and Its Affiliates concerning Hard Disk Drive Inventions

News for Nidec Corp Stock (NJDCY)