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    6594   JP3734800000

NIDEC CORPORATION

(6594)
  Report
Delayed Japan Exchange  -  01:00 2022-11-30 am EST
8534.00 JPY   -1.04%
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Nidec Announces the Status of Share Repurchases andáthe Completion of the Share Repurchase Plan

09/08/2022 | 02:30am EST

KYOTO, Japan, Sept. 08, 2022 (GLOBE NEWSWIRE) -- Nidec Corporation (TSE: 6594; OTC US: NJDCY) (the ”Company”) today announces the status of the Company’s share repurchases under its repurchase plan in accordance with the Articles of Incorporation pursuant to Item 1 of Article 459 (1) of the Companies Act of Japan.

The Company also announces that the Company’s share repurchase plan authorized by the Board of Directors on April 21, 2022, has been completed.

Details of Share Repurchase

1. Period of share repurchase: From September 1, 2022 through September 7, 2022
2. Class of shares: Common stock
3. Number of shares repurchased: 299,600 shares
4. Total repurchase amount: 2,689,638,000 yen

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

Reference

A)   Details of the share repurchase plan authorized by the Board of Directors on April 21, 2022

1. Class of shares: Common stock
2. Total number of shares that may be repurchased: Up to 5,500,000 shares
    (0.95% of total number of shares issued, excluding treasury stock)
3. Total repurchasable amount: 50 billion yen
4. Period of repurchase: From April 22, 2022 through January 24, 2023

B)   Total number and yen amount of shares repurchased, pursuant to the authorization of the Board of Directors described above:

1. Total number of shares repurchased: 5,500,000 shares
2. Total repurchase amount: 46,672,436,900 yen 

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

Primary Logo

Source: Nidec Corporation

2022 GlobeNewswire, Inc., source Press Releases

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Analyst Recommendations on NIDEC CORPORATION
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Financials
Sales 2023 2 244 B 16 218 M 16 218 M
Net income 2023 168 B 1 214 M 1 214 M
Net Debt 2023 389 B 2 811 M 2 811 M
P/E ratio 2023 29,4x
Yield 2023 0,83%
Capitalization 4 905 B 35 446 M 35 446 M
EV / Sales 2023 2,36x
EV / Sales 2024 2,15x
Nbr of Employees 114 371
Free-Float 83,0%
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Income Statement Evolution
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Mean consensus BUY
Number of Analysts 19
Last Close Price 8 534,00 JPY
Average target price 10 844,44 JPY
Spread / Average Target 27,1%
EPS Revisions
Managers and Directors
Shigenobu Nagamori Chairman & Chief Executive Officer
Hiroshi Kobe President, COO & Representative Director
Akinobu Samura Chief Financial Officer & Head-Investor Relations
Maki Okajima Executive Officer & Head-Information Systems
Takashi Omuraa Deputy Chief Technology Officer
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