Nidec Corp (NIB.DU)
| Previous close | 46.34 |
| Open | 45.39 |
| Bid | 45.76 x 0 |
| Ask | 46.80 x 0 |
| Day's range | 45.39 - 45.39 |
| 52-week range | 33.09 - 54.54 |
| Volume | |
| Avg. volume | 1 |
| Market cap | N/A |
| Beta (5Y monthly) | N/A |
| PE ratio (TTM) | N/A |
| EPS (TTM) | N/A |
| Earnings date | N/A |
| Forward dividend & yield | N/A (N/A) |
| Ex-dividend date | N/A |
| 1y target est | N/A |
- Reuters
Japan's Nidec corrects past results after some sales were 'inflated'
Japanese electric motor manufacturer Nidec Corp revised down two years of operating profit by about $67 million on Friday after determining that some sales were "recorded in an inflated manner" at a subsidiary. Nidec said it had amended its financial results for the year ended in March 2023 and the year that ended in March 2024, after finding errors in its consolidation adjustment at subsidiary Nidec Drive Technology. It said its operating profit was 10.1 billion yen ($64.33 million), or about 10%, lower than originally stated for the business year that finished in March 2023 and was 307 million yen lower than originally stated for the one that just ended.
- Bloomberg
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- Reuters
Nidec 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.
