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nidec corp (6594) Details

NIDEC Corporation manufactures and sells electric motors and related components and equipment worldwide. It offers hard disk drives spindle motors and other small precision motors for optical disk drives, electronic cooling fans, refrigerators, DVD recorders, laser printers, copiers, polygon scanners, automobiles, and other applications, as well as vibration mechanism for mobile phones. The company also provides automotive motors, power-train components, sensors, and electronic controls for power steering systems, dual-clutch transmission systems, engine cooling systems, seat adjusters, window lifts, vehicle traction systems, collision avoidance and mitigation systems, and other products; and home appliances motors for air purification systems, washing machines, refrigerators, dish washers, and other products. In addition, it offers commercial and industrial motors and systems for processing lines, rolling mills, mining equipment, heat pump and water heater systems, elevators, escalators, air conditioning systems, commercial food refrigerators, floor care equipment, utility and material handling vehicles, aerial lifts, monitoring systems, barrier-free facilities, electric tools, air compressors, marine propulsion systems, wind and photovoltaic power generation systems, and other products. Further, the company offers transfer robots for liquid-crystal-display panels, semiconductor wafers, and other products; card readers; mechanical pressing and food packaging machines; power transmission systems; shutters and lens units for digital still cameras and mobile phones; switches; trimmer potentiometers; precision plastic moldings; plastic metal casings; and music box products, as well as logistic services. It serves hard disk drives, electric household appliances, automation equipment, automotive components, home video game consoles, telecommunication equipment, and audio-visual equipment manufacturers. The company was founded in 1973 and is headquartered in Kyoto, Japan.

98,439 Employees
Last Reported Date: 06/25/15
Founded in 1973

nidec corp (6594) Top Compensated Officers

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nidec corp (6594) Key Developments

Nidec Corporation Provides Year-End Dividend Guidance for the Fiscal Year Ending March 31, 2016

Nidec Corporation provided year-end dividend guidance for the fiscal year ending March 31, 2016. For the year end, the company expects to pay dividend of JPY 40 per share compared to JPY 40 per share paid a year ago, a total annual dividend of JPY 80 per share for the year fiscal year 2016.

Nidec Corporation Announces Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended December 31, 2015; Provides Earnings Guidance for the Fiscal Year Ending March 31, 2016

Nidec Corporation announced unaudited consolidated earnings results for the third quarter and nine months ended December 31, 2015. For the quarter, the company net sales of JPY 308,001 million compared with JPY 264,255 million for the same period a year ago. Operating income was JPY 32,160 million compared with JPY 28,804 million for the same period a year ago. Income before taxes was JPY 30,968 million compared with JPY 29,771 million for the same period a year ago. Net income attributable to the company was JPY 23,320 million compared with JPY 21,318 million for the same period a year ago. Diluted net income attributable to the company per share was JPY 78.22 against JPY 71.42 a year ago. For the nine months, the company net sales of JPY 895,353 million compared with JPY 753,766 million for the same period a year ago. Operating income was JPY 93,990 million compared with JPY 80,727 million for the same period a year ago. Income before taxes was JPY 94,357 million compared with JPY 81,309 million for the same period a year ago. Net income attributable to the company was JPY 70,928 million compared with JPY 58,031 million for the same period a year ago. Diluted net income attributable to the company per share was JPY 238.90 against JPY 196.36 a year ago. Net cash provided by operating activities was JPY 113,438 million against JPY 56,082 million a year ago. Free cash flow was JPY 34,147 million against JPY 15,748 million a year ago. Additions to property, plant and equipment was JPY 66,856 million against JPY 41,076 million a year ago. For the fiscal year ending March 31, 2016, the company expects net sales of JPY 1,150,000 million, operating income of JPY 130,000 million, income before income taxes of JPY 126,000 million, net income attributable to the company of JPY 90,000 million and basic net income attributable to the company per share of JPY 302.84.

Nidec Corporation, Board Meeting, Jan 21, 2016

Nidec Corporation, Board Meeting, Jan 21, 2016. Agenda: To authorize a new share repurchase plan.

 

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