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Nidec Corporation (NJDCY)

Other OTC - Other OTC Delayed price. Currency in USD
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15.63+0.29 (+1.89%)
At close: 03:59PM EDT
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Trade prices are not sourced from all markets
Previous close15.34
Open15.69
Bid0.00 x 0
Ask0.00 x 0
Day's range15.22 - 15.69
52-week range14.00 - 32.00
Volume357,897
Avg. volume255,328
Market cap36.158B
Beta (5Y monthly)1.31
PE ratio (TTM)36.35
EPS (TTM)0.43
Earnings dateN/A
Forward dividend & yield0.13 (0.87%)
Ex-dividend date29 Mar 2022
1y target estN/A
  • Reuters

    Japan's Nidec to unify chip procurement amid supply crunch

    TOKYO (Reuters) -Electric motor maker Nidec Corp on Tuesday said it would combine group semiconductor purchases into a single procurement unit to strengthen ties with chip makers and ensure it could source key components amid continued uncertainty over supplies. "The chip industry environment is more uncertain than it has ever been," said Ryuji Omura, deputy chief technology officer of Nidec, makes motors for electric vehicles, household appliances and other products. The company's decision to centralize procurement is a sign that chip shortages, which have affected automakers in particular, may persist and are forcing companies to implement more aggressive measures to ensure they have enough components to meet demand for their products and devices.

  • Reuters

    Nidec's founder returns as CEO after profit miss

    TOKYO (Reuters) -The founder of Nidec Corp is returning to the role of CEO less than a year after relinquishing it, the Japanese electric motor maker said on Thursday, as it reported quarterly earnings that missed expectations. Shigenobu Nagamori, who founded Nidec in 1973 and is also its chairman, will replace Jun Seki, who is returning to the position of chief operating officer with immediate effect. "In times like these, I, as the founder of the company who knows everything, will take the lead in the short term to further improve business performance."

  • Reuters

    Motor maker Nidec's profit slips on copper prices, chip shortage

    TOKYO (Reuters) -Nidec Corp, a Japanese maker of electric motors, on Wednesday said third-quarter operating profit dipped as rising material prices and a shortage of semiconductors squeezed margins. "Delays in negotiations to increase product prices were a reason for the profit drop," Chairman and founder Shigenobu Nagamori said at a briefing. Both executives said they continued to work closely together, dismissing recent media reports that the company founder regretted hiring the former Nissan Motor Co executive in 2020 to succeed him.