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    6594   JP3734800000

NIDEC CORPORATION

(6594)
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Nidec : Announces the Status of Own Share Repurchase

08/02/2021 | 02:30am EDT

KYOTO, Japan, Aug. 02, 2021 (GLOBE NEWSWIRE) -- Nidec Corporation (TSE: 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 January 25, 2021, pursuant to Article 459, Paragraph 1, Item 1 of the Company Law of Japan.

Details are as follows:

Details of Share Repurchase  
1. Period of own share repurchase: From July 1, 2021 through July 31, 2021
2. Class of shares: Common stock
3. Number of own shares repurchased: 0
4. Total repurchase amount: 0 yen

Note: The above repurchase information has been prepared on the basis of trade date.

Reference
A) The following details were resolved by the Company’s Board of Directors on January 25, 2021:
1. Class of shares: Common stock
2. Total number of shares that may be repurchased: Up to 4,000,000 shares 
    (0.68% of total number of shares issued, excluding treasury stock)
3. Total repurchasable amount: 50 billion yen
4. Period of repurchase: From January 26, 2021 through January 25, 2022

B) Total number and yen amount of own shares repurchased from January 26, 2021 through July 31, 2021, pursuant to the Board of Directors resolution above:
1. Total number of own shares repurchased: 404,800
2. Total repurchase amount: 4,824,927,000 yen

Contact:
Masahiro Nagayasu
General Manager
Investor Relations
+81-75-935-6140
ir@nidec.com 

 


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Source: Nidec Corporation

2021 GlobeNewswire, Inc., source Press Releases

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Financials
Sales 2022 1 803 B 15 763 M 15 763 M
Net income 2022 150 B 1 313 M 1 313 M
Net Debt 2022 344 B 3 008 M 3 008 M
P/E ratio 2022 49,1x
Yield 2022 0,51%
Capitalization 7 358 B 64 413 M 64 321 M
EV / Sales 2022 4,27x
EV / Sales 2023 3,88x
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
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TrendsNeutralNeutralBearish
Income Statement Evolution
Consensus
Sell
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Mean consensus BUY
Number of Analysts 19
Last Close Price 12 570,00 JPY
Average target price 15 077,78 JPY
Spread / Average Target 20,0%
EPS Revisions
Managers and Directors
Shigenobu Nagamori Chairman & Chief Executive Officer
Jun Seki Executive President, COO & Representative Director
Takayuki Sakurai Co-Chief Financial Officer & Executive Officer
Hidetoshi Yokota Co-CFO, Head-Investor Relations & Accounting
Maki Okajima Chief Information Officer & Executive Officer
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