Nidec Corporation (NNDNF)
| Previous Close | 42.97 |
| Open | 42.97 |
| Bid | 0.00 x 0 |
| Ask | 0.00 x 0 |
| Day's Range | 42.97 - 42.97 |
| 52 Week Range | 35.38 - 62.77 |
| Volume | |
| Avg. Volume | 2,970 |
| Market Cap | 25.033B |
| Beta (5Y Monthly) | N/A |
| PE Ratio (TTM) | 30.48 |
| EPS (TTM) | N/A |
| Earnings Date | N/A |
| Forward Dividend & Yield | 0.52 (1.20%) |
| Ex-Dividend Date | Sept 27, 2024 |
| 1y Target Est | N/A |
- 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.
- Bloomberg
Nidec Sees ‘Ocean of Red’ in China’s Competitive EV Market
(Bloomberg) -- Tesla Inc. supplier and motors maker Nidec Corp. slashed its full-year operating income guidance by almost 20% on what its chairman said was “an ocean of red” in China’s electric-vehicle market. Most Read from BloombergSingapore’s $200,000 Toyotas Fuel Angst Over Wealth GapTraders Line Up for ‘Once-in-a-Generation’ Emerging Markets BetThree US Troops Killed in Attack Tied to Iran-Backed GroupsHouthi Hit on Russian Fuel Has Oil Traders Recalculating RisksReddit Advised to Target at
- Reuters
Nidec cuts profit forecast as Chinese EV competition ramps up
TOKYO (Reuters) -Japanese electric motor maker Nidec Corp slashed its full-year operating profit forecast by nearly a fifth on Wednesday, warning of uncertainty in demand and intensifying price competition in China's electric vehicle market. The sobering outlook for the company's signature e-axle traction motor business highlights the challenges parts makers face in the world's biggest auto market, as a price war and fewer subsidies for EV buyers has raised pressures to cut costs. The Kyoto-based manufacturer cut its operating profit forecast for the financial year to March 31 by 18% to 180 billion yen ($1.22 billion), versus an average forecast of 219.7 billion yen from 18 analysts surveyed by LSEG.
