Nidec Corporation (6594.T)
| Previous Close | 7,991.00 |
| Open | 7,953.00 |
| Bid | 7,822.00 x 0 |
| Ask | 7,841.00 x 0 |
| Day's Range | 7,823.00 - 8,015.00 |
| 52 Week Range | 5,345.00 - 8,706.00 |
| Volume | |
| Avg. Volume | 3,866,120 |
| Market Cap | 4.505T |
| Beta (5Y Monthly) | 1.04 |
| PE Ratio (TTM) | 35.55 |
| EPS (TTM) | 220.55 |
| Earnings Date | Jul 18, 2024 - Jul 22, 2024 |
| Forward Dividend & Yield | 80.00 (1.01%) |
| Ex-Dividend Date | Sept 27, 2024 |
| 1y Target Est | 8,115.60 |
ReutersJapan'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.
Business WireNotice regarding the Partial Amendments of Previous Financial Statements Summary, Securities Reports and Internal Control Report
KYOTO, Japan, May 24, 2024--Nidec Corporation (TOKYO: 6594; OTC US: NJDCY) (the "Company") today submitted amendment reports to its Securities Reports, Quarterly Reports and Internal Control Report audited by our auditor and submitted in previous fiscal years, to Kanto Local Finance Bureau. The Company also partially amended previous financial statements summary and disclose the documents.We sincerely apologize for the considerable inconvenience caused to our shareholders, investors, business pa
Business WireNidec Announces Material Weakness About Nidec’s Internal Control Over Its Financial Reporting
KYOTO, Japan, May 24, 2024--Nidec Corporation (TOKYO: 6594; OTC US: NJDCY) (the "Company") announces today that it has identified a material weakness in its internal control report for the fiscal year ended March 31, 2023 audited by our auditor that the Company submitted to the Kanto Local Finance Bureau in accordance with Article 24-4-4(1) of the Financial Instruments and Exchange Act. Accordingly, pursuant to Article 24-4-5(1) of the Act, the Company stated, in the amendment report for its int
