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    6594   JP3734800000

NIDEC CORPORATION

(6594)
  Report
End-of-day quote. End-of-day quote Japan Exchange - 12/02
12900 JPY   -1.38%
12/01NIDEC : Notice Regarding the Status of Own Share Repurchase
PU
12/01Nidec Announces the Status of Own Share Repurchase
AQ
11/30NIDEC : Develops a Company-wide Basic Policy on Human Rights
PU
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Nidec : Japan's Nidec files HDD patent infringement suit against Seagate

01/19/2021 | 09:51pm EST
FILE PHOTO: Nidec Corp's logo is pictured at an earnings results news conference in Tokyo

TOKYO (Reuters) - Japan's Nidec Corp said on Wednesday it had filed a patent infringement lawsuit against Seagate Technology LLC and its affiliates, accusing it of using Nidec hard disk drive motor designs without permission.

The suit was filed on Jan. 18 in the U.S. District Court in Delaware, Nidec said in a statement.

The Japanese component maker wants the court to award it appropriate compensation based on sales made by Seagate, a Nidec spokesman said.

At issue were spindle motor designs used to spin the HDD disk and the base plate the disk sits in, the spokesman said.

Seagate did not immediately respond to a request for comment.

Nidec has about 85% of the global market for HDD motors, which are used in computers and other devices including data centre equipment. Those motors account for around a tenth of the company's revenue.

(Reporting by Tim Kelly and Chang-Ran Kim; Editing by Leslie Adler and Stephen Coates)


ę Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
NIDEC CORPORATION -1.38% 12900 End-of-day quote.-0.62%
SEAGATE TECHNOLOGY HOLDINGS PLC 1.22% 105.11 Delayed Quote.69.10%
All news about NIDEC CORPORATION
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More news
Analyst Recommendations on NIDEC CORPORATION
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Financials
Sales 2022 1 830 B 16 174 M 16 174 M
Net income 2022 150 B 1 323 M 1 323 M
Net Debt 2022 301 B 2 658 M 2 658 M
P/E ratio 2022 50,4x
Yield 2022 0,50%
Capitalization 7 540 B 66 698 M 66 650 M
EV / Sales 2022 4,29x
EV / Sales 2023 3,91x
Nbr of Employees 112 551
Free-Float 84,5%
Chart NIDEC CORPORATION
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Nidec Corporation Technical Analysis Chart | 6594 | JP3734800000 | MarketScreener
Technical analysis trends NIDEC CORPORATION
Short TermMid-TermLong Term
TrendsNeutralNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 19
Last Close Price 12 900,00 JPY
Average target price 15 011,11 JPY
Spread / Average Target 16,4%
EPS Revisions
Managers and Directors
Shigenobu Nagamori Chairman & Chief Executive Officer
Jun Seki Executive President, COO & Representative Director
Hidetoshi Yokota CFO, Head-Investor Relations & Information Systems
Maki Okajima Chief Information Officer & Executive Officer
Koichiro Yasunaga Chief Compliance Officer & Head-Audit
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